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BRA advises third party providers to update filing schema

28 February 2017

THE BARBADOS REVENUE AUTHORITY (BRA) is advising all third-party information providers that the facilities for filing web forms and uploading files to the Authority’s database are ready for use, and an updated XML Schema for 2016 filing is available for download from... Read More

dr-prosper-bangwayo-skeete

Community drive ‘can push bank ratings’

24 February 2017

CUSTOMERS OF COMMERCIAL banks seemingly care far more about the financial institutions living up to their corporate social responsibilities than about high charges and fees, a new survey has found. The study of Corporate Social Responsibility and Customer Satisfaction... Read More

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Digicel cutting global workforce

23 February 2017

MORE THAN 1 500 PEOPLE, including some Barbadians, are expected to lose their jobs as Digicel restructures and cuts a quarter of its global workforce in the next year and a half. The communications company, which completed a voluntary separation programme in March... Read More

stacia-howard

Cut spending ‘now’

21 February 2017

GOVERNMENT’S FINANCES are in such bad shape, the Freundel Stuart administration needs to bite the bullet and slash its spending now. It should start by reducing funding to state-owned enterprises and cutting the public sector wages bill, says former Central Bank... Read More

neville-boxill

Boxill takes up role at GAIA

20 February 2017

A DEPUTY CHIEF executive officer has been appointed at the Grantley Adams International. Neville Boxill, a former deputy CEO at Barbados Tourism Marketing Inc. assumed duties on February 1. Minister of Tourism Richard Sealy said it was necessary to create the... Read More

justin-ram

CDB urges regional governments to act now

20 February 2017

BRIDGETOWN – The Caribbean Development Bank (CDB) is projecting that the region will experience economic growth of approximately 1.7 per cent in 2017. However, CDB Director of Economics, Dr Justin Ram, warns that this will not be enough to stimulate employment, particularly... Read More

bernieweatherhead

Weatherhead buys Time Out At The Gap

20 February 2017

TIME OUT AT THE GAP, which was part of the controversial Gems Project, has been sold. Minister of Tourism Richard Sealy made the announcement moments ago at his annual press conference, which is ongoing at the Lloyd Erskine Sandiford Centre. Sealy revealed the... Read More

hotelpommarine

PomMarine in need of more occupancy

20 February 2017

BARBADIANS are being encouraged to patronise the Hotel PomMarine to give hospitality students an opportunity to discover the world of work. The hotel is the heart of the Hospitality Institute of the Barbados Community College. Acting principal Deborah Trotman... Read More

john-tamny

Devaluation ‘always a negative’

17 February 2017

“DEVALUATION NEVER WORKS!” That is the caution coming from an internationally recognised economist, who believes that Barbados should not even be contemplating devaluing its dollar. John Tammy, a political economy editor at Forbes, has advised that the country... Read More

chris-sinckler

E-window ready to roll

16 February 2017

THE BARBADOS ELECTRONIC Single Window (BESW) will facilitate more than 190 forms in an online setting, which were previously submitted manually. That is one of the many benefits expected from the system, which was officially launched at the Lloyd Erskine Sandiford... Read More

bpsa

FULL STATEMENT: Barbados Private Sector Association on the economy

15 February 2017

LAST WEEK, the Barbados Private Sector Association issued a statement on the Barbados economy. In addition to identifying the problems affecting the sector, the statement also offered short-term solutions and long-term goals. Click here to read the full BPSA statement... Read More

waves-hotel

Waves dismissal matter at standstill

15 February 2017

THE EMPLOYMENT RIGHTS TRIBUNAL (ERT) case brought by a former hotel worker remains in limbo as parties seek to find the rightful defendant in the wake of the hotel’s closure. Former night auditor/security officer at Waves Hotel and Spa, Wendell Storey, had accused... Read More

omar-gadbsy

Keep options open

10 February 2017

THE BARBADOS ECONOMY is at the point where all options should be on the table. The advice is coming from Barbadian Omar Gadsby, who is a high-ranking official of the international bank Credit Suisse where he oversees US$50 billion in bond mutual fund assets of the... Read More

ralph-bizzy-williams

‘Not fair’

09 February 2017

UNFAIR. That is how business magnate Ralph “Bizzy” Williams has reacted to yesterday’s news the Canadian-based Deltro Group had been given approval from the Town and Country Planning Department to operate a solar panel manufacturing plant on the Trans-Tech site at... Read More

coconut-vendor

‘Reckless’ with reserves

07 February 2017

CHIEF EXECUTIVE OFFICER of the Barbados Agricultural Society (BAS), James Paul, is throwing cold water on a local company bringing in hundreds of cases of coconut water into the island. An upset Paul said yesterday that some businesses which took up large chunks... Read More

caribbee-hotel

Caribbee ‘better off torn down’

07 February 2017

THERE ARE FEARS the unoccupied Caribbee Hotel on Hastings Main Road, Christ Church, could become a security risk for people walking along that section of the Richard Haynes Boardwalk. The property, owned by businessman Elias Haloute has been on the real estate market... Read More

avinash-persaud-2014

Barbados bonds in distress

02 February 2017

GOVERNMENT’S FAILURE to tighten its belt and allay concerns about the value of the Barbados dollar has left the international market fearful about the island’s bonds. Barbadian economist and financial analyst Professor Avinash Persaud issued that warning from London... Read More

delisle-worrell

Debt burden despite growth

25 January 2017

NOT EVEN 1.6 PER CENT economic growth last year was enough to loosen the vice grip of high debt and weakening foreign earnings now burdening the Barbados economy. In his economic report for 2016, Governor of the Central Bank Dr DeLisle Worrell yesterday admitted... Read More

centralbankbuilding

Central Bank reports 1.6 per cent growth in 2016

24 January 2017

THE CENTRAL BANK of Barbados says the economy grew by 1.6 per cent in 2016 and expansion of two per cent is expected for the next five years. In its review of the economy which was released today, the bank attributed the growth to “investments made to reinforce Barbados’... Read More

imf09

IMF to declare hand in April

24 January 2017

THE CENTRAL BANK will give its latest report card on the Barbados economy today, but Barbadians have to wait until April for the International Monetary Fund (IMF) to reveal its hand. Yesterday, without mentioning Barbados by name, director of the IMF’s Western Hemisphere... Read More

logo-sol

Double take

20 January 2017

WHEN THE BARBADOS National Terminal Company Limited (BNTCL) is sold Government is expected to rake in more than double what was speculated as the sale price. Reliable sources informed the WEEKEND NATION that Sol, owned by Barbadian business mogul Sir Kyffin Simpson,... Read More

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