The Caribbean Development Bank (CDB) has introduced the SheTrades Caribbean Grow and Go Grant Facility, a USD 500,000 programme designed to strengthen the competitiveness of women-led businesses across the region. The initiative, launched virtually on March 27, 2025, marks a significant step toward enhancing women’s participation in international trade. Targeting women-owned and led micro, small, and...
Public Service Vehicle (PSV) operators have welcomed the government's release of $3 million in financing to kick-start the transition to cleaner and more energy-efficient transport—a move that has been anticipated for years. Chairman of the Alliance Owners of Public Transport (AOPT), Roy Raphael, stated that the funding marks the long-awaited beginning of the PSV sector’s Transport Energy Project....
Barbados is charting a bold path toward becoming a premier transshipment and logistics hub with the introduction of the Seaport Industry (Management, Operations and Development) Bill, 2025. This transformative legislation aims to modernize the island’s maritime sector, enhance global trade competitiveness, and create new economic opportunities. Presented in Parliament by Minister of Tourism and...
Barbados is embracing a new chapter in its tourism industry, with major hotel developments set to enhance the island’s appeal and create thousands of job opportunities. The government’s vision includes six large-scale resorts opening by 2026, bringing fresh energy to the hospitality sector while catering to a growing number of American visitors. Among the most anticipated projects are Sandals...
The Green Climate Fund (GCF) Caribbean Regional Dialogue concluded last Friday with a powerful session, the Trade and Business Forum, which highlighted the vital role of the private sector in driving the Caribbean’s green transition. The forum, led by Caribbean Export, gathered key stakeholders from across the region to discuss how trade and business can accelerate climate resilience and economic...
The government of Barbados is taking steps to enhance its competitiveness in the luxury goods market as part of a broader economic and tourism strategy, according to Prime Minister Mia Mottley. Mottley has invited the Barbados Chamber of Commerce and Industry (BCCI) to propose recommendations for repositioning the island as a premier destination for high-end shopping. View Barbados Luxury...
CIBC Caribbean Bank Limited has reported a net income of US$55.8 million for the first quarter of its 2025 financial year, describing the results as “solid” despite a decline from the US$84.6 million earned in the same period in 2024. Impact of Credit Provisions on Performance Chief Executive Officer Mark St Hill attributed the year-over-year decrease in profit to higher provisions for credit...
One of the most significant trends shaping Caribbean real estate in recent years has been the rise of branded residential resorts. These developments, offering high-end residences with luxury hotel amenities provided by globally recognized brands, have been surging across the region, cementing the Caribbean as a global hub for this booming sector. View Barbados Resort Homes For Sale 5143 |...
The African Export-Import Bank (Afreximbank), Africa’s premier multilateral financial institution, has made history with the groundbreaking of its first-ever Afreximbank African Trade Centre (AATC) in the Caribbean. Located in Bridgetown, Barbados, this landmark project signifies a significant step in strengthening trade ties between Africa and the CARICOM region. A Milestone for Global Trade With...
The Barbados Revenue Authority (BRA) will auction 15 properties to the highest bidders on Thursday, March 27, 2025, at 9:30 a.m. The auction will take place in the Seminar Room of Sky Mall, Haggatt Hall, St. Michael. This auction follows an initial announcement of 29 properties, marking a significant reduction in the number of listings. The auction is being conducted under Section 34 of the Land Tax...