Cost control
Government has committed to keeping a tighter lid on its spending, including in relation to wages and salaries, this financial year.
This is in line...
More employers ‘closing pension plans’
Barbadian workers will have to do more individual saving for retirement as an increasing number of employers are closing their occupational pension plans.
The 2023...
$600m disaster bill
As Barbados counts the cost of damage from Hurricane Beryl, new research has concluded that the island took a $600 million hit from natural...
Sol appeals FTC decision
Sol Petroleum (Barbados) SRL says it has filed an appeal against the Fair Trading Commission’s (FTC) decision, stating that the fuel company engaged in...
IMF green light for US$56m draw down
The International Monetary Fund’s (IMF) executive board yesterday gave the green light for Barbados to immediately draw down about US$56 million from the institution.
This...
Report: Banks maintaining profits via fees
Commercial banks in Barbados are relying more on fee income to increase or maintain their profitability.
The 2023 Financial Stability Report stated this was the implication of...