Daily Archive: Friday, January 12, 2007

Articles published on Friday, January 12, 2007

Banks DIH group profits for 2006 down from $823m to $781m

Chairman of Banks DIH Ltd Clifford Reis says in his report on the performance of the company for the year ended September 30, 2006 that the failure of the Government of Guyana to honour its obligations for the repayment of bonds to Citizens Bank Guyana Inc was the primary reason for the less than anticipated level of after tax profit achieved by the bank in 2006.

VAT fallout

Earlier this week the Guyana Revenue Authority and sections of the local private sector- specifically the Georgetown Chamber of Commerce- clashed head-on over the implementation of the new Value Added Tax (VAT) with both sides trading accusations about the veracity of each other’s actions.

Town Week impasse could rob Linden of much-needed economic activity

The controversy between the Interim Management Com-mittee of the Linden Mayor and Town Council and the Kashif and Shanghai Organization over the payment to the Council of fees for the staging of the 2007 Linden Town Week may rob the entire community of the economic benefits that could derive from the successful staging of the event, according to Director of the Kashif and Shanghai Organization Kashif Mohammed.

Stock market updates

Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

Golden Jaguars get blazers

Minister of Culture, Youth and Sport Dr. Frank Anthony yesterday handed over 30 blazers to the Guyana Football Federation (GFF) for use by the national football team known as the Golden Jaguars in the Digicel Caribbean Cup finals.

GABA tournament nears climax

Pepsi Sonics will face Legends tonight in the first game of a double header while Ravens will try to evade the sting of the Scorpions in the second game at the Cliff Anderson Sports Hall as the Georgetown Amateur Basketball Association’s Super League tournament nears its climax.

Casino bill rolls on

The government last night forged ahead with plans for the controversial casino gambling bill despite a raft of challenges yesterday which included protests outside Parliament, a petition signed by 40,000 and an opposition motion seeking to have a study done on possible impacts.

Collymore hospitalised

Former Minister within the Ministry of Local Government and Regional Development Clinton Collymore was yesterday admitted to the Georgetown Hospital after complaining of chest pains.

NA hospital store robbed again

One month after bandits broke into Aaron & Son Jewellery Establishment on Main Street, New Amsterdam and carted off $1.2M in gold and silver jewellery they again invaded the store a few nights ago.