Balanced Approach To Granting Concessions

Sharon Austin Top Stories

This island’s Minister of Finance, Christopher Sinckler, believes there must be a “balanced approach” to governments granting tax concessions to investors. Mr. Sinckler said that while officials should never “give away too much” in concessions, they should also never push themselves out of the market by not offering the necessary opportunities to investors because this would make them look elsewhere. …

Gov’t Signs Loan Agreement With CAF

Sharon Austin Top Stories

Government today signed a loan agreement with the Latin American Development Bank (CAF) for US$15 million to finance Barbados’ Tax Administration Infrastructure Reform Programme. Shortly before signing the document, Minister of Finance, Christopher Sinckler, said the programme would be implemented over a two-year period at a cost of US$18.93 million, with Barbados providing US$3.93 million in counterpart funding. Mr. Sinckler …

Draft Recovery Programme Soon

Sharon Austin Top Stories

The draft Barbados Sustainable Recovery Programme (BSRP) 2017 will be published shortly. This disclosure came from Minister of Finance, Christopher Sinckler, who said the plan, which dealt with the current economic challenges head on, would be targeted, inclusive, decisive and would benefit from wide public discourse. He made the comments today as he addressed the Annual Conference of the Institute …

B’dos Dollar Not On Way To Devaluation

Sharon Austin Top Stories

The Barbados dollar is not “on its way to a devaluation”! This assurance came today from Minister of Finance, Christopher Sinckler, as he addressed the Annual Conference of the Institute of Chartered Accountants of Barbados, at the Lloyd Erskine Sandiford Centre. Acknowledging that a healthy reserves position was the bedrock of maintaining the desired peg against the US dollar, Mr. …

B’dos Strengthening Ties With IDB Group

Sharon Austin Top Stories

Barbados is improving and strengthening its excellent relationship with the Inter-American Development Bank (IDB). Minister of Finance and Economic Affairs, Christopher Sinckler, who is also Barbados’ Governor of the IDB Group (IDBG), recently met with four Directors of the IDBG Board at Government Headquarters. Mr. Sinckler said during the courtesy call that he was “very pleased” to have the Directors …

Barbados’ Recovery Plan Will Be Practical

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The Barbados Sustainable Recovery Plan 2017 will be “bold, practical and implementable”. This disclosure came today from Minister of Finance, Christopher Sinckler, after he chaired a near four-hour meeting at the Grande Salle, Tom Adams Financial Centre, to discuss the draft plan which is currently being developed. Mr. Sinckler told the Barbados Government Information Service: “A number of the suggestions …

More Persons Need Training In Customs

Sharon Austin Top Stories

Minister of Finance, Christopher Sinckler, believes a group of people should be trained in the basics of customs work so Government could draw on those resources when the need arises. Mr. Sinckler expressed this view over the weekend while addressing the Customs Brokers’ Annual General Meeting at the Small Business Centre in Fontabelle. “We need a cadre of persons in …

Further Upgrade For ASYCUDA System

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This island’s Minister of Finance, Christopher Sinckler, has reiterated Government’s commitment to improving business facilitation in Barbados. Mr. Sinckler made the comments over the weekend, as he addressed the annual general meeting of the Customs Brokers, at the Small Business Centre in Fontabelle. Mr. Sinckler told his audience: “Government is mindful that economic growth and development cannot be achieved without …

Transition Delays Costing Barbados

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The delay in the Customs Department transitioning into the Barbados Revenue Authority (BRA) is costing the country. This disclosure came from Minister of Finance, Christopher Sinckler, over the weekend as he addressed the annual general meeting of the Customs Brokers at the Small Business Centre in Fontabelle. Mr. Sinckler told the gathering: “What has happened because of those delays is …

Improving Competitiveness Is Key

Sharon Austin Top Stories

Government remains committed to improving the competitiveness of Barbados over the short, medium and long-term. This assurance came today from Minister of Finance and Economic Affairs, Christopher Sinckler, as he delivered remarks at the closing workshop for the Barbados Competitiveness Programme, at the Lloyd Erskine Sandiford Centre. Mr. Sinckler contended that attaining competitiveness was not a one-off achievement but a …