The forgotten sector

By Rawle Lucas On In Business |
LUCAS STOCK INDEX The LSI regained the value that it lost last week to reach 143.18. Trading activity this week involved the stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL) and Demerara Bank Limited (DBL). The first two remained unchanged while the stocks of DBL increased by 3.90 percent to help push the index up. Notwithstanding the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remain below 20 percentage points.
LUCAS STOCK INDEX The LSI regained the value that it lost last week to reach 143.18. Trading activity this week involved the stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL) and Demerara Bank Limited (DBL). The first two remained unchanged while the stocks of DBL increased by 3.90 percent to help push the index up. Notwithstanding the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remain below 20 percentage points.

Unique

The United Nations (UN) will launch the International Year of Cooperatives (IYC) on October 31, 2011 and there is no publicly available evidence that Guyana is ready to join that effort with its own initiative.  Many causes are given recognition by the UN annually but with a significant portion of the global economy currently in crisis, none would be more important than the upcoming year in which the cooperative movement is to be celebrated.  The cooperative is a unique form of private investment.  To be considered a cooperative, an entity must satisfy several principles but three of them are essential to the classification.  One, the users must be the owners.  Two, the users must be in control and three,