Independent Senator says tax no longer needed
Independent Senator Lindell Nurse has urged the government to reconsider the foreign exchange fee on online transactions, arguing that it has outlived its usefulness and is a burden on the cost of imports. In a debate Wednesday on the Financial Institutions (Amendment) Bill, Senator Nurse said that the fee, which was implemented by the Democratic […]
Thompson makes strong case for regulation
A former Government minister has lashed out at those who believe that Government intervening in the regulation of bank fees is unnecessary. Rather, Senator Liz Thompson believes the intervention is an important step to ensure that rates are not at a level that may be unfair for customers. “Somebody has to protect the customers. Somebody […]
‘Also affected’: Watson brings ‘data breach’ to Senate
Claims that a data breach had exposed customers’ accounts at two Canadian-owned banks were flatly denied by one bank while the other was yet to respond late Wednesday. The alleged data breach made it to the floor of the Senate as Opposition Senator Tricia Watson said she, too, had been affected by the alleged breach. […]
Independent Senator questions regulation bill
Independent Senator Andrew Mallalieu said changes to the Financial Institutions Act read more like an “unnecessary” consumer protection bill than a regulation of the banking community, suggesting there was “ample free competition” among banks for consumers. Lecturing fellow lawmakers on the role of the Central Bank in providing a safe banking environment for the country […]
New financial bill could ‘put brakes on rising bank fees’
A new bill now before senators to amend the law governing financial institutions would curb “arbitrary” charges by the nation’s banks and help put the brakes on some rising bank fees, a minister said Wednesday. Prime Minister’s Office minister Senator Shantal Munro-Knight stressed that the Financial Institutions (Amendment) Bill was not intended for the Central […]
#BTEditorial – No free lunches even among countries
The world in which Barbados operates in 2024 has become so polarised, it is increasingly difficult for the world’s newest republic to remain non-aligned, as former Prime Minister and father of independence the Right Excellent Errol Walton Barrow advised. During the presidency of Donald Trump, the Caribbean witnessed first-hand, the aggressive positions taken by that […]
Bulls, Cavs advance in President’s Cup
Burger King Clapham Bulls and Fusionz Boutique Station Hill Cavaliers are through to the next round of the BABA President’s Cup, after winning their quarter final matchups at the Wildey Gymnasium on Tuesday evening. While Bulls pulled away late to beat NSC Combined Schools Tridents 79-70 in a competitive affair, the Cavaliers destroyed Warrens All […]
Official funeral with military honours for Grantley Watson
Former Commissioner of Police and Executive Director of the Regional Security System (RSS), Grantley Sylvester Watson will be accorded an official funeral with military honours on Friday, March 8, at the St Thomas Parish Church, starting at 1 p.m. The day before, from 2 to 6 p.m., there will be a ‘Vigil Day’ in the […]
Minimum wage ‘to get review’
The Minister of Labour is to reconvene the Minimum Wages Board for a comprehensive review of the minimum wage, he announced Wednesday, days after unions called for a review while another union leader queried whether there was any pay floor at all. But the minister was already anticipating that the review would likely lead to […]
River Van Stand Murder: Twin brother among two to testify
The twin brother of murder-accused Jamar Watson and another witness, Carey Miller, gave testimony on Wednesday in the No. 4 Supreme Court in the River Van Stand murder trial. Watson, 36, of School Gap, Hindsbury Road, is charged with killing Kemar Gooding, of Ellerton, St George, on March 27, 2018. Miller told the 12-member jury […]