Maloney offers economic advice

Local developer Mark Maloney is recommending greater collaboration between the public and private sectors to help correct the challenges facing the island’s economy, with tourism at the centre of the process.

It is for this reason, Maloney said, that the authorities must continuously create opportunities to attract a range of investments in the sector.

“We have to look at charting our own way and creating opportunities for the country centred around tourism,” the controversial businessman said.

Maloney said concessions were necessary to woo investors, while he called on the private sector to be creative in its offerings to help attract the investment needed here.

“Investors want to bring their capital to where they feel comfortable working, living and playing and feel safe. And in each of those categories are opportunities that exist for Barbadian companies to establish that they are capable of supplying the services that people that come to Barbados to do business require. I think it is important that the public and private sector play an integral part in working together on this and it is not we and them and it is not seen as political and one party against the other,” he said.

He called on Government to ensure that large international and local companies investing here were foreign exchange earners and were not “depleting the foreign exchange levels”, while he pressed for a review of the restrictions on exchange controls to help with “shoring up the levels of reserves”.

The developer said there was a need for improved governance, business facilitation, communication and trust to help raise the level of confidence in the country, and he called on the private sector to recognize that they too, were sometimes guilty of creating some of the challenges they faced.

“I don’t mean to be critical about the private sector but the private sector has problems as well. We all make mistakes in our businesses . . . we start businesses and spend too much money to create them, our cost is too high but we don’t beat up on ourselves for the mistakes we make . . . Government, just like the private sector, makes mistakes,” he said.

14 Responses to Maloney offers economic advice

  1. James Austin Bynoe
    James Austin Bynoe March 21, 2017 at 1:08 am


    Interesting the guy getting all the government contracts is offering advice. Wunna think people stupid

  2. Angus Benn
    Angus Benn March 21, 2017 at 3:27 am

    You can do it by your self. Why you don’t offer some of the jobs that you are getting from government, to small contractors. Only you alone want to eat. As the government change , They linking down that structure you have closed to the flour mill with all of those dust going into the flour. I stop eating flour . Just now a lot of people will be suffering from cancer.

  3. Adrian Reid
    Adrian Reid March 21, 2017 at 5:16 am

    No government will touch him,he got to much going on…

  4. Dave Person
    Dave Person March 21, 2017 at 5:43 am

    If wanna want to give concessions then give them to the workers that building these new places and working at them.

  5. jrsmith March 21, 2017 at 6:00 am

    This guy is asking for trouble he should just stay clear of getting involve with management in the public sector, most of these people are not appointed because they are qualified person ,they are in jobs because of being party faithfuls, why you thing everything is failing in barbados which is government involvement…………………….

  6. Sundiata WorldTraveller Browne
    Sundiata WorldTraveller Browne March 21, 2017 at 6:14 am

    Who de cat like he does lick who he doan like he does scratch. Looka

  7. Kim Smith
    Kim Smith March 21, 2017 at 6:16 am

    I recommend he give back the treasure some of the money the goverment give him,that will go a long way

  8. Randy Hartman
    Randy Hartman March 21, 2017 at 7:03 am

    Do as I say but not as I do ))

  9. DOracle March 21, 2017 at 9:33 am

    Maloney earned every penny he hss fro hard work,smart thinking and delivering as promised… oppposed to whining a “gimme gimme fuh free”, stealing outright and delivering a lousy result MUCH later than promised. Which approach do you think Bajans should copy?

  10. Helicopter(8P) March 21, 2017 at 9:57 am

    As regard to the flour mill I would think that the T+C planning would have zoning rules and regulations. It would not be Mr.Maloney’s headache if the food chain was effected by industrial contamination.

  11. Bobo March 21, 2017 at 2:35 pm

    Mr Maloney please excuse these unnecessary comments–if only the locals will take time out and learn of their wonderful history instead of believing in their blinded thoughts —Knowledge is power –Knowledge is based on ”Facts of Reality”

    Thank you and your colleagues to spread ourBlack -White Ancestors ”Integrity” keep up the good works.

  12. Ann Thomas March 21, 2017 at 5:28 pm

    Please keep your self-serving advice to yourself, Mr. Maloney. I am sure that is a lot of advice that others could offer you.

  13. jus March 21, 2017 at 6:49 pm

    ER um!!
    My cat also like to give some advice.

    Shut up??
    I will not, till others do.
    my cat is BAJUN, so entitled like the rest of the Advisors.

    Probably make a more sense too.

  14. Ernesta Catlyn March 24, 2017 at 9:15 pm

    Bobo you obviously do not know the half of it


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