by Marlon Madden Virgin Atlantic continues to boast of a strong appetite for the Barbados and wider Caribbean market among United Kingdom (UK) and wider European travellers in the face of the persisting COVID-19 pandemic. What is more, Virgin Atlantic’s Country Manager for the Caribbean Hannah Swift has hinted that travellers from some Caribbean countries […]
Tag Archives: Barbados Business
by Marlon Madden The new Minister of Tourism in St Lucia Dr Ernest Hilaire is depending heavily on travel from Barbados and other regional states to aid in that country’s tourism recovery as international travel continues to be impeded by the COVID-19 pandemic in key source markets. Pointing out that St Lucia was promoting regional […]
Stakeholders in Barbados’ vital global business community are not prepared to let the sector falter, despite the rapidly changing regulatory and geo-political influences that are challenging its growth. The assurance has come from Derrick Cummins, President of BIBA, the Association for Global Business, as he addressed the media launch of Global Business Week 2021 (GBW […]
The days of wrongdoing by employees or officials of financial institutions such as banks, credit unions and insurance companies, being swept under the carpet to protect the official or the institution’s image, will come to an end soon, when the Financial Services Commission’s (FSC’s) officially launches its updated Material Disclosure Guidelines. While some aspects of […]
Barbados has been urged to keep a very close monitor on its financial system despite its current stability and the high level of liquidity in the system, as the COVID-19 pandemic drags on. The caution has come from the Inter-American Development Bank (IDB) in its latest Quarterly Bulletin, which takes a look at the region’s […]
by Marlon Madden The Mia Mottley administration has contracted the services of the Chicago-based financial crime detection and prevention firm, ACAMS (the Association of Certified Anti-Money Laundering Specialists) foranother year. ACAMS, a subsidiary of Adtalem Global Education, the parent company of Ross University, has been offering specialised services to Barbados in the area of anti-money […]
After a US$43.04 million loss last year at the end of its third quarter, CIBC FirstCaribbean is clawing its way back in a COVID-19 impacted environment, with a US$90.58 million after tax group profit, for the comparable period in 2021. Reporting on the nine months ending July 31, the Barbados-headquartered regional bank’s consolidated financial statement […]
A Barbadian, Dave Dowrich, has taken up a top position with TIAA, a leading North American investment firm. Headquartered in New York, TIAA has over US$1.3 trillion in assets under management and last year had more than 16 000 employees, the company announced recently that Dowrich would be appointed its Chief Financial Officer. Dowrich, the […]
by Marlon Madden As the country celebrates Small Business Week 2021, the support and development of the micro and small business sector, especially in the Covid-19 environment, should be the priority for key stakeholders within the sector. This is according to Democratic Labour Party (DLP) spokesman on entrepreneurship and small business Ryan Walters. He said […]
The Financial Services Commission (FSC) is tightening up on the operations of insurance intermediaries and their business relationships with insurance companies. The island’s lead regulator has proposed new guidelines, to which it has sought comments from insurance sector. The new rules seek to regularise the relationship between insurance providers and their agents, brokers, salesmen and […]