News From Barbados
Press release
16 Feb 2010
Barbados
Thompson cuts ribbon at official ceremony PRIME MINISTER David Thompson says that 54 new luxury Sapphire Condominiuns will be a boost for Barbados’ economy. Giving the feature address at the official opening ceremony of the Dover, Christ Church property, he said there would also be “a continuous flow of foreign exchange”. “The sale of these condominiums – to people mainly from the markets that we depend on for tourists and to Barbadian citizens as well, will lead to a significant injection and circulation of financial resources into the Barbadian economy. “And since many of the owners are willing to place rooms into the pool for short term rentals, there will be a continuous flow of foreign exchange into the country. Needless for me to say they will also create employment for Barbadians,” said Thompson.
Press release
15 Feb 2010
Barbados
Barbados Advocate - Business Monday THE Sapphire Beach Development cost approximately $50 million to build, and while they employed 300 Barbadians, sale of the units are expected to generate close to $85 million in foreign exchange. These numbers were revealed Friday night by Bjorn Bjerkhamn, one of the principals behind the project located at Dover, Christ Church. Speaking at the official opening ceremony for the 54 luxury units built on the site previously occupied by the Dover Convention Centre, Bjerkhamn said that practical completion sales have increased with the addition of over half a dozen units being sold. "This development is a strong contender in the international market," he told the ceremony attended by government officials headed by Prime Minister David Thompson, and many of those who partnered in the project. He said that they had chosen the opportunity to contribute to the local economy through the development of what was an unused facility.
Article
02 Feb 2010
Barbados
Escape to Barbados - land of sun, sand and royalty. By Anna Tyzack - Telegraph.co.uk Published: 4:10PM GMT 02 Feb 2010 Some of us sit around and complain about the miserable British weather, the recession, and falling house prices. Others make their way to Gatwick and fly to Barbados.
Article
28 Jan 2010
Barbados
On a recent trip to Barbados, Cathy Hawker speaks of her experience and how she sees the Barbados property market shaping up for the UK investor. Download the attached PDF for the full story, or visit Homes & Property via this link to see the whole issue: http://es.homesandproperty.co.uk/handp/media/Binder1_10021.
Newsletter
01 Jan 2010
Barbados
JANUARY 2010 Time for The Red Book
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American playwright Tennessee Williams once said, “Time is the longest distance between two places.” This time last year we were apprehensive about what 2009 held for us as the major economies of the world virtually crashed and burned. We were counseled that a flight to quality would leave Barbados in a relatively good position when the economic smoke cleared. The time has inched by and The Red Book 2010 reflects that the distance between economic chaos and normalcy is growing shorter, even if incrementally. In anticipation of The Red Book 2010, we take a look at the views of some of this year’s writers, business professionals with interests spanning real estate, construction, insurance, finance and history.
Article
02 Dec 2009
Barbados
There have been so many great clichés knocked around in the last year that I thought I would start by listing my favorites. I am sure that they should be attributed to the authors but I know not who they are. “When the tide comes in all ships float.” “A great deal of intelligence can be invested in ignorance when the need for illusion is deep.” And my favorite: “When the wind blows strong you see who is wearing knickers.
Newsletter
01 Nov 2009
Barbados
NOVEMBER 2009 Firm Craftsmen of Our Fate*
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As we near our 43rd anniversary of Independence in what has been a very challenging year, we thought it a good time to reflect on our small island’s resilience. Just a year ago the world seemed to have stood still as international giants Lehman Brothers, Bear Sterns and AIG (to name a few) all but imploded and caused mass economic turmoil around the globe. Regionally, CLICO announced its financial instability bringing the problems of the world even closer to home. As expected tourist arrivals slowed and direct foreign investments all but ground to a halt.
Article
12 Oct 2009
Barbados
BY February next year Barbadians and visitors to the island should have a new shopping centre to frequent on the South Coast, and it is expected that this would raise the profile of this part of the island. The Lanterns at Hastings is a two level, upscale shopping centre owned by Windsor Plaza Limited, located on the site of the old Windsor Hotel in Hastings Christ Church, and will be the home of a full range of retail establishments, such as jewellers, pharmacies, spas, designer clothing and swim wear outlets, salons, restaurants, financial institutions, and more. Last Friday, the developers of the project and representatives of their real estate agents Terra Caribbean, spoke to the Business Monday about the project that got underway in April of last year. Andrew Laquis, one of the Windsor Plaza Limited’s directors and principal investors, stated that they had experienced a few delays that resulted in the completion of the project being bushed back from next month to February. “The reason why we had some delays along the way is that we wanted to make sure that we delivered a very high end project on the market.
Article
12 Oct 2009
Barbados