BIDC Business Catalyst 6 #3.indd 1 12/21/10 3:17:07 PM

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Economic Statistics Online Central Bank Changes Presentation of Online Statistics Users of the Central Bank of Barbados’ statistics can now access them more easily. The Bank has announced that anyone can now download from its website - http://data.centralbank.org.bb - most of its statistical data in Excel format. The longest series at the highest frequency is posted on the site, so that persons can more conveniently download information on a range of frequently-requested information . In announcing this change in the presentation, the Bank said that the new format is in keeping with international standards. The statistical information on the website is definitely more userfriendly and much easier to manipulate. The use of Excel, rather than Pdf, facilitates manoeuvrability, and the inclusion of graphs definitely enhances the presentation. Yet another feature of this enhancement is the more timely publication of the information, as it is uploaded as soon as it becomes available, rather than monthly or annually as occurred in the past. The data in the Economic and Financial Statistics (EFS) is available in the new format and cover more than 600 variables, pertaining to the monetary authorities, commercial banks, non-bank financial institutions, interest rates, securities, public finance, foreign trade and general statistics. Persons downloading the data can choose variables by selecting the period of interest and/or the preferred frequency, i.e. monthly, quarterly or annually. And very soon the statistics contained in the Statistical Digest (ASD) and the Balance of Payments (BOP) Survey will be integrated into this format. The Bank has provided statistics to Government and the public since its establishment in 1972. The Research and Economic Analysis Department (READ), formerly the Research Department, collects, compiles and processes this statistical data from original and secondary sources such as commercial banks, trust companies, the Government Statistical Office, Central Government and statutory bodies, as well as from the Bank’s own departments. Historically, this information was prepared and published in hardcopy in the monthly Economic and Financial Statistics, the Statistical Digest or the Balance of Payments, both of which are produced annually. The Bank has discontinued the hard copy publication of these statistics and instead is publishing all of the statistical information on-line. 28 Barbados Business Catalyst • July - September 2010
News To Note BARBADOS FURNISHINGS AND ACCESSORIES ON SHOW The Barbados Investment & Development Corporation (BIDC) is partnering with the Barbados Manufacturers Association (BMA) and the Council for Investment, Exports, Foreign Exchange and the Diaspora (CIEX), within the Ministry of Foreign Affairs and Foreign Trade in hosting a furniture expo. The Barbados 2010 Holiday and Home Furnishings and Decorative Accessories Expo is scheduled for November 24 - 26, 2010. Manufacturers and designers have come together to produce a range of new and innovative products which will be showcased as viable alternatives to imports. The range will include products for the accommodation sector, homes, offices, schools and restaurants. NEW DIRECTORS IN CHARGE The BIDC has a new Director of Export Development and Promotion. Ms. Sonja Trotman was appointed to the post, effective August 01, 2010. She succeeds Ms. Cora Clarke, who retired from the Corporation on July 31st, 2010. Ms. Trotman formerly served as Manager and later Director of the Research and Information Services Division. New BIDC Director of Export, Ms. Sonja Trotman The BIDC also welcomed a new Director of Investments and Property. Ms. Karen Forde joined the staff of the BIDC on July 15, 2010 in the post of Director Investments and Properties. HAPPY RETIREMENT TO CLARKE AND CLARKE The BIDC recently bade happy retirement to two senior members of its Export Development and Promotion Division. development of the organization, the manufacturing sector especially the exporting community and by extension, Barbados”. Director, Ms. Cora Clarke, retired from the Corporation on July 31, 2010, after 31 years of service. And just one month later, she was followed by Manager, Mr. Henderson Clarke (no relation), who retired effective August 31, 2010 after 29 years of service. She expressed the wish that the BIDC will continue to develop as an organization of which not only staff, but all Barbados can be proud, fulfilling its objectives for the future growth and development of its clients, both internal and external. Ms. Clarke speaking during her last day in office said “It has been a privilege and an invaluable education to have served the Corporation and to have made a contribution to the Barbados Business Catalyst • July - September 2010 29
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Page 5 and 6: Editor’s Desk By Jane L. Brome Th
Page 7 and 8: CEO’s Desk investments in ICTs, n
Page 9 and 10: E-Commerce more aware of the compet
Page 11 and 12: Software Development West Learner a
Page 13 and 14: Going Online Spinning your Web By P
Page 15 and 16: Social Networking and has touched v
Page 17 and 18: Streaming Caribbean to the World Ba
Page 19 and 20: National ICT Plan benefits of combi
Page 21 and 22: ICT as a Driver of Growth A quick a
Page 23 and 24: ICT as a Driver of Growth ICT cover
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Page 27: Efficiency through ICTs Government
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Page 33 and 34: Trading Developments Regional ICT S
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BIDC Business Catalyst 6 #3.indd 1 12/21/10 3:17:07 PM

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