Business

2025 Economic Outlook: Impact on Workers and Employers Amid Global Uncertainty

December 29, 2024

2025 Economic Outlook: Impact on Workers and Employers Amid Global Uncertainty

Reflecting on 2024 and looking ahead to 2025, employers seek increased profitability while workers hope for better wages and job security amidst global economic uncertainties and technological advancements. Challenges persist in unemployment trends and social security pressures, emphasizing the need for sustainable entrepreneurship and innovative solutions.

Fortress Fund Managers Reports Strong 12.4% Returns for Barbados Dollar Funds in 2024 Annual Report

December 29, 2024

Fortress Fund Managers Reports Strong 12.4% Returns for Barbados Dollar Funds in 2024 Annual Report

Fortress Fund Managers' 2024 Annual Reports reveal positive returns of up to 12.4% for Barbados dollar funds. The Caribbean Growth Fund gained 12.4%, with strong performance in global stocks.

Economic Impact of Hurricane Beryl on Barbados: IMF Analysis Reveals Estimated Costs and Mitigating Factors

December 29, 2024

Economic Impact of Hurricane Beryl on Barbados: IMF Analysis Reveals Estimated Costs and Mitigating Factors

Hurricane Beryl's estimated cost for Barbados is BDS$193 million, with a projected moderate impact on the economy, particularly in fisheries, tourism, and infrastructure. IMF report details the aftermath.

Transport Augmentation Programme Operators Voice Liability Concerns Over Transport Board's Cashless Integration on Buses

December 28, 2024

Transport Augmentation Programme Operators Voice Liability Concerns Over Transport Board's Cashless Integration on Buses

The Transport Board faces concerns from TAP operators regarding liability for vehicle damage post-cashless integration. Issues include electrical problems and late payments. Tax implications and payment methods are also discussed.

Corporate Holiday Season Boosts Artists' Activity Amidst New Year's Event Preparations | Entertainment Industry Insights 2025

December 28, 2024

Corporate Holiday Season Boosts Artists' Activity Amidst New Year's Event Preparations | Entertainment Industry Insights 2025

Corporate holiday staff parties and awards ceremonies have kept artistes busy during the Yuletide season. Industry stakeholders anticipate the momentum to continue into 2025, with multiple bookings for performances.

Barbados Extends Digital Transformation Tax Credit Deadline to Boost Modernization Efforts

December 19, 2024

Barbados Extends Digital Transformation Tax Credit Deadline to Boost Modernization Efforts

Barbados extends digital transformation tax credit until December 31, 2025, offering businesses a 100% incentive for modernizing operations. Collaboration between public and private sectors emphasized for seamless digital ecosystem.

Minister Kirk Humphrey Highlights Stable Demand for Welfare Assistance Amid Rising Costs in Barbados

December 19, 2024

Minister Kirk Humphrey Highlights Stable Demand for Welfare Assistance Amid Rising Costs in Barbados

Ministry of People Empowerment and Elder Affairs notes stable demand for financial aid in Barbados despite rising living costs. Corporate support praised for easing pressure on welfare programs.

Barbados to Receive US$56 Million from IMF After Program Reviews | eNATION

December 19, 2024

Barbados to Receive US$56 Million from IMF After Program Reviews | eNATION

Barbados to receive US$56 million from IMF after successful review of Extended Fund Facility and Resilience and Sustainability Facility arrangements. Funds to support country's economic programs and climate policy agenda.

Barbados Secures US$56 Million from IMF for Economic Growth and Climate Resilience Initiatives

December 19, 2024

Barbados Secures US$56 Million from IMF for Economic Growth and Climate Resilience Initiatives

Barbados secures US$56 million from the IMF, exceeding economic growth expectations and advancing climate resilience initiatives. Funds support BERT 2022 and climate policy agenda, with positive economic indicators highlighted.

Barbados Government Secures US$12.4M Loan and US$300K Grant from CARICOM Development Fund for Climate Resilience Wastewater Systems Project

December 18, 2024

Barbados Government Secures US$12.4M Loan and US$300K Grant from CARICOM Development Fund for Climate Resilience Wastewater Systems Project

Barbados secures US$12.4 million loan and US$300,000 grant from CARICOM Development Fund for climate-resilient wastewater project. Funds to support 3R CReWS initiative and enhance water management.

Abed’s Opens New Home Décor Store in Welches, St. Thomas with Expanded Selections and Unique Shopping Experience

December 18, 2024

Abed’s Opens New Home Décor Store in Welches, St. Thomas with Expanded Selections and Unique Shopping Experience

Abed’s fabric and home décor store opens new location in Welches, St Thomas, offering expanded product ranges and a unique shopping experience. Open daily with extended hours for the holidays.

Barbados Tourism Expects Busiest Weekend at Grantley Adams Airport, US Market Surges in Significance

December 18, 2024

Barbados Tourism Expects Busiest Weekend at Grantley Adams Airport, US Market Surges in Significance

Barbados Hotel and Tourism Association reports a surge in international flights, with the US market leading the way. Visitor arrivals show significant growth, particularly from the US, Canada, and CARICOM regions.

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