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Finance

News

Barbados reaches deal on foreign debt with creditors' group

The Government of Barbados and the Barbados External Creditor Committee said on October 18 that they had reached an agreement in principle to exchange some of the Government’s U.S. dollar-denominated debt for new bonds to be issued by Barbados.

FTC says it can't tell banks what to charge

The ongoing complaints about what some critics have called excessive fees charged by the commercial banks operating in Barbados has led to a response from the Fair Trading Commission.
News

Consumers spend 60% of pay on the basics, says CBB

The average consumer in Barbados spends just over 60 percent of his or her wages or salary on just three categories: food and drink; housing and utilities; and transport, says the Central Bank of Barbados.
Commentary & Analysis

‚ÄćRunning out of guppies

The phrase I like is ‚Äúmodest lending opportunities‚ÄĚ because it might suggest to an outsider that the banks can‚Äôt find anybody to whom they might lend the money they have taken in on deposit. At one-tenth of one percent.
Company News

RBC teams up with UWI again to raise funds

The third RBC Race for the Kids, in collaboration with The University of the West Indies, Cave Hill Campus, has raised BBD$125,000.
News

Foreign lenders accuse Barbados of not acting in "good faith"

The lobby group said that the Government had released so-called ‚Äúrestructuring scenarios‚ÄĚ that ignored its suggestions during negotiations over the past several months.
Company News

Republic relaunches Premium Banking

Republic Bank’s Premium Banking has been revamped to provide a more comprehensive and personalized service to suit clients' needs better, with more services, benefits and privileges.
News

Major taxes yielded more revenue, except one, in FY2016-17

According to the latest economic review from the Central Bank of Barbados, based on provisional estimates, the Treasury took in close to BBD$189 million more from all revenue streams - direct taxes, indirect taxes, grants and non-tax revenue - than it did for the previous financial year, 2016-17.

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