Business
January 13, 2025
Major Lawsuit Alleges Multibillion-Dollar Fraud Scandal Involving Offshore Bank in Barbados
Barbados offshore bank Amicorp Group faces a multibillion-dollar fraud lawsuit by 1MDB, alleging $7 billion in fraudulent transactions facilitated by Amicorp entities. Central Bank of Barbados clarifies its position.
January 11, 2025
Barbados Co-operative and Credit Union League Limited Appoints Tracia Pounder as New General Manager
Tracia Pounder appointed as the new General Manager at Barbados Co-operative and Credit Union League Limited, bringing over 20 years of financial services experience and recognized leadership in the credit union sector.
January 9, 2025
Barbados Port Inc. Announces Closure of Shed 2 on January 9th, 2025 Due to Environmental Issue - Rescheduling Details Provided
Barbados Port Inc. announces the closure of Shed 2 on January 9th, 2025, due to an environmental issue necessitating industrial cleaning. Appointments for personal effects collection are cancelled, with affected customers to be contacted for rescheduling. Normal operations expected to resume on January 10th, 2025. Apologies for any inconvenience.
January 9, 2025
Graeme Hall Nature Sanctuary to Reopen in Barbados, Boosting Ecotourism and Conservation Efforts
Graeme Hall Nature Sanctuary, Barbados's largest remaining mangrove forest, set to reopen in March under new ownership. Paid facility to boost ecotourism, create jobs, and focus on nature conservation.
January 9, 2025
2025 Global Economy Outlook: Impact of Inflation, Interest Rates, and Tariffs Explained
2025 presents economic challenges with inflation, interest rates, and tariffs impacting global growth. US Federal Reserve signals caution on further rate cuts amid inflation battle. Uncertainty looms over global growth due to potential new tariffs under Trump 2.0.
January 9, 2025
Temporary Closure of Christ Church Post Office at Oistins in Barbados Due to Environmental Issue
The Christ Church Post Office at Oistins, Barbados, is temporarily closed due to an environmental issue. Customers are advised to use other post offices on the island for postal services.
January 7, 2025
EGFL Anticipates Rise in Loan Demand from Tourism and Green Energy Sectors Amid Economic Expansion
EGFL anticipates increased loan demand from tourism and green energy sectors, citing reduced borrowing due to COVID-19 impact. Challenges in renewable energy storage may affect loan requests.
January 7, 2025
CARICOM Reflections: Embracing 2025 with Partners in Quality Infrastructure Development
Embracing 2025 with gratitude and commitment, CARICOM focuses on unity and quality infrastructure development. Achievements include training professionals and accrediting laboratories for regional growth and quality assurance.
January 7, 2025
Barbados Achieves IMF Targets but Faces Concerns on Competitiveness: Report
Barbados meets IMF targets, but concerns linger over global competitiveness and business environment. Report details positive economic performance, revenue growth, and expenditure increase under current IMF programmes.
January 7, 2025
Barbados Port Inc. Addresses Delays and Congestion with Urgent Measures amid Surge in Vessel Traffic | Barbados TODAY
Barbados Port Inc. is taking urgent steps to address congestion at Bridgetown Port during peak season. Priority berthing policies and infrastructure upgrades are being implemented to manage increased vessel traffic.
January 7, 2025
Barbados Reports 23% Surge in Cruise Arrivals and Inaugural Visit of Luxury Superyacht
Barbados experiences a 23% rise in cruise tourism from January to November 2024, welcoming the luxury superyacht Ritz-Carlton Ilma for the first time, showcasing opulence and growth in high-end market.
January 5, 2025
Grantley Adams International Airport Operations Manager Pietrick Voyer Awarded 'Airport Leader Of The Future' at International Summit 2024
Operations manager Pietrick Voyer at Grantley Adams International Airport (GAIA) is recognized for visionary leadership and excellence in airport operations, winning the prestigious "Airport Leader Of The Future" award.