The island’s sole electricity provider has defended its decision to ask for a rate increase, insisting that it urgently needs the money to execute projects that are crucial to providing …
Business
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The Barbados Light and Power Company (BLPC) will be able to exclude information it deems confidential or unnecessary to determining if consumers should pay more for electricity, in its upcoming …
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Governor of the Central Bank of Barbados Cleviston Haynes says that officials were looking at the possibility of easing “restrictions” on how much pension funds could be invested overseas. He …
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Locals being trained to construct low-income housing that will be provided under a partnership between the National Housing Corporation (NHC) and Guyanese manufacturer Duravilla are expected to be able to …
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Barbadian businesses are being urged to look for opportunities in Kenya from which they can increase revenue. High Commissioner of Barbados to Kenya Ambassador Alex McDonald told a lunchtime meeting …
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The International Monetary Fund (IMF) says the economies of Latin America and the Caribbean have continued their strong post-pandemic rebound, but “the winds are shifting” as global financial conditions tighten, …
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The Barbados Revenue Authority advises that distribution of the Land Tax Bills for the financial year 2022-2023 will begin in August. These bills will bear an issue date of August …
- BusinessLocal NewsNews
Unions insist on possible ‘double-digit’ increases, despite caution from Central Bank Governor
The island’s umbrella trade union body and a major teacher’s union are adamant that public officers must be given salary and wage increases this year, despite the Central Bank’s recommendation …
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Two weeks after Prime Minister Mia Mottley mandated Governor of the Central Bank Cleviston Haynes to investigate the issue of bank fees, there is still no clear indication yet as …
- BusinessLocal NewsNews
Gov’t hoping to craft new bond issue to whet investors’ appetite and boost confidence
The proposed Barbados Optional Savings Scheme (BOSS) Plus investment bonds could be rolled out by the end of August with a special configuration that officials hope will help to boost …