Daily Archive: Friday, June 29, 2012

Articles published on Friday, June 29, 2012

`Fuzzy' Sattaur

`Fuzzy’ Sattaur resigns from NCN

Chief Executive Officer of the state broadcaster, NCN, Mohammed Sattaur has resigned and the Programme Manager, Martin Goolsarran has been suspended for eight weeks following investigations into financial irregularities at the company.

Guyanese trader gets five years in Jamaica for cocaine

(Jamaica Observer) A Guyanese man, who was caught with 21 pounds of cocaine in an X-box game and packets of biscuits during a stopover in the country, was yesterday slapped with a five-year prison sentence in addition to a J$1.5-million fine, which if not paid will see him spending another five years in jail.

Bajan PM a CLICO investor

(Barbados Nation) Prime Minister Freundel Stuart last night revealed he has a vested interest in CLICO not only as the head of Government but also as an investor in the collapsed company, and that his administration continued to pursue a resolution to the debacle.

No official notice of gov’t review

China Harbour Engineering Company (CHEC), the contractor for expansion of the Cheddi Jagan International Airport, Timehri has received no word from the government about the review of the World Bank’s debarring of its parent company China Communications and Construction Company (CCCC), company officials said yesterday.

Shamar Success

Drowned boy would have attended Bishops

The father of Shamar Success, the 11-year-old child who drowned after a swim in the Atlantic Ocean, was yesterday moved to tears when he collected his son’s results for the National Grade Six Assessment (NSGA) and saw that he had secured a place amongst the country’s top performers.

Trevor Williams

Absence from PAC meeting not deliberate

AFC MP Trevor Williams has rejected suggestions that he deliberately absented himself during Monday’s crucial vote by the Public Accounts Committee (PAC) on appointments in the Auditor General’s Office, in order to allow government members to get their way.

Czech Lukas Rosol

Nadal stunned by unknown Czech Rosol

LONDON, (Reuters) – Rafa Nadal suffered a stunning loss at Wimbledon yesterday, stopped in his tracks by unknown Czech Lukas Rosol who played the match of his life to cause one of the biggest upsets in grand slam tennis.

Caribbean Airlines provides local exporters with a limited cargo service to Canada

Air freighting, certification headaches hurting exports to Canada – Duncan

Efforts by Guyanese exporters to secure structured and reliable markets for locally produced goods in Canada will continue to be challenged by inadequate and unreliable air transport services and the need for local exporters to meet certification standards for food imports, according to Chairman of the Trade and Investment Committee of the  Guyana Manufacturing and Services Association (GMSA) Clem Duncan.

Disqualified

Sincerity Recent news reports indicated that the Public Accounts Committee (PAC) on Monday ended up approving staffing appointments and promotions of persons working in the office of the Auditor-General (AG). 

The Accra Beach Resort in Barbados is one of several notable complexes in the Caribbean to benefit from EDL Technology

T&T energy firm eyeing Guyana market

Local public and private sector entities seeking cost-saving energy solutions are expected to be among the invitees to a breakfast seminar being hosted by the Trinidad and Tobago-based firm Energy Dynamics Ltd on Wednesday July 4 at the Pegasus Hotel.

Correction

In the June 21 issue of the Stabroek Business we published an article (Women In Business) on The Gift Centre proprietrix Doris Lewis in which we gave her husband’s first name as John.

Amcar CEO Jean-Francois Gerin and managing Director Christophe Surean

Amcar mulls $145M heart of palm investment here, CEO says

The French-owned company Amazon Caribbean Guyana Ltd (Amcar Guyana Ltd) is mulling an investment in the cultivation of around 3,000 acres of heart of palm to consolidate raw material supplies in order to satisfy the demands of what the company’s owner and Chief Executive Officer says is a growing demand in France.

What exactly has replaced bauxite as an economic source in Linden in the last 20 years?

Dear Editor, Expounding on Mr Leslie Gonsalves’ letter, ‘The people of Region 10 will stand strong to improve the conditions of life,’ (SN, June 27), I wish to say that Lindeners are mostly a combination of those born in the community after Alcan (Canada) launched Demba in 1925, and those who left different parts of Guyana decades ago to seek work and take up residence in the community.

Battle over Spain, Italy rescue erupts at EU summit

BRUSSELS, (Reuters) – Italy and Spain, battling searing market pressure in the euro zone’s widening debt crisis, held up agreement on measures to promote growth at a European Union summit yesterday to demand urgent action to bring down their borrowing costs.

Stock market update

Stock market update GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 465’s trading results showed consideration of $1,869,750 from 89,470 shares traded in 5 transactions as compared to session 464 which showed consideration of $3,009,806 from 44,102 shares traded in 12 transactions. 

State, private sector foot-dragging on US Food Safety Modernization Act

On May 11 this newspaper published an editorial on the new Food Safety Modernization Act, signed into law by US President Barack Obama in the hope that both the Government of Guyana and the private sector would be reminded of the need to take action to address what is in fact the most sweeping reform of US food safety laws in more than half a century and, more importantly from our vantage point, probably the most formidable threat ever to access to the US market for local exporters.

U.S. House finds Attorney General Holder in contempt

WASHINGTON,  (Reuters) – U.S. Attorney General Eric Holder was found in contempt of Congress yesterday as the Republican-controlled House of Representatives sanctioned the nation’s top law enforcement official for withholding some documents related to a failed gun-running probe.

Ansa McAl retrenches 106 in T&T

(Trinidad Express) Transport and Industrial Workers Union (TIWU) president Roland Sutherland yesterday criticised conglomerate Ansa McAl for violating the Industrial Relations Act which left over 100 workers on the bread line.