分类: business

  • Jamaican ‘side hustles’ get $ 1 billion fund:  First Union initiative expected to benefit thousands

    Jamaican ‘side hustles’ get $ 1 billion fund: First Union initiative expected to benefit thousands

    KINGSTON, Jamaica — In a landmark move to address Jamaica’s growing demand for accessible small business financing, First Union Financial Company Limited has unveiled a J$1 billion dedicated initiative aimed at lifting up thousands of working Jamaicans pursuing side businesses and budding entrepreneurs across the island.

    Named the Employees’ Side-Hustle and Entrepreneur Micro Loan Revolving Fund Programme, the new initiative is crafted to remove the most persistent barrier holding back income-generating ventures across Jamaica: limited access to affordable capital. By opening up financing to individuals looking to launch new side projects, scale existing small operations, or solidify their business foundations, the fund targets three core long-term goals: expanding financial independence for Jamaican households, increasing rates of local business ownership, and driving sustained, inclusive economic growth across the country, the company outlined in an official statement.

    Jonalisa Brooks, Group General Manager of First Union Financial, explained that the program was directly shaped by shifting labor and economic trends across Jamaica. In recent years, the country has seen a sharp rise in full-time employees launching supplementary side businesses to boost their household income, a trend that created an unmet need for targeted financial support.

    “We have watched a significant shift unfold: more and more Jamaicans are balancing full-time roles while building their own small business ventures on the side,” Brooks shared. “Countless people across the country are searching for actionable ways to add to their income, provide more stability for their families, and build a more secure financial future. We saw a clear gap: there was no dedicated financing program built specifically to support these ambitions, so we built one.”

    Beyond supporting new side-hustle launches, the initiative also delivers much-needed working capital to established small business owners who are ready to scale their operations and grow their impact. Brooks emphasized that access to affordable capital has long been the single biggest challenge facing small and micro enterprise owners across Jamaica, and the fund is designed to directly close that gap.

    “For emerging and established small business owners alike, limited access to financing remains the top barrier to growth,” Brooks noted. “Through this revolving fund, we are delivering practical, accessible funding solutions that meet entrepreneurs where they are. Our commitment to serving the people of Jamaica — working employees and aspiring business owners alike — has never been stronger.”

    Qualified applicants will be able to access loans of up to J$2.5 million to support a broad range of viable income-generating activities. Eligible sectors include retail and wholesale trade, agriculture and agro-processing, local manufacturing, transportation and logistics, professional services, import and distribution, technology and digital businesses, along with other vetted profitable ventures.

    A key innovative feature of the program is its revolving fund structure, which creates a self-sustaining model of financing for future generations of Jamaican entrepreneurs. As current borrowers repay their loans, those funds are cycled back into the pool to issue new loans, ensuring that capital remains available to support new business founders long into the future.

    Brooks emphasized that the launch comes at a critical juncture for Jamaica’s economic recovery and long-term development, noting that many of the country’s most successful, industry-leading businesses started as small side projects run by hardworking founders. “Thousands of Jamaicans have the talent, the drive, and the game-changing ideas to build thriving, successful enterprises — but too often, they are held back simply because they can’t access the capital they need to get off the ground or grow,” she said. “This fund is built to unlock that untapped potential.”

    “Jamaica needs more entrepreneurs, more local business owners, and more local job creators,” Brooks added. “By investing in hardworking people who are ready to invest in themselves and their ideas, we are building stronger local communities, more resilient small businesses, and ultimately a stronger, more prosperous Jamaican economy.”

    First Union Financial is now encouraging all interested eligible Jamaicans to learn more about the program, reach out to company offices for detailed information on eligibility criteria and application processes, and take advantage of the new financing opportunity.

  • The basic food basket has risen 534 pesos, representing 1.1% so far this year

    The basic food basket has risen 534 pesos, representing 1.1% so far this year

    Fresh official economic data from the Central Bank of the Dominican Republic (BCRD) confirms that both the cost of the national basic family food basket and overall inflation have maintained steady upward trajectories through the first five months of 2026, placing growing financial strain on household budgets across the country.

    By the end of May 2026, the average cost of the basic family food basket hit 49,268.36 Dominican pesos. This marks a 1.1% cumulative increase since the start of the year, equal to a 534.08 peso rise from the January 2026 average of 48,734.28 pesos. Price hikes have been observed across all income quintiles, with the highest-income fifth quintile recording the largest absolute increase at 1,378.43 additional pesos. Lower income brackets saw smaller but still notable increases: the lowest first quintile rose by 182.56 pesos, the second by 293.27 pesos, the third by 428.64 pesos, and the fourth by 529.15 pesos.

    Inflationary pressure has also not been evenly distributed across the Dominican Republic’s regions. Between January and May 2026, the East region experienced the steepest rise in basic food basket costs at 681.43 pesos, followed by the North region with a 591.94 peso increase and the Ozama region at 552.34 pesos. The South region saw the most moderate growth, with an overall increase of just 265.58 pesos.

    Overall national inflation has consistently outpaced the BCRD’s official target range of 4.0% ± 1.0% through the first five months of the year. Starting at 4.98% in January, inflation rose to 5.11% in April before climbing an additional 0.24 percentage points to 5.35% in May. Beyond food costs, rising prices for essential services and transportation have compounded increases to the overall cost of living.

    In the services sector alone, monthly inflation hit 0.42% in May 2026, driven largely by higher prices for personal care services. Year-over-year, services inflation reached 6.6% through May when compared to the same period in 2025. When breaking down inflation drivers across sectors, transportation recorded the largest cumulative price increase in the first five months of 2026 at 2.16%, making it the top contributor to overall national inflation. It was followed by services at 0.42%, restaurants and hotels at 0.41%, and health care at 0.36%.

    Not all sectors saw price growth, however. Five categories recorded modest price decreases through May 2026: recreation and culture (-0.98%), food and non-alcoholic beverages (-0.58%), communications (-0.16%), clothing (-0.10%), and furniture (-0.04%).

    Overall, the sustained upward trend in core living costs and above-target inflation has eroded Dominican households’ purchasing power through the first half of 2026, creating ongoing financial challenges for families covering daily basic needs.

  • David Collado launches “Dive Into Happiness” campaign to strengthen the promotion of Cabarete

    David Collado launches “Dive Into Happiness” campaign to strengthen the promotion of Cabarete

    Dominican Republic’s Tourism Minister David Collado has unveiled a groundbreaking international marketing campaign titled “Dive Into Happiness” at a launch event hosted in Miami, marking a key step in cementing Cabarete’s reputation as one of the Caribbean’s premier destinations for surfing and wind-powered water sports.

    This latest initiative builds on a strategic tourism development framework rolled out several years ago, which branded Cabarete the official “Surf & Wind City” of the Caribbean. That earlier strategy was designed to put the Puerto Plata coastal town on both regional and global travel radars, positioning it as a top-tier hub for sports, adventure, and immersive experiential travel.

    The campaign’s launch event drew high-profile professional surfers from both the Dominican Republic and Mexico, a deliberate pairing that aligns with the tourism ministry’s broader goal of bridging Dominican tourism offerings with key international audiences, while showcasing the full breadth of the country’s diverse travel attractions beyond its most well-known spots.

    Through this new campaign, the Dominican Ministry of Tourism is doubling down on its effort to establish the country as the Caribbean’s leading multi-destination travel spot. Rather than only leaning into the nation’s iconic postcard-perfect beaches, the campaign shines a spotlight on niche, specialized destinations like Cabarete, which has already earned global acclaim for its unrivaled natural conditions ideal for surfing, kitesurfing, windsurfing, and a wide range of other adrenaline-fueled water activities.

    Industry analysts note the campaign delivers a much-needed economic boost to the Dominican Republic’s North Coast and the province of Puerto Plata as a whole. It also comes at a pivotal moment for national tourism leaders, who have made growing diversification of the country’s travel product and strengthening the unique identity of individual local destinations a core priority for long-term sector growth.

  • OPINION: Breaking the Deadlock

    OPINION: Breaking the Deadlock

    Collective bargaining stands as a foundational legal process governing negotiations between employers and labor unions, the recognized representative bodies that advocate on behalf of worker interests. Rooted in international labor standards, the International Labour Organization’s Convention No. 98 enshrines workers’ right to collectively negotiate core employment terms including compensation, working hours and employment conditions – a right that governments are legally and ethically obligated to protect and uphold.

    By design, collective bargaining is built on the principle of mutual good faith: both parties enter discussions with the shared goal of reaching a mutually acceptable compromise, rather than forcing through outcomes dictated by just one side. Despite this norm, unilateral action remains a common go-to for governments when they act as the employer for public sector workers. Typically, this approach is justified by claims that negotiations have reached an unbreakable deadlock – a stalemate in which neither side is willing to make further concessions to bridge gaps over compensation, bringing all discussions to a complete halt.

    Historical patterns of government involvement in these negotiations reveal a repeated tendency toward heavy-handed, top-down resolution. When deadlocks are declared, governments often bring the dispute to national parliament for a vote, where ruling-majority lawmakers vote to impose the government’s preferred compensation terms. Many modern labor rights observers characterize this approach as little more than a bullying tactic, raising fundamental ethical and legal questions about the legitimacy of this method for breaking negotiation deadlocks.

    Critics argue that forcing one party’s will onto the other irreparably damages the foundational trust required for productive collective bargaining. In the private sector, the standard practice for resolving deadlocked negotiations is to bring in an independent third-party mediator to facilitate compromise – a solution that is rarely pursued for public sector wage disputes, despite its proven track record.

    While negotiations can certainly grow contentious, many deadlocks are avoidable when parties avoid rigid, inflexible stances. Outcomes are far more likely to be fair and sustainable when both sides center shared goals, rely on objective, data-backed criteria, and remain open to targeted concessions. Formal legal definitions characterize a true deadlock as an irreconcilable standoff, often when opposing blocs are equally divided and unable to take any action – a scenario that is rarely invoked as a legitimate outcome in good-faith bargaining.

    Labor unions have well-documented, strong objections to the use of unilateral legislation to settle wage negotiations, for a host of compelling reasons. First, this approach directly undermines the entire framework of collective bargaining and erodes unions’ ability to secure fair compensation for their members. One-size-fits-all legislation eliminates the flexibility needed to adjust compensation to match rising inflation and address unique needs of different public sectors, while also sidelining workers’ demands and stripping away their right to strike for improved working terms.

    Beyond weakening worker power, this unilateral approach also inflicts lasting harm on democratic engagement in the workplace. By removing workers’ voices from the negotiation process and imposing a top-down outcome, the government effectively denies workers a fundamental human right enshrined in international labor standards. This analysis comes from Dennis De Peiza, a Labour Relations and Employment Relations Consultant attached to Regional Management Services Inc.

  • Louisy re-elected SLHTA president, pledges stronger focus on tourism growth

    Louisy re-elected SLHTA president, pledges stronger focus on tourism growth

    The Saint Lucia Hospitality and Tourism Association (SLHTA) has confirmed that Erwin Louisy, Managing Director of destination management company Barefoot Holidays DMC, has won an uncontested second term as the organization’s president, set to serve through 2028. The announcement was made during the association’s 62nd Annual General Meeting, which convened Wednesday at Saint Lucia’s Harbor Club, where vice presidential candidate Karolin Troubetzkoy, representing the Anse Chastanet and Jade Mountain resorts, was also re-elected without opposition.

    In remarks following her confirmation, Louisy opened by expressing heartfelt gratitude to members of the association, the sitting Board of Directors, industry allies and public sector partners for the continued trust placed in her leadership. Recounting her early career crossroads, she shared that she ultimately chose tourism over paths in arts and fashion, a decision she has never regretted.

    Louisy laid out a clear policy agenda for her new term, centered on strengthening SLHTA’s internal operations, elevating the quality of services delivered to member businesses, and securing the organization’s long-term financial and institutional sustainability. Key priorities under her leadership will include identifying and developing new streams of revenue for the association, conducting a comprehensive review of the current membership structure, and expanding the tangible value that membership delivers to stakeholders across Saint Lucia’s tourism sector.

    Beyond internal reforms, Louisy emphasized that SLHTA will remain a leading advocacy voice for the Caribbean nation’s tourism private sector. The association will push for deeper cross-sector collaboration between private and public stakeholders, stronger interconnected economic linkages across the tourism ecosystem, and elevated industry-wide service standards. It will also advocate for policy frameworks that boost the sector’s global competitiveness, covering critical areas from expanded international airlift access and accelerated renewable energy adoption to targeted destination marketing, streamlined business regulations and enhanced public safety.

    Institutional upgrades to key tourism-aligned public and private entities will also feature on SLHTA’s agenda, Louisy confirmed, including improvements to the Saint Lucia Hyperbaric Chamber and the Tourism Enhancement Fund. “The year ahead will require intentional focus, coordinated collaboration and decisive action to move our sector forward,” Louisy told attendees. “SLHTA must stay rooted as a platform for collective progress and a catalyst for inclusive growth, working to ensure that tourism expansion delivers tangible benefits to our members, local communities and Saint Lucia’s entire national economy.”

    This year’s AGM carried the overarching theme “Powering the Growth of Tourism – Utilities: Essential for Saint Lucia’s Future”, hosted by presenting sponsor Liberty Business with additional support from gold sponsor Saint Lucia Electricity Services Limited (LUCELEC) and bronze sponsor the Saint Lucia Tourism Authority (SLTA). The gathering brought together a cross-section of tourism industry stakeholders, senior government representatives and private sector partners to deliberate on the most pressing barriers to sustained growth and competitiveness for Saint Lucia’s core economic sector.

    deliberations centered on high-priority infrastructure and utility needs, from long-term water security and resilient energy systems to reliable telecommunications coverage, industry-wide advocacy priorities and broader infrastructure upgrades. Attendees universally emphasized the critical need to build robust, modern systems across these areas to support the pipeline of anticipated tourism development and expansion projects across the island.

  • Light & Power at 115 toasts staff

    Light & Power at 115 toasts staff

    On a celebratory Friday at the University of the West Indies Cave Hill Campus’ Errol Barrow Centre for Creative Imagination, Barbados’ sole electricity utility, Barbados Light & Power Company (BL&P), capped off 115 years of continuous service to the island nation with a dual milestone celebration: its second annual Luminosity Awards honoring standout staff, and the announcement of a newly completed collective bargaining agreement with its employee union.

    Gathering under the event theme “Blueprints of Excellence”, the ceremony centered the people who have kept BL&P running reliably for more than a century, moving beyond corporate milestone speeches to lift up the individual and team contributions that underpin the island’s critical energy infrastructure. BL&P Managing Director Roger Blackman opened the event by tying the two major developments together, noting that the successful conclusion of union negotiations fell on the exact date of the utility’s 115th birthday.

    “This week, as we mark our 115th anniversary, we also reached another important milestone—the successful conclusion of our union negotiations actually on our birthday,” Blackman told the assembled crowd of staff, guests, and leadership. “It is a reminder that progress is built not only through infrastructure and investment, but through dialogue, partnership, and respect.”

    Blackman emphasized that BL&P’s 11-decade track record of service is no accident, but the product of consistent, deliberate effort from every member of the organization. “Excellence at Light & Power is not accidental. It is reflected in our commitment to safety and the discipline required to maintain our electricity system. Today is about recognition, but it is also about reinforcement—reinforcing the culture we value, reinforcing the standards we expect, and reinforcing the excellence we will need as we continue to build our future.”

    Regional communications strategist Aprille Thomas delivered the event’s keynote address, shining a light on the often-unrecognized work of frontline and behind-the-scenes energy workers. Thomas pointed out that essential services like electricity only draw public attention when failures occur, making intentional internal recognition all the more critical. “When everything is working perfectly, nobody notices,” Thomas observed. “But the minute something goes wrong, everybody remembers your name, where you work, and where you live. Building on the idea that success is often silent, I think days like today are so important because it is a moment in time that you take to just recognise yourselves and the work that you have done. Your success may be silent, but your impact is not.”

    Thomas also shared thoughtful messages written by current BL&P employees to their successors who will hold the same roles 50 years in the future, with recurring themes of prioritizing workplace safety, embracing evolving energy technology, and centering people as the organization’s greatest asset. Echoing one submission, she noted: “The infrastructure we build, the technology we deploy… are important, but they will never be more important than the people who choose every day to be here, to contribute and to care.”

    Following a musical performance by eight-year-old Arturo Tappin III, the son of renowned Barbadian jazz saxophonist Arturo Tappin, the ceremony moved to the presentation of awards across 10 categories honoring individual and team excellence. Top honors went to a slate of standout employees: Communications Advisor Cassandra Crawford took home the Leadership Award, while Network Administrator Barrington Clarke claimed the Innovation Award. Digital Experience Administrator Tamara Browne and Integration Architect Richelle Bowen shared the Customer Service Excellence Award, AMI Operator Dian Brathwaite received the Health & Wellness Award, and Geographical Information Systems Assistant Charles Blenman was honored with the Outstanding Safety Award for a quick intervention that prevented a potentially fatal accident during a joint excavation project with the Barbados Water Authority, where he identified a buried live cable before work proceeded. The Team Spirit Award went to the Operations Generation team, made up of Liu Ross, Rodney Fagan, Damon Straughan, Shamar Atkinson, Kerwyn Price, and Shaquan Jones, for their outstanding collaborative coordination on core projects.

    In addition to competitive awards, the ceremony also honored long-tenured staff, inducting 11 employees into BL&P’s 25-Year Club, with special recognition for workers who have hit 30 and 35 years of uninterrupted service with the utility.

    Closing the event, BL&P leadership framed the 2025 award winners’ work as a blueprint for the utility’s next chapter, as it transitions to renewable energy sources and modernizes Barbados’ national electric grid.

    BL&P’s history stretches back to 1911, when the first commercial electricity supply was launched from a Garrison power station serving Bridgetown and its surrounding neighborhoods. The company was formally incorporated in 1955, when it took over the assets of the earlier Barbados Electric Supply Corporation, and has grown to become the island’s only electricity provider. Today, BL&P operates as a subsidiary of Canada-based energy firm Emera Inc., following the divestiture of the National Insurance Scheme’s stake during the Frendel Stuart administration.

  • Fishers face rising fuel costs as region explores fleet decarbonisation

    Fishers face rising fuel costs as region explores fleet decarbonisation

    Across the Caribbean’s coastal fishing communities, small-scale independent fishers are facing an unprecedented economic squeeze, as surging diesel prices devour their revenue and a region-wide push to decarbonize fishing fleets leaves them grasping for clear support to navigate the transition. For the working fishermen based at Bridgetown’s fisheries complex, daily operations have become a high-stakes gamble: a single voyage out to open water now requires thousands of dollars in upfront fuel investment, with no guarantee of a catch to offset the cost. This crippling expense has pushed livelihoods to the edge, pushing many operators into cycles of debt that force them to raise retail fish prices just to break even.

    The crisis has moved to the top of the regional policy agenda, driven by the Caribbean Regional Fisheries Mechanism (CRFM), which is moving forward with plans to lay the groundwork for a low-carbon future for the sector. The intergovernmental body has launched a search for specialized consultants to carry out decarbonization assessments of the region’s entire fishing fleet, with the end goal of drafting a comprehensive regional strategy and actionable implementation plan. The initiative comes in response to growing global pressure to cut carbon emissions across all maritime industries, a mandate that fishing sector leaders cannot ignore.

    For the fishermen who make their living on the water, the economic case for moving away from costly fossil fuels is already self-evident—even as the practical path forward remains shrouded in uncertainty. Veteran fisher Percy summed up the volatile, constantly rising overheads that have become the industry’s new normal, noting that his annual diesel expenses have remained consistently in the thousands of dollars, shifting between $6,782 and $8,200 in recent years. Another long-time fisherman, Donville “Dox” Brathwaite, echoed this frustration, explaining that he currently carries an outstanding $7,000 diesel bill just to cover his next scheduled voyage. “Fuel costs can eat up as much as 40 percent of a trip’s total revenue,” Brathwaite explained, a burden that leaves little room for profit or reinvestment.

    While most fishermen welcome the prospect of new energy-efficient and alternative fuel technologies that could cut their long-term operational costs, they warn that current policy planning lacks the concrete support structures needed to make the transition a reality for small-scale operators. Unlike large commercial fishing companies, independent small-scale fishers lack the upfront capital required to purchase hybrid engines or adopt low-carbon infrastructure, and they say no clear subsidy programs, training opportunities, or public-private support frameworks have been put in place to close this gap.

    “Right now, the industry is basically on its own,” Brathwaite said, noting that fishers feel abandoned by both government bodies and private sector institutions as they grapple with spiking operating costs. “We don’t just want vague plans for a green future—we need tangible support right now, any support we can get from any source.” Even so, most fishermen remain open to embracing technological change to improve their bottom line. “This is the age of technology,” Brathwaite explained. “If there’s a tool that can cut my costs, make my job easier, and take the pressure off, I’m ready to take it. What we need is help to actually get it.”

    For the CRFM, the biggest test of its upcoming decarbonization strategy will be addressing this gap: crafting a plan that meets global emissions reduction targets while also supporting the small-scale operators that make up the backbone of the Caribbean’s fishing industry. Without targeted investment, subsidies, and capacity building, fishers warn, the green transition could stall before it even leaves the harbor, leaving an already vulnerable industry on the brink of collapse.

  • Farley promises a  smooth transition

    Farley promises a smooth transition

    The long-awaited opening of Tobago’s upgraded ANR Robinson International Airport terminal has a confirmed opening date, according to top regional official Farley Augustine, Chief Secretary of the Tobago House of Assembly (THA). Augustine shared preliminary details about the milestone project during a press briefing held Wednesday at Scarborough Library, where he addressed growing concerns from local airport concessionaires over proposed high relocation and rental costs.

    While Augustine confirmed that a concrete launch timeline has been finalized, he noted that the official public announcement will be made this coming Monday, keeping the exact date under wraps for the short term. A core priority for the THA throughout the transition process has been addressing complaints from small and micro local vendors, many of whom have spoken out against steep proposed space rental fees in the new facility. Some vendors even reported having their applications for commercial space rejected outright, while others pulled out of the process entirely due to cost barriers.

    Augustine moved to ease these concerns this week, emphasizing that punitive exorbitant pricing is neither supported by the THA nor aligned with the Airports Authority of Trinidad and Tobago’s (AATT) goals for the new terminal. “I will not support nor do I think it is the intention of the Airports Authority to be punitive in any way or to be extremely harsh in terms of their fees…and so I think with some patience and some time people would be moved into the airport effortlessly,” he told reporters.

    To make the transition seamless and accessible for local small businesses, the THA has pledged direct support and dedicated funding for booth and kiosk construction for micro-entrepreneurs. Augustine acknowledged that covering custom build-out costs to meet the new terminal’s design and quality standards would pose a major financial burden for small operators working with limited budgets. That is why the regional assembly is stepping in to cover this work, ensuring local vendors can meet requirements without taking on unsustainable debt.

    Earlier on Wednesday, Augustine led a coordinated stakeholder meeting directly at the new terminal site alongside AATT representatives and affected concessionaires. The session included a guided walkthrough of all assigned commercial spaces, designed to answer questions, clarify logistics, and confirm readiness ahead of the official relocation. This on-site engagement is part of a broader series of preparation activities leading up to the terminal’s opening.

    In a formal statement released by the Office of the Chief Secretary, officials confirmed the AATT has guaranteed that all existing small and micro-business operators currently working out of the old terminal — including local sweet vendors and other micro-enterprises — will receive the opportunity to relocate to the new facility. Augustine emphasized that this inclusive approach is intentional: the entire transition process is structured to center local enterprise, support small business growth, and ultimately deliver a better, more authentic experience for visitors arriving in Tobago.

  • Minister Wijnerman: regering moet zich buigen over afbouw brandstofsubsidie

    Minister Wijnerman: regering moet zich buigen over afbouw brandstofsubsidie

    Suriname’s government is set to imminent deliberations on the future of the nation’s temporary fuel subsidy scheme, with Finance and Planning Minister Adelien Wijnerman publicly advocating for a gradual phase-out of the emergency fuel price cap instead of an abrupt elimination, a change framed as critical to preserving the country’s long-term fiscal health.

    Minister Wijnerman laid out the administration’s position during ongoing budget discussions Friday, responding to multiple questions from members of the national assembly regarding the policy’s status. She reminded lawmakers that the temporary price cap was first approved by the cabinet on March 18 this year, implemented as a buffer to shield Surinamese households and businesses from skyrocketing global crude oil prices.

    Under the current policy, retail fuel prices are capped at 53.27 Surinamese dollars (SRD) per liter for diesel and 48.32 SRD per liter for unleaded gasoline. Without the government intervention, Wijnerman confirmed, retail prices would jump to roughly 64 SRD per liter for diesel and 62 SRD per liter for unleaded. The gap between the capped market price and the actual cost of fuel is covered by the government through reduced state energy revenue, a mechanism that has created growing pressure on public finances.

    This foregone state income, Wijnerman explained, creates a persistent drag on government budgets, a situation that could worsen if global oil prices remain elevated for an extended period. When making a final decision on the subsidy’s future, the minister emphasized, four core factors must be weighed: ongoing trends in international crude markets, fluctuations in the Surinamese dollar exchange rate, the available fiscal space in the national budget, and the broad socioeconomic impact that any change would have on local households and business operations.

    A phased wind-down of the price cap, Wijnerman argued, delivers dual benefits: it eases the growing strain on government finances, while also creating policy space to redirect support toward the communities and economic actors that need it most. The current blanket subsidy structure, she noted, disproportionately benefits higher-income households and more profitable businesses that do not require public support to absorb fuel price increases. This is why the minister suggested that targeted social assistance programs represent a more efficient and equitable alternative to the broad, untargeted fuel subsidy currently in place.

    In addition to addressing the future of the policy, Wijnerman clarified that the Finance and Planning Ministry currently holds no outstanding overdue payments to oil companies operating in the country. Any arrears connected to the scheme that may be held by other sector-specific ministries, she added, have yet to be formally reported to the finance department for reconciliation.

  • Grenada tourism push draws Bajan interest

    Grenada tourism push draws Bajan interest

    A new regional tourism push by Grenada is drawing enthusiastic early feedback from Barbadian travelers, with data already pointing to rising cross-island visitor numbers following a slate of targeted promotional events hosted in the Barbadian capital Bridgetown, a senior Grenada Tourism Authority (GTA) marketing representative has confirmed.

    Speaking exclusively to Barbados TODAY on the sidelines of a business trade exposition hosted at Bridgetown’s popular PureOceans Restaurant, Kwame Hamilton, a marketing assistant with the GTA, outlined that the event brought together local Grenadian tourism stakeholders and Barbadian attendees, who got a first-hand look at the destination’s unique offerings—including opportunities to sample Grenada’s world-famous spice exports and local culinary creations. Hundreds of Barbadian citizens stopped by the exposition’s booths to connect with tourism partners and learn more about vacation, adventure and cultural experiences available on the island, Hamilton added.

    “We created this space to let Barbadians meet directly with our team and local operators, so they can get detailed, up-to-date information about everything Grenada has to offer,” Hamilton said during the event, which was documented by photographer Shamar Blunt.

    The multi-day promotional campaign will extend to a public pop-up activation at Bridgetown’s Worthing Square on Friday, opening the initiative up to even more Barbadians who want to explore what the “Isle of Spice” has to offer. According to Hamilton, the pop-up will serve as another accessible hub for consumers to collect travel information, ask questions, and connect with tourism experts.

    At its core, the campaign is designed to boost public awareness of Grenada’s diverse tourism assets among Barbadian travel agents, prospective visitors, and the general public. Beyond its global reputation as the “Isle of Spice,” Hamilton highlighted that Grenada boasts unspoiled natural landscapes, rich colonial and cultural history, and a wide range of unique leisure experiences that appeal to regional Caribbean travelers.

    Organizers hope that after engaging with the promotional events, Barbadians will leave with a deeper appreciation for all that Grenada has to offer as a travel destination, and will consider it for their next regional getaway.

    Hamilton noted that this type of targeted regional marketing has a proven track record of success. Past similar promotional campaigns have already translated to measurable growth in cross-border travel between the two Caribbean nations, with visitor numbers from Barbados to Grenada posting consistent upward movement in recent years. “After our previous promotions, we saw a clear uptick in traffic between Grenada and Barbados, and our market numbers have been trending up ever since,” Hamilton added.