A Jamaican-based company is set to invest US$45 million in the local renewable energy market once all the requisite government approvals are granted. The clean energy projects planned by Soleco Energy Limited, will see the construction of three 10 MW (total capacity of 30MW) solar photovoltaic plants in Barbados. Angella Rainford, CEO and Founder of […]
Tag Archives: Barbados Business
More than 290 regional educators and guidance counsellors are now better equipped to identify and deal with online threats facing adolescents and young adults. In observing Safer Internet Day on February 8, leading telecoms provider Flow partnered with UNICEF to present a virtual conference entitled ‘Online Safely: What to Lookout For’. “Making the internet a […]
by Marlon Madden The local real estate market has remained largely buoyant over the past two years and is on an upward trend as industry operators are forced to adapt in order to keep business going during the COVID-19 pandemic. Upbeat about the resilience of the real estate market and its future prospects, President of […]
by Marlon Madden Labour and education in Barbados are in for a major shake-up as the newly formed Mia Mottley administration aims to bring greater ease to workers, train more individuals for future job prospects and enhance the overall education and labour conditions. In her first speech as President of the republic state, Dame Sandra […]
by Marlon Madden While the past two years have proven to be very difficult for businesses due to the COVID-19 pandemic, at least two of the island’s larger eateries have still been able to add to their operations. In fact, homegrown restaurant chain Chefette Restaurants Ltd, introduced its promised Frosteez ice cream in November last […]
The Inter-American Development Bank (IDB) and its private-sector arm, IDB Invest, achieved a record of nearly US$23.4 billion in new financing approvals, commitments and private-sector mobilisations, beating previously reported initial estimates for financial assistance to Latin America and the Caribbean in 2021. The figure reflects additional and updated numbers, including commitments and mobilisations, partnerships, and […]
by Marlon Madden The Barbados Estate Agents and Valuers Association (BEAVA) is making a major push towards increasing transparency between real estate industry operators and the public as it seeks to weed out unethical so-called real estate agents. BEAVA President Arthur Ramsay said he was aware that there were a number of individuals who were […]
by Marlon Madden One noted economist is warning the Mia Mottley administration to be careful not to compound the rising inflationary pressures by way of its policy stance. In fact, Carlos Forte is proposing that Government urgently finds ways to provide an ease on taxes to help keep consumer prices stable and businesses open. He […]
Caribbean tourism is estimated to have suffered $2 billion (US$1 billion) in losses during 2021 as a result of stagnation in travel between the region’s destinations. As a result, the Caribbean Hotel and Tourism Association (CHTA) is recommending that governments and private sector leaders come up with a more concerted effort “to boost intra-regional travel, […]
by Marlon Madden Barbados welcomed some 42,421 stopover visitors in 2021, representing a mere 20 per cent of the 2019 record visitor arrival numbers (219,605), and a decline from 2020 arrivals. However, Governor of the Central Bank of Barbados Cleviston Haynes is upbeat that the prospects for tourism this year were looking a lot brighter. […]