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    January 24

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chris-sinckler-budget

Cabinet approves Barbados Sustainable Recovery Plan

17 January 2018

Cabinet has approved the Barbados Sustainable Recovery Plan, which is expected to be laid in Parliament shortly. This disclosure has come from Minister of Finance and Economic Affairs, Christopher Sinckler, who said there were just one or two consultative things... Read More

cdb-outlook-waren-smith

Grenada to host CDB's 48th Annual Meeting

16 January 2018

BRIDGETOWN – Grenada will host the 48th Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB), which is scheduled to take place on May 30 and 31, 2018. The programme for this year’s meeting will focus on resilience, against the backdrop... Read More

bitcoin

Bitcoin slides 18 per cent on crackdown fears; crypto rivals also plunge

16 January 2018

LONDON – Bitcoin tumbled 18 per cent on Tuesday to a four-week trough close to $11 000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown. Bitcoin’s slide triggered a massive... Read More

huawei

US lawmakers urge AT&T to cut commercial ties with Huawei

16 January 2018

WASHINGTON – US lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the US market because of national security concerns, two... Read More

atilola-harper

BTMI announces new senior director

16 January 2018

The new year brings a new face to the Barbados Tourism Marketing Inc. (BTMI) as the organisation fills one of its top positions – senior director, support services. Atilola Harper, a seasoned Certified Public Accountant and fellow of the Institute of Chartered Accountants... Read More

rojer-inglis

LIAT appoints new chief financial officer

12 January 2018

ST JOHN’S – LIAT, The Caribbean Airline has announced the appointment of Rojer Inglis as chief financial officer. He replaces Julie Reifer-Jones who assumed the office of chief executive officer in 2017. Prior to joining LIAT (1974) Ltd, Inglis was the chief financial... Read More

june-fowler

ResLife takes Clico portfolio

12 January 2018

Barbadian policyholders have finally seen the back of CLICO. And their representative body, Barbados Investors and Policyholders Alliance (BIPA), has eagerly welcomed the news that Resolution Life Assurance Company Ltd (ResLife) now controls the Barbados-based life... Read More

donald-trump-100817

Canada increasingly convinced Trump will pull out of NAFTA

11 January 2018

LONDON, Ontario – Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Mexican currencies lower and hurting stocks. The comments... Read More

seaborne-airlines

Seaborne Airlines to be sold to US carrier

10 January 2018

SAN JUAN – The Puerto Rico based Seaborne Airlines is being sold to US carrier Silver Airways. Seaborne, which operates flights across the eastern Caribbean, is being sold because of financial strain caused by Hurricanes Irma and Maria. The airline says most of... Read More

passport-stamps

Hurricane-hit Caribbean countries slash cost of Citizenship by investment, says report

06 January 2018

NEW YORK – Caribbean nations ravaged by recent hurricanes are selling citizenship at dramatically discounted prices in an effort to raise emergency funds, sparking concerns that the programmes may be vulnerable to abuse, according to reports here. Past scandals involving... Read More

cancer-walk-100217

Sixth CIBC FirstCaribbean Walk for the Cure raises over US$450 000 across region

05 January 2018

BRIDGETOWN – Two devastating hurricanes slowed down but could not derail the fundraising momentum of the region’s largest cancer care and awareness event. Hurricanes Irma and Maria curtailed fundraising activities and caused the cancellation of walks in five of 17... Read More

gavel-630

Cable & Wireless Jamaica plans to fight shareholder lawsuit

04 January 2018

Cable & Wireless Jamaica Limited (CWJ), says it intends to vigorously oppose an application made by one of its shareholders seeking permission from the Supreme Court here to file a derivative action in a court in Florida. Eric Jason Abrahams is seeking permission... Read More

trader-wears-25000-cap

Trump bump pushes Dow Jones above 25,000

04 January 2018

The Dow Jones Industrial Average broke above the 25,000 level for the first time on Thursday and other major indexes scaled new records, propelled by strong U.S. private jobs numbers that added to a stream of robust economic data from across the world. The 30-member... Read More

nicholas-jordan

Sandals Barbados and Sandals Royal appoint new hotel operations manager

04 January 2018

Sandals Barbados and Sandals Royal Barbados have appointed a new hotel operations manager. He is Barbadian Nicholas Jordan who was promoted to the position on January 1. The 33 year-old, who previously held the post of environmental health and safety (EHS) manager... Read More

mexico-prices-010418

Tortilla, gasoline prices unnerve Mexicans as election year begins

04 January 2018

MEXICO CITY – Mexico’s government on Wednesday denounced forecast price hikes by fuel retailers and tortilla makers, saying increases were unjustified as it sought to allay public concern about high inflation at the start of a presidential election year. Prices for... Read More

nutramix-logo-out

Nutramix signs major cattle semen deal

03 January 2018

Nutramix has inked a deal with American firm Select Sires under which the Jamaican company will distribute highly fertile, superior genetics for cattle across the island and the throughout the Caribbean. Yesterday, Nutramix pointed out that while it started distribution... Read More

grand-bahama-emera

Emera Caribbean acquires Bahamas electricity company

03 January 2018

NASSAU – The Bahamas government says it has approved a 100 per cent ownership of the Grand Bahama Power & Light Company Limited (GBPL), by Emera Caribbean Holdings Limited (ECHL). ECHL, the wholly owned subsidiary of the Canadian-based Emera, is the parent company... Read More

nyse

Wall Street set to rise on global growth signs

03 January 2018

Wall Street was set to open higher on Wednesday as signs of faster global growth around the world added to upbeat investor sentiment following a US tax overhaul. US stocks kicked off 2018 on a strong note on Tuesday, with the S&P 500 and the Nasdaq closing at record... Read More

oildrip

Oil prices close to mid-2015 highs, but doubts over further rises loom

03 January 2018

SINGAPORE − Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and on-going efforts led by OPEC and Russia to curb production tightened the market. US West Texas Intermediate crude futures CLc1 were at $60.40... Read More

roberto-bosio-and-fernella-cordle

Costa Pacifica makes inaugural call

28 December 2017

BRIDGETOWN – The arrival of Costa Pacifica, one cruise liner in Costa’s fleet of 12, was marked on December 19 by an inaugural ceremony and plaque exchange between the ship’s captain Roberto Bosio and assistant manager, port security services, Lieutenant Commander Fernella... Read More

cleviston-haynes

New Central Bank Governor appointed

28 December 2017

Cleviston Haynes has been appointed as Governor of the Central Bank of Barbados. Minister of Finance and Economic Affairs, Christopher Sinckler, pursuant to the powers vested in him under Section 11 (1) of the Central Bank of Barbados Act CAP 323C of the Laws of... Read More

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