Category: Business

August gathering

Barbadian workers will have to wait until August 11 to hear whether they will be granted any relief from the controversial National Social Responsibility Levy (NSRL). Thursday, Chairman of the Barbados Private Sector Association (BPSA) Charles Herbert confirmed that he had received written confirmation from the Office of the Prime Minister of the date for […]

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No NSRL fallout

One popular local retail store is reporting that it has been business as usual so far for the company, following the July 1 hike of the National Social Responsibility Levy (NSRL) from two per cent to ten per cent. Trisha Tannis, the managing director of Unicomer Barbados Limited, formerly known as Courts Barbados, reported Thursday […]

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Credit ratings are important, warns Ram

One of the region’s leading economic growth and development partners is pleading with the Freundel Stuart administration and other regional leaders to make it easier for the private sector to invest and do business. Director of Economics at the Caribbean Development Bank (CDB) Dr Justin Ram warned that unless governments put the necessary policies in […]

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Off course

  A well-respected regional tourism expert is describing as dumb, some of the crucial strategies being adopted by Barbadian and Caribbean tourism policymakers. In a forthright address to Barbadian hoteliers this morning, Principal Partner in the Bedford Baker Group Vincent Vanderpool-Wallace pulled no punches as he accused regional governments of not understanding what tourism was […]

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RBC to close Six Roads branch

RBC Royal Bank is closing its Six Roads, St Philip branch, transferring the services to the Broad Street, Bridgetown branch.    Managing Director Robert de Silva told Barbados TODAY in a statement via email that the decision was taken to merge the two branches “after careful consideration” and “as part of managing our business”. It […]

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Credit bureau nearly a reality – bankers body

Barbadians could soon get to check their credit scores, with the Barbados Bankers’ Association (BBA) announcing that the long-awaited credit bureau was one step closer to becoming a reality. However, as the BBA mulls over which international provider will get the proposed contract, the Barbados-based Caribbean Credit Bureau (CCB) Limited has raised an objection, saying […]

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Rip off

Retail stores and supermarkets here are ripping off Barbadians by setting unreasonably high markups using formulas that are unclear to the authorities, Minister of Health John Boyce is suggesting. Speaking in Parliament Tuesday on a motion moved by the Opposition Barbados Labour Party (BLP) on the turbulence surrounding the National Social Responsibility Levy (NSRL), Boyce […]

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Stop the fighting!

In a stern rebuke of the Social Partners, Minister of Commerce, International Business, Industry and Small Business Development Donville Inniss has called on Government, the labour movement and the private sector to stop quarrelling and get to work to fix the economy. And in what appears to be a direct message to Prime Minister Freundel […]

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Cable & Wireless quitting Barbados Stock Exchange

Telecommunications company Cable & Wireless West Indies (CWWI) is quitting the insufficiently active Barbados Stock Exchange (BSE), following a proposal for the takeover of the remaining shares of Cable & Wireless (Barbados) Limited. Cable & Wireless Barbados is a subsidiary of CWWI, which is in turn a subsidiary of Cable & Wireless Communications Limited (CWC). […]

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Talk to people, CDB official tells regional leaders

In what could be seen as a speech crafted to address the current industrial relations and fiscal challenges facing Barbados, one of the region’s leading financial institutions is warning that stakeholder engagement is critical “if any economic policy is to work”. A day after the leading trade unions and the private sector attracted an estimated […]

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Tax break

A day after thousands marched through the streets of The City in protest of Government’s failure to hold dialogue on the recently increased National Social Responsibility Levy (NSRL), Minister of Finance Chris Sinckler Tuesday approved tax relief of a different kind. Monday’s massive demonstration was led by the private sector and the island’s four major […]

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Private sector not pleased with Prime Minister

While expressing disappointment that Prime Minister Freundel Stuart did not seem willing to give in to demands for a meeting with the Social Partnership, business executives are hoping Monday’s march, which attracted an estimated 20,000 Barbadians, would cause Government to take note. The private sector officials who took time from work Monday to join the […]

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Not true

Chairman of the Barbados Private Sector Association (BPSA) Charles Herbert has flatly rejected suggestions that the business community had threatened social unrest if Prime Minister Freundel Stuart did not hold talks with the unions and the private sector ahead of a scheduled August 18 meeting of the Social Partnership. Speaking at a luncheon of the […]

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Abeds remains open amid protest

On a day when several Bridgetown businesses shut their doors temporarily to allow their workers to participate in the march against Government’s austerity measures, one of the leaders of the private sector went against the norm. The fabric store Abed’s, owned by President of the Barbados Chamber of Commerce and Industry (BCCI) Eddy Abed, remained […]

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Only 1,300 layoffs since 2013 – Jones reveals

Minister of Education Ronald Jones has revealed what he says has been a state secret in terms of the number of workers that were actually sent home by the Freundel Stuart administration as part of spending cuts announced back in 2013. Back in March this year, the General Secretary of the National Union of Public […]

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Barbadian launches Caribbean equivalent of Facebook

Facebook, Twitter, and other social media websites have become a way of life for people all over the world over the last decade, but has anyone ever considered “localizing” them to suit the needs of their own section of the globe? That is what drove Barbadian graphic artist and web designer, Daniel De Souza, to come […]

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Bar owners watching NSRL

Some bar owners across the island are still playing a wait-and-see game to determine whether their liquor prices will go up this Crop Over season as a result of the recent increase in the National Social Responsibility Levy (NSRL) and other tax measures. Banks Breweries reportedly implemented increases in its products from as early as […]

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