CARIBBEAN BROADCASTING CORPORATION

LIME executives leaving

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Written by CBC NEWS Wednesday, 12 June 2013 18:29

The two most senior executives at telecommunications giant LIME are leaving the company.

Gerard Borely, CEO for Barbados and Eastern Caribbean and Alex McDonald the country manager for Barbados, have stepped down from their respective roles.

In a brief statement, LIME says the two men will however continue to work for the company through a transition period.

No specific time frame was given.

The company says it will issue a further announcement regarding the leadership of the Barbados unit in due course.

Index of retail prices down

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Written by CBC NEWS Tuesday, 11 June 2013 20:37

The index of retail prices for March 2013 stood at 165.0 points, representing a decrease of 0.5 per cent when compared with the 165.8 points recorded in February this year.

Increases of 0.8 per cent were recorded for fuel and light and medical and personal care, while transportation dropped by 0.3 per cent.

Decreases were recorded for food by 1.2 per cent; clothes and footwear by 0.9 per cent; housing by 0.8 per cent and alcoholic beverages and tobacco by 0.2 per cent.

The indexes for household operations and supplies and education, recreation and miscellaneous both remained constant over the period.

Between March 2012 and March 2013, the index of retail prices increased by 1.0 per cent, from 163.5 to 165.0 points. The average inflation rate for the 12 month period March 2012 to March 2013 was 3.0 per cent.

Science, technology and innovation competition

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Written by CBC NEWS Tuesday, 11 June 2013 15:22

For the sixth year the National Council for Science and Technology will host the agricultural science, technology and innovation competition.

The contest is open to people in every age group.

Charles Cyrus, director of the council, reminded interested people that the idea does not have to be scientific.

Of the applicants, five finalists will be selected and paired with consultants from across the island to construct a viable business plan.

The winner will then be awarded $75,000 seed capital for the venture.

Last year's winner Shannon Clarke was present to offer words of encouragement and advice.

He said it is important to have people they trust and that they should not attempt the venture alone.

Minister of Education, Science, Technology and Innovation, Ronald Jones, stressed that innovators are essential to Barbados' progress.

Talent and Innovation Challenge of the Americas

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Written by CBC NEWS Tuesday, 11 June 2013 14:47

Two young Barbadians who took part in the recent Talent and Innovation Challenge of the Americas in Guatemala have lauded the initiative.

They are Chenika Moore and Ivan Cox who described the exercise as exciting, noting that they were able to meet young business people from all over the world and they gained many valuable insights.

The duo won the Caribbean Innovation Challenge at the Hilton Hotel in April which made them eligible for the competition in Guatemala.

Ivan Cox says over 30 teams took part in the competition and even though they didn't win, the experience was invaluable.

He says they are even more prepared now to use the current recession as an opportunity rather than an obstacle and have fully grasped the idea of ensuring their dreams are realised.

His advice to young people is never give up.