BusinessBarbados.com - Industry News

Corporate Governance In Barbados

Mon, 06 Sep 2010 12:00:00 GMT

The more immediate challenge to our local capital markets has arisen from the aftermath of the financial crises and the lingering uncertainty and volatility that remains with us. Long before the recent financial crises, however, our local stock market has struggled showing at best, lackluster results.

Why Establish International Business Companies in Barbados?

Tue, 31 Aug 2010 12:00:00 GMT

Since the enactment of the International Business Companies ("IBC") Act in 1965, Barbados has become home to over 5,000 IBCs. There are several reasons for the attraction of local and foreign investors to Barbados IBCs. We will consider some of these reasons.

Charter for Ethical Economic Renewal

Wed, 25 Aug 2010 12:00:00 GMT

Inspired by Pope Benedict's Encyclical Letter "Caritas in Veritate" (Love in Truth) released in July 2009, a group of ‘Concerned Lay Catholics' with experience in business, finance and governance met to prepare the document "Towards a More Humane Barbadian Economy and Society". This document, addressed to the Social Partners, containes ethical principles and recommendations for each of the sectors.

How the International Financial Services Sector Can Reposition Itself for Recovery

Tue, 24 Aug 2010 12:00:00 GMT

At the May 25 Caribbean STEP Conference, one topic was how the international financial services sector should reposition itself for recovery. Ultimately, the strategy depends on the jurisdictions in which the sector or subsector is engaged, its clients, its products, and the intermediaries with which it is doing business. Nevertheless, there are some clear strategies that this article identifies.

Canadian TIEA's - Storm Clouds on the Way?

Tue, 24 Aug 2010 12:00:00 GMT

As of the date of this article Canada has signed a number of Tax Information Exchange Agreements ("TIEAs") with a number of countries including competitors of Barbados in the area of International Business. Many are trying to guess how much of a negative impact this will have on the International Business Sector ("IBS") of Barbados.

Positioning Barbados In The Global English Language Training Industry

Mon, 23 Aug 2010 12:00:00 GMT

The Development of Education services has been identified by the strategic marketing plan for the promotion of professional services commissioned by the government of Barbados as an area of potential diversification of economic activity, and English as a Foreign Language specifically, has been identified as a high growth, sustainable area within the education services sector where Barbados could be internationally competitive, and can be developed as part of the export services sector.

A brief history of natural heritage or eco-tourism in Barbados

Fri, 20 Aug 2010 12:00:00 GMT

Within recent years Barbados' tourism planners, recognising the fact that the island has become a mature touristic destination, have encouraged the diversification of Barbados' touristic product to remain competitive in the international tourism market. One ‘new' direction has been the recent emphasis on the development of eco-tourism or natural heritage tourism. What is ironic however is that this emphasis on Barbados' natural heritage, its natural environment and endowments, as a means to attract visitors to the island is not new and is precisely what travellers visiting Barbados so keenly observed and reproduced in accounts of their sojourn to the island since the eighteenth century.

This Global crisis is proving the theory that like ‘oil and water', ‘politics and economics' don't mix!

Sun, 15 Aug 2010 12:00:00 GMT

Separately oil and water both have value and are essential in their own right - but together you have a messy environmental disaster! Similarly once politics begins to mix with economics the combination seems to eliminates any value that politicians or economists could create or contribute - together you have a messy economic disaster!

Long-term Tourism Planning: A National Obligation

Thu, 12 Aug 2010 12:00:00 GMT

Since January of 2008 tourism planners and policy makers at the public sector level have been promising to deliver to the industry and the people of Barbados the much anticipated Tourism Master Plan (TMP) which, in a nutshell, is meant to guide and inform the development of our number one industry well into the future.

Should We Stimulate?

Wed, 04 Aug 2010 12:00:00 GMT

The commitments given and targets set by the Barbados Government for the medium term strongly suggest that the stimulus option is just not a viable one.