Shawn Cumberbatch News Today

According to the media report there is a high risk that these entities may require unbudgeted subventions during fiscal year 2024/25. Despite over 11 million dollars being allocated in supplementaries for these entities at the close of the last financial year. The cancelled plan for the House to meet on a Saturday to vote additional…

Dealing with Barbadians who become a “nuisance” by leaving noisy kites flying all night is just the start, Attorney General Dale Marshall warned Tuesday. He also served notice that Government was “concluding the work on the legislation which is intended to compel individuals to clean up their properties”, and also intended to ultimately tackle noise pollution in a comprehensive way. Marshall was speaking as the House of Assembly debated and …

Tourism is leading the way as the Barbados economy continues its recovery from the COVID-19 pandemic. Central Bank Governor Cleviston Haynes reported in his third quarter economic review that the economy grew by 10.1 per cent in the first nine months of this year, including 9.8 per cent growth between July and September alone. The forecast is for the economy to grow by 10 per cent this year overall, followed …

Intervenor Tricia Watson has failed in an effort to have a NATION newspaper article accepted as evidence in the Fair Trading Commission (FTC) electricity rate hearing. On day 11 of the proceedings of the Accra Beach Hotel on Wednesday, the attorney sought to question a Barbados Light & Power Company Limited (BL&P) asset management witness panel on an October 2013 article. In the story, Sarah MacDonald, the then head of …

Nearly three years after the country was crippled by two consecutive days of island-wide power outages, Barbados Light & Power Company Limited (BL&P) says it is focused on delivering a more reliable service. This was specifically in relation to the generation of power and the way it was transmitted and distributed, BL&P director of asset management Rohan Seale testified at the Fair Trading Commission (FTC) hearing considering the company’s application …

The focus on the Barbados Light & Power Company Limited’s (BL&P) insurance of its assets continued to be under the microscope on day six of the electricity rate hearing at Accra Beach Hotel. This was followed by the start of discussion on matters related to depreciation (reduction in the value of an asset with the passage of time) during the proceedings at the Accra Beach Hotel. BL&P managing director Roger …

The World Travel & Tourism Council (WTTC) believes that the industry will return to a pre-COVID-19 pandemic norm in the Americas region that includes Barbados by the end of next year. This was the forecast the WTTC published in its recently-released Travel & Tourism Economic Impact 2022 report. “It is estimated that in 2022, the sector could grow at an even faster rate of 36.1 per cent and it is …

The Fair Trading Commission (FTC) will begin its public hearings on Wednesday about an application from the Barbados Light & Power Company (BL&PC) for a rate increase. BL&PC applied to the FTC for a rate hike that the Company indicated would result in 35 per cent of its approximately 130 000 customers, who use less than 150 kilowatts an hours (kWh) each month, paying no more than a $6 increase. …

The Fair Trading Commission dismissed an attempt to adjourn the electricity rate hearing, with the proceedings scheduled to resume on Thursday. When the hearing started on Wednesday at the Accra Beach Hotel, the Barbados Associtation of Retired Persons (BARP), represented by the Office of Public Counsel, argued that it needed more time to prepare its intervention against the Barbados Light & Power Company Limited’s (BL&PC) rate application. This was because …

The battle over the Barbados Light & Power Company Ltd’s (BL&P) application for an electricity tariff increase is heating up ahead of next week Wednesday’s planned start of the substantive rate hearing. Joint intervenors attorney Tricia Watson and chartered accountant David Simpson said they filed a motion last Friday requesting that the Fair Trading Commission (FTC) order BL&P to amend its rate application based on the FTC’s March 25 ruling …