B’dos Borrowing $US 25M to Upgrade Kensington Oval
Barbados has signed a loan agreement for 25 million US dollars to refurbish Kensington Oval in preparation for the Cricket World Cup next year. The loan was borrowed at a 7 per cent interest rate for a period of 7 years. Prime Minister Mia Amor Mottley said the loan will also be for the development […]
Growth in Credit Union Union Movement
Credit unions are reporting a significant growth in membership and also an increase in financial assets for this year. This has been disclosed by President of the Barbados Co-operative and Credit Union League Limited, Kemar Cumberbatch, addressing the League’s Annual General Meeting. Mr. Cumberbatch notes that the membership is growing but he expects to see […]
5.2 Quake Rocks Jamaica
Jamaica was rocked by a massive earthquake this morning. Preliminary reports suggest that the quake measured 5.2 on the Richter scale. Jamaicans across the island reported feeling the quake about 10:57 a.m, but it was felt strongest in eastern and central parishes. In September, the country was also hit by a 5.2-magnitude earthquake. scenes from […]
New Feed Plant To Reduce Farm Costs/Consumer Prices
A new animal feed manufacturing plant commences operations in Barbados in February next year that government believes could help to reduce farming costs. At the same time Agriculture Minister, Indar Weir, thinks the mark-ups by some retailers are contributing to the high cost of chicken. He highlights the new feed plant as one of the […]
Police Pay Hike Likely Under Regrading
Salaries for police officers in Barbados are likely to be increased under a regrading exercise currently underway and the service has also been promised that concerns about their facilities are being addressed. Attorney General Dale Marshall was speaking to Starcom Network News after the head of the Police Association listed a number of concerns in […]