News Feed

January 27, 2015 - Calling for reform Calling for reform Amid a legal con ... +++ January 27, 2015 - Liquor licence ease promised Liquor licence ease promised Bars a ... +++ January 27, 2015 - From crisis to crisis From crisis to crisis Opposition Le ... +++ January 27, 2015 - Lost files show up Lost files show up Although Acting ... +++ January 27, 2015 - Heavy burden Heavy burden Commercial banks have ... +++ January 27, 2015 - DLP SHIFT DLP SHIFT Cabinet’s infrastructur ... +++ January 27, 2015 - No profits No profits Two plantations, for whi ... +++ January 27, 2015 - Green light for sugar factor financing Green light for sugar factor financ ... +++ January 26, 2015 - St Michael still champs St Michael still champs Three month ... +++ webdesign

International stock exchange the answer

International stock exchange the answer

The establishment of an international stock exchange can solve the island’s foreign exchange challenges, asserted Patrick Tannis.

“For years, we have said we wanted to restructure Barbados’ economy and that is what we are doing… The international stock exchange will solve the problem we have with foreign exchange retention…,” he told the crowd gathered at My Lord’s Hill, St. Michael.

“This will bring the end of dependence on the 35 weeks of imports… And the entities trading in New York … and Hong Kong will also be doing it here.”

Citing the party’s manifesto, St. Michael South East candidate Patrick Tannis said business facilitation between the Government and international businesses will improve through initiatives the party planned to undertake involving greater cooperation between regulatory and corporate affairs.

“Transactions that were once unavailable … international businesses will find working on the ground…,” Tannis added.

In addition, trade taxes will be reviewed in order to protect local businesses, the financial expert said.

Tannis also lauded the DLP’s decision to open a school of the arts, aimed at movie production. He said believed this facility could assist talented Barbadians in leading the charge in movie making and animation in the world. (LW)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>