Support Local is OUR Cry
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 moreCategory Archives: Business
Adrian Loveridge Column – Improving Our Investment Climate
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
Read morePeter Odle Under the Gun
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.
Read moreA Pesky Irish International Investor
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
Read moreCIBC (First Caribbean International Bank) Accused of Oppressive Behaviour
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.
Read moreMarketing for Hoteliers on Small Islands
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
Read moreBarbadians, ALL Together NOW!
…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 moreBarbados Economy: Growth, the Next Chapter
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.
Read moreIDB Highlights Barbados’ Crumbling Infrastructure
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.
Read moreSagicor and Scotiabank Signal the Caribbean Market
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
Read moreFault Lines: Life, Debt, Default and a Failure to Invest
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
Read moreIs the BSE Regulated?
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
Read moreTime to Build Barbados Silicon Valley
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
Read moreWhat the Government of Barbados Needs to Do to Get Fintech Right
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
Read morePrime Minister Mottley Talks Digital @BITT Conference
Today’s speech by Prime Minister Mia Mottley at the Bitt Conference is one that we would never have heard under the former government. The disruptive explosion of Fintechs across the globe is well documented – the race to transform Barbados from an analogue to digital space finds Barbados playing catchup. Many will criticize the prime minister for daring to assume
Read moreThe Digital Age, Cryptocurrencies
Submitted by nineofnine WHY CRYPTOCURRENCY? The question to ask, does it meet the criteria for currency value and worth? As it stands, the pillars of currency must have as principles, three intrinsic values 1. Function ….as a medium of exchange throughout the economic landscape. 2. Carries value and vault potential or Store of Value. 3. Possesses units of value. The
Read moreICBL Receives Declination with Disgorgement
Credit to The FCPA Blog Barbados insurance company receives declination with disgorgement By Harry Cassin | Monday, August 27, 2018 at 7:08AM The Insurance Corporation of Barbados Limited (ICBL) received a declination with disgorgement from the DOJ Thursday for FCPA offenses related to bribing a Barbadian official. Under the terms of the declination pursuant to the DOJ’s Corporate Enforcement Policy, ICBL
Read moreGarment Industry Lacks Quality Control
This article has pained me in more ways than one to write to see where Barbados has come from as a garment export manufacturing country to the manufacturing of garbage in terms of producing high-quality garments. Back in the day as far back as in 1983, Barbados had over seventy-nine knowledgeable garment manufacturers and a workforce of over fourteen thousand
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