Tag Archives: monetary

  1. CCRIF Makes First Parametric Insurance Payouts of the 2021 Atlantic Hurricane Season

    Following Tropical Cyclone Elsa, CCRIF made two payouts to the Government of Barbados under the country’s tropical cyclone and excess rainfall parametric insurance policies, totalling US$2.5 million. CCRIF also made payments totalling US$528,512 to three other member governments – Haiti, Saint Lucia, and St. Vincent and the Grenadines – under the Aggregate Deductible Cover (ADC) […]

    August 2, 2021Featured, NatureNo comments
  2. Play, Win & Multiply with The Barbados Lottery’s all new Multiplier Suite of Games

    New and existing players of The Barbados Lottery are reaping the benefits of the all new 100X and 50X the Cash scratch tickets in the Multiplier Suite of games.    With over $2.9 million in total cash prizes to be won, the $20 100X the Cash scratch ticket gives the player approximately 33 chances to win up to $200,000 and the $10 50X the Cash scratch ticket a total of […]

    June 9, 2021Breaking News, Featured, GamesNo comments
  3. FAITH CALLENDER’s ‘BADDIE’ for all the boss gals, brand new dancehall beat from Barbados

    Produced by: Jus D Music Written by: Faith Callender and Antonio “Jus D” Johnson

    April 8, 2021Music, Video GalleryNo comments
  4. CDB supports sweet potato value chain project

    Enhancing food security and agricultural productivity are at the root of a new project, which seeks to improve the production, processing and marketing of sweet potato in the Caribbean Region. A US$600,000-grant from the Caribbean Development Bank (CDB) to the Caribbean Agricultural Research and Development Institute (CARDI) will fund the research and capacity building initiative. […]

    April 2, 2021Agriculture, FeaturedNo comments
  5. Scotiabank joins Mastercard in the launch of the Priceless Planet Coalition in the Caribbean

    Scotiabank joins Mastercard on the expansion of the Priceless Planet Coalition to generate climate change awareness and impact across four Caribbean countries: Jamaica, Barbados, The Bahamas and the Dominican Republic. As part of the launch of this initiative, Scotiabank cardholders can contribute to different forestation initiatives through online purchases made with their ScotiaCard. This global […]

    March 25, 2021BusinessNo comments
  6. Employers and Other Third-Party Providers Reminded to Upload Tax Information by Deadline

    The Barbados Revenue Authority reminds third-party information providers that all relevant annual returns for the 2020 income year are to be filed by February 28, 2021. The third-party returns required by this deadline are Pay As You Earn (PAYE), Pension, Charities, Deductibles, Withholding Tax Reconciliation, Divided Income and Goods and Services. When filing, providers have […]

    February 19, 2021EventsNo comments
  7. eCommerce takes rapid strides: As Operational Changes at the Barbados Revenue Authority run 6th to 14th Jan 2021

    With effect from Wednesday, January 6 to Thursday, January 14, 2021, the functions of the Barbados Revenue Authority walk-in Customer Services section will be performed online and by telephone. The Authority advises that payments for PAYE, VAT, Personal Income Tax, Corporation Tax, Betting and Gaming and Withholding Tax can be made online in TAMIS by […]

    January 8, 2021Breaking News, Business, FeaturedNo comments
  8. If there was no Coronavirus, CIBC staff would get a $100,000.00 shindig? Matchbox Girl redux? Gadzooks!

    C A V E A T The intent was probably far from what I saw, but on reading this, it made me cringe. I couldn’t help but think of the poor li’l Match Girl from Hans Christian Andersen? Please note all sarcasm listed is my views and not FirstCaribbean, they have to develop a thick […]

    December 22, 2020BusinessNo comments
  9. NCB Capital Markets Limited’s (NCBCM) Stratus Alternative Funds Set to Transform the Caribbean Investment Landscape

    The Caribbean’s regional investment banking giant, NCB Capital Markets Limited (“NCBCM”) has announced the launch of Stratus Alternative Funds SCC (“Stratus”). This entity is an alternative investments platform, which will provide investors with a broad range of non-traditional high-yielding investment solutions. This asset class represents a different or “alternative” option for investors to diversify their […]

    December 13, 2020BusinessNo comments
  10. Changes for non-Scotiabank account holders

    The ongoing COVID-19 pandemic has changed the way business is conducted, and keeping our customers and employees safe remains our top priority. In line with this, practicing physical distancing is critical, and to this end limiting the number of persons in our Banking Halls at any given time is a necessary requirement. Based on the […]

    April 28, 2020Business, FeaturedNo comments

    Non-residential care services for those unable to enter the residential treatment programme and assisting adolescents with substance abuse issues are just two of the areas which the Substance Abuse Foundation (SAF) have added to their clinical mental wellness range of services, as they embark upon a diversification of services for those requiring their help. Both […]

    April 17, 2020Business, FeaturedNo comments
  12. Scotiabank Announces Customer Assistance Programme, per: COVID 19

    As Barbados copes with the effects of the COVID-19 pandemic, we are here to help our customers and provide financial relief to those who need it most. Starting this week, Scotiabank will offer assistance to customers impacted by COVID-19. For Scotiabank’s Retail customers, loan payments will be deferred automatically for a period of 3 months […]

    March 26, 2020TechnologyNo comments

    CIBC FirstCaribbean is committed to working with their clients, in Retail, Business Banking, Wealth Management and Corporate Banking Segments to offer special assistance on a case by case basis for those adversely impacted by the COVID -19 pandemic. This could include deferred payments; special loan financing and other concessions aimed at helping clients cushion the […]

    March 25, 2020BusinessNo comments
  14. Central Bank of Barbados Announces Further Ease of Exchange Controls

    The Central Bank of Barbados has further liberalised foreign currency transactions, continuing the movement toward more relaxed exchange controls that it began in 2019. The new policy, which will impact several types of foreign currency transactions, took effect as of Monday 17th February 2020. “Authorised dealers can now approve and execute larger foreign currency transactions, […]

    February 21, 2020BusinessNo comments
  15. Strong finish to a strong year for Fortress Fund Managers

    Leading fund manager Fortress Fund Managers achieved “a strong finish to a strong year” across its suite of Barbados and US dollar funds in 2019. In its fourth quarter report shared recently with investors, Fortress highlighted success in its three Barbados dollar funds, the Fortress Caribbean Growth Fund, the Fortress Caribbean High Interest Fund, and […]

    February 17, 2020BusinessNo comments
  16. We Gatherin’ – Philanthropy Drive; Maurice Byer Polyclinic

    An element of the We Gatherin’ year of celebrations is the philanthropy drive. Each month, public health facilities in the highlighted parish will be the focus of the drive. For the month of February, the attention is turned to the parish of St. Peter. Dr Cheryl McCollin, Medical Officer of Health at the polyclinic explains […]

    February 3, 2020Culture, Video GalleryNo comments
  17. Mastercard launches its Smart Islands program in the Caribbean

    Technology giant Mastercard just launched their Smart Islands program in the Caribbean, leading the journey towards developing smarter islands and cashless societies to strengthen economies throughout the region. “Innovation is in Mastercard’s DNA,” stated Jimena Elia, Director of Market Development for Mastercard Caribbean. “We are excited to reveal this multi-layered technology that can help expand […]

    January 29, 2020Business, FeaturedNo comments
  18. BUDGET YOUR 2020 NOW, HERE ARE PUBLIC SECTOR DATES YOU SHOULD KNOW… January 3, 2020Business, Photo GalleryNo comments

    The financial worry of outfitting their children to return to school, next month, has been eased for 100 families. This week, these parents received vouchers, stationery and other items through the Salvation Army’s Back to School Programme. During a short presentation ceremony, the Salvation Army’s Divisional Business Manager, Ms Sherma Evelyn noted that the number […]

    September 2, 2019EducationNo comments
  20. Mega 6 Jackpot Winner’s Plans Will Be Going Swimmingly

    64-year-old Robert Myers sees himself as an “Honorary Bajan.” Born in the UK, he has visited and lived in Barbados for the past forty years. “Despite travelling extensively, this island is my place in the sun,” he said, while considering his Mega 6 jackpot winnings, which total a whopping BDS $2,115,000. He believes that young […]

    June 30, 2019Breaking News, Featured, GamesNo comments
  21. Antigua and Barbuda expresses concern and disappointment over Indian Minister’s mistaken statement

    The Government of Antigua and Barbuda has expressed its disappointment and concern over a statement reported to have been made by Nirmala Sitharaman, the Minister of Finance of the Government of India, concerning Antigua and Barbuda’s Citizenship by Investment Programme and Mr. Mehul Choksi. According to the reports by several Indian media outlets, available on […]

    June 12, 2019Breaking News, PoliticalNo comments
  22. Fortress funds achieve strong results in first quarter of 2019

    At the end of the first quarter of 2019 the funds managed by Fortress Fund Managers had achieved “consistently strong results“. This follows an encouraging start to the year. The good news was shared with investors in the leading fund manager’s March 2019 quarterly report, released early this month. It comes against the backdrop of […]

    May 15, 2019BusinessNo comments
  23. Merry Christmas from The B.R.A – Amnesty still has a few days left…

    Don’t forget? Tax Amnesty concludes 31st December! Make sure to register early with TAMIS and avoid penalties…

    December 26, 2018Business, Photo GalleryNo comments
  24. CARIF 2018 attracts leaders across the Caribbean region

    Now in its 3rd year, Caribbean Infrastructure Forum (CARIF 2018) once again brought together policy makers and developers, to exchange views on the financing and construction of world class infrastructure projects throughout the Caribbean. The interactive forum took take place at the Baha Mar Convention center on December 4th and 5th, 2018. Dr. Hubert A. […]

    December 10, 2018BusinessNo comments

    The Barbados Revenue Authority (BRA) is reminding individuals and businesses owing outstanding taxes, to take advantage of the Tax Amnesty before the deadline of December 31, 2018. The taxes eligible are Value Added Tax (VAT), Land Tax, Income Tax, including P.A.Y.E., and Corporation Tax. The waiver of penalty and interest will apply to taxes owed […]

    October 27, 2018Breaking News, Business, FeaturedNo comments