Barbados

  • June 11, 2013
    803

    Stumbling blocks to sustained growth

    BRIDGETOWN, Barbados – Owning 100 per cent of one apple tree is sadly still more attractive to many local businesses than owning only one per cent of an apple farm containing one million trees. Despite the fact that the latter options provides access to 10 000 trees, “calling the shots” seems to be higher up on the agenda than increasing…

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  • June 11, 2013
    803

    Government to introduce renewable energy legislation

    BRIDGETOWN, Barbados, CMC – The Barbados government says it will soon introduce legislation to facilitate renewable energy generation on the island. “We expect, within the next few months, to have the legislation passed for independent power producers,” said Energy Minister Darcy Boyce, adding “we’ve done this in consultation with the Barbados Light and Power (BL&P) because we do have to…

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  • June 11, 2013
    798

    Not up to mark!

    BRIDGETOWN, Barbados – A row may be brewing between Barbados and the Caribbean’s executive director at the Inter-American Development Bank (IDB). And the quarrel revolves around the “management of the Caribbean constituency office”, which represents the interest of The Bahamas, Barbados, Guyana, Trinidad and Tobago and Jamaica at the IDB. The office is headed by an executive director and an…

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  • June 11, 2013
    837

    The ongoing trade deficit problem for T&T and Jamaica

    BRIDGETOWN, Barbados – THE RECURRING challenges of a widening trade deficit for Jamaica with Trinidad and Tobago featured again in the Jamaican senate last Friday but climaxed with an understanding to pursue a non-confrontational strategy for reversal of this lingering negative trend. For all their often feisty political quarrels, both government and opposition senators joined forces to echo dissatisfaction over…

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  • June 10, 2013
    789

    EDITORIAL: Facing up to economic reality

    BRIDGETOWN, Barbados – THE RECENT notices of pending layoffs in the private sector will undoubtedly invite an aura of scepticism and concern among our working class population. The question on the lips of many of these workers will reside in the wonder “whose turn is next?” Although revelation of current unemployment statistics remains veiled in secrecy, the obvious closure of…

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  • June 7, 2013
    776

    B’dos slipping

    BRIDGETOWN, Barbados – BARBADOS, which once featured as one of the most sought after Caribbean tourist destinations has slipped from that position while St Lucia is slowly taking over. This was revealed in the just released Hayes & Jarvis May 2013 Long Haul Holidays Trend Report in which Barbados is among the Top 10 Bestselling Destinations once more. Despite this…

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  • June 7, 2013
    777

    Eye on energy

    BRIDGETOWN, Barbados – RENEWABLE ENERGY will be the centrepiece of Government’s economic programme outlined by Governor General Sir Elliott Belgrave in the Throne Speech yesterday. In the speech, a feature of the opening of a new parliamentary term, the Government committed itself to not only reducing the island’s overall $1 billion fuel bill by $150 million by 2018, but also…

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  • June 6, 2013
    791

    Green goal

    BRIDGETOWN, Barbados – THE Ministry of the Environment remains committed to Barbados’ goal of becoming the greenest economy in the Caribbean and Latin America. Minister Dr Denis Lowe made the pledge yesterday at The Crane Residential Resort, St Philip, where he toured a showcase under the theme Think, Eat, Save as the hotel commemorated World Environment Day. Lowe said the…

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  • June 6, 2013
    786

    EDITORIAL: Something amiss with our tourism

    BRIDGETOWN, Barbados – We often say that tourism is our business and that is true since it is a major foreign exchange earner for our vulnerable open economy which needs foreign exchange to ensure its stability. Recent developments have, however, caused us some concern and the latest statistics do not give us any comfort. A recent panel discussion held at…

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  • June 5, 2013
    782

    Africa yet to tap full potential

    BRIDGETOWN, Barbados – LAST MONTH Africa’s 54 leaders celebrated the 50th anniversary of the founding of the Organization of African Unity (OAU) – it became the African Union (AU) in 2002 – which had its origins in the struggle for decolonization and against apartheid. It was founded in 1963 in Addis Ababa, Ethiopia, the venue chosen to mark the anniversary.…

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