Business Archives - Page 3 of 156 - Barbados Today

Category: Business

Kerrie Symmonds

Violence, a damper on tourism

Minister of Tourism Kerrie Symmonds is deeply disturbed by the number of violent deaths in Barbados during the first month of the year, warning that it had the potential to impact gravely on the island’s bread and butter tourism industry. Calling for an end to the violent crimes, most of which have been gun-related, Symmonds […]

Kerrie Symmonds

Premium BIM

With Barbados’ tourism product a little more expensive as a result of recent taxes, Minister of Tourism Kerrie Symmonds is giving the assurance that careful and vigorous work is being undertaken so the destination could offer better value for money. Pointing to some measures that have already been put in place by the eight-month-old Mia […]

President of the Sugar Industries and Staff Association Edwin O’Neal.

Union offended

President of the Sugar Industries and Staff Association (SISA) Edwin O’Neal has lambasted the Barbados Agricultural Management Company (BAMC) Limited for the management of its recent retrenchment exercise. In a fiery press conference this morning, O’Neal accused the BAMC of being disrespectful to the union during negotiations. The BAMC recently took a decision to send […]

Edward Clarke

IMF programme on track, says BPSA

Head of the Barbados Private Sector Association (BPSA) Edward Clarke has given the Mia Mottley-led Government thumbs up for the manner in which the administration has handled the first five months of Barbados’ structural adjustment under the International Monetary Fund (IMF). Noting that the last Government, of the Democratic Labour Party (DLP), had attempted home […]

Richard Byles

Barbados urged to follow Jamaica’s IMF blueprint

Barbados can come out stronger at the end its four-year International Monetary Fund (IMF) program, should Government learn the lessons from Jamaica’s experience. This advice came from former co-chair of Jamaica’s Economic Programme Oversight Committee (EPOC), Richard Byles. Delivering the featured address for the Barbados Chamber of Commerce and Industry (BCCI) quarterly luncheon this afternoon, […]

From left) Chief Marketing Officer of the CHTA Matt Cooper, President of the CHTA Affonso-Dass and Secretary General and CEO of the Caribbean Tourism Organization (CTO) Hugh Riley.

Pushing tolerance in tourism

Tourism officials are encouraged by Barbados’ efforts as a tourist destination to be more inclusive and tolerant of members of the Lesbian, Gays, Bisexual, Transgender and Queer (LGBTQ+) community. Pointing to the diversity training initiative, Fresh Hospitality Training that was launched in Barbados last September, Director General and Chief Executive Officer of the Caribbean Hotel […]

Simon Naitram

New BES head ‘puzzled’ by lacklustre tourism performance

If the tourism industry is to continue to be Barbados’ largest foreign exchange earner it has to evolve. That is the view of new president of the Barbados Economic Society (BES) Simon Naitram, who has described a slowdown in the sector despite a 2.8 per cent increase in visitor arrivals in 2018 as “puzzling”. His […]

Cleviston Haynes

No growth

After contracting slightly in the final three months of last year due to a weak performance in the tourism sector for that period, Barbados’ economy is forecast to be flat in 2019. That glum news was revealed by Governor of the Central Bank Cleviston Haynes this morning during a press conference to review Barbados’ economic […]

Deputy Chairman and Chief Executive Officer of Sandals Resorts International Adam Stewart

Sandals hails progress at its showpiece Beaches hotel

Deputy Chairman and Chief Executive Officer of Sandals Resorts International (SRI) Adam Stewart says he is pleased with the progress of the multi-million dollar Sandals Beaches Resort currently under construction in Barbados. “For us being in Barbados is an absolute honour and a privilege and we are incredibly proud of how we are built and […]

Dr Don Marshall

‘Adjustment fatigue’

A leading political economist is warning the Government that Barbadians may soon suffer structural adjustment fatigue under the current International Monetary Fund (IMF) programme and that alternative concessionary financing may be necessary. As a matter of fact, head of the Sir Arthur Lewis Institute of Social and Economic Studies, (SALISES) Dr Don Marshall suggested that […]

Former Prime Minister Owen Arthur (right) speaking with Chinese Ambassador to Barbados Yan Xiusheng this morning at the UWI.

Arthur scoffs at IMF Deal

Barbados essentially gave up a chunk of its sovereignty when it signed on the dotted line to receive the US$290 million loan from the International Monetary Fund (IMF). This is the suggestion of former Prime Minister Owen Arthur, who argued that pre-conditions of the IMF arrangement demonstrated scant respect for the sovereignty of Barbados. Speaking […]

Former Prime Minister Professor Owen Arthur during last night’s lecture at the University of the West Indies, Cave Hill Campus. (Picture by Kemar Holder.)

Government’s approach to debt restructuring flawed, says Arthur

Government’s decision to restructure some aspects of its debt has come in for scathing criticism from former Prime Minister Professor Owen Arthur. Questioning Government’s choice to restructure the debt held by the National Insurance Scheme (NIS) Arthur, a former minister of finance, said this move was nothing but “reckless endangerment”. Government’s debt restructuring forms a […]

coverley

Free choice for Ross students

It is good news for some returning students of the Ross University School of Medicine (RUSM), even as others continue to complain about less than favourable living conditions. Some returning students have reportedly got back their accommodation deposit, allowing them to now rent off-campus. At the end of last year, Barbados TODAY first highlighted the plight […]

Professor Owen Arthur (left) answers a query from one of those attending the lecture while at centre is Senior Fellow of SALISES Dr Keith Nurse.

RER review needed

One local economist is calling for an immediate review of the Renewable Energy Rider (RER) programme, which allows producers of electricity from renewable energy source to sell power to the Barbados Light & Power Company (BL&P). Former Prime Minister Professor Owen Arthur said if Barbados was serious about meeting its renewable energy goals and breathing […]

Former Prime Minister Professor Owen Arthur during last night’s lecture at the University of the West Indies, Cave Hill Campus. (Picture by Kemar Holder.)

BERT no surety

Barbados could be under an International Monetary Fund (IMF) programme for the next 15 years, former Prime Minister Professor Owen Arthur has warned. Stating that the country was facing the “perfect economic and financial storm”, Arthur said the Barbados Economic Recovery and Transformation (BERT) programme was neither a quick fix nor a sure one for […]

Dwight Sutherland

‘Stay clean’

Members of the local business community are being warned to avoid corrupt business practices at all costs, following the indictment of two former senior insurance executives, in a US case centered on former minister of commerce, Donville Inniss. Last Friday, former Insurance Corporation of Barbados Limited (ICBL) chief executive officer, Ingrid Innes, and former ICBL […]

Minister of Small Business, Entrepreneurship and Commerce Dwight Sutherland speaking with Naquita Alexander, owner of La Flam’s Clothing Store today.

Minister urges business owners to apply for loans

Government’s election promise to assist hundreds of fledging business owners with trust loans, has resulted in success for some, but has also highlighted the tremendous difficulties faced by others struggling to make a profit in tough economic times. Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland revealed that government has so far disbursed $1.6 […]

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