A top investment banker in Barbados expects the government bonds to grow in popularity with now that they are being traded on the local stock exchange, but at present, it's the Series F bonds which are most in demand.
The disclosure follows the Central Bank of Barbados’ estimate, contained in its review of the economy released in early August, that tourism arrivals had increased by 3.9 percent for the first six months of 2019, for an estimated total of 373,000.
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.
In addition to the base salary of US$700,000 per year and the one-time lump sum cash payment of equal to US$1.35 million, Mr. Miller would this year also be able to earn an annual incentive bonus payable in cash of up to 1.91 times his base salary of US$700,000, or just over US$1.3 million.
In a full page ad taken out in the Weekend Nation of Aug. 9, the TCL Group, parent company of Arawak Cement Co. Ltd. in Barbados, said it disagreed with the ruling by the Caribbean Court of Justice on the rate to be charged on cement imported from outside the region.