Business
January 5, 2025
Barbados Advances Climate-Smart Agriculture Initiatives to Support CARICOM's 25 by 25 Goal: Minister of Agriculture Indar Weir Details Strategic Plans in Sunday Sun Interview
Barbados progresses towards CARICOM’s 25 by 25 goal amid climate challenges. Minister Weir outlines agricultural strategies focusing on climate-smart practices, tech innovation, and support for small farmers through a $2 million fund.
January 4, 2025
World Food Commodity Prices Decline in 2024, Remain Higher Than Pre-Pandemic Levels
World food commodity prices decreased by 2.1% in 2024, though still higher than pre-pandemic levels. The UN FAO's Food Price Index dropped but rose throughout the year, driven by meat, dairy, and food oils.
January 4, 2025
UN FAO Reports 2.1% Drop in World Food Commodity Prices in 2024; Prices Remain Elevated Post-COVID-19 Pandemic
World food commodity prices declined by 2.1% in 2024, yet remain higher than pre-pandemic levels. The UN FAO's Food Price Index dropped but rose throughout the year, driven by meat, dairy, and food oils.
January 4, 2025
Analysis Reveals Fiscal Risks Posed by 3 State-Owned Entities in Barbados
Three state-owned entities, including HOPE Inc, Caribbean Broadcasting Corporation, and Transport Board, pose significant fiscal risks to Barbados, as highlighted in a government report. Guaranteed debt and financial instability are key concerns.
January 4, 2025
Consumer Body Condemns Shortened Banking Hours as CIBC Announces Early Closures
Barbados Consumer Empowerment Network opposes a commercial bank's decision to shorten operating hours, citing inconvenience for customers, especially the elderly and low-income individuals. Concerns raised about financial stress and exclusion risks.
January 3, 2025
Breakwater Renovation at Bridgetown Port Set for Completion by March, CEO Reports Challenges and Stone Details
The renovation of Bridgetown Port's breakwater is set for completion by March. CEO David Jean-Marie details challenges and stone specifics, sparking questions on sourcing and costs.
January 3, 2025
Barbados Economic Outlook 2025: Insights from Professor Emeritus Michael Howard and Jeremy Stephen
Barbados' economic outlook in 2025 is a mix of growth potential and challenges, including debt management, reliance on external factors, and Government financial strategies. Expert insights highlight risks and opportunities for the nation's economic future.
January 3, 2025
Hypasounds in the Spotlight: A Recap of his Musical Journey in 2024 and Future Plans
Hypasounds, the Barbadian artist known for hits like How She Like It and Sugar Rush, reflects on his successful 2024 world tour and upcoming music projects, emphasizing the importance of touring and maintaining music quality.
January 1, 2025
Barbados Sees Third Credit Rating Upgrade: Central Bank Governor Urges Increased Investment, Economist Evaluates Impact
Barbados' Central Bank Governor calls for increased investment, particularly from the private sector, following the country's third credit rating upgrade. Economists discuss the impact on financing costs and investor confidence.
December 30, 2024
Boosting Economic Growth in Barbados Through Technological Innovation: Insights from IDB Economist
Barbados faces stagnant productivity levels and economic growth, prompting the need for increased technological innovation, as highlighted by the Inter-American Development Bank's assessment in a recent report on Caribbean economies.
December 30, 2024
Barbados Consulate in New York Set to Launch New Business Support Project for Entrepreneurs
The Barbados Consulate in New York is launching a project to support Barbadians and Americans in business, focusing on small entrepreneurs. The initiative aims to facilitate partnerships and establish a Barbados Business Network. An internship program for young Barbadians in the diaspora is also planned.
December 29, 2024
Barbados Senator Highlights Economic Impact of Villa Sector Growth, Calls for Regulation of Unnecessary Utilities Charges
Barbados senator highlights the economic impact of the expanding villa sector on the country's economy. Issues faced by villa operators with utility providers and lack of regulation by the FTC.