Tag Archives: Business

Global testing standards goal set for next year

Export-oriented businesses in Barbados, Dominica and St Kitts and Nevis will be offered globally standardised testing at domestic laboratories as early as next year, says Daniel Best, Director of Project Department at the Caribbean Development Bank (CDB). The CDB has partnered with the European Union (EU) and the CARICOM Regional Organisation for Standards and Quality […]

Jamaica has to “steer clear” of debt precipice — Dr Nigel Clarke

MINISTER of Finance and the Public Service Dr Nigel Clarke says that the country has to “steer clear of the edge of the precipice” in dealing with the debt crisis during 2021/22. “Due to this crisis, our debt is now at 110 per cent of gross domestic product (GDP). We have been here before. This […]

How being kind to colleagues can really improve your professional life

“BE kind” is now a buzz-phrase of the pandemic. But do you apply it at work? It is Random Acts of Kindness Week and employment experts are urging the nation to be caring to colleagues. 6 Being caring to colleagues is the win-win way to go for bosses and staffCredit: Getty Images – Getty Government […]

Unemployment Claims Dropped Last Week as Coronavirus Cases Eased

New claims for unemployment fell last week, the government reported on Thursday, the latest sign that the labor market’s recovery, however slow and unsteady, is continuing. “The numbers look encouraging on the face of it,” said Gregory Daco, chief U.S. economist at Oxford Economics. He and other analysts, however, cautioned against reading too much into […]

Beyond Meat strikes partnerships with McDonald’s and Yum Brands

Beyond Meat has inked two new major new deals, with McDonald’s and Yum Brands, that will bring new plant-based items to fast food menus. The separate distribution agreements announced Thursday will result in “craveable and innovative” new menu choices, the company said — including McDonald’s upcoming McPlant burger as well as plant-protein based pizza toppings, […]

Financing the small business sector : Time for government to do more

During a recent consultative forum to discuss the draft of government’s Local Content Policy document, it came as no surprise that the issue of financing for the small business sector which, incidentally, comprises the bulk of the country’s private sector, surfaced as a topic for discussion. The issues of access to funding and favourable funding […]

Keeping train one a good decision

Business Ryan Hamilton-Davis Friday 19 February 2021 Atlantic LNG plant in Point Fortin. File photo – The saying “it is better to have it and not need it, than to need it and not have it” fits well with the National Gas Company’s thinking when it comes to the Atlantic LNG and Train One, for […]

Guidelines for Small Businesses re: Financial Assistance

The Ministry of Energy, Small Business and Entrepreneurship is reminding small businesses eligible for Government’s financial assistance during the national pause that there are strict guidelines that govern the operation of this programme. In light of reports of some persons trying to cheat the system, the Ministry has advised that those found attempting to commit […]

CDB projects return to economic growth in region this year

BRIDGETOWN, Barbados (CMC) — The Barbados-based Caribbean Development Bank (CDB) is projecting an average gross domestic product (GDP) growth of 3.8 per cent this year for Caribbean countries. But in its Regional Report: 2020 Review and 2021 Outlook, released Thursday, the region’s premier financial institution, said the projections is clouded by the ongoing uncertainty, caused […]

What is the gig economy? Meaning explained

MILLIONS of Brits are employed under a system known as the “gig economy”. But what exactly is the gig economy? Here’s what you need to know following the”historic” court ruling against Uber. 1 Deliveroo workers are paid per drive, instead of per hourCredit: Reuters What is the gig economy? “Gig economy” workers are paid for […]