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Leadership change needed – Blanchard

Leadership change needed – Blanchard

A former Cable & Wireless chief executive is challenging political and business leaders here to motivate the country in order to rescue the ailing economy. Ian Blanchard, now chief executive officer of the Caribbean Institute of Leadership and Coaching, today said results are best obtained when people are motivated and passionate about what they do. […]

NUPW left out of economic consultations

NUPW left out of economic consultations

The island’s largest public sector union Monday accused Prime Minister Freundel Stuart of treating it with “scant respect”. The charge was levelled by the National Union of Public Workers (NUPW) in a statement issued to Barbados TODAY, after it was left out of tripartite economic consultations last week. In fact, the union said it was only […]

Demagogues!

Demagogues!

The country’s worryingly low foreign exchange reserves could take a further blow from the construction of the US$100 Hyatt Centric Resort on Bay Street, The City – at least in the immediate term, social activist David Comissiong has charged. In a strong retort to criticism by two Government ministers that his legal challenge to the […]

Tax stain on Barbados sticks, says Inniss

Tax stain on Barbados sticks, says Inniss

Minister of International Business Donville Inniss is cautioning that Barbados will not soon escape the stain brought upon it for being declared a tax haven. “The tax haven label is not something that has gone away, slowed down or will go away in any foreseeable future,” Inniss told Barbados TODAY. This sentiment came on the […]

Sinckler not focused on downgrades

Sinckler not focused on downgrades

Minister of Finance Chris Sinckler says he will not despair over the fact that the sale of the state-owned Barbados National Terminal Company Limited (BNTCL) to regional petroleum products giant Sol, will not be finalized in time to be factored into the calculations of international credit rating agencies Standard & Poor’s and Moody’s, who are expected […]

We’re stuck and not growing – Carrillo

We’re stuck and not growing – Carrillo

The people of Barbados and the rest of the region have a sense of entitlement and a high degree of arrogance that get in the way of economic growth, according to an expert on strategy and innovation. Compounding the problem, said Dr Miguel Carrillo, the executive director and professor of strategy at the Arthur Lok […]

The foreign reserves picture appears to be getting gloomier, with noted Caribbean economist Marla Dukharan that in February 2017 the reserves had recorded “its fastest pace of decline” since November 2013. And the situation is not expected to get any better anytime soon, according to the RBD Group economist. In the April 2017 RBC Caribbean […]

Cut wages

Cut wages

It’s a recommendation that will not sit well with trade unions here. However, a noted Caribbean economist is recommending that the Freundel Stuart administration should reduce public sector wages to help deal with the country’s economic problems. This, according to Marla Dukharan, would be a better alternative to further reducing the workforce. Presenting an outlook […]

Wrong way

Wrong way

Don’t devalue the Barbados dollar! That was the advice from former governor of the Central Bank of Ireland Patrick Honohan, who Thursday night warned that devaluation would take the country down a slippery slope to the point of no return. Questioned during the Caribbean Economic Forum sponsored by the Central Bank of Barbados, Honohan said far […]

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