Governor of the Central Bank Cleviston Haynes reviewed the Barbados economy for the period January to September 2022 with growth recorded at 9.8%. Of concern is the low take up of BOSS bonds, out of 200 million BOSS bonds offered only 10 million was subscribed.
Review of Babados’ Economy – January-September 2022.pdf (1.49 MB)
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You need to familiarise yourself with facts before you Come here talking nonesense.
Anyone in the industry will tell you that late bookings are the thing now. No-one books months in advance except for a small percentage. They are now over 30 past minute booking sites online now and it’s the fastest growing sector of the travel market.
Go read and stop coming here spouting Bs to support you party do. You and the other too should really take a late booking holiday! For the record yes I have in investments in the industry so I speak from knowledge not fowlism.
NO
Yes you are correct
But Try booking those tickets at last minute and check the price then
The point I was trying to make is the people that really can afford to and wanta travel usually book early instead of last minutes as your example is also showing
@David
It is ‘unusual’ that a Board Director, speaks the same day as his Chair, and introduces different metrics. And, albeit correctly it would appear, points out that debt growth is outstripping GDP growth.
@NO
It is unusual.
@ David,
it may be unusual but not surprising in Barbados.
Ok so let me give you an idea what is happening in the sector now and how a booking works since covid.
You make a reservation or booking for a trip. At that point money is not paid until a given pay by date. When you pay by that date you then move to a confirmed reservation as you have paid. Now there is where it gets interesting. Since covid the industry has moved to free cancellation reservations. So even though you booked and paid for a trip you can now cancel it and get a full refund based on the free reservation policy of the provider. Some are 24 hours before and some 5 days etc.
Now the big players like Expedia have realised that Last Minute sites are taking a bite out their business so this is what the have come up with. If when you book you take the last minute cancellation package you pay a few dollars more a night. They then come with a 5 day cancellation price to try and sell you based on a few dollars in savings. So now you can cancell and get a full refund but you have to give 5 days notice prior to travel.
The cruise sector now is offering massive last minute discounts. I mean like 60% plus. So people simply take their holiday and search the best deals. Best months for the discount deals are Sept and Oct for air travel, but the cruise market seems to be having to discount year round to get a decent fill factor on a trip.
Hence for those few old folks that booked ahead, those that booked last minute are saving over 50 percent on the same trip.
One cruise director told me there is a new phrase now that ” both the boss and the butler on the same cruise.” LOL
So hope that gives you an idea of reality vs the fiction some want you to believe. Unfortunately we have little airlift competition out of Caanada and the USA so when they offer a good deal it’s few and far between. From those destinations it doesn’t matter if you book early or late really as cost is the same roughly.
The whole game has changed since covid. That’s why when a minister says “the winter season bookings look good” understand what that means. They are simply people who have indicated an interest in travelling. That’s why when the arrivals don’t match predictions we find ourselves asking ” wait what happen?”
“Summer arrivals were better than predicted “
So when it can go both way
Cheaper last minute booking should / would make it better for an increase in arrivals and goes against ur argument that we ar in for a bad winter season
Stupes, cause that going increase the value of the pound and fight the highest inflation level in 40 years, along with $100 USD a barrel oil as predicted by Oil Source as a result of Opec cutting production. Man give it a rest and stop grasping at straws do.
Why am I sceptical of projections?
https://barbadostoday.bb/2022/10/26/sweet-success-2/
From BT
Big talk (projections)
“During a press conference in March, Weir projected that 100 000 tonnes of cane would be harvested, an increase of 7 871 tonnes compared to last year’s 92 129 tonnes.”
Task completed
“Government is yet to disclose the outcome of the sugar harvest which concluded in the first week of June”
We have the projection, job is done, Mr Weir can you tell me the final numbers?
(Silence)
“”He said the Barbados Agricultural Management Company (BAMC), the government agency that runs Portvale Sugar Factory, would have the official statistics.
Repeated attempts to obtain the figures from the Ministry of Agriculture were unsuccessful, with Minister Indar Weir indicating that a press conference would be held soon to report on the harvest.”
Early June, July, August, September, October, November …. At this stage any numbers provided came out of a hat
@TheO
If the harvest ended in first week of June, they already know the total… lol.
They don’t have canes awaiting processing for 4+ months?
It isn’t a projection at this point. They know.
But since when is the weight of cane harvested, vs sugar produced, the benchmark.
One day soon when there is a bad news day/week, the BAMC will report 😃
The spinners soon get unplug. Wunna caaant win. Tek it light.🤣🤣
Grasping at straws??
Try 80% off tickets .com
Facts not fiction
You don’t even get that kind of discount if you buy directly from the airlines unless u in one or more of their discount programs
The whole game has changed since covid. That’s why when a minister says “the winter season bookings look good” understand what that means. They are simply people who have indicated an interest in travelling. That’s why when the arrivals don’t match predictions we find ourselves asking ” wait what happen?
Xxxxxxxxxxxxxxxxccxxxxxxxxx
Here is another set of BS
I can go online any time of the day any tell how many seats on my flight to Barbados are already taken or were dropped
You want to tell me that in this day and age that the airline in Barbados does not have access to that info to all flights into and out of Barbados and that info isn’t passed on to the minister / BTMI on a regular basis
Tô beside there is also the number of room booked in hotels that they use to determine / forecast the strength of tourism.
“I don’t believe we shall ever have good money again before we take it out the hands of governments… I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments…” (Friedrich Hayek)
https://youtu.be/UowzxWxlKJU
Serious mode (not counted as a post)
I received a note about some money I left in Barbados about 30 years ago….
AUTOMATIC RENEWAL NOTICE
THIS IS TO INFORM YOU THAT YOUR R-NON-REDEEMABLLE F/DEPOSIT-LCL HEREIN DESCRIBED, MATURED ON X-yy-22. THIS DEPOSIT WAS AUTOMATICALLY RENEWED. PLEASE NOTE THAT NON-REDEEMABLE DEPOSITS CANNOT BE REDEEMED PRIOR TO MATURITY DATE.
I can understand losing interest (almost 0.00) if one wanted to exit early, but to say that you cannot access your money before 1-year has passed is quite unreasonable. Is that what people are encountering with these banks.
Discipline is the key to achieving success it is true.
Discipline key to hit debt target, says Governor
Governments must be held accountable to ensure they keep their spending in check and reach their financial targets.
Governor of the Central Bank Cleviston Haynes made that point on Wednesday while stressing that digressing from an agreed-to financial plan should only be done under abnormal circumstances.
New programme
“As we are on the cusp of a new programme, public debate has been renewed on whether the planned primary surpluses under the programme will retard growth and whether the Government is borrowing too much.
“It is generally accepted that excessively high primary balances can impact growth, especially where growth-enhancing capital expenditures suffer or where increased taxes significantly reduce disposable income. The reality is, therefore, there is a relationship between the primary balance and debt accumulation. Given the existing stock of debt and its repayment terms – the lower primary surplus, the higher borrowing requirements,” Haynes said.
He made those comments yesterday during the launch of the two-day Global Business Week conference at the Hilton Barbados Resort. The event, which was held under the theme
Adapt, Evolve, Execute, Be The Change, was organised by the Barbados International Business Association (BIBA).
Haynes was referencing the US$293 million in funding the country now has access to through the International Monetary Fund’s (IMF) newly formed Resilience and Sustainability Trust (RST) and the Extended Fund Facility (EFF).
Under the three-year EFF, Barbados will be given a special drawing right of US$110 million. Under the RST, which would be repaid over a 20-year period, which includes a ten-year moratorium, Barbados will access US$183 million.
He acknowledged that Government was pushing to reduce the debt-to-gross domestic product (GDP) ratio, but he stressed that discipline was key.
“Financing from the domestic market together with funds raised abroad are indeed consistent to achieving the debt anchor of 60 per cent debt-to-GDP ratio by 2035 to 2036. The challenge for us as citizens is to hold governments now and in the future accountable to maintain discipline that enables the achievement of the debt target and to control our debt service and the requisite expenditure and infrastructure spending to promote sustainable growth.
“We know the primary balance
path that is consistent with sustainability and deviation should only be accepted where exceptional events occur. As Government accelerates the payment of the existing debt, it will therefore need to develop a domestic issuance programme that caters to portfolio needs of investors by offering attractive yields at varying maturity,” he added. ( TG)
Source: Nation
Everything you have ever been told by your GOV leaders, reps, officials; your pastor, preacher, priest; your teacher, tutor, lecturer & all the technocratic elites have peddled are “ALL” LIES!!! Believe at your own peril…
https://youtu.be/HErV0qAzbZE
@ Terrence
You will find this interesting, in spite of Carlston’s obvious biases.
https://youtu.be/lUZoli8oekg
This issue of a critical shortage of diesel and the onset of winter – coming during the already untenable situation created by the war inUkraine is more than a perfect storm…..
A global diesel shortage (and price raises) would be the final nail…..
January will be bleak … for those who make it that far.
David
Why you gine and embarrassed the man so ?
He post the website name so I left it for who did interested to look it up themselves
He realised his mistakes that why he posted the long mumbo jumbo at 115pm yesterday to ease the embarrassment
Now you come throw it in his face
@david
My bad on that last post
Mr gloom and doom
U don’t havta post through David
We we talking about last minute booking for airlines not for no cruises
London in 2022, still remains the longest reigning financial capital & monetary hubris for “ALL THE CORRUPTION & EVIL” that have existed in the entire world over the last 900 years… The purveyors of “OLD MONEY” continue to drive the illicit economic machinery based on secret tax havens, trust corporations & shell companies that exist today to the tune of over £50 TRILLION… Postmodern Britain is no difference to Dickensian England, where the stratification of wealth still centres around the Aristocratic rich & the “OTHERS”…
https://youtu.be/4n3txSCoKn0
Stupes. Every time you post as a good little fowl all you do is show how little you know about anything. Normally I just ignore you and your 2 brethren but when you try to mislead people I have to point out your nonesence. This and at least 2 dozen other companies now offer massive discounts on both air and sea travel. You have no concept of what is going on in the travel world, so please stop making a clown of yourself and stick to politics. That is my final response to you so proceed now and talk to yourself.
@ David
Thanks for posting the letter from vacations to go.
Now they are 3 other companies that seem to be cutting a path for the discount air travel who I have listed below.
Clear trip
Save 70
Skyscanner
They are however a few dozen more. The problem the industry is facing with these guys is that they get people to you who have little disposable Income, so while they can fill a plane, the benefit to a destination is small.
So for us the question is do we want high arrival numbers or lower arrival numbers with more spending power? Personally I pay little attention to the arrivals and more to the revenue left. Places like StBarts and others lean on the high end only. It really matters what segment you want to attract.
Oh and for the record Save 70 does not mean you save $70 it speaks to saving you 70% on the AIRLINE ticket. LOL
John 2 you got John A on the ropes just waiting for the knockout punch.All of a sudden he looking to depart.This is what he does when he realises that he cannot tying everyone with his in m6 view biased views.Notice everytime the Mr Haynes of the central bank or Dr Greenidge speaks positively of growth, this guy John A jumps out , along with others with thrir political agenda looking to knitpick at something.There is also another guy a Dr Forte who adlo in my view attempts to do the same.John 2 keep the pressure on him do not ease up.I gone.
Cluck cluck and Yawn! Where the other fowl. Lol
Boy stop running all over the internet Abd making making urself a fool
U coming over like a cross between waru and mariposa
Go on those two websites and book an international flight for 70% discount
A website that caters to the low budget only.
Murderrrrrrrrr🤣
You seriously need to read and understand what u are reading before you post
But the again……….
Sorry @ Donna
Anyhow Moe Curly and Larry wunna carry on cause I was only wasting time with wunna cause I was waiting for my car to finish getting service. Lol
Our Supreme Leader studied at the world-famous LSE. She is therefore a crowned economist. If there is one person in Barbados who will lead us back to the path of economic growth, it is our Supreme Leader.
Tron, year 1 NR, year 4 SL
Economic War Big Industry
World Powers aka Warmongers are talking about World War III
We’re still testing how much conflict major powers can endure before they trigger nuclear war.
Evil Russians
Crouching Tiger, Hidden Dragon: Sword of Destiny
The Silent War (SMM TribeMental Mix)
The Silent War (TBT Industry ReTouch)
@Bush Tea
Do you see any positives given the current state of affairs?
Your point is taken John A.
Pickit Tup (Mental Mix)
USD Ccy keeps rising
Do you see any positives given the current state of affairs?
~~~~~~~~~~~~~~~~~~~~~~~~~~~`
LOL @ David
Only the imminent culmination of the very purpose of Project Life Earth.
Have you ever wondered why EVERY brand new, innocent, and limitless NEW LIFE begins after a period of labour and PAIN? Symbolism means everything in the REAL (spiritual) world.
So like an expectant parent, anticipating a new birth, we know that the global labour pains symbolize a new, exciting GLOBAL beginning.
….something that is seriously overdue,
Else the lotta brass bowls will self-destruct anyway.
@ Bush Tea,
PM PIA
Drums On The One
Village Speak
(Steve Miggedy Maestro, Morttimer Snerd III Retouch)
Perhaps Hants’ “Barbados warns about people becoming numb to violence” video merits a new separate thread (but numb people may not comment).
My take is this type of violent crime is rife in developed countries and is all about the business dollar for bigger bank.
David King must be rich as he loves the money game as well as Politics,
Melinated Resonance
There is a update / text truncation issue on Bu
which will be here for a few days until fixed
While waiting for normal service to resume
type comments as multiple short lines
Research and analysis from the UK to inform discussion.
Quarterly survey for Q1 (April to June) 2022 to 2023 Summary
Published 6 September 2022
@Bush Tea
One of the un deniable traits of human beings, we have to believe in something to give impetus to our lives…LOL.
Two days after the Governor gave his 9 month review of the economy and mention of the economy has almost disappeared from traditional media. What does it say?
Last
Just guessing
If it isn’t broken don’t fix it.
Unnecessary tweaking usually breaks stuff.
Go back to the old format …oldest first and newest last
Just a guess.
Have a great day y’all.
@David
One of the un deniable traits of human beings, we have to believe in something to give impetus to our lives…LOL.
~~~~~~~~~~~~~~~~~~~~~~
Bushie is your brother in dat.
But if you CHOOSE to believe in ‘something’ that has OBVIOUSLY been broken now for eons;
that has been getting WORSE at an exponential rate;
has been CLEARLY a FAILURE… globally…
Then don’t blame Bushie for bad-talking the brassbowlery.
Bushie CHOOSES to believe in the existence of a CREATOR
…that that CREATOR is likely to be more intelligent and knowledgeable that we are
…that that CREATOR has an INTELLIGENT intent behind the creation of life on earth
…that there is method to the apparent ‘madness’ of the design
…and that it therefore makes MORE sense to believe in THAT creator than in some brass bowl moron.
Apart from that we are in harmony. 🙂
The blogmaster invites you to join the discussion.