Use capital to grow wealth, says PM

Some local companies have been encouraged to be more aggressive with their capital, with Prime Minister Mia Amor Mottley also urging them to strive to expand beyond these shores.

While delivering the feature address during a ceremony to announce the winner of Goddard Enterprises Ltd’s 100th anniversary entrepreneur competition on Friday, Mottley emphasised that transferring capital was vital to generating wealth.

“If you want to create wealth, then you need the inter-generational transfer of capital from one generation to the next. The fact [Goddards] had the courage to go public while still being able to retain the essence of its ‘Barbadianess’ in the majority of its ownership is a matter of tremendous pride for us as Barbadians,” she said.

“I’ve said it before and I’ll repeat now, I am not one who complains that the Trinidadians ‘coming up here and buying up all the things’ because I don’t see anything wrong with our hands, our feet and our minds. (TG)

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