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Bajan makes history at IAA

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Barbadian actuary Lisa Wade has made history.

She is the president-elect of the International Actuarial Association (IAA), making it the first time that someone from the Caribbean has been nominated to hold that post.

Wade’s nomination is expected to be finalised at IAA council and committee meetings in Tokyo, Japan, in November, clearing the way for her to become IAA president for 2028.

Her recommendation by the IAA nominations committee took place recently when the IAA, a worldwide association of professional actuarial associations, held council and committee meetings in Ljubljana, Slovenia.

“I am so honoured to be nominated to be the next president-elect of the International Actuarial Association at its recently concluded meetings in Ljubljana and look forward to the finalisation of my nomination at the IAA’s Tokyo council and committee meetings,” Wade said.

“As a lifelong actuarial volunteer on a regional and international level, I feel passionately about the actuarial profession and the contribution it makes to our societies. I am looking forward to working further with our member associations to grow the footprint of the actuarial profession.

“Bringing this honour to Barbados and the Caribbean is a source of great pride for me. My early years at the University of the West Indies forged my desire to contribute to the Caribbean’s development and I recognise, as I take this role on the global stage, that I will also be an ambassador for my region.”

Wade is principal of actuarial firm Eckler Limited and a past president of the Caribbean Actuarial Association (CAA).

“Eckler Ltd has been a great supporter of my volunteer journey and I would like to thank the Eckler team and the Barbados office for their great support,” she said.

Founded in 1895, the IAA has 73 full member associations and 24 associate member associations.

The CAA said in a statement that it was delighted about Wade’s nomination. She was the organisation’s president 2013 to 2015 and is credited with playing “a central role in strengthening the CAA’s institutional framework, including leading digital transformation initiatives, modernising its governance structure and developing strategic partnerships with key stakeholders”.

The CAA said Wade’s elevation to the IAA presidency “will recognise not only her contribution to the profession at an international level, but her desire to further the IAA’s development”.

“During her tenure at the IAA, she has served on its executive committee and has led initiatives to strengthen the institutional framework for the management of its supranational relationships as well as to broaden inclusion within the actuarial profession,” the regional body said. (SC)

Full roll-out of agro project coming ‘soon’

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The long-awaited Hope Agricultural Training Institute in St Lucy is already operational, with short courses now under way and a full roll-out scheduled for September as Barbados intensifies efforts to strengthen food security and reduce the island’s heavy dependence on imported food.

Minister of Agriculture, Food and Nutritional Security Dr Shantal Munro-Knight told a Nation team the project remained firmly on track and was already beginning to serve Barbadians interested in agriculture and agri-business.

“Hope is on. Courses have actually started and full roll-out would begin from September, but a number of different short courses are starting. From the ministry’s perspective, we are working on standing up the greenhouse facilities that are there as well and working to build up the full agricultural and farming facility there. Hope is ready and working.” 

The Hope Agricultural Training Institute is a 45-acre agricultural campus developed with the assistance of a $40 million grant from China. 

Government has positioned the facility as a key pillar in modernising Barbados’ agricultural sector, promoting climate-smart farming practices, strengthening food security and encouraging greater youth involvement in agriculture and entrepreneurship.

Munro-Knight’s comments came as concerns continue to mount globally over food supply disruptions, rising import costs and the potential impact of prolonged international conflicts on food availability.

Addressing questions about Government’s broader food security strategy and the role of a recently launched food centre promoting produce online, the minister said the initiative was not primarily focused on imported luxury items at the expense of local farmers.

“I don’t know that we produce grapes and blueberries and all of those things that the food centre is primarily doing. There is a very, very, very small selection of local produce and those are coming from local farmers. So, none of the local produce that you see are actually then being imported. Those are specific agreements that are done again with local farmers,” she explained.

The minister added that imported items available through the initiative were intended to help Barbadians access products at lower prices while easing the burden of high import costs.

“All the things that are imported are an attempt again to reduce the food import bill for critical things that Barbados would be buying at a high price traditionally,” she said.

Munro-Knight said Government was pursuing a comprehensive and long-term strategy to improve the island’s food resilience, noting that initiatives already under way were designed to prepare Barbados for future global supply shocks.

“So that’s why we have important initiatives like this. This crop escalation plan is not new. So it shows a level of foresight again by the board and BADMC to begin to plan for that,” she said.

The minister revealed that authorities were also examining ways to reduce the country’s dependence on imported agricultural supplies and inputs through innovation and regional partnerships.

“Very strategically we’re looking at a number of different things. So even just in terms of honey and bees. So we import maybe two per cent of all of the inputs that go into beekeeping. We’re looking at if we can work with other regional partners, local partners. Export Barbados had said to us that they have the possibility to actually 3D print the suits that are used as well,” she said.

She disclosed that Government would soon begin distributing fertilisers free of cost to farmers in a bid to ease production expenses amid rising international prices.

“Fertilisers are expensive and also one of the things that we are importing. So we’re looking very strategically, plank by plank, at those things and I want to say to you it’s not going to be easy in order to be able to do and it’s going to be a long-term effort,” Munro-Knight added.

“We have to be able to build capacity here as much as possible and a lot of that also has to be done regionally. Hence my travels to Guyana, to Suriname and again there are a number of initiatives that will be announced there in relation to our partnership with Guyana and Suriname that will help us as well also with that effort to reduce imports.”

The minister also addressed growing concerns surrounding drought conditions linked to El Nino and the possible impact on local farming.

“Through the ministry we’ve already seen a number of [public service announcements (PSAs)] go out. I also believe that BADMC would have issued a number of PSAs in relation to water usage as well. We also will be broadening our extension services so that we can offer more hands-on support to farmers as well.” 

The minister pointed to several measures already being implemented to assist farmers in coping with extreme heat and changing climate conditions.

“You would notice that in the Budget . . . we would have announced an initiative for our chicken farmers, those who are rearing the chickens as well, to have the specialised paint and that is something that’s actually being rolled out. So that’s not an if, that is something that we’re actually doing,” Munro-Knight said.

“We’re also as well looking very carefully at what is happening around irrigation. Just last week we were looking at our stock of irrigation materials that we have here on island to make sure that we do have enough as well,” she said, adding that Government was taking a very “hands-on practical approach” to the challenge of climate change and how they responded to it.

“We’re going to be walking and talking with farmers as well through it as we go on.”

Jamaica sees drop in murder rate

KINGSTON – Jamaica has recorded 213 murders for the period January to May 23, this year as compared with 275 for the same period last year, according to figures released recently by the Jamaica Constabulary Force (JCF), a decline of 22.5 per cent.

It said that while St. James, St. Elizabeth, Manchester, Clarendon and St. Catherine South recorded increases ranging from two to 75 per cent in killings, other parishes in the country showed downward slides in murders ranging from a high of minus 81 per cent to 21.1 per cent.

The police figure show that shootings also declined from 295 last year to 199, a decline of 32.5 per cent and that rape cases decreased by 17.2 per cent to register 125 as against 151 last year.

The police said that there was a 22 per cent drop in robbery cases, with this year’s figure being 220 as compared with282 last year.

Last year, Jamaica recorded 673 murders, nearly 40 per cent decline from the previous year and the lowest annual homicide total in the country in 31 years

Government and police officials attributed this historic reduction to expanded policing strategies, long-term security reforms, and sustained anti-gang operations by the JCF. (CMC)

GEL profit up despite revenue dip

Goddard Enterprises Limited (GEL) delivered a “strong” performance in the first half of its 2026 financial year.

Net income attributable to equity holders rose 60.9 per cent to $62.7 million even as group revenues declined by 2.3 per cent to $895.2 million in the period ended March 31.

The results, reported by chairman John Williams and managing director Anthony Ali, came despite challenging operating conditions including fallout from the war in Iran, which triggered higher oil prices.

In the board statement published alongside the consolidated financial highlights, the two officials reported that profit from operations before other losses or gains jumped 49.1 per cent to $93.2 million, while earnings per share rose 61.2 per cent to 27.4 cents, marginally below the full year’s earnings of 27.9 cents in 2025.

“This performance highlights the resilience of the group as it continues to deliver positive results,” Williams and Ali said.

The fall in group revenues was attributed primarily to a decrease of $64.8 million in sales in the manufacturing division, as sales in Ecuador’s Kakao Processing Proecuakao S.A. (Ecuakao) were 19 per cent below the comparative period due to a fall in the market price of cocoa.

However, Ecuakao as one of the main drivers of the group’s results, with net income of $27.3 million and a gross margin of 20.8 per cent, compared to net income of $5.9 million and a gross margin of 7.6 per cent in the comparative period for 2025.

Williams and Ali explained that this increase “was driven primarily by purchase differentials in the cocoa price being higher than historic averages in the first six months of the financial year.”

They cautioned that at the quarter end, these differentials had narrowed, “which could see a tempering of the performance in the second half of the year.”

For the period, the manufacturing division was the top contributor to the group’s overall performance with approximately 44 per cent of net income attributable to shareholders, the senior officials reported.

The consumer products joint venture, Acado Limited (ACADO), was the second highest contributor to the group’s bottom line with approximately 33 per cent of net income.

ACADO received regulatory approval to close the strategic acquisition of Massy Distribution (Jamaica) Limited.

Williams and Ali said that with a purchase price below the fair market value of net assets acquired, a one-time non-cash gain of $16.1 million was recorded. GEL’s $8 million gain from this acquisition help to boost the group’s income from associated companies.

At the end of the reporting period, net assets attributable to equity holders stood at $808.5 million. The board declared a dividend of 2.5 cents per share for the quarter, payable at the end of this month.

 “Subject to no material adverse developments, the board intends to maintain at least this dividend level for the remainder of the financial year,” Williams and Ali said.

GEL’s  board and management “continue to be watchful of global events and the fall-out from the Iran war including the effect on oil prices and any resulting impacts on the group’s businesses”.

The group will focus on strong governance, prudent cost management, efficient capital allocation and risk mitigation, including cybersecurity risks, while “creating economic value for shareholders”. (SC)

Iran: New US strikes violated ceasefire

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Iran said the United States had violated a ceasefire after the US conducted what it called defensive strikes in southern Iran, while US Secretary of ​State Marco Rubio said that negotiating a deal to halt the conflict could “take a few days”.

Iran’s foreign ministry said US strikes in Iran’s southern Hormozgan province, where Iranian media reported sounds ‌of explosions early on Tuesday, represented a “gross violation” of a tenuous ceasefire in place for nearly seven weeks.

Both sides had indicated progress on a memorandum of understanding that could halt the war and restart shipping through the blockaded Strait of Hormuz, while giving negotiators 60 days to negotiate more complex issues including Iran’s nuclear programme.

Following strikes against targets that the US said included boats attempting to lay mines and missile launch sites, Rubio told reporters on his plane in India’s Jaipur that the Strait of Hormuz had to be ​open “one way or the other”.

The war, which began with US and Israeli strikes on Iran on February 28, has caused an unprecedented oil supply shock, pushing up oil prices along with the costs ​of fuel, fertiliser and food. Iran responded to the strikes by launching drones and missiles at Gulf states that host US bases.

Only a few dozen vessels have ⁠been passing through the Strait of Hormuz compared with 125 to 140 daily previously. About a fifth of the world’s oil and liquefied natural gas usually flows through the waterway.

Global benchmark Brent crude oil rose almost three per cent on ​Tuesday to $98.91 following news of the US strikes.

Despite a ceasefire in place since early April, US Central Command said on Monday it had carried out fresh strikes designed “to protect our troops from threats ​posed by Iranian forces.”

Iran’s Revolutionary Guards said on Tuesday they reserved the right to retaliate. They said air defence units had downed a U.S. drone and fired at another drone and a fighter jet which they said had entered Iranian airspace over the Gulf region.

In comments posted on his Telegram channel on the occasion of the annual hajj pilgrimage, Iran’s Supreme Leader Ayatollah Mojtaba Khamenei said: “The clock cannot be turned back, and the nations and lands of the region will no longer be a shield ​for American bases.” (Reuters)

China probing mining tragedy that killed 82

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BEIJING – Unmarked tunnels, missing trackers and fake doors have been uncovered during an initial probe into the deadliest mining ​tragedy in China in over 15 years, with the government vowing to leave no stone unturned, state media reported ‌on Tuesday.

At least 82 people were killed by a gas explosion late on Friday at the Liushenyu mine in the coal-rich province of Shanxi in northern China. Two remained unaccounted for with a further 128 hospitalised, state media said.

The blast is the deadliest mining accident in China since 2009, when a gas explosion at the Xinxing Mine in Heilongjiang ​province killed 108 people.

While the cause of Friday’s incident remains under investigation, the official Xinhua news agency on Tuesday said ​concealed mining tunnels, falsified drawings and outsourced and unregistered miners, who had not been provided with required life-saving ⁠location trackers, were contributing factors to the deadly incident.

The mine, controlled by Shanxi Tongzhou Coal Coking Group, maintained two separate sets of ​plans and surveillance systems, Xinhua said. One set matched the actual operations while the other was used to deal with official inspections, with ​some mining areas hidden from regulatory oversight.

Reuters was not able to contact officials from the company, as according to state media they have been detained.

Coal mined from the concealed and unregulated tunnels is not included in the official production figures and went untaxed.

The two sets of plans are known colloquially as “yin-yang drawings”: one kept ​in the open for inspectors to scrutinise and the other kept in the dark.

Similar profit-driven practices are not uncommon in coal mines across ​China despite crackdowns, the national mine safety administration has said.

The Liushenyu mine “used wire mesh and woven plastic sacks sprayed with mortar, to make fake doors that ‌looked ⁠very much like the rock wall of the mine tunnel,” Xinhua said.

Workers would be tipped off by someone outside whenever inspectors came, and they would shut the fake doors, smear coal ash to blend them in with the rest of the underground passage. (Reuters)

Four on charges of burglary, robbery and theft

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Police have arrested and charged four men with burglary, robbery and theft of items valued in excess of $115 000, alleged to have occurred between May 12 and 14, 2026.

They are: Brandon Ackeem Devonish, 24 years, of Good Intent, St George; Wade Tristan Holder, 24, of Charles Rowe Bridge, St George; Tyrique Nickiel Stuart, 24, and Ramone Henderson Griffith, 33, both of Lowthers Hill, Christ Church.

Holder and Devonish are jointly charged with burglary, the stolen property valued at $12 220 between May 12 and 13 and theft of a car valued at $62 600.63 in the same period. This occurred in the District E division.

Holder, Griffith and Stuart are charged with robbery, the stolen property valued at $40 275 in the District C division on May 14.

All four are to appear in the District ‘A’ Criminal Court in Bridgetown today.

Alpha Sharks win meet

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For the first time in seven years, Alpha Sharks Swim Club are champions of the Sonia O’Neal Memorial Aquatics Centre Invitational Meet after four days of intense swimming at the Aquatic Centre.

Having started Sunday, the final day, with a 530-point lead, they ended proceedings with 1 464 points to emphatically snap Pirates Swim Club’s six-year winning streak.

Hightide Stingrays were second with 769 points, while Pirates ended the competition in third place with 711 points.

Black Sands Swim Squad’s Kione Deshong produced the day’s headline performance when he stormed to victory in the Boys’ 13-14 50 metres breaststroke in 32.00 seconds. In doing so, he broke the existing 32.54 record set in 2016 by Nkosi Dunwoody.

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Murder accused to appear in court

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Murder accused Adrico Shakur Rudder is scheduled to appear in the District A Criminal Court this morning.

Rudder, 24, of Allamby Gap, Spooners Hill, St Michael is charged with the April 29 murder of Terrell Cumberbatch at Meadow Road, Wildey.

He is also facing a separate charge of use of firearm. (PR/SAT)

St George, St Joseph folk feeling neglected

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Residents in St George and St Joseph continue to grapple with prolonged water outages, some left wondering when improvements will occur and others feeling neglected after months without adequate supplies.

Adrian Went, who has been living in St George for 59 years, said water shortages were nothing new in the community. He has grown accustomed to it and ensures he is properly prepared for whenever an outage occurrs.

Went explained that water sometimes returned during the night and he and his family used the opportunity to complete as many household tasks as possible.

“The water usually comes on around 11 p.m. We use that time to take a shower, wash and do other things. You have to work with what you’re getting. On mornings you would get up and get ready for work and realise the water pressure gradually gone down,” he explained.

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