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Abed chides Government

Abed chides Government

President of the Barbados Chamber of Commerce and Industry (BCCI), Eddie Abed, has given the Government a severe tongue lashing for ignoring the recommendations of the Fiscal Deficit Committee, which was convened by Prime Minister Freundel Stuart earlier this year.  Abed accused the Stuart-led Cabinet of behaving as if they alone had the answers to the country’s […]

Revenue loss partly to blame for new taxes

Revenue loss partly to blame for new taxes

Revenue loss from the once lucrative international business and financial services sector is being partially blamed for the introduction of new taxes. Delivering a presentation to the Social Partnership on Friday, Acting Governor of the Central Bank Cleviston Haynes said Government’s revenue continued to be challenged due to considerably lower corporation taxes being collected mainly […]

Fatal accident in St George

Fatal accident in St George

Police are investigating the circumstances surrounding a road fatality which occurred in the wee hours of this morning along Dash Valley Road St George. Thirty-five-year-old Shane Jamol Belle was killed while his two friends, 24-year old Michael Payne and 22-year-old Rasheed Phillips, were injured in the accident. Preliminary investigations are that around 2 a.m. Phillips, […]

NUPW wants to know what happens to NSRL funds

NUPW wants to know what happens to NSRL funds

The country’s largest public sector trade union wants to know what the Freundel Stuart administration has done with the monies collected from the controversial National Social Responsibility Levy (NSRL) introduced last September 1 at a rate of two per cent of the customs value of domestically manufactured goods and on goods imported into Barbados. When […]

BWU: PM’s closing comments erodes gains made at meeting

BWU: PM’s closing comments  erodes gains made at meeting

Whatever confidence that today’s meeting of the Social Partnership might have brought the labour movement and Government closer to a consensus on the controversial National Social Responsibility Levy (NSRL) was eroded in a flash when Prime Minister Freundel Stuart delivered his closing remarks, according to General Secretary of the Barbados Workers’ Union (BWU) Toni Moore. […]

The bull had to be held by its horns, says Stuart

The bull had to be held by its horns, says Stuart

Prime Minister Freundel Stuart told Barbadians today that the National Social Responsibility Levy (NSRL) was not introduced “by stealth”, but resulted from extensive discussions among experts in the Ministry of Finance and Economic Affairs and the Central Bank. Stuart gave Barbadians this assurance today while wrapping up an eight-hour meeting of the Social Partnership at […]

Sinckler presents dire economic picture

Sinckler presents dire economic picture

Minister of Finance Chris Sinckler has painted a gloomy picture of the economy, blaming the global economic downturn of 2008 as the root cause of the problem. He told today’s meeting of the Social Partnership at the Hilton Barbados Resort that the crisis had placed significant pressure on a number of vitals sectors, including international […]

We’re fed up!

We’re fed up!

The road to a possible third consecutive term will not be smooth for Member of Parliament for St Michael West Central James Paul, who will have to navigate the massive potholes of apathy and a strong demand for change. Paul barely scraped through when he was first elected in 2008 on a Democratic Labour Party […]

Another slowdown

Another slowdown

The Barbados economy, which grew by an estimated 2.2 per cent during the first half of this year, is expected to slow by the end of 2017. Acting Central Bank Governor Cleviston Haynes gave the revised projection today as he addressed a meeting of the Social Partnership at the Barbados Hilton Resort. While suggesting that […]