A review of the Low Carbon Development Strategy Part 2

Business Page   Introduction We continue today with part two of the LCDS which President Jagdeo launched on June 8 and which is out for consultation up to the end of September, the timeline driven mainly by the need that it should be ready for the Copenhagen Conference in December of this year.

Business Page

A review of the Low Carbon Development Strategy Introduction To all Guyanese, from Cabinet to Canal # 1, the announcement that the people of Guyana are willing to act in placing our rainforests under “globally-verified forest and other land use governance standards and transparent, accountable deployment of forest payments” must have come as a great surprise, if not a shock.

Business Page

Report of the Auditor General 2007: Different year, same mess No change The report of the Auditor General on the Public Accounts of the country for 2007 has been tabled in the National Assembly and is now officially available to the taxpaying public and commendably on the Audit Office’s website.

Business Page

On the line: Demerara Tobacco Company Limited Annual Report 2008 Introduction The Annual General Meeting of the Demerara Tobacco Company Limited, the tobacco trading company was held on March 31, 2009 making it the first company with a calendar yearend to have presented its 2008 annual report to its shareholders.

Business Page

The IMF Consultation on the Guyana economy in 2008 Introduction Using its stock-in-trade jargon the Executive Board of the International Monetary Fund in a Public Information Notice issued on May 19, 2009 gave a very favourable report on the performance of the Guyana economy for 2008.

Business Page

On the Line:National Insurance Scheme Annual Report 2007 Introduction The column on March 29, 2009 featured the National Insurance Scheme (NIS) along with the New Building Society in a supporting role to Clico Guyana in which the NIS stands to lose several billions of dollars worth of investments.

Business Page

On the Line: New Building Society Limited Annual Report 2008 $200M exchange lossNotice to Readers Two weeks ago I wrote that I was taking two months off, and Business Page would not be appearing during that period.

Business Page

Stimulus package – to do or not to do? I had promised to write this week about the role in and implications of the Clico fiasco on the NBS and the NIS. 

The Business Page

Clico and the related crisis: Confusion continues Introduction It has been an incredibly hot week in Guyana.

Business Page – Clico, contagion, containment and concealment

If a loss of public moneys should occur and, at the time of that loss, a Minister or official has caused or contributed to that loss through misconduct or through deliberate or serious disregard of reasonable standards of care, that Minister or official shall be personally liable to the Government for the amount of the loss.

Business Page

Putting some sense in the 2009 Budget Introduction The National Assembly has the most unenviable task of making sense of the 2009 Budget presented last Monday in the National Assembly.

Business Page

Addressing the Clico issue Introduction Rumours that the region’s largest conglomerate CL Financial Limited (CL) was experiencing difficulties were confirmed at a dramatic press conference in Trinidad two Fridays ago, hosted by the Governor of the Central Bank and including CL’s chairman Lawrence Duprey and Finance Minister Karen Nunez-Tesheira.

Business Page

Integrity Commission on shaky ground Conclusion Re-cap Last week we ended the column with the offices listed in Schedule I to the act, the holders of which must automatically file with the Integrity Commission, declarations of their income, assets and liabilities of themselves, their spouses and minor unmarried children by June 30 of the following year.

Business Page

Staggering increase in external debt Bad news The country’s stock of external public and publicly guaranteed debt rose by 20.3 per cent to US$804 million from the end of September 2007 to the end of September 2008.

Business Page

On the line: Banks DIH Annual Report Banks DIH, the giant food and beverage company will be holding its 53rd annual general meeting on Saturday, January 17, 2009, close to four months following the end of its financial year of September 30, 2008.

Business Page

Our world in 2009 Introduction Certainly the most authoritative publication which predicts the grand occasions and developments of the following year is the widely circulated Economist, published in the UK.

Business Page

Introduction Today’s Business Page looks back not over the past year but to some fifteen years ago when on January 8, 1994, Ram & McRae (then Christopher L.

Business Page

Who’s left now? Conclusion The death of socialism Business Page last week suggested that amidst the cataclysmic dislocation to have rocked the capitalist world first manifested in the housing market in the United States, the response of the governments in the developed market economies is leading to a fundamental rethink of the role of ideology, and in the context of Guyana, raised the question playing on the word ‘left.’ Spreading like wildfire across industries and continents, the dislocation has made it obvious that the crisis goes far beyond the US or its housing market.

Business Page

Who’s left now? The crisis facing the world economy is leading to a fundamental rethink of the role of ideology and the place of the ‘market’ in economic development.

Business Page

Response to a crisis Introduction Today’s column looks at some of the ironies and contradictions in the response to what started as a domestic crisis in the mortgage sector in the US and the prospects for the developing countries arising out of the Obama victory.

Business Page

Adjustment time in Trinidad and Tobago Introduction It has been a challenging week for Trinidad and Tobago where crime seems to dominate the headlines in the dailies.

Business Page

David – a Goliath of a man David de Caires was very clear on what Business Page was about – the dissemination of financial and economic information and discussion of ideas and issues aimed at enhancing the business culture and environment.

Business Page

Curbing corruption: The Corruption Perception Index Conclusion Introduction Today we conclude this three-part article arising out of the publication of the 2008 Corruption Perception Index of Transparency International which ranked Guyana at a lowly 126 out of a total of 180 countries surveyed, with a score of 2.6 out of 10.