Monday, April 22, 2024

Hardball paying off for BIDC


Share post:

WHEN IT COMES to delinquent tenants, the Barbados Investment and Development Corporation (BIDC) has been playing hardball of late.

The country’s leading industrial estates landlord was faced with a massive amount of unpaid rent up to 2015, but according to chief executive officer Sonja Trotman, that is now changing, as the Government agency goes all out to return to the black. sonja-trotman

“We have been able to collect our rents a lot better in the last year. The way we have been able to do that is by better policing who owes us, and taking serious action when necessary,” the CEO told the SUNDAY SUN.

In April last year, the BIDC was owed a whopping $11 million by delinquent clients, forcing it to take certain measures. The agency has just under 200 clients in total.

Please read the full story in today’s Sunday Sun, or in the eNATION edition.


Please enter your comment!
Please enter your name here

Related articles

Female body found in well at Carmichael

The body of a female was retrieved from a well at Carmichael, St George about 11:15 p.m on...

Body found at Carmichael, St. George

Emergency officials are attempting to recover what appears to be a body at Carmichael, St George. Police public affairs...

Blackett endorses Yearwood, no-confidence in Thorne

Pandemonium broke out at a quarterly review meeting of the Democratic Labour Party (DLP) this evening after general...

Netanyahu to reject any sanctions on army units

Israel's Benjamin Netanyahu has vowed to reject any sanctions on the country's military, after reports that the US...