Section
Markets, enterprise, and economic developments.
Lead story
"On November 7, 2023, Barbados Prime Minister Mia Amor Mottley made a Ministerial Statement announcing reforms to the corporate tax rates in response to compliance with the OECD. The private sector acknowledges the increase in the tax rate."
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The Barbados Hotel and Tourism Association (BHTA) raises concerns about an alleged smear campaign by the local labour movement on social media, potentially damaging the tourism industry's reputation.
The Central Bank of Barbados is working with commercial banks to ensure that anti-money laundering regulations are implemented without negatively impacting customers. The bank emphasizes the importance of following guidelines while considering customers' needs.
The Barbados Hotel and Tourism Association (BHTA) invites small businesses to join and benefit from various opportunities. Chairman Renée Coppin emphasizes the value of networking and connections within the tourism sector. The BHTA also focuses on emergency response strategies and strengthening linkages with the agriculture industry.
The Barbados Hotel and Tourism Association (BHTA) predicts a positive winter season for 2023/2024, with increased airlift capacity from key markets such as the UK and US. Cruise travel is also showing promising signs.
