The Government, through Export Barbados, plans to establish a life sciences park to further market the island as the ideal destination for global scientists and practitioners. Minister of Industry, Innovation, Science and Technology (MIST), Davidson Ishmael, made the announcement at the opening ceremony of the third annual Science and Technology Festival at the University of West Indies (UWI) on Friday. The park will span over 23 acres located in the …
Head of the Barbados Trust Fund Limited has conceded that the loans from that organisation to some persons trying to launch and finance their businesses is not enough in the current environment of rising input costs.
Jerry Amos, the fund’s acting General Manager told the Estimates hearing on Monday morning that the challenge arose over the last couple years as prices
Local producers and manufacturers of condiments and sauces are already reaping benefits from taking their goods to the International Food Science Centre (IFSC) for processing.
Deputy Chief Executive Officer of the Barbados Investment Development Corporation Andrea Burgess said as an Export Barbados initiative, the IFSC, which was opened last November, is proving instrumental in creating ready-for-export products that were already being
Barbados’ exports for 2022 are up 20 per cent over the previous year. And the increase is being driven primarily by bio-based products, including liquor, according to the chief executive officer of Export Barbados, Mark Hill. “We’ve seen an increase in spirits, particularly rum, those exports are up significantly. We’ve also seen a boost in fats and oils. So Roberts manufacturing has been able to grow significantly,” Hill said, adding …