Section
Markets, enterprise, and economic developments.
Lead story
Barbados Revenue Authority staff, represented by Unity Workers Union, continue industrial action over issues including promotions and union recognition. Concerns raised about supersession and management practices.
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Barbados chosen as the site for a global Small Island Developing States (SIDS) hub in collaboration with UNIDO. The hub aims to facilitate cooperation, knowledge exchange, and technical assistance among diverse SIDS.
The Jamaica data privacy law mandates registration of data processing activities, enforced by the Jamaican Data Privacy Authority. Compliance focus shifts to include cybersecurity, data privacy, and corporate governance beyond Anti-Money Laundering.
Barbados secures $112 million from the IMF for balance of payments, with approval for economic management. IMF praises GDP growth, warns of risks from tourism slowdown and external factors.
Barbados aims to become a key player in the global supply chain by enhancing logistics infrastructure and port capacity, emphasizing resilience in the face of climate challenges.
