Daily Archive: Friday, August 6, 2010

Articles published on Friday, August 6, 2010

Berbice to get $124M streetlights

…as Parliament approves $2.4B in supplementary spending $2.4B in supplementary funds for various projects this year, including a provision of $124M for street lighting in Berbice was passed by the National Assembly yesterday.

Ministry launches home improvement fund

The Ministry of Housing and Water is providing home improvement subsidies to underprivileged persons who plan to renovate their homes and is inviting interested persons to submit applications to the Central Housing and Planning Authority (CH&PA).

Krystal Sukra polishing off her training session yesterday at the tennis courts of the National Park.

Top junior tennis trio set for Barbados tourney

By Tamika Garnett Three of Guyana’s top junior lawn tennis players, Krystal Sukra, Aruna Ramrattan and Benedict Sukra, will today depart for the Coca Cola International Tennis Federation (ITF) Junior Tournament to be held in Barbados from August 9-14.

The new Xfinity promotion

Starr to roll out $40,000 computer before end of 2011

Gov’t subsidy could further reduce retail price – Company President One of the country’s leading equipment and service providers in the information technology sector has told Stabroek Business that it aims to assemble and market a computer at a price “below $40,000” before the end of 2011.

Raan Motilall (left) and opponent Anthony Drayton intently studying the board during their “Game of the Round” yesterday. (Photo by Tamica Garnett)

Two knights defence steers Raan Motilaal to game of the round win

By Tamica Garnett The two knights defence once again led to the most intriguing game to win the “Game of the Round” when it guided Raan Motilall in his victory against Anthony Drayton yesterday in the second round of the “Challenges of Youth Empowerment” chess tournament being played at the American University of Peace Studies.

A section of the Torginol automatic filling line at Ruimveldt.  Inset is Continental Group of Companies Chairman Rakesh Puri.

Continental Group celebrates 50-year partnership with Torginol

Paints enjoy 75 per cent of local market share The Continental Group of Companies is currently celebrating the fiftieth year of its association with Torginol Paints, a commemorative event that affords the business enterprise the opportunity to reflect on its rise from humble beginnings to becoming one of the country’s leading commercial houses.

HIV/AIDS and the business sector

One can perhaps be forgiven for thinking that busy business executives are usually preoccupied with ensuring that their outfits are efficiently managed, that employees continually deliver what is expected of them and that, at the end of the day, the outcome is an organization that yields a profit. 

The GBCHA’s new Board of Directors. At centre is Board Chairperson Tracy Lewis.

January-June rice production up 8.4%

Sales to Europe up 32.8%: Venezuela bought 15,836 metric tons of paddy in first quarter Guyana’s rice exports for the first half of 2010 recorded a 26.5 per cent rise over the corresponding period last year due mainly to a significant boost in sales to European Union (EU) countries, according to the June 2010 commodity markets update issued by the Ministry of Agriculture.

No return in sight for injured Powell

STOCKHOLM, (Reuters) – Former 100 metres world record  holder Asafa Powell has no idea when he will be fit to race  again after pulling out of today’s 100 metres at the Diamond  League meeting in Stockholm with a back injury Jamaican Powell had been due to face world record holder  Usain Bolt and American Tyson Gay in first showdown this year  between the three fastest 100 metres sprinters of all-time.

Business coalition garners US$24,000 for HIV/AIDS effort

Republic, Scotia Bank, NAMILCO, Beharry Group lauded for workplace campaign The 44-member Guyana Business Coalition on HIV/AIDS (GBCHA) continues to make a noteworthy private sector contribution to the national effort to combat the scourge of HIV/AIDS, garnering a total of US$24,000 in cash and other contributions since October 2009, according to information released recently by its Orange Walk, Bourda Secretariat.

Republic’s profits rise

Republic Bank (Guyana) recorded profits before taxes of $2.3 billion at the end of the third quarter on June 30, 2010, positioning itself to exceed the 2009 annual earnings by the time it gets to the end of the current financial year on September 30.

The PSC placed the cart before the horse

Dear Editor, In reference to your news item, ‘Private Sector supports Marriott set up, urges more government disclosure,’ (August 5), the mere fact that Chairman of the PSC, Mr Ramesh Dookhoo, can say in one breath that the PSC supports the setting up the Marriott hotel in Guyana, but quickly urged the Jagdeo regime to be more forthcoming with information, reflects a PSC that is suffering from an acute case of bipolar disorder – swinging from expressing euphoric support for a project to almost immediately depressingly decrying the lack of disclosure on the same project.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 367’s trading results showed consideration of $2,639,535 from 140,890 shares traded in 13 transactions as compared to session 366 which showed consideration of $5,009,328 from 58,805 shares traded in 7 transactions.