Daily Archive: Friday, December 31, 2010

ALEXANDRIA, Egypt, (Reuters) – A bomb killed 21 people  outside a church in the Egyptian city of Alexandria early today, and the interior ministry said a foreign-backed  suicide bomber may have been responsible.

Police this afternoon made an “unqualified” apology to actor Lyndon `Jumbie’ Jones for detaining him over the Christmas holidays and they admitted that they had held the wrong `Jumbie’ Jones had complained to the media that police invited him down to the police station on Christmas Eve and held him over the Xmas holidays as an alleged suspect in an armed robbery.

A police officer accused of bribery was today admitted to bail in the sum of $50,000 when he appeared before Acting Chief Magistrate Priya Sewnarine-Beharry at the Georgetown Magistrate’s Court.

(Trinidad Express) In an effort to boost tourism and investment in this country, Indian and Russian nationals now have free entry into this country and will no longer require a visa, Foreign Affairs Minister Dr Suruj Rambachan said yesterday.

(Trinidad Express) Prime Minister Kamla Persad-Bissessar yesterday said the media play a very important function in keeping the government in check.

(Trinidad Express) Trinidad and Tobago’s first President, Sir Ellis Clarke, died last night, two days after his 93rd birthday.

A Lethem businessman is constructing a luxury ‘green’ 60-room hotel in the area at an initial cost of $200M.

A former UK diplomat who served in Guyana for two and a half years is among those honoured by Britain’s Queen Elizabeth in this year’s list.

Businessman Gerhard Ramsaroop this morning described a report in today’s Guyana Chronicle that he had left the Alliance For Change (AFC) as “rubbish.”

LONDON, (Reuters) – Actor David Suchet, famous for  his television role as detective Hercule Poirot, singer Annie  Lennox and U.S.

(De Ware Tijd)  — In February, Lieutenant-Colonel Hedwig Gillard (53) will take over from Colonel Ernst Mercuur (55) as army commander.

SYDNEY, (Reuters) – England’s Kevin Pietersen   believes the rebellion that led to him losing the captaincy   two years ago had been vindicated by the Ashes triumph in   Australia.

Chancellor (ag) Carl Singh has said that at least one leg of the IDB-funded justice sector reform programme project made significant strides in achieving the targets set though questions remain over the pace of the reform.

On Wednesday night, three armed men forced their way into the home of a city businessman, located near the Alberttown Police Station, terrorized his four children and escaped with approximately $5 million in cash.

The mangrove restoration project is set to expand in 2011 following government’s receipt of the first tranche of European Union (EU) funding.

This year was the “worst” for industrial deaths with over 24 deaths recorded and over half of these occurring in the mining sector, according to the end of year report from the Labour Ministry.

The main sugar workers union said the recently publicized plans for a new industry where operations are mechanized would not work without sugar workers, and is calling for full consultations before anything is finalized.

The Guyana Bank for Trade and Industry (GBTI) will soon unveil a US$5 million credit facility that will allow local businesses to import commodities from almost anywhere in the world with backing from the World Bank’s private sector arm, the International Finance Corporation (IFC).

PNCR presidential hopeful Dr Faith Harding will not be singing “Auld Lang Syne” with the army’s top brass at the stroke of midnight as she usually does now that she is aspiring to political office.

Since his last album R&B star Mario has been in the studio working and waiting to drop “a hot new album”, but he is on a break and has decided to ring in the New Year in Guyana.

A bandit is currently under police guard at the Georgetown Public Hospital (GPH) after he attempted to rob a businessman of a laptop and $1 million.

Deon Braithwaite, who is accused of attacking a tenant with knives on Christmas Day, was on Tuesday placed on bail in the sum of $25,000 after being charged with unlawful and malicious wounding.

Essequibo fisherman Trevor John was on Tuesday admitted to bail in the sum of $50,000, after being charged with having a quantity of cannabis in his possession.

A man accused of breaking into the storage bonds of another was on Wednesday remanded to prison.

The first harvest of pineapples in the hinterland is expected in September with some 76,300 pineapples planted on 21.8 acres of land by 38 farmers, Minister of Amerindian Affairs Pauline Sukhai said yesterday.

The importer of a quantity of undeclared alcoholic beverages seized by the Guyana Revenue Authority (GRA) on Christmas Eve was fined for importing the items illegally.

The Housing and Water Ministry will benefit from a further $3 billion in supplementary provisions, after the National Assembly yesterday passed the Supplementary Appropriation Bill (No.

When the hazardous state of Le Repentir landfill was raised yesterday in the National Assembly, Local Government Minister Kellawan Lall absolved the government of any blame, saying that it was the Mayor and City Council (M&CC) which had mismanaged the facility.

The T&T ‘A’ team walked away with the T&T Cricket Board (TTCB) T20 Festival crown and $20,000, when rain washed out their game against the Academy XI at Guaracara Park in Pointe-a-Pierre Thursday evening.

Pele trounced Sunburst Camptown in the second semifinal of the 21st Kashif and Shanghai football tournament Wednesday night to reach the final and battle Alpha United for the top prize.

President of the Athletics Association of Guyana, Colin Boyce, yesterday confirmed that Singapore Youth Olympic Games Scholarship (SYOS) awardee Jevina Sampson will not be accepting the scholarship.

The Rusal Bauxite Mining Company came onboard for the fifth consecutive year in support of the Kashif and Shanghai Football tournament when they handed over an undisclosed sum of money to the organisation yesterday.

The long-awaited National Sports Policy is finally completed and is now being documented, Director of Sport, Neil Kumar said yesterday.

A man who told the court that he uses cannabis to treat tuberculosis and other ailments was yesterday fined $3,000 and ordered to serve six months community service for having the illegal substance in his possession.

A Bartica man already on bail for a number of break-ins was remanded to prison on Tuesday, after he was charged with breaking into a businessman’s property and stealing a quantity of cash and items.

The cricket teams of the Rose Hall Town Youth & Sports Club (RHTY&SC) recently held their annual Christmas Charity programme at the Area “H” ground, Rose Hall, Corentyne.

A man who broke into another’s house and stole a vacuum cleaner was yesterday remanded to prison.

Mahendra Persaud took home the lion’s share of prizes when the Guyana National Rifle Association (GNRA) held its Annual Presentation Ceremony Wednesday evening at Georgetown Club.

PERTH, Australia, CMC – Highly prized West Indies opener Chris Gayle sparked only briefly as his Western Australia crashed to a 63-run loss to Tasmania in the opening game of the Twenty20 Big Bash yesterday.

WELLINGTON, (Reuters) – Abdul Razzaq produced a  man-of-the-match performance with bat and ball to ensure   Pakistan salvaged some credibility and embarrassed New Zealand   by 103 runs in their third and final Twenty20 international in   Christchurch yesterday.

Dear Editor,The Stabroek News edition of December 25, 2010 reported that Labour Minister Manzoor Nadir had informed the National Assembly that the Labour Ministry had remained engaged with the workers who were dismissed by RUSAL (Bauxite Company of Guyana Inc) and to date only four had visited the ministry.

NEW ORLEANS, (Reuters) – The Los Angeles Lakers put   an end to their recent struggles with a much-needed 103-88   victory over the New Orleans Hornets on Wednesday.

Dear Editor, Since the announcement by Robert Corbin that he will not be the presidential candidate and the push by the Murray camp at the last General Council for a date by which the presidential candidate of the PNCR should be identified, many have announced their intention by going to the public domain.

Dear Editor,Chimney Road which straddles Chateau Margot and joins the East Coast Highway at its northern end and the Railway Embankment Road at the southern end is becoming a very dangerous road.

BRIDGETOWN, Barbados, – Combined Campuses and Colleges hit back with a six-wicket win over Barbados in their second warm-up game of the three-match series, in preparation for next month’s Caribbean Twenty20 Championship.

WASHINGTON (Reuters) – The United States suggested yesterday that an extended prison term for Russian former tycoon Mikhail Khodorkovsky was an abuse of justice, and a senior US official said it may impede Russia’s entry to the World Trade Organization.

Dear Editor,Moses Nagamootoo is eerily similar to Ralph Ramkarran: standing silent while wrongdoings of every nature were committed by inner and outer circle PPP members in the past 18 years.

DETROIT, (Reuters) – Boston forward Kevin Garnett   injured his right leg in the Celtics’ 104-92 loss to the   Detroit Pistons on Wednesday and could miss some games.

CARACAS (Reuters) – Venezuela devalued its bolivar currency for the second time in 12 months yesterday, abolishing the lowest exchange rate to the dollar as the OPEC member battles to revive its economy.

Point proven! This bunch of ‘A’ team cricketers were fiercely determined to defeat the T&T Senior team and win the T&T Cricket Board (TTCB) T20 Festival and they went a long way to achieving the latter, by defeating the T&T Senior team by two wickets on Wednesday night at Guaracara Park in Pointe-a-Pierre.

TEL AVIV (Reuters) – Former Israeli President Moshe Katsav was found guilty of rape and other sex crimes yesterday, in what Prime Minister Benjamin Netanyahu called a sad day for the Jewish state.

By  J. Bradford DeLong BERKELEY – The central insight of macroeconomics is a fact that was known to John Stuart Mill in the first third of the nineteenth century: there can be a large gap between supply and demand for pretty much all currently produced goods and services and types of labour if there is an equally large excess demand for financial assets.

UNITED NATIONS/ABIDJAN (Reuters) – UN advisers expressed grave fears yesterday about ethnic violence in Ivory Coast after its disputed presidential election and Abidjan’s new ambassador to the United Nations warned that the West African nation was on the “brink of genocide.”

Dear Editor, I must have penned those famous opening words, ‘Dear Editor,’ thousands of times.

LONDON (Reuters) – A British ambassador to Israel warned as early as 1980 that Israel would detonate a nuclear bomb in case of a new war with the Arabs, according to previously secret state documents released yesterday.

Tonight at midnight, as we say goodbye to the Old Year and usher in 2011, the strains of ‘Auld lang syne’ will be heard at parties across the country, and many of us will sing or warble a rendition of the traditional ballad.

By Bernd Debusmann Optimism is so deeply embedded in the American national psyche that it withstood the Great Depression in the 1930s and a string of recessions since then.

Politikles

SYDNEY, (Reuters) – Usman Khawaja will have some   very big boots to fill when he makes his debut for Australia  in the fifth Ashes test next week but the 24-year-old is more   concerned about making the most of his call up to the national  side.

– our president, my prognostications I suppose this will forever be my own patriotic position: The land of my birth, where I’ve decided to live all my years (left) – Guyana – will always be a land to love – despite… Despite and notwithstanding the bungling by its political managers which threaten to reduce it (further) to a socioeconomic mess and into an untidy, health-challenged home and even though I harbor strong doubts about them … about us … from time to time, I can’t see our Guyanese people allowing any professional political pretenders

We are reprinting the letter below even although it appeared in our edition yesterday because the end portion of it was inadvertently omitted.

Executive Director of the Guyana Gold and Diamond Miners Association (GGDMA) Edward Shields has told Stabroek Business that the gold mining sector is very likely to better last year’s yield of 301,000 ounces though the industry was likely to end 2010 in a condition of concern and uncertainty.

Five months after Chairman Robin Stoby declared GBTI’s intention to assume the number one position in the country’s banking sector, the bank’s new $700 million branch at Diamond on the East Bank, Demerara provides a clear indication of the earnestness of its ambition.

The smuggling of cigarettes from Suriname into Guyana could be costing the public treasury as much as $1 billion in lost revenue according to Chief Executive of the Demerara Tobacco Company (DEMTOCO) Chandradat Chintamani.

The Upper Corentyne Chamber of Commerce and Industry (UCCI) is willing, in principle, to support the Guyana Revenue Authority (GRA) in its efforts to curb trans-border smuggling between neighbouring Suriname and Guyana, but needs to depend on its members to provide verifiable information for submission to the revenue authority.

Cross border smuggling is nothing new to Guyana and given our open and ill-protected entry points, restricting the practice requires a level of resources which the Government of Guyana has never quite been able to afford and will probably not be able to afford for a long time.

The Business Cartoon

(Part five of our series on capital markets) The Business Cycle In order to beat the market, you should be able to forecast the market correctly and properly.

Berbice boasts the fastest growing economy in Guyana with the greatest potential to provide jobs and accommodate new businesses, according to President of the Upper Corentyne Chamber of Commerce Vishnu Doerga.

MELBOURNE, (Reuters) – Ricky Ponting’s hopes of   staying on as captain to lead Australia to a pride-salvaging  victory in the fifth and final Ashes test have been dashed due   to complications with his broken finger.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 388’s trading results showed consideration of $2,156,160 from 83,247 shares traded in 6 transactions as compared to session 387 which showed consideration of $1,524,833 from 25,346 shares traded in 10 transactions.