Home Tag "Barbados"

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

International rating agency Standard Poor’s (S&P) this week downgraded Barbados for the second time in six months, lowering its long-term local currency rating from CCC+ to CCC. In giving the rating a negative outlook, S&P said this reflected the potential for a downgrade over the next 12 months should the Government fail to advance measures […]

T&T Can Earn Much-Needed Foreign Exchange Selling More Natural Gas To Europe – Biesebroek

Barbadians Warned To Brace For More Hardships – Dukharan

The Chief Economist for Bitt Inc, Marla Dukharan, is warning Barbadians to brace for more hardships, given the likelihood that the Government will miss its fiscal targets and that the island’s overall economic performance will be weaker than expected this year. She issued the grim assessment in response to the latest country risk report prepared […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Women Head 57 Per Cent Of Households In Barbados – IDB Study

Inter-American Development Bank (IDB) Project Leader Diether Beuermann Mendoza is reporting that a recent study has revealed that women head 57 per cent of households in Barbados, and account for a significant percentage of the island’s poor when compared to men, revealing a significant gender gap.The study also revealed that the rich households have smaller […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Barbados Follows Trinidad And Imposes A Foreign Exchange Fee On Foreign Purchases And Payments

As in many other countries around the world Barbados, Trinidad and Tobago have seen the popularity of online purchases increase significantly over the past few years. And in the twin island state it is said that between 12 to 13 per cent of all foreign exchange transactions are associated with online shopping. Faced with the […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Sagicor Financial Corporation Reporting Improved EPS Of US 6.3 Cents Up From US 5.2 Cents Recorded In 2016 – McNamara

Stephen McNamara Chairman of The Sagicor Group is reporting improved earnings per common share (EPS) of US 6.3 cents up from the US 5.2 cents recorded in 2016. This as the Group maintained its solid performance from the first quarter into the second Quarter, recording net income of US$41.1 million for the six months ended […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Sovereign Downgrades In Barbados As Well As Its High Debt To GDP Ratio Remain A Major Concern To First Citizens Group

Anthony Smart, Chairman of the Trinidad and Tobago based First Citizens Group, in a recent report to shareholders indicated that the recent sovereign downgrades in Barbados by both Moody’s and Standard and Poors, as well as its high debt to GDP ratio remain a major concern to the Group. He indicated further that they will […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

GraceKennedy Reporting 5.1% Increase In Revenue and 19.1% Reduction In Net Profit For Q2 2017

The GraceKennedy Group has released its Second Quarter 2017 results, reporting J$46.4 billion in revenues, an increase of $2.3 billion or 5.1% over the corresponding period of 2016. This was driven by growth in both its Food Trading and Financial segments. Profitability for the quarter was ahead of plan, with net profit for the period […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Caribbean Leaders, Make It Easier For The Private Sector To Invest And Do Business – Ram

Director of Economics at the Caribbean Development Bank, Dr Justin Ram, has called on regional leaders to make it easier for the private sector to invest and do business, warning that unless governments put the necessary policies in place to improve the business environment regional countries would continue to lose out on significant investments. Barbados […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Barbados Reporting 17 Per Cent Increase In Visitor Arrivals From The United States – Sealy

Barbados Minister of Tourism Richard Sealy is reporting that the island recorded a 17 per cent increase in visitor arrivals from the United States market for the year so far compared to the same period last year, which he attributed to the partnership the island has with low-cost US-based carrier JetBlue. The Canadian and Caribbean […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Ozone Wireless Turns Barbados Mobile Telecoms Market Into A Three Brand Race

The Barbados Mobile Telecoms market is now a three brand race, with three newly appointed Chief Executive Officers going head to head for market share and dominance. Outgoing Digicel Barbados CEO Conor Looney, who was recently promoted to Hub Chief Executive Officer for Digicel Caribbean and Central America, last week announced the return of Alex […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months