Daily Archive: Friday, February 26, 2010

Articles published on Friday, February 26, 2010

Irfaan Ali

Ramjattan apologises to Parliament

-AFC walks out after Minister Ali declines to answer question AFC Chairman Khemraj Ramjattan yesterday apologized to the National Assembly for his unsubstantiated allegation that the Parliamentary Hansard had been tampered with, but later joined his party’s MPs in walking out after Housing Minister Irfaan Ali declined to respond to questions they raised on the $4 billion expenditure at the centre of the row.

Trinis ordering up soup

German’s opens up eatery in T&T

Trinis can now have German’s. The well-known and popular local restaurant, famous for its soups, now offers a distinct type of Guyanese cuisine to Trinidad and Tobago, having opened its doors there on February 12.

Airbound delta

IDB pleased with progress made in local aviation sub-sector

– efficiency, safety and responsiveness of industry had been compromised The recently released Inter American Develop-ment Bank (IDB) Country Report on Guyana has lauded the joint effort of government and the private sector to modernize the country’s air transport system which, the report says had fallen into “a state of disrepair” over several decades.

LABA U-19 championships

– Jets and Kings in must-win match The Amelia’s Ward Jets and Kashif and Shanghai Kings will clash tonight in a game where both teams must win to advance to the semi-finals in this year’s Linden Amateur Basketball Association (LABA) under-19 tournament.

Minister Westford and corruption in the Public Service

Business Editorial Public Service Minister Jennifer Westford’s open confession during her contribution to the parliamentary debate on the 2010 budget that there is corruption in the public service was no news to Guyanese who have, for years, grown accustomed to stories of duty-free scams, fraud, shakedowns and revenue-evasion rackets involving private sector entities and the Guyana Revenue Authority, crooked cops,  under-the-counter payments for the speeding up of various state-provided services and a host of other petty and not so petty but quieter, more discreet corrupt goings-on in various public sector institutions.

Fertility Freefall

By Rawle Lucas Rawle Lucas is a Guyanese-born Certified Public Accountant and Assistant Vice-President of the Lending Services Division.

Obama, Republicans clash at health summit

WASHINGTON, (Reuters) – President Barack Obama and  Republicans clashed frequently yesterday at a summit on his  stalled healthcare overhaul, battling over the size and cost of  the proposal and moving no closer to a compromise agreement.

MFI support for small and micro business development

Jacquelyn Hamer Given the fact that both the Government of Guyana and the multilateral financing agencies appear to have a particular proclivity for alluding to the importance of the national Poverty Reduction Strategy I was more than mildly surprised over the fact that the Inter American Development Bank’s (IDB) recent Country Report on Guyana – Guyana and the IDB – Partners for Progress – made no reference whatsoever to small business and its role in the country’s development.

Banks DIH back with a bang

– wins big at Mash parade after four-year hiatus After what many felt was one of the more memorable and colourful Mashramani celebrations, Banks DIH Limited’s return to the parade saw it reigning supreme and Vanilla held on to her Road March crown.

Caribbean musicians, artists hit by steep plunge in royalties

-world body With Caribbean governments unable to stem the tide of copyright transgressions, royalties accruing to Caribbean music and art dipped a whopping 27 per cent to euros $3.3 million in 2009 according to data released in January in a report published by the International Confederation of Societies of Authors and Composers (CISAC).

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 344’s trading results showed consideration of $318,396 from 28,564 shares traded in 11 transactions as compared to session 343 which showed consideration of $2,207,685 from 103,059 shares traded in 13 transactions. 

Young Windies standouts hope to shine against Zimbabwe

PORT OF SPAIN, Trinidad,  CMC – Four standout West Indies Under-19 players who recently contested the Youth World Cup in New Zealand, will be on show Friday when they line up for the University of the West Indies Vice Chancellors’ XI against Zimbabwe in a 50-overs match.

WICB absolves itself from accommodation fiasco

CASTRIES, St Lucia, CMC – The West Indies Cricket Board has refuted claims it was responsible for skewed accommodation arrangements for three regional teams in Trinidad and Tobago last week, when they arrived for the sixth round of the WICB first class championship.

Cuban tourism season off to rough start

By Marc Frank HAVANA, Cuba (Reuters) — The Cuban tourism season got off to a rough start in 2010, with arrivals down 4.9 percent in January from the same month of last year, according to a government report seen by Reuters on Wednesday.

Prices at market

(Prepared by the Guyana marketing Corporation and published by Stabroek News Business as a public service) The New Guyana marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Reuters World News Highlights

WASHINGTON – U.S. regulators are probing how Wall Street  firms like Goldman Sachs helped debt-stricken Greece arrange  derivatives deals that critics say were used to disguise the  size of its budget deficits.

Little addition to Suriname story

Dear Editor, With reference to your editorial of Sunday, February 21, here is a little something that I do not believe reached the press, at the time when the Surinamese President had the nerve to send his gunboats to force out the CGX oil rig from Guyana’s waters.

BBC Caribbean News in Brief

Haiti quake response ‘most challenging’ A top UN official in Haiti says the disaster response to last month’s earthquake has been the most challenging the organisation has faced in its history.

India rest Tendulkar and Sehwag for final one-dayer

CHENNAI, India,  (Reuters) – Record-scoring opener  Sachin Tendulkar and fellow batsman Virender Sehwag will be  rested for India’s third and final one-day international against  South Africa in Ahmedabad tomorrow, the Indian cricket board  said in a statement.