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Nearly 18 years after opening its doors for business,Bradley Chubb Jersey, Demerara Bank says it has broken the billion-dollar-profit mark.According to the bank’s Chairman, Dr. Yesu Persaud,Corey Brewer Jersey, the performance by the bank is a record for the industry.In published financial statements yesterday, it was disclosed that the financial institution recorded $1.043B profit after taxes for the year ended September 30,Wholesale Hockey Jerseys Online, 2012.Chairman of Demerara Bank,WBC Jerseys, Dr. Yesu Persaud“I am pleased to report that the Bank had an exceedingly good year hitting the billion dollar mark of $1.043B in less than 20 years of existence. A record for the banking industry to date,” Persaud said.The profit performance would have meant an increase of approximately 6.1 per cent over the previous year.Loans and advances have increased from $12B to $15B with the net worth of the institution rising solidly from $4.4B to $5.7B,Stitched Arizona Cardinals Jerseys, representing a 30 per cent increase over the previous financial year.“Demerara Bank being the only fully owned Guyanese Bank and the youngest Bank among all the commercial banks in Guyana,Anthony Tolliver Jersey, to reach a landmark figure of $1 Billion in profit is really an outstanding achievement for the Bank,” Persaud said yesterday.Significant improvements were reflected in deposit base of the bank which is at its highest of $35B,Cheap Soccer Gear, registering a rise of 16.7 per cent when compared to the 2011 corresponding year. Investments have also increased by 21.6 per cent to $15.2B; loans and advances grew by 25 per cent.Demerara Bank’s assets for the financial year grew to $42B compared with $36B at the end of September 2011. Interest earned on income over the past year totaled $2.4B representing interest earned on both loans and advances and investment. This compared with interest earned totaling $2.2B during the preceding year.Since opening its doors on Camp Street, the Bank now has a network of six branches and there are plans to add a brand-new head office shortly.Demerara Bank says that it had an exceedingly good 2011-2013 financial year breaking the $1B profit mark for the first time in its 18-year existence.Demerara Bank, described as Guyana’s first true indigenous Bank, opened for business on November 21, 1994.The last financial year, ending September 30, 2011, the bank amassed $984M net profit. (Leonard Gildarie)

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Each year, the buildup of traffic along the East Bank Demerara Public Road is more. Within the next five years if an alternative road, the Southern Approach, is not built,Andrus Peat Jersey, travel time along the existing roadway will drastically increase leading to massive traffic congestion, says a Transportation Consultant.Traffic congestion at Diamond Housing SchemeThe Transportation Consultant who did a recent study, said that he utilized the Diamond Housing Scheme as the starting point of his journey to Georgetown during the morning peak hour and discovered that it took him about 75 minutes to reach Kingston—a distance of less than10 miles.He encountered two traffic jams- one inside Diamond Housing Scheme and Demerara Harbour Bridge- and the gridlock stretching from the turn at Banks DIH to Ruimveldt Police Station.He stressed that given the current unbearable traffic situation and the expansion of more housing schemes along the East Bank Demerara,NBA Jerseys Store, Government should invest in the construction of the Southern Approach Road, leading from behind the Diamond Housing Scheme to Mandela Avenue.“This structure would take about US$3M per mile to construct and should have been given precedence over the construction of the Marriott-branded hotel costing US$51M that uncertainty lingers over its viability… It should have also been given precedence over the expansion of the Cheddi Jagan International Airport runway,http://www.authenticjerseysnfl.us.com/Authentic-Nike-Carolina-Panthers-Football-Jerseys/,” he said.The consultant noted that the poor transportation network of the Diamond Housing Scheme is an example of haphazard planning. He hopes that this Government should correct this flaw of former President Bharrat Jagdeo and practise proper planning that incorporates the human factor.As such, consideration should be given to the fact that housing areas are being developed at Farm, Herstelling,WBC Jerseys, Providence and Eccles and the existing transportation infrastructure cannot accommodate thousands of residents.Even with the widening of the East Bank Demerara Public Road into four-lane from Providence to Diamond the traffic congestion will not be reduced since the bottlenecks and gridlock will remain.The roadway is already burdened by increasing traffic from West Bank and West Coast Demerara. This is also expected to further increase with the opening up of more housing establishments on those areas.The consultant opined that mostly drivers of private vehicles would take advantage of this route while public transportation would continue along the existing roadway. Nonetheless,Supply Cheapest Soccer Jerseys, the goal of reducing the number of vehicles traversing the corridor would be achieved.Plans to erect the Southern Approach Road have been echoed by many Government officials but it is time concrete action is taken. The vision of constructing the new Demerara Harbour Bridge at the preferred location at Versailles, West Bank Demerara to Houston,Angel Di Maria Jersey, East Bank Demerara includes the Southern Approach Road.“If construction of this road is not put on the front burner the East Bank Demerara Public Road will be a chaotic stretch to traverse…And, the Demerara Harbour Bridge would not be a reality…But, most of these plans would remain dreams if Government does not act now in a planned manner,Babe Ruth Jersey,” the consultant said.

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dy1gyigr4rfr — Fri, 07 Dec 2018 09:16:55 +0000

Government has announced that the Cyril Potter College of Education will be expanding its quota for private school teachers to ensure quality education delivery at private schools.Minister of Education,Antoine Bethea Jersey, Shaik Baksh,Authentic Buffalo Bills Jersey, addressing a recent forum for private school teachers at the Regency Suite Hotel, also disclosed that the Continuous Professional Development programs being offered by the National Centre for Education Resource Development (NCERD) will be opened to a limited number of private school teachers.According to Baksh, the Ministry of Education is fully supportive of the development and expansion of private schools as they played a vital role in the fight to eliminate illiteracy,http://www.authenticjerseysnfl.us.com/Authentic-Nike-Buffalo-Bills-Football-Jerseys/, modernise education and strengthen tolerance.The opening up of space at the teachers’ college is imperative as it spells better learning outcomes from students at private schools which accounts for over five percent of the national student population at the pre-primary to secondary school levels. The objective of the move, he said, is to get private schools to adopt the curriculum used in the public schools.The Minister noted that in the public schools, the Grade Two and Four Assessments are being used as diagnostic tools to correct pupils’ weaknesses in literacy and numeracy and the intention is to have similar interventions at private schools.He also mentioned the introduction of the National Grade Four Certificate which will come on stream this year. That initiative aims to arrest pupils’ shortcomings in these two critical areas before they sit the National Grade Six Assessments (NGSA).A time will come when all pupils at the primary level both from the public and private schools will have to pass standard literacy and numeracy examinations in order to sit the NGSA,Akiem Hicks Jersey, Baksh warned.Regarding the secondary level, the Minister said that though there have been encouraging improvements in Mathematics over the past three years, the performance has been below the other sister CARICOM states.Science results, though satisfactory, have been fluctuating over the past three years mainly because of a shortage of teachers.There is also a shortage of teachers for Mathematics. At the secondary level, it is estimated that there are 70 university graduates in Mathematics and the Sciences, 80 from CPCE and 25 from the Caribbean Advance Proficiency Examinations (CAPE).These circumstances,2018 World Cup Russia Jerseys, Baksh explained,Wholesale Soccer Jerseys, has given rise for the government to recruit overseas teachers.He also noted the need to improve the remuneration and working conditions of local teachers.The Ministry of Education disclosed that through NCERD, it has been taking several steps to address the teacher shortage in the two subject areas.“These include the introduction of an 18 month distance education programme for Mathematics and Science teachers who are not university graduates. The first batch of 15 Mathematics teachers graduated last year and 44 are currently enrolled.Thirty teachers are pursuing the Science progamme and are expected to graduate at the end of the year.”Students are also provided with textbooks recommended by the Caribbean Examinations Council (CXC) and model solutions to past CXC examination papers; schools were provided with copies of CXC in Focus DVDs covering 60 modules of the CXC Mathematics syllabus; and upgrading workshops are being held for teachers, particularly those at the low performing schools.In addition,Cheap NBA Jerseys Online, The Ministry of Education is aiming to have at least 50 per cent graduates in the system through the UG/CPCE Associate Degree in Education Programme.

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dy1gyigr4rfr — Fri, 07 Dec 2018 07:35:58 +0000

Guyana is arguably the third poorest country in the Western Hemisphere and children are the ones suffering the brunt of the associated poverty dilemma.This deduction was made after consideration was given to the Gross Domestic Product (GDP) per capita which suggests that Guyana’s poverty situation follows what obtains in Haiti and Nicaragua.The forgoing is contained in a recently launched Situation Analysis of Women and Children Report that was completed by the United Nations Children Fund (UNICEF).The analysis was carried out between 2015 and 2016 by Government through the Ministry of Social Protection, with support from a number of partners. Technical support was provided by UNICEF.It is expected that the analysis will pave the way for the systematic monitoring of the situation of children and women living in Guyana.According to the Report not only is unemployment high but it is particularly disconcerting for the young population,A.J. Klein Jersey, which represents more than 60 per cent of Guyana’s population. “Since 2002,Jose Calderon Jersey, youth unemployment has been consistently higher than 30 per cent and is currently estimated to be about 40 per cent,Billy Price Jersey,” the Report outlines.Guyana’s latest official poverty measurement was done in 2006,Kyle Wiltjer Jersey, prior to the economic crisis that hit the world in 2008. According to that measure, 36.1 per cent of the population in the country was living in poverty,Kelly Olynyk Jersey, including 18.6 per cent that were living in extreme poverty.And the Report has been able to ascertain that “poverty is higher in the interior of the country, and for those families living in the rural areas including rural in the coast.”In fact the Report has concluded that “Poverty in Guyana has a child’s face.”Similar to previous measurements, the poverty number from 2006 shows that younger age cohorts have a significantly higher poverty headcount than older ones. It has been revealed,Clearance Hockey Jerseys, too, that 33.7 per cent of young people aged 16-25 lived in poverty in 2006. Almost half of all children aged 16 and below were poor (47.5 per cent) in 2006.Guyana, according to the Report, is susceptible to a variety of hazards including flooding, landslides,Andy Lee Jersey, drought, fires, and severe weather systems, among others. Between 1990 and 2014, floods were the main natural disaster that happened in the country and primarily responsible for deaths.Flooding was found to be common in the coastal areas and in the interior of the country. In the coastal area, an extensive sea defence system of sea walls and dams is the main defence against inundation of the coastal plain due to heavy rainfall, overtopping of the river networks, and breaches in the conservancies or seawall.In the interior, heavy rains and the abundance of rivers create the conditions for constant increases in the water levels. Natural disasters create an extra stress on public finances and significant impact on homes, businesses and human life. In this sense, almost 94 per cent of the negative impact in the country’s economy resulted from past floods.The country has a body of legislation that protects the rights of children, women and other vulnerable populations. Some of the legislation is considered to be updated and in line with international standards.Nevertheless, the implementation of the legislation was identified as one of the major bottlenecks in the country for the three main sectors related to children (health, education and child protection).

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