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...
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...
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 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’ 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...
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...
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...
Princess Hotels & Resorts is making a significant impact on Jamaica’s tourism industry, offering luxury weddings, premium events, and world-class hospitality just months after opening. A Strong Start in the Luxury Market Since launching operations two months ago, Princess Hotels & Resorts has already secured 100 wedding reservations and over 60 group bookings for 2025. This rapid success...
Barbados' economy is set for steady expansion, with the Central Bank projecting an annual real GDP growth of three percent in the short to medium term. Governor Dr. Kevin Greenidge shared this encouraging outlook during his 2024 economic review, highlighting key sectors that will drive progress and strengthen the nation’s economic resilience. Strong Investment Driving Economic Growth A key factor...
The Caribbean Hotel and Tourism Association (CHTA) has announced plans for the region’s inaugural luxury travel trade show, set to take place in late September. CHTA President Josef Forstmayr described the event as a showcase of the Caribbean’s ability to compete with the world’s leading destinations for high-end travelers. “The Caribbean is the most aspirational region in the world, and we...