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Be thankful for privileges, Husbands tells children

Be thankful for privileges, Husbands tells children

Barbadian children are being advised against squandering the opportunities they have for a good education and the right to be heard. In fact, Parliamentary Secretary in the Ministry of Education Senator Harry Husbands said the children should be thankful for these rights and privileges, which he said some took for granted. “I am of the […]

Child Care Board reports progress in resolving abuse cases

Child Care Board reports progress in resolving abuse cases

The Child Care Board (CCB) is reporting breakthroughs in a number of cases being investigated by the state agency. However, Chairman Kenneth Knight would not disclose which cases had been fully resolved or how close the CCB was to concluding others. “It is substantial progress. There is not only one case, there are several cases […]

We have your back, IMF says

We have your back, IMF says

Barbados and other Caribbean countries can count on the support of the International Monetary Fund (IMF) in the fight to protect correspondent banking relationships, the lending institution’s head has assured. Managing Director Christine Lagarde said that some progress had been made, with “a major correspondent bank” offering at a closed-door meeting in Barbados last year, […]

IMF not ruling out devaluation of the Barbados currency

IMF not ruling out devaluation of the Barbados currency

The International Monetary Fund (IMF) has refused to rule out the possibility of a devaluation of the Barbados dollar should the country enter a fiscal programme with the lending institution. IMF Director for the Western Hemisphere Alejandro Werner told Barbados TODAY that devaluation would have to be a choice for Government to make. The Barbados […]

Tax concessions a ‘serious danger’ to economies – Golding

Tax concessions a ‘serious danger’ to economies – Golding

Barbados and other Caribbean countries are losing millions of dollars every year due to a number of concessions being used to lure investors to their shores, according to former Jamaican prime minister Bruce Golding. Golding has described the practice as a “serious danger” to economies, pointing out that it was almost impossible to wean some […]

Bite the bullet

Bite the bullet

Barbados must make difficult decisions with the help of the Social Partnership and stick to those decisions if the country is to pull itself out of the dire economic circumstances, two top economists have said. Acting Central Bank Governor Cleviston Haynes and Director of Economics at the Caribbean Development Bank Dr Justin Ram shared this […]

IMF complaint

IMF complaint

If Barbados or any other Caribbean country wants examples of “well-designed fiscal rules” that have helped to guide consolidation efforts it should look no further than Grenada, Jamaica or St Kitts and Nevis, the head of the International Monetary Fund (IMF) has suggested. In a hard hitting address today at the 2017 High Level Caribbean […]

Canada-based Deltro group still has its heart set on Barbados

Canada-based Deltro group still has its heart set on Barbados

With construction of a planned US$20 million solar photovoltaic manufacturing plant in Barbados yet to get off the ground, officials of the Canada-based Deltro Group Limited say they have been awarded a “significant contract” to build, own and operate a similar facility in northwestern Cuba. That project, which is to be operated and maintained by […]

Digicel responds to planned FTC crackdown

Digicel responds to planned FTC crackdown

Telecommunications company Digicel says it sees no reason to celebrate a move by the Fair Trading Commission (FTC) to bring the hammer down on three local utility companies, including its main competitor Cable & Wireless (C&W), which operates here as FLOW. However, in light of the FTC’s plans to issue new and amended standards and, […]

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