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    November 21

  • 01:06 PM

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China shopping festival smashes record with $25 billion haul

12 November 2017

SHANGHAI – Alibaba, the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Once a celebration for China’s lonely hearts,... Read More

nicholas-mouttet

Ansa McAL links two brands

10 November 2017

ANSA Coatings Limited has consolidated Berger and Sissons operations in Barbados. An announcement from ANSA McAL yesterday said it had immediately closed the Sissons store at Observatory Road, Wildey. The ANSA McAL Group recently acquired Berger Paints in the... Read More

donville-inniss

Inniss: Economic model outdated

09 November 2017

Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, believes Barbados’ economic model is outdated, though it has served the country well. Addressing the Institute of Chartered Accountants of Barbados’ (ICAB) Student... Read More

treasurybuilding

Tax amnesty to end on November 30

08 November 2017

The Barbados Revenue Authority has reminded individuals and businesses that this year’s Tax Amnesty Programme ends on Thursday, November 30. This amnesty covers arrears incurred up to May 31, 2017. The taxes eligible for the waiver of penalty and interest under the... Read More

bitcoin

Bitcoin surges to new high on reports software 'fork' suspended

08 November 2017

LONDON – Bitcoin surged by ten per cent on Wednesday to hit an all-time high just shy of $8 000 after online reports that an upgrade to the cryptocurrency’s software planned for next Thursday had been suspended. Bitcoin experts cited a statement on the Linux Foundation... Read More

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BTMI reports stellar 2017 at media breakfast in London

03 November 2017

Chief executive officer of the Barbados Tourism Marketing Inc. (BTMI), William “Billy” Griffith has been giving the international media an update on the performance of the tourism sector. During his presentation at an intimate media breakfast at Balthazar in Covent... Read More

paul-hynam-and-peter-hynam

Barn’s costs up by 12.3 %

03 November 2017

Cost gone up, but prices, not yet. This is the word from director of the Chicken Barn restaurants, Paul Hynam, who said last month the chain recorded a 12.3 per cent increase in the cost of doing business. He attributed the increase to the adjustment of the National... Read More

petra-roach

Barbados wins bid to host 2018 Society of American Travel Writers Convention

02 November 2017

PORTLAND, Oregon – Today, the Society of American Travel Writers (SATW) has selected the island of Barbados as the host destination for its 2018 annual convention. This is the first time that any Caribbean nation has been selected as the convention host destination.... Read More

barbados-light-power-bl-p

NOT FAIR

02 November 2017

BARBADOS LIGHT POWER COMPANY’s (BL&P) latest public hearing has sparked a controversy involving intervenors and the Fair Trading Commission (FTC). The electricity company recently applied to the utility regulator for approval to recover the costs associated with... Read More

freundel-stuart-and-us-officials

Stuart: Barbados is a clean, low tax jurisdiction

01 November 2017

Barbados is a clean, well regulated, low tax jurisdiction and not a tax haven! This was Prime Minister Freundel Stuart’s firm message when a delegation from the United States of America, including chief aides and policy advisors to Congressional Members Elliot Engel... Read More

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Facebook profit trounces estimates as ad sales rise

01 November 2017

Facebook Inc. reported better-than-expected quarterly profit and revenue on Wednesday as it pushed further into video advertising in a quarter dominated by reports that Russia allegedly used the social network to meddle in the 2016 United States elections. The company’s... Read More

hugh-riley

Hurricane damage significantly impacts Caribbean tourism

01 November 2017

BRIDGETOWN – The region is observing Caribbean Tourism Month in November amid the “significant” economic impact caused by the passage of Hurricanes Irma and Maria through the Lesser Antilles last month Secretary-General of the Barbados-based Caribbean Tourism Organization... Read More

winston-bennett

Barbados seeking to access climate finance

01 November 2017

Billions of dollars have been pledged for climate finance through the Paris Climate Agreement, and Barbados is seeking to capitalise on some of those funds. To this end, the Economic Affairs Division has requested and received support to enhance the skills and expertise... Read More

centralbankbuilding

Economy grows but foreign reserves fall further

31 October 2017

The Barbados economy grew by an estimated 1.4 per cent over the first nine months of this year but the foreign reserves have taken another hit. This was among the information contained in the Central Bank of Barbados’ Economic Review for the January to September... Read More

butterfield

Butterfield to acquire Deutsche Bank’s GTS business

28 October 2017

HAMILTON, Bermuda – Bermuda-based Butterfield Bank has announced it is to acquire Deutsche Bank’s Global Trust Solutions (GTS) business, excluding its operations in the United States. Terms of the agreement – which will give the bank a foothold in Singapore – have... Read More

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Oil up 2 per cent, Brent hits $60 per barrel on support for extending curbs

28 October 2017

NEW YORK – Oil prices jumped about 2 per cent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world’s top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks. Saudi Arabia... Read More

paolo-serpi

Barbados/Italian Republic DTA enters into force

27 October 2017

The Double Taxation Agreement (DTA) between the Government of Barbados and the Italian Republic has entered into force in accordance with Article 30 of the Agreement. The instruments of ratification for the Convention for the Avoidance of Double Taxation with Respect... Read More

viking-sea

Viking Sea makes inaugural visit to Barbados 

26 October 2017

Barbados Port Inc. (BPI) yesterday officially welcomed Viking Sea, from Viking Ocean Cruises, at the Bridgetown Port during an inaugural ceremony onboard the vessel. This vessel’s visit will no doubt be a boost for the local cruise industry, which has for the last... Read More

map-of-grenada

Grenada government defends use of extra revenue for capital projects

26 October 2017

ST GEORGE’S – The Grenada government Tuesday defended its decision to use surplus revenue for development projects here as well as “for all government financial obligations”. Works Minister Gregory Bowen speaking at the end of the weekly Cabinet meeting here, said... Read More

imex-america

Another successful IMEX America for BHTA members and Barbados

24 October 2017

Members of the Barbados Hotel and Tourism Association (BHTA) recently returned from a successful showing at IMEX 2017, America’s largest worldwide exhibition for incentive, travel, meetings and events. The Barbados contingent, which included BHTA member hoteliers... Read More

carilec-2

Record breaking disaster response by CARILEC members

24 October 2017

CASTRIES – The Caribbean Electric Utility Services Corporation (CARILEC) Disaster Assistance Programme (CDAP) for disaster relief and electricity restoration has been in full action during the very active 2017 Atlantic hurricane season. Thus far the secretariat has... Read More

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