In response to recent concerns regarding the Central Bank of Barbados' economic report and analysis, the institution has reiterated its commitment to accuracy, transparency, and public trust—principles that have been foundational throughout its 50-plus-year history. The Central Bank emphasizes the vital importance of precise, transparent, and objective economic reporting in maintaining public confidence...
The Caribbean Tourism Organization (CTO) has announced the preliminary roster of speakers for its upcoming State of the Industry Conference (SOTIC) in Grand Cayman, set to take place early next month. This year’s conference, held at the Westin Grand Cayman Seven Mile Beach Resort and Spa, is centered around the theme "Caribbean Tourism: Fueling Our Lifeblood." The theme underscores the critical...
Fortress Fund Managers (FFM) may see significant benefits for their Barbados dollar funds as global interest rates begin to decline. In FFM's June 2024 quarterly report, it was highlighted that the Fortress Caribbean Growth Fund, the Fortress Caribbean High Interest Fund, and the Fortress Caribbean Pension Fund are well-positioned to take advantage of this global trend. View Commercial Properties...
The Public Investment Fund (PIF) of Saudi Arabia has formed a multi-year partnership with Concacaf, setting the stage for significant advancements in football throughout the Caribbean. This collaboration aims to grow the sport at all levels across the region, with a particular focus on increasing opportunities and fostering a passion for football in Caribbean nations. This partnership is designed to...
The Government of Barbados is crafting a comprehensive modern industrial policy aimed at strengthening local manufacturers and enhancing their ability to compete in international markets. This announcement was made by Minister of Industry, Innovation, Science, and Technology, Marsha Caddle, during the Barbados Manufacturers’ Association’s (BMA) 60th anniversary Mix & Mingle event at Hayman’s...
Explora Journeys, the luxury cruise brand of MSC Group, is inviting travelers to embark on an extraordinary Caribbean adventure this winter season. With a selection of destination-immersive excursions available, guests aboard the Explora I and Explora II ships can experience the vibrant culture and breathtaking landscapes of the Caribbean from the convenience of a Bridgetown, Barbados...
President Donald Trump's corporate trust is in the process of selling a multimillion-dollar Caribbean resort, sparking renewed ethical debates. The property, known as Le Chateau des Palmiers, boasts two villas and five acres of prime beachfront on French St. Martin. This sale raises questions about potential conflicts of interest, as wealthy buyers may seek to gain favor with the administration by...
CARICOM member states have made significant strides in their renewable energy (RE) efforts, achieving a commendable 12% RE electricity penetration by 2022. This progress, while falling short of the original goal of 27%, marks a crucial step in the region's energy transition towards sustainability. This milestone was highlighted during a webinar hosted by The Caribbean Centre for Renewable Energy and...
In a recent interview with Vidwat Keshan, Associate Editor of Travel And Tour World, Cheryl Carter, Chief Operations Officer of Barbados Tourism, shared key insights on the island's evolving strategies to enhance its global tourism appeal. Speaking from the Arabian Travel Market (ATM) 2024, Carter discussed the initiatives that are positioning Barbados as a premier destination for luxury weddings, MICE...
Barbados is set to benefit from the construction of a new school dedicated to the arts and entrepreneurship, thanks to a global philanthropic initiative spearheaded by American entertainment reporter AJ Calloway. This school is part of Calloway's broader Nyame Bekyere project, which aims to foster creativity and innovation in the communities it serves. AJ Calloway, known for his work in the...