Business

(Trinidad Express) – Shareholders of cash-poor CL Financial on Wednesday voted overwhelmingly in favour of the newest plan to rescue the conglomerate and save tens of thousands of insurance policy-holders and depositors.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 312’s trading results showed consideration of $143,448 from 14,914 shares traded in 5 transactions as compared to session 311 which showed consideration of $29,037,474 from 270,615 shares traded in 15 transactions. 

-Vice-Chancellor Carrington The benefits of the country’s low carbon initiative will only be fully realised if it is led by new knowledge that research at the University of Guyana can provide and recently installed Vice-Chancellor Lawrence Carrington adds that the private sector can benefit from such research by “structured investment”.

Agrees ‘ appropriate measures, incentives’ to woo private sector participation The financial and economic cost of high dependency on extra regional food imports and mounting concern over the region’s food security has  finally galvanized Caribbean Community (CARICOM)  member countries into a comprehensive reassessment  of the significance of the region’s agricultural sector.

A case would appear to have been made for  an urgent and thorough investigation into claims of likely sabotage of GT&T’s Americas 11 cable on Thursday July 2, the same day on which the 30th Caricom Heads of Government Summit was due to begin in Georgetown.

The contrast is stark.  Guyana covers a geographic space of 83,000 sq.

The July 24-27 Berbice Expo and Trade Fair organised by the Central Corentyne Chamber of Commerce is expected to attract overseas private sector participation, according to Chamber President Bhigroog Poonai.

-College of Regulators to coordinate info sharing Caribbean Community (Caricom) Heads of Government have agreed to seek financing from International Financial Institutions (IFI’s) and multilateral development banks to strengthen the capacity of regional financial institutions to perform what they say is a crucial developmental and stabilization role.

– Re-elected PSC Chairman The protracted delay in the implementation of wide-ranging tax reforms remains “a matter of acute frustration for the private sector” and the Private Sector Commission (PSC) is targeting the end of 2009 as “the outside time frame” for arriving at a common position with government on tax reform, re-elected PSC Chairman Captain Gerry Gouveia told Stabroek Business yesterday.

The July 2 disruption of the Guyana Telephone and Telegraph Company (GT&T) Americas 11 cable at Bath, West Coast Berbice was very likely the work of saboteurs, a well-placed company source told Stabroek Business earlier this week.

The Guyana Geology and Mines Commission (GGMC) recently favoured first-time miners in its award of properties at an auction and lottery at the Girl Guides Pavilion.

…at Second WTO Trade Policy Review Labour Minister Manzoor Nadir on Wednes-day underscored Guyana’s commitment to building what he called a “socially just market economy” as a player in regional and international trade while  deepening and strengthening a raft of economic reforms.

President Bharrat Jagdeo recently met with Caricom Development Fund (CDF) CEO Ambassador Lorne T McDonnough and Legal Counsel Arden Warne for a briefing on the operations of the Fund.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 311’s trading results showed consideration of $29,037,474 from 270,615 shares traded in 15 transactions as compared to session 310 which showed consideration of $600,980 from 47,140 shares traded in 5 transactions. 

Neal & Massy to partner with other business houses A business plan for the creation of a major multi-stakeholder private sector investment in the country’s agricultural sector could be completed within a few days and critical decisions with regard to moving ahead with the investment are likely to be made over the next month, Chairman of the Agriculture sub-committee of the Private Sector Commis-sion (PSC) Beni Sankar told Stabroek Business earlier this week.

Guyana’s talented community of art and craft producers appear, finally, to be seeking in earnest to lift themselves out of the condition of  underachievement that has characterized what is widely believed to be a potentially lucrative industry.

Some of our local artists and craftspeople still feel strongly about what they continue to believe was a missed opportunity to effectively market the local art and craft industry on the global stage provided by the 2007 Cricket World Cup in the Caribbean.

This year’s edition of Global Development Finance, the report by the World Bank on the state of the international economy focuses in its entirity on the global finanxcial and economic crisis, its current and projected impact on both developed and developing countries and the prognosis for recovery.