barbadosmoney

How to spot fake money

03 May 2017

WITH A REPORTED SURGE in counterfeit currency notes in circulation in Barbados, the public should be aware of certain characteristic features of legitimate notes issued by the Central Bank of Barbados. In Monday’s DAILY NATION, public affairs officer at the bank,... Read More

rudy-grant-and-rosanne-myers

Call for standards on leased rooms

27 April 2017

THE TIME HAS come for visitor accommodation in private homes and similar privately-run tourism services to be regulated. Chairman of the Barbados Hotel and Tourism Association (BHTA), Roseanne Myers, made the point yesterday while noting that the non-traditional... Read More

fortressfundmanagers

Investors bracing for losses

27 April 2017

BARBADOS’ BIGGEST MUTUAL fund says it is preparing for “investor losses” when Barbados restructures its debt. Fortress Fund Managers Ltd has told investors in its Caribbean High Interest Fund this, citing the country’s low credit rating, the dismissal of Central... Read More

anne-reid

‘Urgent’ meeting

19 April 2017

THE ENTIRE PRIVATE SECTOR of Barbados is being called out with a “sense of urgency” to address this country’s burgeoning economic problems. Barbados needs to adopt a renewed effort to “keep our economy on track”, says Barbados Private Sector Association (BPSA) chief... Read More

Marla Dukharan

IMF ‘SOON’

18 April 2017

DESPITE GOVERNMENT’S PUBLIC REJECTION of an International Monetary Fund (IMF) programme, a regional economist says one is bound to come sooner rather than later. Royal Bank of Canada’s (RBC) group economist Marla Dukharan made the prediction as she offered her outlook... Read More

beach-full002

Barbados slips in tourism ranking

17 April 2017

BARBADOS HAS LOST some of its travel and tourism competitiveness. However, it remains the highest ranked destination in the English-speaking Caribbean. That’s based on the 2017 edition of the World Economic Forum’s (WEF) The Travel Tourism Competitiveness Report.... Read More

nationnewsway

C&W, Digicel deny talk of merger

13 April 2017

TELECOMMUNICATIONS COMPETITORS Cable Wireless and Digicel have dismissed reports that they are to become one under the ownership of international cable TV giant Liberty Global. The information was also rejected by Minister of Commerce Donville Inniss, who is responsible... Read More

judeen-scantlebury-and-anthony-stice

Bajans in line for Carnival jobs

12 April 2017

MORE BARBADIANS are set to get jobs on the Carnival cruise line. Carnival’s director of beverage training and development, Anthony Stice, is in Barbados conducting interviews with Barbadians and other applicants from the Caribbean seeking to work on the high seas.... Read More

nationnewsway

Shareholders okay sale of rum distillery

07 April 2017

WEST INDIES RUM DISTILLERY Limited (WIRD) shareholders have accepted the offer from the French-owned subsidiary United Caribbean Rum Limited (UCRL), to purchase all the outstanding shares in the local rum company. West Indies Rum Distillery Limited is the manufacturer... Read More

ocm-logo

OCM profit margin declines

06 April 2017

ONE CARIBBEAN MEDIA (OCM) has recorded a profit before tax of TT$86.5 million (US$12.8 million) for its financial year ended December 31, 2016. OCM, with its headquarters in Port of Spain, is the parent company of The Nation Corporation which publishes the NATION... Read More

rubis-fontabelle-opens

Rubis’ market share growing

06 April 2017

RUBIS BARBADOS says it is continuing to increase its market share. Chief executive officer of Rubis West Indies Ltd, Mauricio Nicholls, said their retail share of the local petrol market had grown significantly in the six years the company had been in Barbados. ... Read More

sunil-chatrani

Elegant Group moves to acquire Treasure Beach in Barbados

03 April 2017

ELEGANT HOTELS GROUP PLC has announced that it has entered into a conditional agreement to acquire Treasure Beach Limited, which owns the 4-star, 35-room Treasure Beach Hotel in Paynes Bay, St. James. CEO of Elegant Sunil Chatrani, said the agreement was signed last... Read More

waltermaloneynupw

Employers ‘had their say’ on act

03 April 2017

YOU HAD YOUR CHANCE! That’s the swift comeback from veteran trade unionist and former president of the National Union of Public Workers (NUPW), Walter Maloney, to those employers’ representatives who in the past week complained about the Employment Rights Act being... Read More

reginald-farley

Farley: ICAB thinking ahead

03 April 2017

THE INSTITUTE OF Chartered Accountants (ICAB) of Barbados isn’t waiting for disgruntled customers to start making complaints against the actions of its membership. Instead, ICAB has established three separate committees aimed at providing transparency and protection,... Read More

goulbourne-alleyne

ICBL offering packages as cuts loom

27 March 2017

CHANGES IN THE STAFF composition of the Insurance Corporation of Barbados Limited (ICBL) will soon be seen, as the company looks to streamline its operations and improve its overall efficiency. According to acting CEO Goulbourne Alleyne, these changes are being... Read More

jenson-sylvester

Flow launches 4G LTE

24 March 2017

BRIDGETOWN – Barbados is now flowing with 4G LTE technology. In yet another first, leading telecommunications provider Flow has officially switched on its Long Term Evolution (LTE) network, a move that ushers in the fourth generation mobile technology across the... Read More

garry-sinclair

C&W: Time to end unfair system

23 March 2017

CABLE WIRELESS (C) is prepared to continue its major investments in Barbados but wants the current “unfair”and “anachronistic” regulatory environment modernised. Garry Sinclair, the new head of C’s Caribbean business, said “the regulation based solely on the fact... Read More

sandals-royal

Sandals goes Royal

20 March 2017

CHRIST CHURCH is getting a pair of Sandals. What started out as major expansion of its existing hotel at Dover has become the construction of a new luxury property to be called Sandals Royal Barbados, which is scheduled to open on December 20. The project is expected... Read More

massy-meeting-union

Some Massy staff may go home

17 March 2017

MANAGEMENT of Massy Stores met with the Barbados Workers’ Union yesterday to discuss temporary lay-offs as a result of the ongoing reconstruction of the Holetown branch. The meeting began around 10 a.m., and following a break for lunch, resumed around 12:30 p.m.... Read More

hyatt-clearing

Clearing way for Hyatt

16 March 2017

IT LOOKS LIKE all systems are go for the much debated and highly controversial Hyatt Hotel along lower Bay Street, St Michael. Workmen were on site yesterday apparently clearing the land in preparation for construction. Since news of a proposal for the 15-storey... Read More

rudy-grant

Hotel upgrades coming

09 March 2017

AS BARBADOS CONTINUES to sharpen its competitiveness in the tourism industry, a number of hotels will embark on building up room capacity over the coming year. This is coming from Barbados Hotel and Tourism Association (BHTA) chief executive officer Rudy Grant, as... Read More

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