News Feed

October 21, 2016 - Combermere thrash Graydon Sealy Former champions Graydon Sealy had ... +++ October 21, 2016 - Diabetes rate too high With 200 amputations said to taking ... +++ October 21, 2016 - Bring back our national bank – Abed Amidst increasing calls for the pri ... +++ October 21, 2016 - Assault and drug accused get bail Several people who appeared before ... +++ October 21, 2016 - NUPW threatens weekend strike Government workers are planning to ... +++ October 21, 2016 - On board Outspoken Government minister Donvi ... +++

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Your email address will not be published.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 *