This article is not meant to shame anyone but to create awareness that will bring about the much-needed change. This is the second time that I have noticed of late that opportunities in business that fall under state own enterprises discriminate against a wide cross section of the Barbadian public. The first of the recent observation was back in December
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In December 2021 Prime Minister Mia Mottley revealed the launch of a digital bank was imminent while delivering the 16th Patrick Emmanuel Memorial Lecture, Forging a Nation Confronting New Realities. Last week SAGICOR Financial Company Limited (SFC) announced that it will establish a fully digital commercial bank come June or July 2022 through an entity called Sagicor Bank (Barbados) Limited
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There has been increasing chatter about the decision by government to continue with a cease to open order on Sundays affecting supermarkets and automarts. The graphs show the country has done a good job keeping COVID 19 infections down and as at 28th May 2021 the number of individuals vaccinated was reported as 77, 823 (1st dose) and 60, 139
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The Management of CarMax, a used car company owned by McEnearney Quality INC (MQI) is being accused of selling a pre owned Kia Sportage 2000 under questionable circumstances. The sales person at CarMax sold the vehicle to the complainant as a well maintained pre owned SUV based on MQI records. Complaint The vehicle is a Kia Sportage 2000 cc diesel
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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.
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I want to return to the subject of implementing a single source website for prospective investors, especially those of a smaller scale, both from overseas and locally. Frankly, even for the most determined and tenacious, investing in Barbados remains a daunting task for virtually everyone when so much could be made easier, less time consuming and completed online. It starts
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A dispute involving Irish investor Alan McIntosh and other parties with local hotelier Peter Odle continues to be a source of embarrassment for Barbadians and makes public what ordinary Barbadians have been complaining about for many years. We have a court system that is broken and a ‘buddy system’ that protects the favoured in society. In local parlance, two Barbadoses.
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The following article appears in the Business Section of the the Independent dated 13 September 2020, a newspaper based in Ireland where Prime Minister Mia Mottley was also reported promoting business opportunities between Barbados and Ireland. Readers will recall two earlier blogs posted to Barbados Underground which highlighted a matter that has reached the Barbados Courts between Irish businessman Alan
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CIBC (First Caribbean International Bank) is again accused of oppressive behaviour by an average Bajan citizen. In a sixteen year long dispute between the McIntosh Vs CIBC the family has turned to social media, AGAIN, to seek justice in the court of public opinion.
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As the covid-19 outbreak begins to subside and countries start to reopen, the big questions for hoteliers on island destinations are: How will my clients get to the destination? Which airlines will survive and continue to fly and under what conditions? News reports state that clients in major countries no longer trust travel agents/tour operators to book their holidays
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…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
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The Barbados economy must grow and many have been asking where is the growth plan. At a recent Barbados Chamber of Commerce luncheon the prime minister identified several private and public sector projects expected to fuel economic activity in the short term. The Nation newspaper editor has done a fair job capturing what the prime minister shared last week.
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The IDB Caribbean Region Quarterly Bulletin: Volume 8, Issue 3: September 2019 was recently released and the review of Barbados is found at page 7 of the report. The conclusion of the report: Underpinning growth constraints in Barbados is the need to invest in infrastructure. The worsening quality of infrastructure indicators reflects an aging capital stock and declining infrastructure investments.
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The blogmaster received several messages yesterday from members of the BU family whicch highlighted two financial transactions choking local, regional and some internation newsfeeds. The decision by Scotiabank to shed operations in nine Caribbean islands should hardly be a surprise to those who make it a business to keep ears to the ground. The region has become a hot mess
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The following blogs authored by a young Barbadian Economist Simon Naitram who is currently an assistant lecturer at the University of the West Indies while pursuing a PhD from the University of Glasgow (featured image: Simon Naitram) David, Barbados Underground Life, debt, and now default. Barbados has reached the final stage of its illness. This isn’t our sob story. This is
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This really is not acceptable. Is the FSC in a position to address these issues? -Interneter The Barbados Stock Exchange Inc. (BSE) wishes to advise that trading in the security – Barbados Dairy Industries Limited – has been suspended until further notice effective November 20th, 2018 pursuant to Rule 3.01.5 1(a) and (b) of the Rules of the
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Four transformational truths are Timing, Innovation, Strategy and Collaboration – The Elements of Transformation Strategy There is the proven that individuals and businesses who continually adapt to the environment in which they operate will likely succeed. If we try to fit how the local public sector has been managing its business compared to the private sector and the world it
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The following was posted by Niel Harper to his blog, a technology SME – David, Barbados Underground There’s a common misconception that IT governance, risk and control (GRC) professionals like myself impose unreasonable demands on those trying to innovate and deliver human, social and economic benefits to society. But this is the furthest thing from the truth – our role
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