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The following is not the type of update seen often on Barbados Underground – 2020 has been unprecedented in every ways. Our thought processes that fuel our narratives must also change.
Read moreThe following is not the type of update seen often on Barbados Underground – 2020 has been unprecedented in every ways. Our thought processes that fuel our narratives must also change.
Read moreReproduced from the IMF Website – David, Blogmaster December 9, 2020 The Executive Board of the IMF concluded the fourth review of the IMF’s extended arrangement under the Extended Fund Facility (EFF) for Barbados. The completion of the review allows the authorities to draw SDR 65 million (about US$94 million). Access under the extended arrangement has been augmented by SDR
Read moreStedson Wiltshire (Red Plastic Bag) gave a vivid description of what is seen on Kadooment Day in a calypso song entitled Something Happening. The joyful song presents a stark contrast to the sobering reality unfolding in Barbados. With a backdrop of Covid-19, the cause of labour unrest is deeply disturbing as it is related to changes in the Severance Pay
Read moreSubmitted by Richard Petko In the past few days Governor of the Central Bank Cleviston Haynes and economist Jeremy Stephen provided varying opinions on when the local economy will rebound. Whatever the date, it is crystal clear the primary driver of the economy is tourism and until it returns in force, Barbados will be subject to an unsustainable unemployment rate
Read moreA major breakdown of the South Coast Sewage plant leading into the last general election created a ‘black eye’ for the country. It was one of many issues that probably led to the large defeat of the Democratic Labour Party (DLP) in 2018. The sight of sewage flowing on the street in Worthing, Christ Church forcing tourists and locals to
Read moreCentral Bank of Barbados Governor Cleviston Haynes delivers the Bank’s review of Barbados’ economic performance in the first nine months of 2020 and takes questions from the media and the live online audience. Central Bank of Barbados
Read moreSelfish, unpatriotic, heartless, self serving are but a few choice adjectives that could be attributed to companies within Barbados who would import pumpkin amidst a glut in Barbados. Some of these said companies are the same ones who often suck on the nipples of taxpayers via government for economic relief and concessions. Where is your sense of corporate social responsibility?
Read moreThe Governor of the Central Bank of Barbados Cleviston Haynes will deliver the quarterly review of Barbados’ economy, next Wednesday, October 28 at 11:00 AM. In recent years Barbadians have become numb to the performance of the economy as we battle with a high debt to GDP, high unemployment, low national productivity to name three key performance indicators. The pandemic
Read moreThe pace at which Singapore has achieved so-called first world status- in a generation- has ensured mention in case studies to be found in any management volume of standing. By every account it is a well managed country directed by a relevant strategic plan, disciplined society, adequate workforce with required skill sets to execute plans, routine enforcement of laws etc.
Read morePrime Minister Mia Mottley continued the recent trend of making controversial and contentious announcements. She revealed government’s recommendation to rename the University of the West Indies in recognition of the late prime minister Owen Arthur. To honour convention of parliament parliamentarians in the Lower House set aside yesterday to pay tributes to the late prime minister. The blogmaster has no
Read moreHow does it make you feel that already one man can boast that he has the biggest solar energy operation in Barbados? Obviously it is his intention to replace the generation department of Barbados Light and Power. It is only the sun and a few pieces of hardware and this is what it has to be? How does this make
Read moreThere was a time – and it still is for many – the popular management instruction was that the sole purpose of a business was to create shareholder value. For this reason financial institutions and others for decades have used this single performance indicator to determine the success of the business. In recent years a more enlightened management theory promoted
Read moreWe are on a path of national destruction. Most Barbadians will likely scoff at that analysis, because we have been brainwashed to accept failure as a celebratory achievement. Any attempt to explain to Barbadians that we can do so much better, is met by emotional pleas that the Ministers are doing their best. Tragically for us, that may be true.
Read moreGovernor Cleviston Haynes delivers the Central Bank of Barbados’ review of Barbados’ economic performance in the first six months of 2020 and gives his outlook for the remainder of the year. Source: Central Bank of Barbados Central Bank of Barbados Review of the Economy – January to June.pdf (text)
Read moreThe COVID 19 period has redefined the new normal in the world. Whether a small, medium or large business, business models have had to be rejig deliver goods and service safely and economically. Government departments comfortable for decades with operating under layers of bureaucracy have been forced to join the rush to deliver services via electronic channels. To the credit
Read more…The discussion must turn to how can we run a country on 25% less revenue than planned over the next 2 years. It does not have to come to layoffs either. It can come from improved tax collection, greater efficiency etc. It does not have to be a case of just “sending home people”… BU Commenter: John A What has
Read moreSubmitted by the Mahogany Coconut Group The fears of many progressives that Caribbean leaders will not embrace a new economic path post COVID -19, are slowly surfacing. While we support the current efforts in the fight against COVID-19, we must admit that as the region returns to state of normalcy or what is being branded the “new norm”, there
Read moreOur main problem is not finance, it is the availability of markets for what we produce. It is the closing of these markets that caused the decline in jobs,foreign exchange and income. Just in case we are losing focus. Is stimulus money a medium or long-term solution? It is a short term inadequate remedy. It buys time for the economic
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