Category: Business

Online scam

The two-month-old Mia Mottley-led Government has fallen victim to an online scam. Confirmation of this today from Minister of Small Business, Entrepreneurship and Commerce Dwight Sutherland, while warning local entrepeneurs not to be duped into making payments to the operators of the fake scheme who he said were posing as facilitators of his ministry’s yet […]

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No more business as usual – manufacturers warned

A Government minister is assuring that the local manufacturing sector is by no means dead. However, concerned about the steady decline in the sector’s contribution to the economy in recent years, Minister of Small Business, Entrepreneurship and Commerce Dwight Sutherland is warning local industry players that they must adopt a new approach if they are […]

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Arrivals up

Visitor arrivals are up for the first six months of 2018, and the Barbados Tourism Marketing Inc (BTMI) is expecting the positive trend to continue, with more flights due here and new attractions to come on stream before yearend. In a release, the BTMI said that between January and June this year, Barbados recorded some […]

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Too much secrecy at Town & Country Planning, Govt told

Secrecy, a lack of transparency and lengthy delays have been identified as some of the major hurdles in the way of developers and other stakeholders in the planning process. Kim Penfold, consultant with the housing, planning and regeneration company, Penfold Associates, today complained there was too much secrecy and too many delays at Town & […]

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Ozone drowning in $8 million debt

The island’s newest telecommunications provider today revealed it was sending home 80 per cent of its workforce and would suspend all debt payments in a bid to survive a multi-million dollar debt. The one-year-old Ozone Wireless said it owed $8 million to over 50 creditors, and would therefore undertake a three-year debt re-profiling programme. In […]

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No backing down!

As Barbados moves closer to implementing an International Monetary Fund (IMF) structural adjustment programme, a regional spokesman for the IMF is warning the Mia Mottley-led administration that it must be prepared to stand by its tough decisions. “You have to have the political will to know that some of these things that you do are […]

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Major upgrade

Five jet bridges, a rehabilitated runway, and an upgrade to several departure gates, are among Government’s major expansion plan for the Grantley Adams International Airport (GAIA). Minister of Tourism and International Transport Kerrie Symmonds outlined the plan today, though not providing a timeline for completion of the project. Delivering the feature address at the airport’s […]

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$24.9 million hole

The Government programme which provides loans to eligible Barbadians pursuing further studies is owed nearly $25 million by students who have not been meeting their commitments, according to the latest Auditor General’s Report. Auditor General Leigh Trotman said in his report, which examined the period April 2009 to March 2017, that the Students Revolving Loan […]

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Less time to get a building permit

The Barbados Town & Country Planning Department is going digital. And officials are predicting that this should help improve the climate of doing business in Barbados by shaving about 13 business days off the usually lengthy processing time. Acting Chief Town Planner George Browne told a stakeholder consultation on Monday that within a matter of weeks the department […]

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PM not amused by latest Auditor General report

Prime Minister Mia Mottley is not at all amused by the findings of the 2017 Auditor General Report. In fact, in light of the latest findings, she is promising a full review of “every area of Government”, with a view to carrying out the necessary house cleaning. One of the glaring irregularities highlighted in the […]

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Lights dimmed

Caribbean LED Lighting Inc, one of Barbados’ fastest growing manufacturers, has become one of the latest casualties of Government’s decision to default on its foreign debt payments. The decision to immediately suspend debt payment to international commercial creditors was announced by Prime Minister Mia Mottley a week after taking control of the reins of Government […]

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Whither CBC?

The jury is still out on what state-owned entities the Barbados Labour Party (BLP) administration will shed or share ownership of in the next phase of its economic recovery plan. However, Prime Minister Mia Mottley today made it clear that whatever decision was taken would not be driven by what the International Monetary Fund (IMF) […]

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Gov’t to establish new renewable energy regime

Within another month producers of electricity from renewable energy sources should have an idea of the new rate they will be paid for selling power to the Barbados Light & Power (BL&P) under the Renewable Energy Rider (RER) programme. This promise has come from Minister of Energy and Water Resources Wilfred Abrahams, who said his […]

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A $3 billion exercise

Chief Project Analyst in the Ministry of Energy and Water Resources Brian Haynes said investment was critical if Barbados was serious about achieving its vision for the sector, adding that without diversity “we are not going to make the targets that we are hoping to make”.

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Mottley eager to see the back of Bajan shantytowns

A new Town & Country Planning Act is expected to go before Parliament before the end of November, with Prime Minister Mia Mottley today taking issue with the current state of overcrowded, low-income housing districts, including The Pine, St Michael. “We have a situation in The Pine, in Wildey [St Michael], in Silver Hill and […]

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Bajans are not buying hybrid cars – Moore

A lack of interest in electric vehicles has forced at least one car dealer to put the brakes on the importation and sale of these vehicles, with others likely to follow, one dealer said. Sales Director of NASSCO Limited Roger Moore said it took the company about two years to sell the last two hybrid […]

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More austerity

The International Monetary Fund (IMF) today warned Barbadians to prepare for a second round of austerity as the Mia Mottley administration seeks assistance from the lending agency to drag the economy back from the brink. At the end of a ten-day visit here during which the IMF team held discussions with various stakeholders, the Washington-based […]

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