The Jamaica-based Sandals Resort International (SRI) says it intends to “vigorously defend” a class action law suit filed in the United States that claims the hotel chain engaged in deceptive tax collection practices for decades.
The Eastern Caribbean Central Bank (ECCB) says the Eastern Caribbean (EC) dollar remains a strong currency as it launched the new family of EC polymer notes throughout the sub-region.
Prime Minister Mia Amor Mottley believes the time has come for the creation of a sinking fund for infrastructure replacement in Barbados over the next few decades.
A top official here has blasted a report by an international campaign group that places Bermuda number two on a list of “the most corrosive corporate tax havens in the world”.
The Antigua and Barbuda government is defending its position regarding the sale of Soctiabank operations there even as it announced that all the Canadian banks operating here have expressed a desire to leave the country.
Local and regional entrepreneurs have been urged to view lip-service as an unnecessary evil that would only lend to the demise of meaningful efforts to transform the micro, small and medium enterprise sector.
The chairman of the Caribbean Community (CARICOM), Prime Minister Dr. Timothy Harris says one the biggest economic and financial challenges facing the 15-member grouping is the practice engaged by the large global commercial banks to terminate their corresponding banking services.
Over a hundred local entrepreneurs are set to reap major benefits from their regional and international counterparts over the next two days.
Government understands tourism will lead Barbados out of its current economic challenges, and as such, supports programmes which train and educate those in the industry.
The Antigua and Barbuda government says it remains optimistic that an agreement could reached regarding the sale of Scotiabank to a consortium of local stakeholders.