Category Archives: Barbados Economy

Pumpkins and Corporate Social Responsibility

Selfish, 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?

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Carmeta Fraser Smiles

The 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

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Becoming the SINGAPORE of the Caribbean

The 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.

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What About the Economy Stupid

Prime 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

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Barbados Economy… Next Steps

There 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

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On a Path of Destruction

We 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.

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Covid 19 Forces a Rush to Implement Digital Transformation

The 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

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Invisible Post COVID PROGRESSIVE Policies

  Submitted 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

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We in Potta

Our 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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Open Letter to Financial Institutions – What is the COVID-19 Plan?

  As the COVID-19 cripples world transportation, many areas will be severely affected…. these include Food, the opportunity to work & earn money, etc…… I would like our PM & her Government to engage the business sector/others and begin planning on methods to reduce the economic impact on the population: Banks, Credit Unions, etc. to reduce/suspend for a period of

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Barbados Post COVID -19

  [We’re] not having a Budget or anything soon because it is just too fluid [blogmaster’s emphasis] . . . The budget was not intended to have any new taxes and therefore there is no reason for an immediate budget and we therefore will wait and see,” Mottley told media managers during a meeting yesterday at Government Headquarters. Source: Mottley:

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