News Room

American Business Dialogue Newsletter 2016

Over 70 business leaders from 22 countries in the region discussed how to move forward with the governments on the implementation of some of the American Business Dialogue recommendations focused on improving infrastructure and strengthening trade; facilitating financial resources for economic growth, stimulating innovation and development of human capital; and maximizing the potential of the region's energy resources.

May 2016

Trade growth to remain subdued in 2016 as uncertainties weigh on global demand

Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, unchanged from the 2.8% increase registered in 2015. Imports of developed countries should moderate this year while demand for imported goods in developing Asian economies should pick up. Global trade growth should rise to 3.6% in 2017, WTO economists reported on 7 April.

April 2016

Central Bank of Barbados Dec 2015 Press Release

The Barbados economy is estimated to have grown by 0.5 percent in 2015, thanks mainly to a stellar tourism performance. There was a 13 percent increase in airlift from major source markets, an expansion in room stock, and refurbishment of aging hotel plant. The tourism outturn was the best on record since 2007, with activity in the sector rebounding to pre-crisis levels. Tourism receipts grew by an estimated 5 percent, with arrivals up by 14 percent, and all major markets recorded double digit increases.

Source: Central Bank Barbados

http://www.centralbank.org.bb/Portals/0/Press%20Release%20December.pdf

January 2016

CARICOM negotiators push key issues as COP 21 releases draft agreement

December 9, 2015

As negotiators review a preliminary draft agreement issued Wednesday at the UN Climate Change conference, COP 21, in Paris, CARICOM Ministers and Heads of delegations are pressing for outstanding concerns to be adequately represented in the final outcome agreement, due on Friday

http://today.caricom.org/2015/12/09/caricom-negotiators-push-key-issues-as-cop-21-releases-draft-agreement/

December 2015

(Barbados) Government reports savings

January 20, 2015, Bridgetown, Barbados

GOVERNMENT, which said it is committed to reducing Transfers and Subsidies, has registered some savings from that expenditure item over the course of the last year. 
Information published on Government’s fiscal position shows expenditure on those allocations totalling $719.8 million at the end of last year.

Retrieved from: http://www.barbadosadvocate.com/

January 2015

CARICOM Governments to increase quality information on the Single Market to CARICOM nationals

Thursday, 27 November 2014 CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana

CARICOM nationals in six Members States are to benefit from a greater flow of tailored information on the CARICOM Single Market (CSM). This is under a new project that aims to connect nationals with the information they need to work, travel and do business in participating CARICOM countries.

Read here: http://www.guardian.bz/all-politics/8697-caricom-governments-to-increase-quality-information-on-the-single-market-to-caricom-nationals

December 2014

Barbados and U.S. Sign FATCA Agreement

The Government of Barbados is committed to the implementation of global standards for the supervision and regulation of the international business and financial services sector.

Published on November 17, 2014
by Kathyann Husbands
Source: BGIS Media - http://gisbarbados.gov.bb/

November 2014

Strong warning from Inniss

October 22, 2014, Bridgetown Barbados

Minister of Industry Donville Inniss today issued a strong warning to hoteliers who are set to receive significant concessions from Government.

http://www.barbadostoday.bb/
Source: Barbados Today

 

October 2014

Caricom implements market surveillance system

Wednesday September 10th

As member states seek to more aggressively implement the Caricom Rapid Alert System for the Exchange of Information on Dangerous (Non-Foods) Consumer Goods (Carrex) system, Hilda Kelshall, consumer health and safety officer, CSME Secretariat in Barbados, says that countries need to become their brother’s keeper in a concerted effort to protect consumers. 

Source: Trinidadian Guardian

Read here:http://www.guardian.co.tt/business/2014-09-10/caricom-implements-market-surveillance-system

September 2014

ENTREPRENUERSHIP AND TRADE AMONG WOMEN TO BE STIMULATED IN BARBADOS

 Bridgetown, September 01st 2014

 The Barbados Private Sector Trade Team in collaboration with the  Small Business Association will host a half day workshop to better equip women with what is needed to start, formalise or grow their own businesses. The workshop will be held at Begnalls Point, Pelican Craft Centre, Thursday 11th September 2014, from 8: 30 am to 1pm.  

Source: Business Monday (pg 9)

 

September 2014

No Secrets Under FATCA

August 26 2014

Information about financial accounts held by Barbadians in the United States could soon have to be reported to local authorities. And accountants, operators of offshore entities and legal advisors have been warned that there was a possibility that nothing they do financially in the future would remain a secret.

by Marlon Madden

Source: Barbados Today

Read here : http://www.barbadostoday.bb/2014/08/26/no-secrets-under-fatca/

August 2014

UWI, Caricom not filling intellectual void

Wednesday August 13, 2014

On several occasions we have lamented the intellectual void which prevails in Caribbean economic policy, despite the creativity shown in every other field of endeavour. This, we believe, is largely the cause of the individual national and collective regional failure to effectively respond to the global economic crisis and, indeed, the lack of macroeconomic resilience to the impact of the crisis.

Source: Jamaica Observer

Read here: http://www.jamaicaobserver.com/editorial/

August 2014

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