Int'l Business Archives - Barbados Today

Category: Int’l Business

Economy moving in the right direction but there is still cause for concern, opposition says

Opposition spokesman on International Business and Trade, Manufacturing and Commerce Bruce Hennis says the Barbados economy is moving in the right direction, but he said there is still cause for concern. Hennis was responding to the latest report issued by the Central Bank of Barbados (CCB). “What we have found was that the economic performance […]

Still no ease

The international business sector has identified a number of areas that must be addressed if Barbados is to maintain a strong international business presence. In his final message for the year, President of the Barbados International Business Association (BIBA) Gregory McConnie said perhaps the most pressing issue in 2016 for the sector was addressing the […]

‘Blacklisting hurting development’

Government is being forced to sacrifice developmental projects in order to save the island’s international business reputation, a senior administration spokesman has revealed. Acting Minister of International Business Senator Jepter Ince said Monday night the international business and financial services sector was being threatened by “indiscriminate blacklisting” by international agencies, leaving Government with little option but […]

Muhammad Ali died from "septic shock"

The Family of boxing legend Muhammad Ali has revealed that he died from “septic shock due to unspecified natural causes.” The three-time world heavyweight champion died on Friday night. He was 74. He had been suffering from a respiratory illness, a condition that was complicated by Parkinson’s disease. A public funeral will be held on […]

Inniss not losing any sleep over latest Panama Papers leak

Minister of International Business Donville Inniss says the Panama Papers leak was yet to reveal any wrongdoing on the part of players in the island’s international business sector. Inniss therefore wants to know “what’s the big deal”, following the release two days ago of a database detailing the names of people and companies. “Nothing thus far […]

International business sector safe

There is no exodus of businesses from Barbados. Furthermore, the future of the international business sector is secure. This assurance has come from president of the Barbados International Business Association (BIBA) Connie Smith, who said today there was confidence in the sector despite the economic uncertainty or “continued name bashing” globally. “We are not seeing […]

Barbados tops Canada’s international revenue rankings

Barbados is Canada’s number one source of revenue from international financial centres worldwide and its third largest jurisdiction for total foreign direct investment. Those findings, contained in a new Canadian-based scientific study, were presented this morning to a World Forum On International Financial Centres In A Borderless Digital Environment at the Hilton Barbados Resort. Associate […]

PM ready to fight global regulators

Prime Minister Freundel Stuart has served notice of his Government’s intention to fight powerful global regulators on any “unfair” standards they try to impose on Barbados as an international financial centre (IFC). He stoutly defended Barbados as an IFC destination of choice, as recognised by business leaders and industry experts, when he opened an international […]

Abrahams supports business bill

Opposition Senator Wilfred Abrahams believes that any action to enhance the international business sector should be supported by people on both sides of the political divide. Abrahams expressed that view in the Senate today as he gave his support to the International Business (Miscellaneous Provisions) Bill 2014 which would reform the law relating to international societies […]

Inniss’ vow

Government has vowed to continue its rigorous defence of the Barbados’ international business sector in the face of changing policies by the Organisation for Economic Cooperation and Development (OECD) and developed countries. Minister responsible for the sector Donville Inniss made the assertion in the House of Assembly yesterday as he accused the OECD of persistently […]

Marshall wants new law

Opposition MP Dale Marshall is suggesting the Government introduces a new Limited Partnerships Bill to Parliament. Marshall, who was contributing to the debate on the International Business (Miscellaneous Provisions) Bill in the House of Assembly this evening, suggested that if the Government intended to enact any new legislation that brought international business to Barbados, he […]

Changes coming to IB sector

Government has moved to grant indefinite licences to operators of international businesses, while at the same time introducing a new fee structure. The changes would take effect with the proclamation of the International Business (Miscellaneous Provisions) Act, which was passed in the House of Assembly this evening. Mover of the Bill, Minister of International Trade […]

RBC makes investments hire in Bim

RBC Wealth Management, part of Royal Bank of Canada, today announced the appointment of Blair Falconer as the Head of Discretionary Portfolio Management based in Barbados. In this role, Falconer leads a team of portfolio managers who are responsible for building and delivering discretionary investment portfolios as part of RBC Wealth Management’s integrated wealth solutions […]

Two trade missions to Canada for direct investment

As part of Barbados’ strategy to attract foreign direct investment to the island, Government officials will undertake two trade missions to Canada this week and next week. The first, to Halifax, will begin tomorrow and last through Friday while the second trade mission to Prince Edward Island (PEI) and Nova Scotia will take place from Saturday […]

Mount Gay pouring more into Barbados

Despite depressed economic conditions and less than favourable sales of rum locally, managing director of Mount Gay Distilleries Limited, Raphael Grisoni, is pledging continued investment in the operations here. He said the company will continue to expand the brand as it seeks to increase export. The company recorded a 14 per cent increase in overall […]

New online shopping database

Barbadians now have the opportunity to make more informed decisions when it comes to shopping. They can now keep track of and compare the prices of more than 300 items at various supermarkets and work out the possible cost of fuel to get to the desired location. And they’ll be able to do it all […]

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