barbados business

Caribbean News – CDB Urges Regional Collaboration to Boost Trade and Economic Growth

The Caribbean Development Bank (CDB) is urging regional governments to ramp up investments in modern trade and statistical systems to enhance competitiveness and economic resilience. Speaking at the Regional Workshop on Measuring Digital Trade for CARICOM Countries—hosted in collaboration with the World Trade Organization (WTO) and UN Trade and Development (UNCTAD) in Trinidad and Tobago—CDB’s...

Barbados News – O2 Beach Club & Spa Partners with Global Luxury Travel Leader Virtuoso

Boutique Barbados resort O2 Beach Club & Spa has been welcomed into Virtuoso, an exclusive network of luxury travel advisors, according to Patricia Affonso-Dass, CEO and group general manager of Ocean Hotels Barbados. As one of Virtuoso’s 2,300 preferred partners across 100 countries, O2 Beach Club & Spa is set to elevate its profile among discerning travelers. Virtuoso-affiliated agencies...

Caribbean News – Caribbean Hospitality Experts Highlight 5 AI Trends for 2025

Artificial intelligence (AI) is transforming industries worldwide, and the Caribbean hospitality sector is embracing this wave of innovation. At the latest Caribbean Hospitality Industry Exchange Forum (CHIEF), hosted by the Caribbean Hotel and Tourism Association (CHTA), industry experts outlined how AI is redefining guest experiences, streamlining operations, and preserving the region’s rich cultural...

Barbados News – OECD Report Highlights Barbados’ Commitment to Fair Taxation

Barbados has successfully passed a key international evaluation, reaffirming its commitment to combating harmful tax practices and upholding global financial standards. The Organisation for Economic Co-operation and Development (OECD) has officially recognized the island’s progress in meeting international tax regulations. According to its latest peer review—conducted through the Forum on Harmful...

Caribbean News – CDB’s 55th Annual Meeting to Focus on Resilient Institutions for a Sustainable Caribbean

The Caribbean Development Bank (CDB) is set to host its 55th Annual Meeting of the Board of Governors in Brasília, Brazil, from June 9-12, focusing on the role of strong institutions in shaping a greener, more resilient, and inclusive Caribbean. Under the theme Building the Future: Resilient Institutions for a Greener, Stronger, and Inclusive Caribbean, the event will bring together leaders and...

Barbados News – Fintech Boom Gains Momentum as Startups Attract Investment

The Caribbean's fintech sector is gaining traction, with the recent FinTech Islands Experience (FiX25) in Barbados drawing international investors and industry leaders. The event, now in its third year, highlighted the region’s growing potential in digital banking, mobile payments, and financial technology solutions, according to co-founder and CEO Allison Hunte. Hunte emphasized that FiX25 was...

Barbados News – Business Barbados Launches to Boost Efficiency and Competitiveness

Barbados has taken a significant step toward improving its business climate with the official launch of Business Barbados, a modernized entity designed to streamline business registration and regulatory processes. Minister of Energy and Business Development, Senator Lisa Cummins, made the announcement, emphasizing that this initiative represents more than just a rebranding—it’s a strategic move to...

Barbados News – Luxury Resorts in Barbados Get $200M Facelift Under Marriott’s Plan

Barbados’ luxury hospitality sector is receiving a significant boost as the Elegant Group of Hotels, owned by UK-based Marriott International, embarks on a $200 million (US$100 million) renovation project. The extensive refurbishment aims to enhance the island’s all-inclusive accommodations and solidify its position in the competitive luxury travel market. The ambitious plan includes phased...

Investing in Barbados – Why UK Investors Should Look to Barbados?

Are you based in the UK and considering expanding your business internationally? Barbados offers a compelling opportunity for investment, with a stable economy, business-friendly policies, and direct air links to major UK cities. Whether you're in financial services, fintech, medical tourism, or niche manufacturing, Barbados is the gateway to success in the Caribbean. Barbados: A Thriving Economy for...

Caribbean News – CIBC Caribbean Unveils New Country-Focused Leadership Model

CIBC Caribbean has announced a significant shift in its country management structure, aiming to strengthen relationships with employees, clients, and the broader community. This restructuring, which takes effect on March 1, 2025, will leverage internal talent to drive the bank’s next phase of growth. Leading the new regional Country Management team is Donna Wellington, who has been appointed Chief...

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