Category: Business

William ‘Billy’ Griffith

‘Hyatt in 2020’ – BTMI

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 […]

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Avinash Persaud

No great economic growth ‘for a year’

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 […]

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Ryan Straughn

‘No new taxes . . .’ for now

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 […]

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Professor Avinash Persaud

Bert’s born

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 […]

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William ‘Billy’ Griffith

‘No tourism fallout’

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 […]

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Roy Raphael

‘Give us a seat’

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, […]

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Several residents were going about their usual shopping and other errands while most businesses were up and running in the north of the island today.

Business as usual in the north

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 […]

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Martin Bryan

Well done

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 […]

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Barbados ‘rich in social care, red tape’- study

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 […]

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‘Digital’ may transform, displaced workers – BWU

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 […]

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Minister Dwight Sutherland says supermarket operators and other traders should be given more time to sell old stock before customers could see the full reduction in prices on items that previously attracted the NSRL.

Minister urges patience on NSRL tax ease

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 […]

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ICBL Chief Executive Geoff Scott (left) and head of Bitt Senator Rawdon Adams signing a memorandum of understanding yesterday.

Insurer, fintech firm in new cooperation deal

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 […]

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Dwight Sutherland

National shutdown policy ‘closer’

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, […]

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From left, Minister of Small Business, Entrepreneurship and Commerce Dwight Sutherland looks on as Carlton and A1 Supermarket owner Andrew Bynoe identify the site for the new shopping mall.

Tough times

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 […]

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Minister of Tourism Edmund Bartlett - Jamaica

Barbados ‘can up visitor spend’

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), […]

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Marlon Yarde

BSE to begin crypto-trading

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. […]

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Grady Clarke

Final days

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 […]

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