Daily Archive: Friday, February 5, 2010

Articles published on Friday, February 5, 2010

Sugar costs cut by $2B

-Persaud tells Parliament committee Agriculture Minister Robert Persaud has credited GuySuCo’s turnaround plan with significantly cutting costs last year to the tune of some $2 billion, including a sizeable chunk in management costs.

 David Patterson

Guyana fully committed to regional basketball –Patterson

Acting President of the Guyana Amateur Basketball Federation (GABF) David Patterson says that Guyana has fully recommitted  itself to the Caribbean Basketball Confederation (CBC) after attending the Annual General Assembly which was held last weekend in the British Virgin Islands (BVI).

Part of the action at the Bounty Farm-sponsored Handicap squash tournament on Wednesday evening at the Georgetown Club court. (Orlando Charles photo)

Arjoon continues fine form in squash tourney

Andrew Arjoon, with a positive 10 handicap, continued where he had left off on the opening night with a hard fought win over national junior player Oliver Downes in the 2010 Bounty Farm-sponsored Handicap Squash Tournament which  continued on Wednesday evening at the Georgetown Club courts.

Vishnu Samaroo

El Nino squeezes Essequibo rice farmers

–paying top dollar to pump fresh water Rice farmers along the Essequibo Coast are praying for a change in the current dry weather as a scarcity of fresh water in the rice producing areas has left several of them facing an uphill battle.

Miners ‘revolt’ against new regulations hands gov’t its first major private sector protest

Demonstration driven by fear of official moves to reduce small-scale mining activity Bartica this week handed the government of President Bharrat Jagdeo the first major non-political mass protest of its tenure as the community known as the gateway to the country’s mineral-rich interior shut itself down and took to the streets in a massive demonstration against new mining regulations which it fears will cripple much of the small and medium scale gold mining activity upon which the township depends for its economic existence.

Bank of Guyana

CDB report commends Guyana’s 2009 economic performance

Cites stable exchange rate, fiscal soundness Despite “poor sugar and rice harvests” which resulted in a significant contraction in the performance of Guyana’s   agricultural sector, the recently released report of the 2009 activities of the Caribbean Development Bank (CDB) has cited Guyana as one of only a few Caribbean economies that demonstrated a measure of resilience in a year when a global financial crisis and economic recession resulted in a contraction in economic output in most regional economies.

Corruption and the private sector

(Extracted from Transparency International’s Global Corruption Report – 2009) The private sector plays a pivotal and expanding role in improving the well-being of societies, communities and individuals.

The private sector and the media

Chief Executive Officers of private sector entities in Guyana are usually not keen to speak publicly about what they perceive to be problems that impact negatively on the well being of their enterprises, particularly in cases where those problems are believed to be   remediable through government intervention.

Thieves hit Lara for TT$1M

(Trinidad Guardian) – Six people have been arrested by police in connection with the disappearance of a safe containing close to TT$1 million in cash and jewellery from the Lady Chancellor mansion of international batting superstar Brian Charles Lara.

Minister of Tourism Manniran Prashad

The Caribbean tourism industry:

Will the 2009 nightmare push regional tourist destinations towards diversification? Even as the Caribbean’s tourism industry seeks to point to what it believes are early signs of a silver lining behind the dark clouds that settled over the sector for much of 2009, the body blow which the decline in tourist arrivals has dealt to the region raises once again the long-debated issue of the need for Caribbean   tourist havens to treat with the issue of economic diversification of their economies with a greater sense of urgency.

N.Ireland parties agree devolution deal

BELFAST, (Reuters) – Northern Ireland’s rival main  parties agreed a deal yesterday to devolve police and justice  powers to Belfast from London and end a lengthy row that had  threatened to topple their power-sharing government.

Jerrylee Lewis

A flair for fashion

Boutique proprietor John Lewis tells Stabroek Business that the multi-million-dollar fashion industry is far more important to shaping the national psyche than we might imagine.

‘Hot Track’ meet set for Sunday

The Joe Vieira Park will come alive this Sunday as the In Excess (INXS) Performance which is headed by Biker ‘Smallie’ hosts their first grass track meet, ‘Hot Track’ which kicks off the motocross season.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 341’s trading results showed consideration of $2,958,885 from 128,074 shares traded in 18 transactions as compared to session 340 which showed consideration of $1,349,966 from 47,237 shares traded in 11 transactions. 

Frankly Speaking

Achievement! Recognition! Then what? Our young Calypsonians challenge Besides this being one of my “lazy days” when I’ll quote heavily from one of my favourite controversial sources, today’s offering which will no doubt be familiar to my regulars, is informed by the fact that February is the African-American-inspired “Black History/African Heritage Month.”

Lessons from T&T

There are some important lessons to be drawn from Kamla Persad-Bissessar’s historic election to the post of political leader of the United National Congress (UNC) in Trinidad and Tobago.