Section
Markets, enterprise, and economic developments.
Lead story
Former LIAT airline employees in Barbados have finally received ex gratia payments two months after the issue was brought to public attention. Some employees expressed gratitude for the payment, although it wasn't as expected.
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Small Business Week 2023 in Barbados is a significant event organized by the Small Business Association (SBA) to address challenges, explore solutions, and promote growth. Learn more at https://www.sba.bb/sba/.
BCEN director suggests subsidies or revised social compact to alleviate pressure on consumers amidst rising food costs; multi-pronged approach needed, including price subsidies and social protection programs.
TikTok has hired cybersecurity firm NCC to audit its data controls, amid concerns over Chinese ownership. The company is also opening three data centers in Europe.
The Government is facing criticism for not adequately reforming the National Insurance Scheme (NIS) to benefit small and medium-sized enterprises. The chairman of the Small Business Association questions the government's commitment to the sector's growth and calls for more transformative solutions.
