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    November 19

  • 10:30 AM

cibcfirstcaribbean

CIBC FirstCaribbean’s Anguilla operations to close

12 September 2018

CIBC FirstCaribbean International Bank today announced that it has taken a decision to close its Anguilla office early in the new year. Managing Director of Barbados and the EC Islands, under which the Anguilla business falls, Donna Wellington, noted: “We conducted... Read More

cost-u-less-082717

Economy major Cost-U-Less worry

09 September 2018

Warehouse retailer Cost-U-Less is feeling the pinch from Barbados’ economic recession and increased competition. The Welches, St Thomas store, owned by Canada’s The North West Company, was criticised after receiving generous concessions from the last administration,... Read More

elon-musk

Tesla shares reel as executives quit and CEO smokes pot on webcast

08 September 2018

Tesla Inc. chief executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behaviour and executive departures that have... Read More

colette-delaney-090718

FirstCaribbean appoints new CEO

07 September 2018

Regional financial services institution, CIBC FirstCaribbean International Bank, has announced the appointment of Colette Delaney as its new Chief Executive Officer. Delaney, whose appointment becomes effective on November 1, succeeds Gary Brown, who retires on October... Read More

airlinepricefixingthom

British Airways investigating customer data breach

06 September 2018

International Airlines Group said on Thursday that its subsidiary British Airways was investigating a customer data breach on the British Airways website and mobile application. The breach compromised personal and financial details of customers making bookings on... Read More

fay-cooke-nurse

New IABC Barbados president challenges membership to guard against irrelevance

02 September 2018

Fay Cooke-Nurse, new president of the International Association of Business Communicators (IABC) Barbados Chapter, is encouraging communications professionals to guard against irrelevance in a world where “change is the new norm”. Cooke-Nurse takes over from Deborah... Read More

irma-adams

CIBC FirstCaribbean hosts dollar drive

02 September 2018

Friday August 31was Pink Ribbon Dollar Drive Day at CIBC First Caribbean International Bank. Clients of the bank witnessed large pink ribbons on display at the various branches of the bank and were invited to lay silver dollars down on the ribbons. All funds... Read More

colin-jordan

Labour Minister commits to dialogue

02 September 2018

Minister of Labour and Social Partnership Relations Colin Jordan has committed to continuous engagement and dialogue with employees’ and employers’ representatives as he seeks to strengthen the industrial relations climate in Barbados. Speaking during a courtesy... Read More

pm-at-business-meeting-082418

PM: New international business needed for Barbados

24 August 2018

Barbados needs to pick up new business in the area of international business and financial services. This view was expressed by Prime Minister Mia Amor Mottley after the Barbados International Business Association’s (BIBA) Task Force, led by Chairman Ben Arrindell,... Read More

eclac-logo

Moderate economic growth forecast for Latin America, Caribbean

24 August 2018

In an international context marked by uncertainty and volatility, the economies of Latin America and the Caribbean will grow 1.5 per cent on average in 2018, thanks to a rebound in domestic demand, private consumption especially, and a slight increase in investment,... Read More

inter-american-development-bank-logo

IDB bans American company

21 August 2018

An American company involved in Inter-American Development Bank (IDB) projects in Barbados has been slapped with a four year ban by the financier. The bank today announced the debarment of GL Systems LLC and said the decision was “in connection with allegations of... Read More

greece-082018

Greece ends bailout odyssey but Athens not in festive mood

20 August 2018

ATHENS - Greece emerged from the biggest bailout in economic history on Monday after nine years of creditor-mandated austerity, with European institutions hailing the exit a success but jaded Greeks finding little reason to celebrate. The milestone weans the debt-burdened... Read More

petra-roach

Petra Roach named 2018 Ambassador of the Year at Virtuoso Week

19 August 2018

LAS VEGAS – Global luxury travel network Virtuoso named US director of Barbados Tourism Marking Inc. Petra Roach the winner of this year’s Ambassador of the Year award at the 30th annual Virtuoso Travel Week conference. She received the award during the Allied Partners... Read More

edward-clarke

BPSA ‘intact’

18 August 2018

The reputation of the Barbados Private Sector Association (BPSA) remains intact, says Edward Clarke, the man who has taken over from embattled former chairman Charles Herbert. Herbert resigned on August 3, a little over a week after being charged on July 27 with... Read More

rock-hard-cement-010917

Rock Hard objection

18 August 2018

Rock Hard Distribution is charging that the Customs Committee of the Council for Trade and Economic Development (COTED) has no jurisdiction to consider the classification of Rock Hard Cement or any goods under the Common External Tariff. In a document obtained by... Read More

paris-food-show-081418

Caribbean foods on display at Paris exhibition

14 August 2018

At least 12 producers from six Caribbean countries will exhibit their goods at the five-day Salon International de l’alimentation (SIAL) trade fair that opens in Paris on October 21. The Barbados-based Caribbean Export Development Agency (Caribbean Export) said that... Read More

bccilogo

BCCI backing Govt despite downgrade

13 August 2018

The business community by now is all too aware that the ratings agency, Standard and Poor’s on August 7, lowered its issue-level ratings on Barbados’ global bonds due 2019 and 2022 to D (default) from CC. In addition, the ratings agency lowered its local currency rating... Read More

whitebread

Bread hike

12 August 2018

From Wednesday, Barbadians will have to lay out more dough if they want to continue to enjoy their favourite pastries. That’s because, effective August 15, Nicholls Baking Company will increase all of its prices, due to the “rapidly rising costs of production”. ... Read More

kerrie-symmonds

Committee formed to enhance cruise sector

11 August 2018

Government is assembling a National Cruise Development Commission (NCDC) to further develop Barbados' cruise sector. Minister of Tourism Kerrie Symmonds made the announcement of the 15-person team earlier this morning during a Press conference at the Ministry of... Read More

pound-sterling

Sterling plunges to 2018 lows as Brexit unease builds

09 August 2018

LONDON − The pound was engulfed in a heavy selloff on Wednesday, skidding to its lowest levels against the dollar and euro in almost a year as markets ramped up bets on Britain leaving the EU without an agreement with Brussels. London-based traders reported a significant... Read More

standardpoors

Barbados local currency rating lowered

08 August 2018

Barbados has received yet another downgrade from Standard and Poor’s. Yesterday, S&P Global Ratings lowered its issue-level ratings on Barbados' global bonds due 2019 and 2022 to D (default) from CC. At the same time, S&P Global Ratings lowered its long- and short-term... Read More

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