Fans On Facebook

Featured Business

Bolt to launch fifteen restaurants in UK

Bolt to launch fifteen restaurants in UK

Usain Bolt is set to open 15 restaurants in the UK serving classic Jamaican dishes and “burgers à la Usain”.

Adam Stewart Receives Jamaican National …

Adam Stewart Receives Jamaican National Award for Contribution to Tourism

Adam Stewart (right) Deputy Chairman and Chief Executive Officer of Sandals Resorts International receives the Order of Distinction (Commander class), for his outstanding service to tourism and the hotel sector...

Quality Service and Premium Canine Secur…

Quality Service and Premium Canine Security

All is not lost in security techniques in Barbados; in fact all should be well if you get to know the people associated with Premium Kennels located at Worthing View,...

Featured Artiste

Soca Music's Jade Lopez Resurfaces with …

Soca Music's Jade Lopez Resurfaces with Major Motivational Triumph

Persistence is a hell of a thing. One entertainer’s undying passion and his heritage have fueled what will likely be a long and prosperous career in music. Trinidad and Tobago’s Jade...

Ricky T and Jah Cure team up for “Freaky…

Ricky T and Jah Cure team up for “Freaky Girls” remix

It has been more than a year now that “Freaky Girls” from Saint Lucia’s Ricky T has dominated fetes, events and airwaves in all corners of the globe including the...

Nassy represents for Tobago Tourism with…

Nassy represents for Tobago Tourism with latest track

The brand new musical offering by budding artiste Nassy entitled “D Tourist” has become the latest viral sensation to come out of the twin island republic of Trinidad & Tobago....

Live Traffic Feed

Exchange Rates Today

Business

Business

The Central Bank of Barbados has forecast 2% growth for Barbados in 2011 and 3% in the post-period. The international business sector is expected to benefit from the forecasted global turnaround and the signing of new tax treaties.

In its 2010 Annual Review released January 11, 2011, the Central Bank indicated that the Barbadian economy recorded some positives in spite of the continued challenge of the depressed global situation. Several sectors recorded improved performances.

Download the review

The Governor of the Eastern Caribbean Central Bank (ECCB) will highlight the strategies that have been initiated to strengthen the region’s fiscal and financial stability when he presents the 2010 Eastern Caribbean Currency Union (ECCU) Economic Review on 20 January.

Friday, 14 January 2011 14:08

Belize Bank demands its $43 million

The Belize Bank and BCB Holdings, companies under the control of British billionaire Michael Ashcroft, have demanded their $43 million plus interest, approved in the Belize Supreme Court in December 2009 by recently departed Supreme Court Justice John Muria.

He ruled that the August 2009 arbitration award, issued by the London Court of International Arbitration (LCIA) in favor of the companies, could be demanded from the Government of Belize.

Senior Counsel Michael Young says he filed an application for appeal. Young also said that he is additionally asking the court to grant a stay of execution on the Muria decision; however, he has no idea when that application would be heard.

The real estate market in Barbados is back on track with last year seeing surge in activity as the global economic downturn has placed the location in a better competitive position, according to a new report.

Although property prices have reduced by up to 15% since the middle of 2008 many buyers are attracted by the strength of the Barbados property market in the face of alternative destinations that have faltered quite dramatically, says the report from property consultants Cluttons. 

In 2010 Cluttons Barbados has had a successful year with an increase of approximately 70% in sales completed versus 2009.  As Barbados enters its winter peak buying months, it is obvious that buyers are now returning to the Barbados property market, the report suggests.

Villas, hotels and flights are booked up and it is even becoming harder to secure a table at the top restaurants, which is a glimmer of pre–recession times.

‘We do expect an increase in property values during the next 12 months, however this still remains an extremely good time for purchasers to negotiate.  Home buyers are attracted by the potential to negotiate a discounted price with high expectations of rental and capital growth. This is based on the stability of the economy, currency exchange rates, location and the quality of properties that Barbados has to offer,’ said Kieran Kelly of Cluttons Barbados.

Page 121 of 124

Login Form