Daily Archive: Friday, January 30, 2009

Articles published on Friday, January 30, 2009

Winston Murray

Security oversight body approved

-after intense Parliament debate The National Assembly yesterday passed a constitutional amendment to set up the long-awaited security sector oversight committee, with responsibility for the policies and administration of the disciplined forces.

Sugar to be imported from Guatemala

A shipment of about 2000 tonnes of brown sugar from Guatemala is expected to arrive in Guyana today, the first time in around 19 years that the sugar corporation has had to this in order to meet its lucrative export commitments.

Fire scare at Topco

A fire scare at the Topco plant of Demerara Distillers Limited last evening saw a fire tender being summoned and senior company officials rushing to the scene, but there were no reports of major damage.

Commissioner General Khurshid Sattaur

‘Lost’ documents may have had bearing on Fidelity report

– source The report on the special investigation into the Customs/Fidelity fraud has charged that the Guyana Revenue Authority (GRA) used “deliberate tactics to frustrate the investigation,” citing the reluctance of officers to provide information as one of the difficulties encountered by the task force during its investigation.

The Business Editorial

How complete is the Fidelity/Customs investigation? One of the more interesting revelations that emerged from the long-awaited Customs/Fidelity Report was that there appeared to be no love lost between the investigating team and Guyana Revenue Authority during the course of the investigation.

A different world

By Rawle Lucas Seminal Moment Looking out on the millions who braved the cold on January 20, 2009 to embrace, in person, a seminal moment in United States history, President Barack Obama saw a sample of the enthusiasm and hopefulness that his election to the highest office in the land inspired. 

CIOG is working diligently for the social and economic development of less fortunate Guyanese

Dear Editor, Congratulations to Guyana’s largest and most dynamic non-governmental organization (NGO), the Central Islamic Organization of Guyana, (CIOG) for securing a grant from the Islamic Development Bank (IsDB) of US$495,000 to fund the construction of a medical centre in Georgetown which will serve to further strengthen Guyana’s health sector for the benefit of all Guyanese, regardless of race or religion.

Dissecting the task force report on the Fidelity/Customs fraud

By Analyst Well the report is finally in!  On December 19, 2008, some nine months after the investigation commenced, the task force mandated to investigate claims that Fidelity Investments Inc had with the assistance of officers of the Customs and Trade Administration (CTA) defrauded the government of millions of dollars in revenue,  handed its report to President Bharrat Jagdeo.

Archer heads Masters IMC

An Interim Management Committee (IMC) has been set up to run the affairs of the proposed Guyana Masters Football Association following a meeting at the Georgetown Football Club’s pavilion on Sunday.

Stock market updates

GASCI Summary of Financials Session 288 January 26, 2009Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

The power of the people

Last Sunday, about 60% of the votes cast in Bolivia’s referendum were in favour of the constitutional reform being promulgated by the government of President Evo Morales.