Daily Archive: Tuesday, April 10, 2012

Articles published on Tuesday, April 10, 2012

Suriname timber company files lawsuit against stock exchange watchdogs

(de Ware Tijd) PARAMARIBO – Sino Forest, largest shareholder of Suriname’s biggest timber concessionary Greenheart Group Limited (GGL) has filed a US$ 4 billion claim with the court against independent stock exchange watchdogs including Muddy Waters and Carson Block, as it has suffered enormous losses on the Toronto Stock Exchange in recent months due to doubts about its holdings, namely in Suriname, expressed by these watchdogs, David Wu GGL’s Vice President of Corporate Development and Investment Affairs confirms to de Ware Tijd.

Higher fuel price worries Suriname

(de Ware Tijd) PARAMARIBO – This week, the price of a liter unleaded fuel at Suritex gas stations (Staatsolie’s retail branch) soars 20 cents to a record SRD 5.37, while super unleaded fuel sells at SRD 5.43 a liter.

CGX says drilling to be completed end of April

CGX Energy Inc today announced that delays due to minor mechanical issues on the Ocean Saratoga semi-submersible rig and weather conditions have pushed back the time frame for the completion of drilling of the Eagle-1 well beyond the originally planned 60 days.

Online next frontier for UWI

(Barbados Nation) As The University of the West Indies Cave Hill Campus prepares to roll out its programmes online, principal Professor Sir Hilary Beckles has described the move as “the next frontier”.

Skipper Darren Sammy watches as Darren Bravo accepts a low catch off the bat of Australian opener David Warner. (DigicelCricket.com/Brooks La Touche photo)

Clarke steadies Aussies after Sammy strike

BRIDGETOWN, Barbados,  CMC – Captain Michael Clarke stroked a half-century to stabilise Australia but West Indies bowlers made crucial strikes at key junctures, to stay in control on the third day of the opening Test at Kensington Oval here yesterday.

West Indies captain Darren Sammy exults after dismissing Australia’s David Warner. (DigicelCricket.com/Brooks La Touche photo)

Sammy clear about bowling role in side

BRIDGETOWN, Barbados,  CMC – Captain Darren Sammy said he is in no doubt about the critical role he plays in the West Indies side as the third seamer, after his outstanding morning spell pegged back Australia on the third day of the opening Test here yesterday.

Budget not pro-working class – GPSU

The Guyana Public Service Union (GPSU) says while Government made a step in the right direction by moving the tax threshold to $50,000 monthly or $600,000 a year as announced in the budget, it has failed to increase wages and lower income tax.

Justice Ian Chang

T&T SC criticises Justice Chang’s decision

Trinidad Senior Counsel Dana Seetahal says the effect of the ruling by Chief Justice Ian Chang  quashing the advice of the DPP to charge Police Commissioner Henry Greene with rape is that any accused person in Guyana can now go to court and seek a stay of a criminal charge.

A representative of the Port Mourant Turf Club presents the Laljit Trophy to Paul Delph of the Elcock stable for the victory by Celebration Time in the `G’ class event.

Awsome Warrior in awesome display

Awsome is as awesome does. On Sunday Awsome Warrior of the Jagdeo Stables, produced a stunning upset to cart off the feature race at the annual Easter Sunday horse race meet at the Port Mourant Turf Club.

U.S. President Barack Obama meets with Brazil President Dilma Rousseff in the Oval Office of the White House in Washington yesterday. REUTERS/ Kevin Lamarque

Brazil complains to Obama about monetary policy

WASHINGTON, (Reuters) – Brazilian President Dilma Rousseff complained about U.S. monetary policy and failed to make major progress on trade in a White House meeting with President Barack Obama yesterday, highlighting strains between the Western Hemisphere’s two biggest economies.

US procurement chief quits as agency accused of waste

WASHINGTON, (Reuters) – The head of the U.S. government’s federal procurement office is resigning and two senior officials have been dismissed ahead of a report criticizing the agency’s lavish spending on an “over the top” training conference, the White House said on Monday.

City Hall’s current clampdown

It comes as no surprise that there are eating houses, guest houses, barbering and hairdressing services and a host of other business ‘hustles’ in the city that are in breach of municipal public health and safety regulations.

Beijing grapples with Games legacy four years on

BEIJING,  (Reuters) – Four years after Beijing hosted a spectacular summer Olympics, China’s bustling capital sees vastly improved public transport and infrastructure, but many of the venues built for the event languish unloved, underused and draining public finances.