Section
Markets, enterprise, and economic developments.
Lead story
Caribbean Airlines will introduce daily non-stop flights between Toronto and Georgetown starting July 1, enhancing travel options and supporting economic ties between Canada and Guyana.
Read full story
Barbados Light & Power Co Ltd has implemented fuel hedging and government subsidies to mitigate rising fuel prices driven by geopolitical tensions, protecting consumers from higher costs.
Governor Kevin Greenidge details the costs of developing the BiMPay rail and e-wallet, which will enhance interbank transactions among Barbados' commercial banks and credit unions.
The Barbados government is urging the private sector to enhance export activities to increase foreign exchange earnings and foster local wealth, as part of the BERT 3.0 initiative.
Minister Kerrie Symmonds announced plans for a Barbadian pharmaceutical industry to reduce reliance on imports and enhance economic resilience during a debate on the Barbados Medical Products Bill.
Barbados' economic recovery strategy will depend on increased private-sector investment, as regional lender CAF plans to expand financing to support the government's fiscal program BERT 3.0.
