Daily Archive: Friday, July 9, 2010

Articles published on Friday, July 9, 2010

Caricom concerned over US people trafficking ranking

–asks Washington for evidence Caricom leaders have expressed deep concern about the US continually placing several of the region’s countries in the Tier 2 Watch list of its Trafficking in Persons (TIPs) annual report as countries that are placed in this category for three consecutive years will be subjected to sanctions.

Gov’t to submit merger proposal for GCC, GFC

-Bourda members concerned about planned exclusion of cricket By Marlon Munroe The government is to submit a comprehensive proposal outlining its vision for the possible merger of the historic Georgetown Cricket Club ground, Bourda, and the Georgetown Football Club to create a sports facility.

LeBron for Heat

NEW YORK, (Reuters) – LeBron James announced last night he was leaving the Cleveland Cavaliers to join Dwayne  Wade and Chris Bosh at the Miami Heat next season, ending one  of the biggest transfer sagas in U.S

Crosse, Stoll carry Guyana to the brink

DENNERY, St. Lucia, CMC – An unbroken seventh-wicket stand of 43 between Kwame Crosse and Andre Stoll put Guyana within reach of first innings points over the Leeward Islands in the TCL Group West Indies Under-19 Challenge yesterday.

Board Chairman Richard Fields

Demerara Life sales up 35% last year

– revenue down by more than $50M over 2008 Despite what it says was a “sharp decline” in demand for services in the insurance sector last year, the Demerara Mutual Life Assurance Society Ltd has reported an impressive 35 per cent increase in life insurance sales in 2009 over the previous year.

Robert Williams

Businesses must pay up rates and taxes, but city needs to fix inept financial management

– private sector urges privatization of Municipal Day Care centres Against the backdrop of yet another urban garbage disposal crisis resulting from the withdrawal of services by private collectors owed millions of dollars by a cash-strapped and increasingly beleaguered Mayor and City Council (M&CC), representatives of the municipality met top private sector officials last week to discuss how the two sides can work together to help the council secure the hundreds of millions of dollars in outstanding rates and taxes owed by urban business houses.

Guyana, Suriname to launch new submarine cable at Curacao telecoms forum

The July 10-15 meeting of the Caribbean Association of National Telecommunications Network which is being held in Curacao will witness a special ceremony at which two senior officials of the Guyana Telephone and Telegraph Company (GT&T) and Suriname’s national telecommunications facility, TELESUR will formally launch their jointly owned Suriname/Guyana Submarine Cable System (SGSCS) GT&T’S Chief Financial Officer Yog Mahadeo, who assumes duty as the company’s Chief Executive Officer on August 1 told Stabroek Business in an interview earlier this week that he and Russ Headley, a senior TELESUR adviser will be the officials involved in the launch ceremony.

Some loans already approved under GBTI WOW facility

– other small business lending schemes possible, Head of Credit says Several applicants for micro-business lending, under the Guyana Bank for Trading and Industry’s (GBTI) new Women of Worth (WOW) lending facility have had their loans approved, according to information disclosed to this newspaper by a senior bank official.

Govt pulls plug on smelter

(Trinidad Express) –  Energy Minister Carolyn Seepersad-Bachan confirmed [on Wednesday] that government had pulled the plug on the Alutrint aluminium smelter project at La Brea Industrial Estate.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 363’s trading results showed consideration of $3,472,671 from 210,289 shares traded in 13 transactions as compared to session 362 which showed consideration of $2,136,142 from 200,082 shares traded in 17 transactions. 

Spy story

The details of the story of the uncovering by the FBI of a ring of alleged “deep-cover” spies in the United States have already been compared in several media reports to vintage Cold War spy thrillers.

Kamla cautions region: T&T no ATM card

MONTEGO BAY (Trinidad Express) – Prime Minister Kamla Persad-Bissessar on Wednesday cautioned regional governments that Trinidad and Tobago does not operate like “an ATM card” while stating the oil-rich twin-island republic was not prepared to fund the regional security budget.