BHTA, BPSA to examine mininum wage proposal
Article by
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 effect
on April 1, as planned.
To determine the impact that such a rate could have on some sectors,
Today’s BUSINESS has learned that the private sector was currently engaging the services of a consultant to carry out research across several sectors so that those findings could be presented to Government.
Moore urges stepped up digital education barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
BERT watchdog wary of lockdown impact
Article by February 18, 2021
The business and labour power blocs that sit on the committee monitoring the Government’s fiscal austerity programme have voiced concerns about the impact of now-extended COVID-19 lockdown and its effect on the economy.
Declaring it is “particularly concerned”, the seven-member watchdog on the Barbados Economic Recovery and Transformation (BERT) that is co-chaired by the head of the Barbados Private Sector Association, Edward Clarke, and Toni Moore, general secretary of the Barbados Workers’ Union (BWU), has issued a report expressing fears over the extended “national pause”.
The committee has predicted the lockdown will hamper the island’s ability to meet BERT’s primary balance performance target for the new fiscal year that begins on April 1.
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Barbados is an attractive jurisdiction of choice for investment
in information and communication technology (ICT), an online forum
was told on Tuesday.
ICT executives outlined a range of benefits to living and
working in Barbados including strong collaboration between the
private and public sector, a good education system and reliable ICT
infrastructure.
They were speaking at an Invest Barbados online forum to explore
investment opportunities within the ICT sector.
Philip Lewis, Managing Partner of Innovation and Transformation
at management consulting and solutions firm LCI Consulting Inc.,
The proposed establishment of a locally-owned cooperative bank for Barbados may be off the table.
President of the Barbados Cooperative & Credit Union League (BCCUL) Hally Haynes has said that certain developments in the financial services sectors in recent years are pointing the movement towards a digital operation instead of a physical structure.
“The bank is something we will have to revisit given that a lot of things have changed in the last three years,” Haynes told
Barbados TODAY.
“Correspondent banking relationships, that is one of the critical components. If we are going to establish a bank, you have to ensure that you have correspondent banking relations…then you have to look at how the industry is moving. So there are a lot of factors to consider when we revisit the bank…whether we move to a digital bank or we look at brick and mortar,” he stated.