Rawle Lucas

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Resetting the telecommunications switch

Unilateral Sometime this year, the PPP/C administration will unilaterally pass a Telecommunications Bill that will see a change in the size, structure and management of the information and communications sector. 

That pesky thing called maintenance

Appearance While income in the construction and engineering sector of the Guyana economy has been growing at the rate of 12 percent per annum over the last five years, there is an increasing lack of attention to a critical aspect of Guyana’s infrastructure. 

LUCAS STOCK INDEX  The LSI fell on the decline in the stock price of the two largest companies making up the index.  The stock price of Banks DIH (DIH) fell four percent while that of Republic Bank (RBL) fell over four and a half percent.  The relatively small weight of the stocks of Sterling Products Limited (SPL) was insufficient to move the index in a positive direction, even though its value increased over 15 percent on trading this week.  The three other stocks, Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL) and Guyana Bank for Trade and Industry (GBTI) that traded in the week provided no help since they all recorded no change in value.  As a result, the spread between the index and the risk-free Treasuries due to mature in December 2011 fell below 15 percentage points.

Advancing a concept for village development

Budding Relationship In this the third discussion about the village of Victoria, one of the many rural communities facing grave economic and social challenges, an effort is made to highlight a few issues aimed at promoting and solidifying its development. 

LUCAS STOCK INDEX  The LSI edged up less than half of one per cent in the third week of trading in July 2011. The slight change in value of the index came as a result of a four per cent rise in the DIH share price that countered a three per cent decline in the share price of DDL. With the stock price of RBL constant, the index maintained an upward trajectory. As a result, the index continues to exceed the risk-free Treasuries due to mature in December 2011 by more than 16 percentage points.

Reshaping its village economy

Village Conditions The village of Victoria, located about 18 miles from Georgetown, has begun preparations for hosting the second Indaba (conference) in an effort to take control of its economic future and to bring greater economic and financial success to its residents. 

LUCAS STOCK INDEX LSI  At the time of writing, no data was available for stock trades in the first week of July 2011.  As a result, the LSI remains at the same level as last week.

Hiding behind turmoil overseas

Attractive Prices At the time of writing this article, the price of gold had jumped by US$17 to reach US$1,531 from its closing price of Tuesday. 

LUCAS STOCK INDEX LSI  In the last week of trading for the month of June 2011, the LSI increased by a mere half of one percent.  The slight movement in value came from the trade of the stocks of three companies namely Banks DIH (DIH), Demerara Distillers Limited (DDL) and Republic Bank Limited (RBL).  DDL posted a 3.77 percent increase while DIH and RBL recorded no gain.  Despite the small change in value, the index now exceeds the risk-free Treasuries due to mature in December 2011 by nearly 12 percentage points.

Economic victory for Victoria

Pride One year ago, the people of Victoria convened their first Indaba (conference) to confront the economic plight and dim development shadow that hovers over the village. 

LUCAS STOCK INDEX  The LSI increased over four percent on trading of the stocks of four companies.  Republic Bank Limited (RBL) recorded an increase of over 14 percent while Banks DIH (DIH) increased over four percent.  While the stock of Caribbean Container Incorporated (CCI) showed no change, that of Demerara Distillers Limited (DDL) declined by more than three percent.  As a result, the index exceeds the risk-free Treasuries due to mature in December 2011 by more than 11 percentage points.

The ties that bind

Legal Jeopardy One of the busiest market places in Guyana is the cambio, where foreign currency is bought and sold daily. 

The LSI remained unchanged from last week despite trading of the stocks of three companies, Banks DIH (DIH), Demerara Bank Limited (DBL) and Demerara Tobacco Company (DTC).  None of the traded stocks recorded a change in value.  As a result, the index remained at less than five percentage points higher than the risk-free Treasuries due to mature in December 2011.

Gift or gimmick

Exemption Everyone likes to receive good news and Guyanese might believe that they got some in the 2011 budget. 

LUCAS STOCK INDEX  The LSI increased slightly on trading with mixed results in the fourth trading period of the month of April 2011.  In a rare occurrence, the stocks of seven of the nine companies making up the index were active during this session.  Only the stocks of Caribbean Container Inc (CCI) and Citizens Bank (CBI) did not trade this week.  Despite the historic participation, the index increased by a mere half of one percent.  Guyana Bank for Trade and Industry (GBTI) posted strong gains of over 12 percent while Demerara Tobacco Banks (DTC) recorded positive growth of over one percent.  The stocks of Demerara Distillers Limited (DDL), Republic Bank Limited (RBL) and Sterling Products Limited (SPL) remained unchanged while the stocks of Banks DIH (DIH) and Demerara Bank Limited (DDL) lost ground.  The index remains in excess of five percentage points higher than the risk-free Treasuries due to mature in December 2011.

The bitter taste of sugar

Oddity The Stabroek News of April 18, 2011 contains a comment on the performance of the sugar industry that was attributed to Mr.

LUCAS STOCK INDEX The LSI increased slightly with a gain of less than half of one percent in trading this week.  The stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL) and Republic Bank Limited (RBL) traded this week.  Only the stocks of DIH showed any positive movement with a positive gain of 2.59 percent.   As a result, the index exceeds the yield of the risk-free Treasuries due to mature in December 2011 by over five percentage points.

Is Sterling Products Limited too complacent?

Happy Not too long from now Sterling Products Limited (SPL) will convene its Fifty-Sixth Annual General meeting to consider the performance of the company in 2010 and deliberate on plans perhaps already underway for 2011. 

Inside the service sector

Favours As noted before, the service sector is a significant part of the Guyana economy and construction occupies a prominent portion of that sector. 

Inside the service sector

(Part 1)   Services At 63 percent, the service sector is responsible for the biggest share of income of the Guyana economy. 

Fiddling with the tax rate

Tax act In presenting the 2011 budget, the administration informed the country that it was reducing the tax rates that were applied to the income of commercial and non-commercial companies doing business in Guyana. 

Economic posturing

True and accurate The condition of the manufacturing sector offers a glimpse of what is wrong with the economic conduct and policy of the current administration. 

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