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Impact of minimum wage to be examined - Barbados Today

Impact of minimum wage to be examined Article by May 4, 2021 Central Bank economists are yet to begin an assessment of the impact of Government’s mandated national minimum wage which became effective April 1. But Central Bank Governor Cleviston Haynes said if there is one thing he was sure about is that the increased wages will benefit those at the bottom and should increase the spending of these low-income workers. Speaking at his first quarterly economic review for 2021, Haynes said the question of raising the minimum wage was a complex one as there were still divided views on the subject, and even more so about the timing of its introduction.

First COVID19, now volcano ash threatens businesses

First COVID19, now volcano ash threatens businesses Article by By Kareem Smith As if three consecutive months of COVID-19 shutdowns weren’t bad enough, the outlook for business has become even more bleak as uncertainty looms following numerous violent eruptions at the La Soufriére Volcano in St Vincent and the Grenadines. President of the Barbados Private Sector Association (BPSA) Edward Clarke noted that while the eruption impact may seem relatively minor, it is unfolding as scores of businesses are preparing to re-open, some for the first time after months of dormancy. The vast majority of this country’s non-essential enterprises remained close after the weekend as Barbadians embarked upon a massive clean-up of dense ash that has been raining down for the last 72-hours.

No big deal, says private sector head - Barbados Today

No big deal, says private sector head Article by April 1, 2021 A brewing Court battle between the Opposition and Government over a clause in the latest COVID-19  Emergency Management Order has failed to gain support from the business community, that is most likely to be affected. The section in question grants Government special power to requisition private land and buildings indefinitely if deemed necessary to tackle the pandemic. Opposition leader Bishop Joseph Atherley recently described the measure as an overreach of power and a breach of the Constitution, adding that he had already enlisted the services of an attorney. When asked to comment on the developments, President of the Barbados Private Sector Association (BPSA) Edward Clarke acknowledged that if triggered, the section would most likely affect players in the business community.

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