Tuesday, April 23, 2024

Economy ‘picking up’


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THERE ARE SIGNS that the economy “is beginning to pick up” and Government is moving to ensure Barbados’ smallest businesses benefit from the rebound.

While asserting he would “leave the rest of the details” about what he saw as an economic resurgence to Minister of Finance Chris Sinckler and Central Bank governor Dr DeLisle Worrell, Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss said the millions of dollars being invested by Massy and the dozens of people it was employing was a signal of the economic turnaround.

He was speaking earlier today at the official opening of The Dome Mall, at Warrens, St. Michael. Massy invested more than $4 million to transforming its existing building into the new shopping mall and Inniss pointed out this had generated employment for 120 people

“A week ago we would have taken part in a similar activity in the Sky Mall, which would have generated about 130 jobs. So for all of those naysayers I believe the evidence is there that the Barbados economy is beginning to pick up,” he said.

In terms of ensuring micro, small and medium sized businesses benefitted from any economic resurgence, the minister said a special committee would be meeting next week to formulate plans to help these enterprises. (SC)

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