In December 2020, a new Central Bank of Barbados Act was passed, replacing the one that had been in place since the Bank was established in May 1972. Here are three things you should know about the Act and how it impacts the Bank’s operations: The Bank has two main objectivesWhile the Bank has long […]
Tag Archives: Barbados Business
by Marlon Madden Barbadian authorities are being urged to incorporate greater use of financial technology to help bridge the digital gap. This is among recommendations found in the Inter-American Development (IDB) Caribbean quarterly economic bulletin report that was released on Tuesday. The report – Digital Infrastructure and Development in the Caribbean – noted that Barbados […]
Caribbean startup accelerator TBR LAB is partnering with Visa to empower the proliferation of high-growth technology business ventures by driving the development and implementation of digital payment solutions in the English-speaking Caribbean. Through this partnership, startups and fintechs will benefit from easier access to the financial systems, as well as the scalability, reliability, interoperability and […]
by Garth Patterson Q.C. In his article entitled, “Voting During a Pandemic”, which appeared in another section of the press, Peter Wickham described as “dubious” any suggestion of a court challenge to “the exclusive and constitutional right of the Prime Minister to call elections at the time of her choosing.” As a statement of general […]
by Marlon Madden R&J Merchandise is among the newer set of micro businesses on the island spared the worse from the impact of the COVID-19 pandemic. And owner Rennette Dimmott is attributing this to her business model. Having no physical location, Dimmott explained that she simply takes orders from individuals for “anything under the sun”, […]
by Marlon Madden Privatisation of some state entities must take place in order to lower Government expenditure and improve efficiency, but this must not be done to the benefit of a few or at the expense of the Barbados labour force. This is the view of former Opposition Leader Bishop Joseph Atherley, who told Today’s […]
by Marlon Madden Commuters travelling on public transportation will soon be able to go from one location on the island to the next without having to traverse to the Fairchild Street or Princess Alice bus terminals in Bridgetown. This is because the Barbados Transport Board is in the process of coming up with a plan […]
The directors of Barbados’ largest mutual funds have identified two Trinidad and Tobago-based companies as the most reliable Caribbean securities in which it has invested. In the Directors’ Review of the 2021 financial year of Fortress Fund Managers, it was noted that the Port-of-Spain headquartered conglomerates of Massy Holdings and Guardian Holdings as the top […]
One of Barbados’ iconic businessmen is relinquishing his position on the board of the company he has served as chairman for 25 years. Sir Geoffrey Cave, whose family name has been a landmark in the Barbados’ business community is retiring as chairman of Fortress Fund Managers, the island’s largest and most successful mutual fund with […]
by Marlon Madden Operators of micro, small and medium-sized enterprises (MSMEs) are being encouraged to get on board with digital payment systems or risk being left behind. This advice has come from Gail Welch, Business Development Officer at Payce Digital (Formerly Cave Shepherd Card Services), who stressed that customers were increasingly becoming reliant on conducting […]