Barbados

  • April 11, 2013
    782

    No need for IMF

    BRIDGETOWN, Barbados, Advocate – There is no need for an International Monetary Fund (IMF) ‘rescue mission’ for Barbados. This was the assertion coming from Central Bank Governor, Dr. Delisle Worrell, following a contraction in the economic performance of the first quarter of 2013, and with virtually flat projections for the economy. Speaking at press conference at the Central Bank to…

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  • April 10, 2013
    772

    Contraction

    BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados Tuesday said that the local economy contracted by 0.4 per cent in the first three months of 2013 and urged the authorities to put “back on track” the fiscal consolidation strategy as well as a new medium term adjustment strategy to turn around the island’s economic fortunes. In its review of…

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  • April 10, 2013
    804

    Region must keep up with technology

    BRIDGETOWN, Barbados, Advocate – Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss says the Caribbean has to keep up with technological changes in order to take full advantage of doing business in a global village. “I sense that the days of credit cards with magnetic strips may be going the way of the pay phone or…

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  • April 10, 2013
    816

    EU putting resources to develop innovative youth

    BRIDGETOWN, Barbados, Advocate -The European Union (EU) is funding programmes and providing resources to ensure that young creative minds are given more opportunities to develop their craft. Working with the government, the hope is to further enhance the resources within the Fine Arts Division at the Barbados Community College while calling on teachers to explore multiple intelligences and varied teaching…

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  • April 10, 2013
    825

    Myrie hearing comes to a close in Trinidad

    BRIDGETOWN, Barbados, Advocate – The Caribbean Court of Justice (CCJ) will give its ruling in the matter of Shanique Myrie against the Government of Barbados at a later date, which is yet to be announced. The matter came to a close yesterday at the CCJ’s Headquarters in Port-of-Spain, Trinidad, with President of the CCJ Dennis Byron adjourning the matter so…

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  • April 9, 2013
    799

    Follow-up is essential

    BRIDGETOWN, Barbados – Technocrats can do a lot more to build confidence in the ability of state institutions to facilitate an enabling environment for business, to create a greener environment for generations to come and to position Barbados to take full advantage of its CARICOM membership. Recently, Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, stated…

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  • April 8, 2013
    807

    EU support for region continues

    BRIDGETOWN, Barbados – THE recent announcement by European Union officials of an investment package for the Caribbean is good news all around. Not only is the proposal a welcome piece of information by recipient countries, which are witnessing a slowdown in capital inflows, but the announcement of the Caribbean Investment Facility (CIF) also conveys the position that there remains support…

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  • April 5, 2013
    830

    Supine and silent: The Caribbean in a vortex BRIDGETOWN, Barbados – How beneficial or not to the Car

    BRIDGETOWN, Barbados – How beneficial or not to the Caribbean is the Economic Partnership Agreement (EPA) between the 27-nation European Union (EU) as a bloc and the 15 small Caribbean members of CARIFORUM individually? Five years after the EPA became operational, this issue is still being debated.  But, it is a sterile debate.  The EPA – with all its flaws,…

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  • April 5, 2013
    797

    Private sector should lead

    BRIDGETOWN, Barbados – “The private sector must be the driver of the economy!” This is the expressed view of His Excellency, the Hon. Robert Morris, CHB, Barbados’ Ambassador to CARICOM, as he delivered the featured address at the Combermere School’s Annual Speech Day and Prize-giving Ceremony. He noted that one of the problems he had detected in CARICOM is that…

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  • April 4, 2013
    892

    A paradigm shift

    BRIDGETOWN, Barbados – Given the parlous state of regional economies, there could scarcely be disagreement that if any of our traditional officious bystanders, the little green man from Mars, the fly on the wall or the politically observant “blind man on a trotting horse” were to observe our current situation, he would offer a view that “it cannot be business…

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