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‘Don’t spend all in US malls’

GERALYN EDWARD, [email protected]

‘Don’t spend all in US malls’

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A GOVERNMENT MINISTER wants Barbadians to stop spending the country’s hard-earned and scarce foreign exchange in the shopping malls of the United States.

Speaking on Thursday night at the launch of new financial services company Carilend, Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss veered from his prepared text to offer the word of caution.

The new company, which is based at Welches, St Thomas, takes money from investors and uses it to lend to borrowers in a state-of-the art electronic platform.

In his address at the company’s official launch at Limegrove Lifestyle Centre in Holetown, St James, Inniss encouraged borrowers to use the money for “productive purposes” such as launching small businesses. (GE)

Please read the full story in today’s Saturday Sun, or in the eNATION edition.