Daily Archive: Friday, March 29, 2013

Articles published on Friday, March 29, 2013

Cause of nationwide T&T blackout identified

(Trinidad Express) The Ministry of Energy has said in a media release that the nation-wide power outage was as a result of a malfunction of the emergency shutdown system at the Phoenix Park Gas Processors Limited plant at the Point Lisas Industrial Estate.

Guard robbed of gun at Kara Kara

At about 0450h today, police say that, a female security guard attached to a Private Security Service was on duty at the Guyana Forestry Commission Building at Kara Kara, Linden, when she was attacked by two men, one of whom was armed with a firearm.

Nation-wide blackout hits T&T

(Trinidad Express) In response to the nation-wide power outage, the Honourable Kamla Persad-Bissessar, SC, Prime Minister of the Republic of Trinidad and Tobago in her capacity as Chair of the National Security Council ordered an increase in the national security alert.

IPI condemns T&T PM’s ‘rogues’ in media

(Trinidad Express) Executive Director of the International Press Institute (IPI), Alison Bethel McKenzie, yesterday expressed “grave disappointment” over Prime Minister Kamla Persad-Bissessar’s statement that “rogue elements” in the media were “either wilfully or unwittingly misinforming the society”.

Car stolen in $5.2M heist

A father of two was granted bail in the sum of $50,000 after he was charged with committing an armed robbery, when he appeared at the Georgetown Magistrates’ Court on Thursday.

PSC backs proposed security budget

The Private Sector Commission (PSC) has endorsed the proposed $17.5 billion allocation and legislative plans for the security sector in the government’s budget blueprint and it says it is looking forward to a constructive parliamentary consideration that would yield consensus.

Legislation must help exporters meet international food safety requirements

Having said little in the previous months about the continual unfolding of restrictive regulations in the United States arising out of that country’s enactment of its new food safety legislation and the implications for food exports to the United States, the Government of Guyana has used its 2013 budget presentation to the National Assembly to provide the first significant indication that it is aware of the legislation and its implications.

Christopher Barnwell

Barnwell primed for IPL debut

By Clifton Ross As the Guyana National Cricket team undergoes final preparations for this weekend’s match against Combined Campuses and Colleges (CCC) they will be without Christopher Barnwell who will be heading to India for his debut stint in the Indian Premier League (IPL) which kicks off on April 3rd.

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) declined by 1.37 per cent in the fourth week of trading in March 2013.  The stocks of five companies traded with varying results.  Citizens Bank (CBI) came alive with a 325 increase in value.  Demerara Bank Limited (DBL) rose slightly by 0.35 per cent.  Like the previous week, the stock of Republic Bank Limited (RBL) recorded a loss, declining 34 per cent in value.  Banks DIH (DIH) and Demerara Tobacco Company (DTC), which also traded, recorded no change.

The 2013 tax concessions

Sudden willingness Without getting into the merits or demerits of the case, it is reasonable to say that the 2013 Budget has an unusual orientation towards the individual taxpayer.

Crime and business in Guyana

The following is a minimally edited address to the 2The surge in crime in Guyana started at the dawn of the new millennium– coinciding with the implantation of the transnational trade in illicit narcotics.

Red Thread laid bare these obscene awards

Dear Editor, Those women from the Red Thread organisation have done a very, very good thing: stripping the obscene awards (which were referred to as a favour) given out as compensation by the Linden Commission of Inquiry bare, “so that the travesty of justice becomes clear…” They were smack on target in thinking that the zeroes in the number “million” are hiding the reality.

Ajmal may need surgery for suspected hernia

LAHORE, (Reuters) – Off-spinner Saeed Ajmal, Pakistan’s leading wicket-taker in all three forms of the game for the past two years, could require surgery for a suspected hernia after suffering stomach pains for the past two months.

Reuters World News Highlights

NICOSIA – Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island’s banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.

Madame Deputy Mayo

Madame Deputy Mayor: President Donald Ramotar (right), Minister in the Ministry of Local Government Norman Whittaker (second from left) , and Mayor Hamilton Green (left) with newly sworn-in Deputy Mayor of Georgetown, Patricia Chase-Green.

New Brazilian military attaché

New Brazilian military attaché: President Donald Ramotar (second from left) with new attaché for Defence, Naval and Army in the Brazilian Embassy, Colonel Ronaldo Pacheco, (right) outgoing attaché Colonel Wilson Mandes Lauria (second from left) and Brazilian Ambassador to Guyana Luiz Seixas De Andrade.

Retired staff as a reserve corps

Dear Editor, The recent excellent letter by Major General (ret’d) Joe Singh on the impressive work done and still being done by the ‘navigation pioneers’ in Guyana spurred this question in my mind: “Is there a case for Industry, Government, NGO’s et al to consider their ‘retired staff’ as a ‘Reserve Corps’ who can be deployed/redeployed for service as the needs for their proven competencies arise after they have exited formal/full-time employment?”

Tree planting

Tutorial High School students plant an almond tree in the Botanical Gardens as part of a tree planting exercise held last Friday to mark World Day of Forests (Government Information Agency photo)

Cheltenham plans $68 million upgrade

LONDON,  (Reuters) – Cheltenham racecourse plans to build a new grandstand complete with an upgraded royal box in a 45 million pound ($68 million) makeover of the venue, home to one of the most prestigious festivals in jump racing, its owners said yesterday.

GPOC donation

GPOC donation: Staff members of the Guyana Post Office Corporation yesterday donated children’s books to the Leo Club of East Demerara for its children’s book drive.

Simmons backing T&T to beat Champions Jamaica

KINGSTON, Jamaica, CMC-Aggressive opener Lendl Simmons says despite the loss of a number of leading frontline players Trinidad and Tobago are capable of victory over defending champions Jamaica when the two teams meet in the regional four-day championships this weekend.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 504’s trading results showed consideration of $4,074,966 from 80,355 shares traded in 12 transactions as compared to session 503 which showed consideration of $5,233,110 from 172,245 shares traded in 6 transactions. 

T&T PM skips Cabinet meeting

(Trinidad Express) Prime Minister Kamla Persad-Bissessar did not show up at yesterday’s Cabinet meeting which was attended by all other Cabinet members, including National Security Minister Jack Warner.

Highlights

Budget 2012 Facts and 2013 Targets. 2012 Facts Growth in real GDP of 4.8% compared to a target of 4.1% and actual rate of 5.4% in 2011.

Review 2012

Sectoral Performance Source: Annual budget speeches and Half Year reports. The Table shows the sectors in which the economy is divided; by what percentage they are expected to grow in 2013; how the Sectors performed in 2012 compared with how they were expected to perform in 2012, their first half year in 2012 and their actual performance in 2011.

Budget 2013 Measures

1.  Support to the Sugar Industry $1 billion to support the company’s transformation plans on top of $39.5 billion which the Minister notes was injected to recapitalise the industry and to support its operations over the years.

The Budget Cuts and Confusion

For several decades, the Standing Orders of the National Assembly preserved and protected by successive Constitutions have given to the National Assembly control over spending proposed by the Minister of Finance.

Chavez

His funeral attracted an eclectic mix of international mourners: Iranian President Mahmoud Ahmadinejad, Ecuadorean President Rafael Correa, center-right presidents of Chile and Colombia, Belarussian President Alexander Lukashenko, President Donald Ramotar of Guyana, Brazil’s former leader, Luiz Inacio Lula da Silva, Oscar winner Sean Penn and U.S.

The rise of inequality

While US President Barack Obama may have intended his remarks about inequality in the USA he could have been speaking of anywhere when he said, “over the last few decades, the rungs on the ladder of opportunity have grown farther and farther apart, and the middle class has shrunk.”

The Travails of the NIS

Repetitive though it might be, we just cannot afford to ignore the state and prospects of the National Insurance Scheme as it continues some of the toughest challenges it has faced in its 44 years history.

China and Guyana

There is a certain uneasiness if not fear about the increasing prominence and self-assurance about the rapid growth of the Chinese not only in Guyana but in the rest of the Caribbean and very particularly Africa.