Tourism consultant Dr. Kerry Hall has identified a lack of implementation as one of the main issues holding back the truly sustainable development of Barbados’ tourism industry over the years. She said as the island emerged from the devastating effects of the COVID-19 pandemic and the tourism industry takes the lead in the economic recovery […]
Tag Archives: Barbados Business
Barbados could become the home for a cancer research facility in the coming years, Minister of Health and Wellness Ian Gooding-Edghill has disclosed. He recently disclosed that a potential investor had approached his ministry with the idea of setting up such a facility on the island. While opting not to disclose much, Gooding-Edghill said discussions […]
The rising price of oil on the world market is fuelling a resurgence of the Trinidad and Tobago indices. This was outlined by Fortress Fund Managers as it reported on the performance of its Caribbean Growth Fund for the last quarter ended December 31, 2021. Fortress, the island’s largest mutual fund operator outlined that the […]
Wealth management firm Royal Fidelity (RF) Merchant Bank & Trust Ltd is reporting satisfactory performance of its mutual funds for the fourth quarter ending December 2021. For its Select Balance Fund, the return was 1.86 per cent for the three month period under review. That Fund returned 1.11 per cent for the month of December […]
The European Union (EU) Commission is giving Barbados and other Caribbean Community (CARICOM) member states the assurance that it will not abandon them in time of need, as changes are made to its funding model for the region. Following the end of the more than €30 billion valued 11th European Development Fund (EDF), which covered […]
Prime Minister Mia Mottley has thrown out a challenge to the umbrella body of the global business sector to attract more high-quality international brands to do business in Barbados. Pointing to the island’s high rankings in Latin America and the Caribbean across various development indicators, Mottley said what was now needed was strategic partnerships and […]
The Barbados Chamber of Commerce and Industry will be holding an all-day Women’s Conference on March 7, entitled “POWER Summit Preparing & Optimising Women in Business to Win. The event will bring together dynamic women at the pinnacle of achievement in their chosen fields, and women who aspire to achieve the same level of excellence […]
A senior lecturer at the University of the West Indies, Cave Hill Campus is suggesting that private-sector employers put an Employee Assistance Programme in place to help workers cope with the long-term effects of the COVID-19 pandemic. Professor Dwayne Devonish, Professor of Management and Organisational Behaviour, said he was toying with the idea of leading […]
After registering a less than stellar performance in 2020 when it was impacted heavily by the COVID-19 pandemic conditions, CIBC FirstCaribbean International Bank’s Barbados operations have shown a dramatic turnaround for the 2021 financial year. In just-released summarised consolidated financial statements for the year ended October 31, 2021, the island’s leading commercial bank recorded annual […]
The Trinidad and Tobago-headquartered Massy Group is signalling to shareholders and the investment community that it is concentrating on core operations, and the group’s strong cash position from the disposal of several assets has put the group in an extremely strong position. This has been outlined by group chairman Robert Bermudez as he commented on […]