Economic victory for Victoria

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.

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.  The Indaba, which attracted government ministers, regional officials and top private sector officials, was the brainchild of the people of Victoria.  This self-inspired initiative also had the purpose of galvanizing residents to creative action in order to compensate for the deepening spread of hopelessness among the young and to arrest further decline in the social and economic fabric of the once prosperous and leading rural community.  The keynote address was delivered by Brig. (Ret) David Granger, who is leading the Joint Opposition Political Parties (JOPP) in “A Partnership of National Unity” for the upcoming general elections in Guyana.   While much still needs to be done, the people of Victoria have begun to reclaim the sense of pride and presence that the village enjoyed among the community of villages on Guyana’s eastern coastland.

Tall Order
Inspired by a vision of economic and financial prosperity, Victorians took advantage of the Indaba to assess their situation and to reflect on the actions needed to bring about meaningful change in their lives.  Following the Indaba last year, several members of the community set about making arrangements to implement the decisions that emerged from