Tag Archives: Business

Caribbean Development Bank projects regional economic growth of 3.8% in 2021 Guyana the only Caribbean country to record growth during the COVID-19 period

The Caribbean Development Bank (CDB) is projecting an average gross domestic product (GDP) growth of 3.8 per cent in 2021. The CDB said that its projection of growth comes after an extremely difficult year in which the economies of its 19 borrowing member countries (BMCs) contracted by 12.8 per cent on average due to the […]

BHTA optimistic more entities will sign on BEST

by Marlon Madden As Cabinet gets ready to approve changes to a plan that was set up to help keep tourism industry workers employed, and with a dramatic reduction in tourism arrivals, more hoteliers have been applying for financial assistance. Chief Executive Officer of the Barbados Hotel and Tourism Association (BHTA) Senator Rudy Grant reported […]

BHTA, BPSA to examine mininum wage proposal

by Marlon Madden Already suffering from a dramatic reduction in business, some hoteliers could be hard-pressed to increase wages of some workers at the lower end of the spectrum if Government’s proposed national minimum wage of $8.50 per hour takes effecton April 1, as planned. To determine the impact that such a rate could have […]

Asda puts 5,000 jobs at risk, including 3,000 back office shop workers with major restructure

ASDA has announced a major restructure that puts 5,000 jobs at risk, including 3,000 back office workers. The supermarket says the change is due to a move towards online shopping, sped up by the pandemic. 🦠 Read our coronavirus live blog for the latest news & updates… 1 The supermarket says the change is due to a […]

Pain at the pumps: How gas in the Maritimes has jumped by as much 37% since November

It may not have gained much notice but the price of gas has slowly and steadily been climbing in the Maritimes and hitting the wallets of residents. An analysis by Global News shows that gas prices in the region have steadily increased since the beginning of November. In Nova Scotia, the increase has been […]

WestJet to lay off undisclosed number of pilots amid labour negotiations

CALGARY — WestJet Airlines Ltd. says it is laying off an undisclosed number of pilots amid negotiations with the union that represents them. Airline spokeswoman Morgan Bell says the layoff notices are going out ahead of the expiration of a memorandum of agreement on March 31. Bell would not disclose the number of affected pilots. […]

Amid Shortfalls, Biden Signs Executive Order to Bolster Critical Supply Chains

WASHINGTON — Automakers have been forced to halt production because of a lack of computer chips. Health care workers battling the coronavirus pandemic had to make do without masks as the United States waited on supplies from China. And pharmaceutical executives worried that supplies of critical drugs could dry up if countries tried to stockpile […]

Stimulus Checks Helped Personal Income Surge in January

The American economic recovery came perilously close to falling off a cliff at the end of last year. But government aid arrived just in time to prevent a disaster — and possibly paved the way for a dynamic rebound. Personal income surged a remarkable 10 percent in January, the Commerce Department reported on Friday. Spending […]

IDB, global private sector ‘heavy hitters’ commit to region’s post-COVID recovery

The Caribbean may not, after all, find itself excluded from the mix when key international organisations and heavy hitters in the global business community begin to seriously zero in on post-COVID recovery targeting developing countries, according to a Caribbean Business Report disclosure made earlier this week.  The report alludes to an emerging collaboration between the […]

Guyana must not miss out on International Fruit and Vegetables Year

The Stabroek Business has already commented on the fact that the local Ministry of Agriculture is yet to make public such plans as it might have for participation in the United Nations-designated International Year of Fruits and Vegetables (IYFV) this year. When last we checked about a week ago we were told that no information […]