The Hyatt Centric resort, a 15-storey hotel earmarked for the Barbadian capital is a go, said the government agency marketing Barbados abroad. The new high-rise hotel will transform the skyline of the capital which has earned a UNESCO world heritage status – a selling point the Barbados Tourism Marketing Inc. (BTMI) plans to make in […]
Category: Business
Barbadians are being told not to expect any substantial economic growth over the next year. But one of Barbados’ noted economic advisors is positive that the measures being implemented by the Mottley administration would create a solid base for robust economic growth going forward. Economic Advisor on the Barbados Economic Recovery Team, Professor Avinash Persaud […]
As badly-needed funds were about to pour into Barbados with today’s final approval of its economic recovery plan, Minister in the Ministry of Finance Ryan Straughn suggested this afternoon the Government won’t be reaching into the pockets of Barbadians with new taxes, at least not for the foreseeable future. “The mini budget [in June] would […]
BERT – the Barbados Economic Recovery and Transformation plan has received official approval from the Executive Board of the International Monetary Fund (IMF) paving the way for Barbados’ access to almost $600 million (US$290 million) for economic recovery. Word of this came just before midday on Monday, following a board meeting between Barbados and the […]
Barbados’ tourism product has been spared any fallout from the flooding caused by Tropical Storm Kirk’s passage, according to a senior industry official. Based on initial reports, there have been no adverse impact on the island’s bread-and-butter industry from the passage of the storm between last Thursday night and Friday morning, Chief Executive Officer of […]
One of the groups representing public service vehicle (PSV) operators is calling for representation on either the Transport Board or the Transport Authority, saying that lack of communication with the latter resulted in some minibus and ZR vans putting the brakes on their operations early, ahead of Tropical Storm Kirk. The explanation came as Maynards, […]
It was business as usual in the north of the island this morning, following heavy rains and strong winds associated with the passage of Tropical Storm Kirk overnight. When a Barbados TODAY team visited some communities in St Peter and St Lucy, several residents were going about their usual shopping and other errands while most […]
Amid queries about why there was no island wide shutdown today as an approaching Tropical Storm Kirk triggered a storm warning for Barbados, business operators in The City were generally pleased with how authorities handled the situation. When a Barbados TODAY team visited the capital this morning, it was business as usual and customers were […]
Barbados remains among the best – and the worst – when it comes to spending tax dollars for the common good in the Caribbean and Latin America, a new study has found. The island received top marks for early childhood education and healthcare services, according to a study on government spending by the Inter-American Development […]
A union boss has given tourism workers a sober reminder that as the digital technology revolution leads to disruption in the instruction, it could also leave displaced workers in its wake. “Where we are today is not where we anticipate we will be tomorrow. Everything around us is changing,” said General Secretary of the Barbados […]
There’s been some ease in prices with the removal of National Social Responsibility Levy (NSRL), the last administration’s controversial tax, but not fast enough, consumers tell Barbados TODAY. But the new Government’s Minister for Commerce is urging consumers to give supermarkets and other traders a little more time before they expect a reduction on all […]
Insurance Corporation of Barbados Limited (ICBL) has joined forces with financial technology firm Bitt to leverage blockchain technology to make the nation’s largest insurer more efficient and customer-friendly. As the two companies signed a memorandum of understanding at Bitt’s Wildey, St Michael office on Tuesday, Managing Director and Chief Executive Officer of ICBL Geoff Scott […]
As the nation prepares to wait out a tropical storm, there remains no policy on a national shutdown or all-clear – but the Government says it’s getting closer to a new protocol. The national shutdown policy came under scrutiny in 2016 after a number of businesses remained open during the passage of Tropical Storm Matthew, […]
One of Barbados’ most prominent supermarket operators is warning shoppers not to expect any ease in economic conditions over the next three years – as he unveiled plans for a new shopping mall, within a year, at Six Roads. The economic forecast came as Carlton and A1 Supermarkets founder Andrew Bynoe announced a 15 million-dollar […]
MONTEGO BAY – Barbados has all the raw materials necessary to fix the issue of low spending by visitors, Jamaica’s minister of tourism Edmund Bartlett has advised. Responding to questions from Barbados TODAY at a media breakfast hosted at the Jewel Grande Montego Bay resort as part of the start of Jamaica Product Exchange (JAPEX), […]
The Barbados Stock Exchange (BSE) is to join the blockchain revolution by soon opening up a market for crypto-assets, BSE Managing Director Marlon Yarde has revealed. And the stock exchange is anticipating regulatory approval for the trade in securitized digital tokens, while proceeding on a three-prong plan to boost the exchange’s global profile, he said. […]
After more than two decades in operation, the Caribbean Credit Bureau (CBB) is on the verge of going out of business while a new “foreign-owned” full-service credit bureau is set to take its place, Barbados TODAY has learned. The decision to wind down the operations was made on Friday, following a meeting between founder and […]
