Category Archives: Business

Keeping train one a good decision

Business Ryan Hamilton-Davis Friday 19 February 2021 Atlantic LNG plant in Point Fortin. File photo – The saying “it is better to have it and not need it, than to need it and not have it” fits well with the National Gas Company’s thinking when it comes to the Atlantic LNG and Train One, for […]

Guidelines for Small Businesses re: Financial Assistance

The Ministry of Energy, Small Business and Entrepreneurship is reminding small businesses eligible for Government’s financial assistance during the national pause that there are strict guidelines that govern the operation of this programme. In light of reports of some persons trying to cheat the system, the Ministry has advised that those found attempting to commit […]

CDB projects return to economic growth in region this year

BRIDGETOWN, Barbados (CMC) — The Barbados-based Caribbean Development Bank (CDB) is projecting an average gross domestic product (GDP) growth of 3.8 per cent this year for Caribbean countries. But in its Regional Report: 2020 Review and 2021 Outlook, released Thursday, the region’s premier financial institution, said the projections is clouded by the ongoing uncertainty, caused […]

What is the gig economy? Meaning explained

MILLIONS of Brits are employed under a system known as the “gig economy”. But what exactly is the gig economy? Here’s what you need to know following the”historic” court ruling against Uber. 1 Deliveroo workers are paid per drive, instead of per hourCredit: Reuters What is the gig economy? “Gig economy” workers are paid for […]

Fixed mortgage rates are on the rise, mortgage brokers warn – National

After hitting record lows this summer, some mortgage brokers are warning that fixed mortgage rates are starting to climb back up — if only a little. Just as the housing market gears up for the traditionally busy spring season, lenders across the country are announcing fixed-rate increases of between 0.1 and 0.2 of a […]

Rich countries scramble to address COVID-19 vaccine-sharing moral dilemma

Shamed, perhaps, by last month’s feral blast by World Health Organization Director General Tedros Adhanom Ghebreyesus over the unequal allocation of COVID-19 vaccinations among rich and poor countries, the leaders of the Group of Seven global economic powerhouses have undertaken to move to immunise the world’s neediest people against the rampaging COVID-19 pandemic by contributing […]

Adding self-employed to national insurance ‘prohibitive’

Business Paula Lindo 3 Days Ago Finance Minister Colm Imbert – Vidya Thurab Finance Minister Colm Imbert said Tuesday that the initial financial cost to government to bring self-employed people into the national insurance system (NIS) would be prohibitive. It was not certain this cost could ever be recovered, he added. Speaking to the Senate, […]

British PM Boris Johnson sets out England’s lockdown exit plan

SOURCE-REUTERS – British Prime Minister Boris Johnson set out a phased plan on Monday to end England’s COVID-19 lockdown, offering a “cautious” approach to try to prevent a return to wholesale restrictions that have hobbled the economy. Johnson, under pressure to allow more freedoms to millions stuck at home and offer hope to shuttered businesses, […]

Caribbean Express coming to Jamaica

The Caribbean Express, a new multi-billion-dollar submarine cable system being rolled out by American telecoms development firm, Ocean Networks Incorporated, is coming to Jamaica. The Caribbean Express project, an 18-fibre pair subsea cable system linking the state of Florida to Panama, which is just being built out, is also being extended to Kingston. In addition […]