Tag Archives: Barbados Business

The uncertain future of Caribbean currencies

by Dr DeLisle Worrell Over the Christmas holiday I caught up with my sister Yvonne who lives in the Canadian city of Oakville, in the Toronto metropolitan area. Oakville has a population of 223,000, which means that, with Canada’s per capita GDP of US$43,000, its GDP is about US$10 billion. That is two and a […]

Electric vehicles could bring $20 million savings

by Marlon Madden Barbados could be saving close to $20 million annually and cutting back on hundreds of thousands of metric tons of carbon dioxide emission (CO2) by increasing its use of electric vehicles (EVs) to around 20 per cent. This assessment from Professor Winston Moore, Deputy Principal and Professor of Economics at the University […]

Transport Board says electric buses worth it

by Marlon Madden The Transport Board has been able to slash its maintenance costs by millions of dollars over one year by having the electric buses among its fleet, Chief Operations Officer Lynda Holder has reported. Holder said the state-owned organization managed to significantly cut expenditure on fuel costs within the first year of having […]

BHTA promises tourism players a renewed focus

Operators in the local hospitality and tourism sector are being assured that Barbados Hotel and Tourism Association (BHTA) officials will continue to up the ante when it comes to lobbying the Government on a range of outstanding matters. In addition, Chief Executive Officer of the BHTA, former Senator Rudy Grant, promised that the umbrella organisation […]

Promoter pleads: Ease up on the VAT

by Marlon Madden One veteran event promoter wants the next Government to consider giving the entertainment industry a Value Added Tax (VAT) holiday next year as a way of helping the industry regain its footing after witnessing about18 months without any income. This suggestion has come from Orlando Newton, co-owner of the island’s newest party […]

Change your management style, says professor

by Marlon Madden One university academic is calling on private and public sector organisation leaders to start employing more management styles that allow their employees to “unleash” their true potential and help grow their organisation. Professor Justin Robinson, Senior Lecturer in Management at the University of the West Indies (UWI), Cave Hill Campus, gave the […]

Central Bank uses data to ‘tell the story’

Every quarter, the Central Bank of Barbados publishes a review of Barbados’ economy so far for the year and provides an outlook for the coming months. To produce this and other publications, as well as in its broader work guiding economic policy and promoting financial stability, the Bank relies on data. What data are used […]

CIBC First Caribbean donated hampers for Christmas

Management and staff of the insurance arm of CIBC FirstCaribbean dedicated their time to make the holiday season merry and bright for the elderly residents of the Soroptimist Village in Eden Lodge last Saturday, December 18. Staff distributed hampers packed with toiletries, linens and non-perishable food items for the 22 residents of the village.Ramona Smart, […]

Kim’s liberal mobile spa a labour of love

Kim Worrell is the owner of Libraal Mobile Spa, which offers aromatherapy, Deep Tissue massage, MLD, Swedish Massage, pedicures, body steams and sugar scrubs. The former student of St. James Secondary School said she decided to become an entrepreneur years ago when she became interested in massage therapy. “I realized I wanted to become an […]