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Sunday, May 18, 2025

Caribbean Business

A US$2.93 million (BDS$5.92 million) coastal fisheries resilience project, backed by the United Nations and Japan, was launched on Monday to help the island’s fishing industry recover from the widespread devastation of the fishing fleet caused by Hurricane Beryl in 2024. The project is being implemented through a partnership between... Read more
Published on: 2025-04-15
Source: Business
Businesses —especially small and medium-sized enterprises (SMEs)— must urgently transform their export-import strategies to mitigate risks from global trade disruptions and seize emerging opportunities,  Mark Hill, CEO of Export Barbados (BIDC) has told Barbados TODAY. Speaking against the backdrop of escalating US-China trade tensions, Hill emphasised the importance of securing... Read more
Published on: 2025-04-12
Source: Business
The entertainment industry is booming with a surge in events during the Crop Over season, but industry leaders warned on Tuesday that crippling costs and a lack of skilled workers threaten to stifle its potential.   President of the Entertainment Association of Barbados, Rudy Maloney, speaking to Barbados TODAY ahead... Read more
Published on: 2025-04-11
Source: Business
Barbados has secured a $30 million loan from the World Bank to enhance its disaster risk management and ensure quicker, more effective responses in the face of emergencies.  The Disaster Risk Management Development Policy Loan includes the Catastrophe Deferred Drawdown Option (Cat DDO), an innovative World Bank financing instrument that... Read more
Published on: 2025-04-11
Source: Business
Prison officers are demanding immediate payment of thousands of dollars in unpaid overtime for extended duties during the COVID-19 pandemic, accusing the authorities of neglecting their sacrifices despite repeated appeals.   But Minister of Home Affairs Wilfred Abrahams said on Wednesday that he is aware of the issue and expects... Read more
Published on: 2025-04-10
Source: Business
Industrial action by workers of concrete fabricator Preconco over health and safety concerns has led to commitments from the company to address key grievances, including compensation for safety equipment and government-led reviews of machinery.   The Barbados Workers’ Union (BWU) and construction magnate Mark Maloney’s flagship firm reached an agreement... Read more
Published on: 2025-04-09
Source: Business

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