Caribbean Business
Christmas joy is reaching even more families and children in need, thanks to telecoms provider Flow. In keeping with its annual tradition, the company has delivered over 100 gifts to the Barbados Child Care Board (CCB) and $20 000 worth of supermarket vouchers to several charities. Flow’s employees participated in...
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Published on: 2024-12-21
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Business
In a move to widen the social safety net for the island’s hurricane-ravaged fishing industry, the Mottley administration said Friday it has extended social security benefits for out-of-work fishers for an extra three months, as they continue to recover from Hurricane Beryl which destroyed or disabled most of the island’s...
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Published on: 2024-12-21
Source:
Business
A government senator has described the Maritime and Underwater Heritage Bill 2024 as a significant piece of proposed legislation that will allow Barbados to leverage its marine assets and provide legal coverage of their value. Senator Dr Shantal Munro-Knight, minister in the Prime Minister’s Office with responsibility for culture, made...
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Published on: 2024-12-20
Source:
Business
Businesses in Barbados now have an additional six months to modernise their operations and embrace technological advancement following an extension of the government’s digital transformation tax credit.  Speaking in Parliament on Tuesday, Minister in the Ministry of Finance Ryan Straughn announced that the 100 per cent tax credit incentive,...
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Published on: 2024-12-19
Source:
Business
Barbados has secured a fresh injection of US$56 million ($112 million) from the International Monetary Fund (IMF) after exceeding expectations in its fourth programme review, signalling strong economic growth and impressive strides in climate resilience initiatives. The funds come as the country continues to impress international partners with its homegrown...
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Published on: 2024-12-19
Source:
Business
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