The Fair Trading Commission (FTC) is gearing up for a transformative expansion and reform, reinforcing its role in consumer protection and utilities regulation. Minister of Energy and Business, Senator Lisa Cummins, unveiled these changes during Monday’s Senate debate on the Appropriation Bill, 2025. She also announced that, effective April 1, attorney Brian Reece will take the helm as the new Chief...
Barbados is set to welcome three British companies in the coming weeks as they explore business opportunities in housing, alternative energy construction, and business development. This development follows a highly productive meeting between the Greater Birmingham Chamber of Commerce (GBCC) and Barbados representatives, including Deputy High Commissioner Mackie Holder and Athelston “Tony” Sealey,...
Barbados is set to welcome a game-changing addition to its tourism sector as Sandals Resorts International (SRI) unveils plans for its first-ever Beaches Resort on the island. This massive project, located on the site of the former Heywood’s Hotel Resort and Almond Resort in St. Peter, is being hailed as the largest single tourism investment in Barbados’ history. Beaches Barbados: A New Family...
Please find a list of our recommended lenders in Barbados for Local and USD Mortgages: Barbados Dollar Mortgage Lenders *Residential Mortgages ($BDS) Adrian Waithe - CIBC Private Banking: +1 (246) 234-8067 /[email protected] Kelin Roberts - Republic Loans: +1 (246) 243-2821/[email protected] Russel Campbell: RBC Mortgages: +1 (246)...
Barbados is experiencing a significant transformation in its tourism and hospitality sectors, with several high-profile developments set to enhance the island's luxury offerings and create substantial employment opportunities. Here's an overview of these exciting projects : Pendry Barbados – Six Mens, St. Peter Pendry Hotels & Resorts is introducing a luxurious property in Six Mens, St. Peter....
The latest budget introduces several measures designed to strengthen economic growth, enhance resilience, and ease the cost of living. From tax breaks to new social benefits, these updates affect businesses, workers, and everyday citizens. Here’s a breakdown of the most important changes and what they mean for you. Building a More Resilient Future The government is repurposing the Catastrophe Fund...
Barbados is a vibrant hub for business and investment, offering a transparent and supportive environment that welcomes foreign ownership and entrepreneurship. With a stable economy and robust legal system, Barbados is well-equipped to facilitate the seamless start and growth of your business. Expanding Treaty Network Investing in Barbados means gaining access to a wide network of international tax...
Barbados is stepping up its efforts to maximize oil and gas production, unveiling a bold energy strategy that blends innovation with sustainability. The government is introducing advanced recovery techniques and carbon capture initiatives to revitalize the nation’s energy sector while ensuring environmental responsibility. Revamping Onshore Wells for Greater Efficiency Minister of Energy and...
Barbados is taking a bold step toward modernizing governance with the appointment of Senator Jonathan Reid as the new Minister of Industry, Innovation, Science, and Technology (MIST). During a brief swearing-in ceremony at State House, Reid was officially sworn in by President Dame Sandra Mason, marking a renewed commitment to efficiency and digital transformation. Prime Minister Mia Amor Mottley...
Barbados is riding a wave of economic success, with growth surging to an estimated 4% in 2024. Thanks to strong performances in business services, tourism, and construction, the island’s financial outlook remains positive. The country’s home-grown Barbados Economic Recovery and Transformation (BERT 2022) program continues to yield impressive results, supported by the International Monetary Fund’s...