Category Archives: Barbados Economy

Policy Performance and Outlook (Part 2)

barbados economy

A follow through to the Policy Performance and Outlook (Part 1) received/posted by Barbados Underground last week. To be honest topics coming from the political opposition and others critical of government policy on the campaign trial so far have not clearly articulated economic alternatives to give hope to an electorate definitely suffering from all types of fatigue, economic, social and the

Read more

Foreign Exchange Delays with Banks

The blogmaster received a report that some banks in Barbados have forced customers to submit requests for international wire transfers online and as a consequence Barbados importers are being frustrated by delays in processing. The reason for the delays is that in the case of one bank the blogmaster was able to confirm processing of the wire transfers is being

Read more

The Politics of COVID

Submitted by Paula Sealy A two-week circuit-breaker lockdown could be introduced in England after Christmas to combat the rise of the Omicron coronavirus variant. Following the advice of scientific advisers, The Times has reported, government officials had prepared draft regulations that would reintroduce restrictions similar to those in step two of that country’s roadmap out of lockdown last spring. The

Read more

Flawed Fuel Policy

Barbados governments of recent have implemented a policy to pass on fluctuations (calculation unknown to the public) in the price fuel to the consumer. Barbados is a net importer of goods and as a consequence when world market price of oil increases, it has an inevitable result on the cost of living. It is a stretch to expect government during

Read more

No Need for a ‘Budget’

Budget

The following was sent to Barbados Underground’s mailbox to defend government’s decision not to deliver a Financial Statement and Budgetary proposals commonly referred to as a ‘budget’ – Blogmaster I am bewildered by the call made by some for the presentation of a “budget” in the House of Assembly, as a matter of urgency.  The reasons given strike me as

Read more

BU COVID Dash – Time to Make it Official!

Tricia Tannis

Attached are updated charts for week ending 10th December.  Vaccinations are slowly increasing; Daily cases are slowly decreasing and Daily test positivity is gradually declining although still some distance from the sub 5% level. There has been no movements in the charts suggestive of changes in disease incidence attributable to last weeks Republican celebrations. Lyall Small

Read more

The R Word

The blogmaster read an article recently published by Harvard Business Review (HBR) – see link below and thought it a constructive exercise to share a few observations with the BU family. The main idea of the paper is to need to prioritize the importance of companies of engineering businesses to be resilient. The challenge for many is that the majority

Read more

Barbados based Fintechs on the MOVE

fintech

The advancement in technology has given rise to Fintech companies. These companies are utilising technology to innovate in order to deliver financial services once the preserve of traditional operators. Although an underdeveloped sector in Barbados we have a company or two leading the way. In a previous blog – Excellent News BUT …! Barbados Underground highlighted the success of GIFTS and

Read more

Covid 19 and Economy Fatigue ‘Virus’ Spike

The COVID 19 virus is wrecking havoc on the Barbados landscape based on the number of infections experienced in recent days. Our worse fears are being realised with 92 reported infections listed in the recent dashboard. During a press conference yesterday authorities advised current trajectory if left unchecked could see 500 cases of Covid 19 infections daily starting as early

Read more

Barbados, Slave to Debt

debt

A report in the local press yesterday piqued the curiosity. It detailed former Minister of Finance Chris Sinckler will be working with the region, including Barbados “with the reform of the international debt architecture and issues surrounding vulnerability of small states”. His involvement is as a result of an engagement with former employer Caribbean Policy Development Centre, where he was

Read more

A Citizenry Contented to be Baffled by BS

Let’s see which tranches were defaulted and exactly the amount. And what value the “books” placed on the asset(s). All neatly hidden, because we can never see what those entities who received the “loans” did with that money, other than defaulting on repayment. Everybody got bailed out except the local taxpayer. NorthernObserver (call for transparency by BU commenter in the

Read more
« Older Entries