Scotiabank scored substantially on its Barbados operation last year, doubling its profits for the 12 months ending October 31, 2021. It was a marked turnaround from the 2020 position when Scotiabank Barbados recorded an after-tax profit of $25.05 million. For the 2021 period, the financial institution, which has been operating on the island since 1956, […]
Tag Archives: Barbados Business
Government is promising to do more to help members of the differently-abled community become entrepreneurs so they can be more independent. In this regard, John Hollingsworth, Director of the National Disabilities Unit, said his department has designed programmes in the area of agriculture, to assist people with disability to gain meaningful employment. Singling out the […]
Caribbean tourism stakeholders are abuzz at the announcement by the Caribbean Hotel and Tourism Association (CHTA) that its bedrock Caribbean Travel Marketplace (CTM), which brings together buyers and sellers of the region’s tourism products, will be hosted by Puerto Rico between October 3 and 5 this year. “The COVID-19 pandemic has resulted in a significant […]
The current and future success of Sagicor is and will continue to be driven by the company’s commitment to continually change and adapt to the prevailing environment. This from Robert Trestrail, President and CEO of Sagicor Life Inc, as he spoke to over 1,500 team members across the leading insurance and financial institution’s Southern Caribbean […]
Students of the St. Martin’s Mangrove and Workman’s Primary Schools recently received words of encouragement and positive messages from leading insurance and financial institution, Sagicor, as part of the company’s ongoing Adopt-A-School programme for the current school year. In recognition of the month of love and coinciding with children’s return to the classroom, Sagicor shared […]
by Marlon Madden Renewable energy and environmentally friendly are perhaps not the first words that come to mind when one thinks about a power generation plant in Barbados or any other part of the world for that matter. However, the island’s sole electric utility company, the Barbados Light and Power Company Ltd.(BL&PC), is aligning its […]
by Marlon Madden Trade between the Caribbean Community (CARICOM) and the European Union (EU) remains a top priority, officials from the EU Commission have assured. However, they continue to be concerned that Barbados and other regional states are not taking full advantage of existing trade policies including the Economic Partnership Agreement, which was implemented over […]
by Marlon Madden Newly appointed Chairman of the Barbados Hotel and Tourism Association (BHTA) Renee Coppin has identified the ease of doing business as a priority area for the association this year. What is more, Coppin, who took up the post earlier this month, noted that she will be placing strong emphasis on research in […]
Barbados’ last remaining regional conglomerate is reporting a major revival in its financial fortunes as the COVID-19 pandemic appears to be easing. In its latest public filings, Goddard Enterprises Limited (GEL) told shareholders that the first quarter of its current financial year produced net income of $24 million. And according to GEL’s chairman Thomas Herbert […]
The first quarter profits of the Republic Bank Group are trending upward, despite the bank’s admitted uncertainty about the ongoing COVID-19 pandemic. In recently released unaudited financial highlights, the Trinidad and Tobago headquartered financial institution recorded pre-tax profits for the quarter ended December 31, 2021 of US$86.08 million. This represented a modest increase on the […]