Advice to bank on

DO NOT GET caught up in sentimentality and nationalism.

Barbadians are being given that advice by president of the Barbados Economic Society, Jeremy Stephen, and former president of the Institute of Chartered Accountants of Barbados (ICAB), David Simpson, as debate continues over the looming takeover of Banks Holding Limited (BHL).

The two officials told accountants and other business leaders attending a panel discussion on promoting foreign direct investment and local ownership that foreign direct investment is critical to the country’s development and the issue should not centre on whether a company is Barbadian-owned.

Instead, Simpson said the focus should be on creating businesses that can attract foreign direct investments and have the potential to expand. (WILLCOMM)

Please read the full story in today’s Weekend Nation, or in the eNATION edition.