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State of the MSME Sector in CARICOM – Prospects for the Future

I want to begin my remarks this morning by thanking Senator Lynette Holder, CEO of the Barbados Small Business Association for inviting me to deliver the keynote address at this year’s State of the Sector Conference. I also want to congratulate the SBA for its continuing advocacy of micro, small and medium-sized businesses across Barbados, […]

Barbados 2018-2020 Economic Review

Employers Encouraged To Learn Strategies That Can Be Implemented To Improve Engagement And Productivity.

Jamaica Business Development Corporation (JBDC) Senior Project Officer for Data Analysis, Ricardo Edwards, says that increasing employee engagement is crucial in driving higher levels of productivity in organisations. He noted that Jamaica has one of the lowest levels of labour productivity in the region, and JBDC surveys indicate that one in four employees is disengaged. […]

Barbados 2018-2020 Economic Review

The Limners And Bards Reporting 24% Jump In Revenues to JA$486M For The Nine Months Ended July 31, 2019

The Limners and Bards Limited trading as “The Lab” is reporting for the nine months ended July 31, 2019 revenues of JA$486.3 million, up 24% compared to JA$391.3 million for the corresponding period last year. In her report to the Stockholders Chief Executive Officer Kimala Bennett noted that the revenue growth was attributable to increases […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

Huawei Announces Over Fifty 5G Commercial Contracts Secured And Over 200,000 Modules Shipped

Photo: William Xu, Huawei Director of the Board, President of the Institute of Strategic Research [Chengdu, China, September 3, 2019] On September 3, the 5th Huawei Asia-Pacific Innovation Day was held in Chengdu, China. This year’s Innovation Day, themed “Innovation Enables Asia-Pacific Digitization”, saw more than 200 representatives from government, industry and academia of Asia-Pacific […]

GraceKennedy Opens US$5M Grace/La Fe Facility in New Jersey

JAMPRO Looking Towards Stimulating The Development Of More Technology Parks Across Jamaica

The Jamaica Promotions Corporation (JAMPRO) will be facilitating various initiatives to reposition the country to be more competitive in the higher value-added segments in the outsourcing sector. Speaking at a recent Think Tank, President of JAMPRO, Diane Edwards noted that the Agency has developed a strong marketing strategy for the industry, with primary focus on […]

Barbados 2018-2020 Economic Review

Icreate Is Building Capacity For Growth And Expansion As Profits Continue To Lag

iCreate Limited is reporting for the six-month ended June 30, 2019 year to date, revenues increasing by 26.7% when compared to the corresponding 6 months in 2018. For the quarter ending June 30, 2019, iCreate recorded revenues of $13.13m compared with the JA$8.25m for the corresponding quarter ending June 30, 2018, representing an increase of […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

Demand For And Use Of LNG Globally Increasing As The Effects Of Climate Change Become More Evident

Science, Energy and Technology Minister, Fayval Williams has noted that the demand for and use of LNG globally is increasing, and that as the effects of climate change become more evident, governments across the world are working assiduously to reduce harmful emissions, while increasing access to affordable power for their citizens. She was speaking at […]

Barbados 2018-2020 Economic Review

Scientific Research Council Slated To Commence Medical Cannabis-Related Evaluations In September.

The Scientific Research Council (SRC) is slated to commence medical cannabis-related evaluations in September. Executive Director, Dr. Cliff Riley, says this is among the initiatives being undertaken in support of the industry’s buildout through partnerships forged with the Cannabis Licensing Authority (CLA). Speaking during a recent Think Tank in Kingston Dr. Riley said the SRC […]

Barbados 2018-2020 Economic Review

Wigton Windfarm Limited Reporting Sales Of $832.82 Million, A 6% Increase On The $782.89 Million Reported In 2018.

Recently listed Wigton Windfarm Limited (WIG), is reporting for the three months ended June 30, 2019, sales of $832.82 million, a 6% increase on the $782.89 million reported in the prior year. WIG noted that, “the increase in revenue was positively influenced by the 2.9% increase in production and a 9.4% increase in the availability […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance

Jetcon Corporation Continues To Struggle With Revenues Falling 26% And Profits By 35 % For Q2

Jetcon Corporation continues to reverse three years of solid growth as the company reports that their second quarter was another challenging one, with revenues falling 26 percent and profits by 35 percent; for the half year, revenues fell by 22 percent and profit by 34 percent. The first half reverses three years of solid growth […]

New Subsidiaries Start-Up Costs Dampens Knutsford Express’s Strong 2019 Profitability Performance