Private sector entities are being urged to consider investing in a research and development fund, in order to stimulate innovation in Barbados.
Barbados has moved away from a situation where the island recorded fiscal deficits to registering fiscal surpluses.
The Barbados government will not be taking any new capital market loans over the next four years as it seeks to put a stop to spending more than it earns while focusing on ‘growing’ the island’s economy, the Minister in the Ministry of Finance and Investment, Marsha Caddle has said.
Minister in the Ministry of Economic Affairs and Investment Marsha Caddle has addressed concerns regarding First Caribbean International Bank following news that some of its shares are being acquired by Colombian based GNB Financial Group Limited.
Chinese e-commerce giant Alibaba’s Singles’ Day shopping frenzy is set to break records in its 11th year.
Barbados’ economy is on track.
Scotia Bank has scrapped the sale of its holdings in two Caricom states and will continue to run the operations for the time being.
After expanding by 4.4 per cent this year on the back of continued strength in the construction and services sectors ahead of oil production in 2020, Guyana’s economy could grow by a further 86 per cent next year, according to the International Monetary Fund (IMF).
Republic Financial Holdings Limited (RFHL) has now closed its acquisition of seven Scotiabank operations.
Prime Minister Mia Amor Mottley has underscored the importance of Suriname-Barbados business relations, saying there are phenomenal trade and investment opportunities with that South American country.