Barbados’ most recent upgrade from bond rating agency Moody’s Investor Services should come as little surprise to Barbadians keeping abreast with Government’s progress under the International Monetary Fund-approved Barbados Economic Recovery and Transformation (BERT) programme, says respected economist, Jeremy Stephen. In a Barbados TODAY interview he said: “Any economy or any Government that was actually […]
Category: Business
Despite anaemic growth for the first half of 2019, one of Government’s top economic advisors, Ambassador Clyde Mascoll, is confident that the Barbados economy will take-off in the latter half of this year. Speaking at the Barbados Stock Exchange’s rebranding of its Junior Market to the Innovation and Growth Market at Savannah Hotel this morning, […]
New York-based bond credit ratings business, Moody’s Investor Services, today delivered a slight boost of confidence in the management of the Barbados economy, slowly reversing a decade-long trend of rating declines by modestly upping the still poor investment grade of Bridgetown’s own creditworthiness. While also still carrying a very high credit risk, the local and […]
A Government Minister is expressing disappointment at the low levels of investment in statistics in Barbados and the rest of the region, as officials point to a number of challenges facing public sector workers. Minister in the Ministry of Economic Affairs and Investment Marsha Caddle said over the past ten years Barbados was faced with […]
With about $5 million in investment sitting idle for the past eight years while the country is losing out on critical foreign exchange, one local businessman is calling on Government to come to his rescue. Managing Director of B’s Recycling Paul Bynoe said despite several promises from the past Democratic Labour Party (DLP) administration, he […]
This island’s largest operator in the recycling industry is calling on Government to implement laws to make it mandatory for households to separate their garbage. In addition, Managing Director of B’s Recycling Paul Bynoe is urging the Mia Mottley administration to provide incentives to encourage more people to recycle. Bynoe said while more people were […]
More changes could be in the works for Barbados’ labour laws as the island adopts a new International Labour Organisation (ILO) Convention aimed at tackling issues relating to violence and harassment. This hint has come from Permanent Secretary in the Ministry of Labour and Social Partnership Relations Alyson Forte as he addressed a Workforce Preparation […]
Government’s plan to digitize more than 60,000 records at the Police Certificate of Character Department over a two-month period has fallen behind. And Attorney General and Minister of Home Affairs Dale Marshall has suggested that this was a part of the reason the promised Freedom of Information Bill would not see the light of day […]
The much-touted Integrity in Public Life Bill and supporting pieces of legislation will be made into law in time for Independence this year, Attorney General and Minister of Legal Affairs Dale Marshall has promised. Insisting that the Mia Mottley-led administration was taking a “zero tolerance” approach to corruption, Marshall said the time for lip service […]
Government is getting an unexpected partner in the fight against non-communicable diseases (NCDs) and the promotion of responsible drinking – the drinks industry, officials said today. The West Indies Rum and Spirit Association (WIRSPA) and the recently formed Barbados Alcohol Industry Association announced on Tuesday that a major initiative would be launched to encourage people […]
A number of businesspeople in Barbados have been confessing privately to having paid bribes amounting to hundreds of thousands of dollars to public officials, Attorney General and Minister of Legal Affairs Dale Marshall has revealed. However, he said they have refused to give official statements to the Royal Barbados Police Force (RBPF). Noting that he […]
A new campaign group, opposed to the eventual legalisation of marijuana use, was launched on Monday, issuing a sharp warning to patients to source medical cannabis drugs through legal channels. Pharmacist Paul Gibson, a member of the Coalition For a Safe, Healthy and Productive Barbados, declared there were already several individuals engaging in “suitcase trade” […]
Despite “minor delays”, Barbados has managed to make a strong start in implementing its economic austerity programme, the International Monetary Fund said today, prompting the IMF’s second release of credit to Bridgetown. The IMF said the country passed its first quarter review, triggering an immediate injection of about $97.40 million (US$48.70) into its growing […]
The 2019 Barbados Culinary Team left on Thursday for Miami to represent the island at this year`s Caribbean Hotel and Tourism Association’s (CHTA) Taste of the Caribbean. They are Chefs Nicolas Ifill, Damian Leach; D’Sean Miller, Shanese Phoenix, Shamar Bishop, Jamal Whittaker, Junior Chef Kiara Riley and Mixologist Alexander Chandler, Team Manager – Chef Henderson Butcher, […]
Following the recent election and installation of its President Trisha Tannis, the Barbados Chamber of Commerce & Industry (BCCI) has made another change to its management team. Effective June 11, 2019, Misha Lobban-Clarke has been appointed the new Executive Director of the BCCI. She took over from Carlos Wharton, who the private sector body says […]
Barbados-based Trident Insurance Company Limited and Brydens Insurance, a branch of the Trinidad and Tobago-based Tatil Insurance company are in discussions with the possibility of forming a partnership. Tatil, which was established some 50 years ago, is a member of the ANSA McAL Group, and currently boasts a strong asset base. The over 39-year-old Trident […]
Barbados will soon have new guidelines for a national emergency protocol, Minister of the Environment Trevor Prescod has revealed. The guidelines are among policy decisions emerging from Wednesday’s massive landfill fire at the Sustainable Barbados Recycling Centre (SBRC). Prescod, who said he hardly slept over the past 72 hours of the raging blaze, told reporters […]
