Section
Markets, enterprise, and economic developments.
Lead story
Concerns persist over repair quality and skilled labor availability for hurricane-damaged fishing boats. Government aid of nearly $2 million announced by Prime Minister Mia Mottley to support affected boat owners. International assistance pledged. Structural challenges in the industry highlighted.
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Government and SBA focus on expanding small businesses to global markets, including Africa. Plans for an online portal to connect firms with opportunities in tourism, energy, and more. Initiatives to support exports and community donations highlighted.
Barbados Workers Union's General Secretary Toni Moore advocates for addressing rising living costs, inadequate minimum wage, and worker exploitation through precarious contracts. Calls for a living wage and economic justice.
Government tax changes impact Cave Shepherd & Co Limited's financials. Revenue rises to $17.46M, but net profit drops to $7.63M due to increased tax rate of 9%. Retail and new subsidiary operations also discussed.
Keithroy Halliday, acting CEO of Barbados Water Authority, announces departure after 7 years. Highlights include transformation efforts, staff appreciation, and future prospects for the authority under new leadership.
