Business Review - Page 11 of 26

There are no free lunches

Submersible The change of government and the aggression shown by Venezuela towards Guyana have brought the PetroCaribe energy agreement into sharp focus.

LUCAS STOCK INDEX
The Lucas Stock Index (LSI) declined 0.15 per cent in trading during the first period of July 2015. The stocks of five companies were traded with 267,605 shares changing hands. There were no Climbers but there were two Tumblers. The stocks of Banks DIH (DIH) declined 0.5 per cent on the sale of 134,657 shares while that of Demerara Tobacco Company (DTC) fell 0.49 per cent on the sale of 2,775 shares. In the meanwhile, the stocks of Demerara Distillers Limited (DDL), Guyana Bank for Trade and Industry (BTI) and Republic Bank Limited (RBL) remained unchanged on the sale of 46,668; 544 and 82,961 shares respectively. — LUCAS STOCK INDEX The Lucas Stock Index (LSI) declined 0.15 per cent in trading during the first period of July 2015. The stocks of five companies were traded with 267,605 shares changing hands. There were no Climbers but there were two Tumblers. The stocks of Banks DIH (DIH) declined 0.5 per cent on the sale of 134,657 shares while that of Demerara Tobacco Company (DTC) fell 0.49 per cent on the sale of 2,775 shares. In the meanwhile, the stocks of Demerara Distillers Limited (DDL), Guyana Bank for Trade and Industry (BTI) and Republic Bank Limited (RBL) remained unchanged on the sale of 46,668; 544 and 82,961 shares respectively.

Guyanese taxpayers must be central to the decision on the fate of GuySuCo’s future

Historic institution GuySuCo is now the subject of inquiry, which inquiry, among other things, aims to determine if the company could be saved.

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) declined 0.38 per cent in trading during the fifth period of June 2015. The stocks of four companies were traded with 320,198 shares changing hands. There were no Climbers but there was one Tumbler. The stocks of Republic Bank Limited (RBL) fell 1.64 per cent on the sale of 1,000 shares. In the meanwhile, the stocks of Banks DIH (DIH), Demerara Bank Limited (DBL) and Demerara Tobacco Company (DTC) remained unchanged on the sale of 80,877; 238,246 and 75 shares respectively.

The changed relationship between the IMF and developing countries

(Conclusion) Less tension Member countries of the International Monetary Fund (IMF) are required to avoid the use of restrictive practices that interfere with or undermine international trade.

The changed relationship between the IMF and developing countries

Most feared Every time one reads about the economic crisis in Greece, one cannot help thinking of how the world has changed.

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) remained unchanged in trading during the third period of June 2015. The stocks of three companies were traded with 22,732 shares changing hands. There were no Climbers and no Tumblers. In the meanwhile, the shares of Demerara Distillers Limited (DDL), Demerara Tobacco Company (DTC), and Guyana Bank for Trade and Industry (BTI) remained unchanged on the sale of 22,562; 120 and 50 shares respectively.

Let the courts decide

The word forensic Over the past month or so, Guyanese have heard the words forensic auditing come into frequent use in relation to the activities of the past government.

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) remained unchanged in trading during the second period of June 2015. The stocks of six companies were traded with 138,479 shares changing hands. There were no Climbers and no Tumblers. In the meanwhile, the shares of Banks DIH (DIH), Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL), Demerara Tobacco Company (DTC), Guyana Bank for Trade and Industry (BTI) and Republic Bank Limited (RBL) remained unchanged on the sale of 5,625; 33,800; 75,467; 12,500; 50 and 11,037 shares respectively.

GuySuCo needs an IMF-style structural adjustment programme to survive

No-nonsense programme When a country runs into financial trouble, it turns to the IMF for help, and depending on its level of development and financial health, the IMF gives it a structural adjustment programme to suit.

Irrational choices

Early news The early news that has emerged from the new administration about the financial condition of Guyana is not good and one fears that it is likely to worsen as the stories about the condition of different parts of the economy unfold.

Oil and Guyana (Part 2)

(Part 1) Equally worrisome The first part of this article considered what oil would mean for the production structure of Guyana.

LUCAS STOCK INDEX
The Lucas Stock Index (LSI) declined 0.24 per cent in trading during the third period of May 2015. The stocks of two companies were traded with 6,376 shares changing hands. There was on Climber and one Tumbler. The stocks of Sterling Products Limited (SPL) rose 0.66 per cent on the sale of 3,000 shares. The stocks of Demerara Distillers Limited (DDL) declined 2 percent on the sale of 3,376 shares.

Oil and Guyana (Part 1)

Official announcement The official announcement last week that Guyana had oil in significant quantities is something that Guyanese were waiting a long time to hear.

The new administration must balance its social and economic goals

Several promises By the time this article is published Guyana will have a new government.

LUCAS STOCK INDEX
The Lucas Stock Index (LSI) remained unchanged in trading during the first period of May 2015. The stocks of three companies were traded with 90,931 shares changing hands. There were no Climbers and no Tumblers. The stocks of Banks DIH (DIH), Demerara Bank Limited (DBL) and Demerara Tobacco Company (DTC) remained unchanged on the sale of 89,551, 1,247 and 133 shares respectively.

Public Procurement Commission a must at all cost

Spirit and intent of the Act The “To Do List” of the next government is a long one.

The economics of unity (conclusion)

Encouraging competition Last week’s article considered two of the three components of the economics of unity.

The economics of unity (part 2)

Change in mindset Last week’s article began a discussion on the economics of unity.

The economics of unity (Part 1)

The current struggle In 22 days, the current struggle for political leadership in Guyana will be over and the preference of Guyanese as to who must lead them would be known.

NICIL examined

Conclusion Alter the production structure Last week, this writer took a look at the financial profile of NICIL and its links to the long-term investment policies of the government.

NICIL examined

Public policy analysis The analysis of the individual performance of the commercial banks that are part of the Lucas Stock Index (LSI) will conclude when the 2014 annual report of the Guyana Bank for Trade and Industry (GBTI) becomes available.

Citizens Bank Incorporated

Attention of management As we continue the assessment of the performance of the commercial banks in Guyana, attention turns to Citizens Bank Incorporated (CBI).

A look at Demerara Bank Limited

Reputation Last week, this column took the opportunity to examine the performance of Republic Bank during 2014.

Republic Bank in 2014

Sheer size Republic Bank (Guyana) ended 2014 with net assets of $13.6 billion.

Understanding Massy

Conclusion By Rawle Lucas Insight Last week, we looked at the structure of Massy, the business activities in which it was involved and the geographic spread of its markets.