Jeruta breaks out of slump in nick of time for Bakers

first_img‘It’s not my shame’: Why Filipino women are calling out sexual misconduct on social media Duterte promises to look for funds to establish rail transport in Cebu Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Next ‘1917’ takes top honor at the Producers Guild Awards View comments LATEST STORIES Prince Harry: ‘No other option’ but to cut royal ties MOST READ ‘Bad Boys for Life’ debuts so good with box office top spot Aaron Jeruta drives past Gwynne Capacio. PBA IMAGESWith the season on the line, Aaron Jeruta finally got over the hump and came up big for Cafe France.The veteran guard came to the Bakers’ rescue, willing them in the fourth quarter as they rose back from the dead and came away with the 86-75 heist over Racal to force a winner-take-all affair in their 2017 PBA D-League Aspirants’ Cup semifinals on Thursday.ADVERTISEMENT D-League: Jeruta sparks late rally as Cafe France extends semis “I’m thankful for this game because I haven’t played well this season. I’m glad that coach still gave me a chance to show what I can do, and thank God, I was able to deliver,” he said.Averaging a measly 2.9 points, 1.8 rebounds, and 2.2 assists for the conference, Jeruta’s breakout game couldn’t have come at a better time with lead guards Paul Desiderio and JK Casino struggling to put up points as they combined for just 17 markers on a 6-of-14 clip from the field.“We just kept our heads up,” he said. “We tried to play the game possession-by-possession and we eventually closed in on them. Coach Egay kept on telling us to maintain our energy and effort, so that’s what we did in the second half.”As admirable as Jeruta’s scintillating second half showing was, Macaraya knows that he needs more help from his wards for Cafe France to book a return trip to the Finals.“I think I need everybody,” the mentor said. “Again, I can’t just rely on (Rod) Ebondo, and I’m fielding the veterans hoping that they will step up. Hopefully, we recover for Game 3.” ADVERTISEMENT Marcos monument beside Aquino’s stirs Tarlac town Taal Volcano evacuees warned against going home “Aaron Jeruta stepped up. He’s the only veteran in the team and he was the missing link. This was his breakthrough game,” said coach Egay Macaraya of his 5-foot-8 playmaker.With Jeruta manning the point, Cafe France orchestrated the deciding 16-4 run to stun the Tile Masters and beat them for the first time this conference.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSBreak new groundSPORTSMcGregor blasts Cerrone in 40 seconds in UFC returnHe finished with 18 points, 10 coming in the fourth quarter, to go with six assists and four rebounds.Jeruta admitted it was relief to finally be able to give significant contribution for the Bakers. Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Panelo: Duterte only wants to emulate strong political will of Marcos Palace: Crisis over ABC-CBN franchise unlikelylast_img read more

Nietes wins 3rd world title, beats Thai foe for vacant flyweight belt

first_imgFILE PHOTO – Donnie Nietes after his fifth round TKO win over Raul Garcia of Mexico on May 28, 2016. Photo by Roy LuarcaDonnie Nietes bagged his third world title after beating Komgrich Nantapech of Thailand by unanimous decision for the vacant IBF flyweight belt in the main event of Pinoy Pride 40 Saturday night at Waterfront Cebu City Hotel & Casino in Cebu.Nietes, the longest reigning Filipino world champion in history, outpointed Nantapech, 115-113 and 117-111 on two of the judges’ scorecards.ADVERTISEMENT Nietes, who turns 35 on May 13, joined Manny Pacquiao and Nonito Donaire as the only Filipinos to win at least three titles in three different divisions. He won titles in the minimumweight and light flyweight class.The Negros Occidental native improved his record to 40-1-4 with 22 knockouts. – Roy LuarcaFEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSBreak new groundSPORTSMcGregor blasts Cerrone in 40 seconds in UFC return Bulacan town gears up for biggest cookie jar Palace: Crisis over ABC-CBN franchise unlikely Wildlife rescuers asked to turn over animals to DENR Panelo: Duterte only wants to emulate strong political will of Marcos Sports Related Videospowered by AdSparcRead Next LATEST STORIES LIST: Jan. 20 class suspensions due to Taal Volcano eruption MOST READcenter_img Don’t miss out on the latest news and information. Palace: Crisis over ABC-CBN franchise unlikely Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Ex-Bulacan town vice mayor, village chief shot dead Paul scores 29, Clippers beat Jazz to force Game 7 Taal Volcano evacuees warned against going home Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ View commentslast_img read more

Arnett’s coach Waite hails ‘special’ group

first_imgAfter winning the national club title for the fourth time, long-serving Arnett Gardens FC coach Jerome ‘Jerry’ Waite said his current team is his best ever. “This is a special team. The team was written off and came from nothing to something. It is the greatest local team in my book. I told them that they are going into my history book. They have been through a lot. There was the pay dispute last year, which affected the team’s performance. Then players left the club and others came in,” an emotional Waite told The Gleaner immediately after Arnett’s 2-1 win over Portmore in the Red Stripe Premier League (RSPL) final on Monday night at the National Stadium. “The players showed mental strength, resilience and determination after starting well. Then they went into a lull. We were written off. Now, we are champions. It was not easy after the internal problems. We worked on the mental aspect,” he explained. TREMENDOUS VICTORY “The team finished the regular season in sixth spot then beat last season’s champions – Montego Bay – in the quarter-finals, knocked out regular season winners Humble Lion in semi-finals. And we beat Portmore in the final. It was tremendous. They are a special group,” Waite said. In the final three days ago, Portmore got off to a good start when Maalique Foster netted past Arnett’s custodian Damion Hyatt in the second minute before the crowd settled. Arnett earned a penalty, but their top marksman Fabian Reid’s shot was saved by Portmore’s goalkeeper Shaven-Sean Paul, who dived to his left and blocked. Central defender Ranike Anderson levelled for Arnett in the 55th minute in front of an estimated 20,000 supporters. Marvin Morgan produced a special goal ten minutes later pouncing on a loose ball which came from his own throw-in, connecting his right foot fiercely with the ball from the left corner of the penalty box to rattle the net behind a hopeless Paul in the Portmore goal. It was a goal of quality that deserved to win any match at any level.last_img read more

Empire Mondays “Lock De Scene”

first_imgEmpire Media Inc will be hosting Guyana’s premier DJ competition, “Art of War 2019”, in July this year. As we prepare to do so, the organisers said, we have partnered with XL Energy Drink and launched on March 4, 2019, an inaugural DJ battle tournament called “Lock the Scene”.The objective of this tournament is to bring young and unknown DJs on the dancehall scene. It will run for two months and at the end, the winner will receive $100,000, a spot in “Art of War 2019” and ambassadorship for XL Energy Drink. Since its commencement, the tournament has generated much interest.Fans came out to Swag City in West Ruimveldt (formerly Ballers Bar) to witness their favourite DJ do battle.Kicking off the tournament in week one was DJ Derrick of Blazing Fire Sound out of Linden with a victory over DJ Famous of Pier 1 Sound from Georgetown; and DJ Guy from Bartica conquering his opponents DJs Jameel and Hardcore out of Ricochet Sound in Georgetown.Week 2 saw another Lindener DJ Bandit of Spotlight Sound being triumphant over DJs Hype of Roses International Sound from Georgetown and DJ Chappy out of Bartica vanquishing his contenders DJs Lance and Rich of Dynamite Sound from the West Side.Up next Monday, DJ Kevin of Royalty Vibes from the West Side will face off against DJs Red Man and Jermaine of TnT Sound; and Shocking Vibes Sound will do battle against Fabulous Sound from the East Coast of Demerara.The winners of each week will face off against each other and the best two will go to the finals.The action starts from 22:00h every Mondays at Swag City in West Ruimveldt. Be sure not to miss out on the excitement!last_img read more

Devi Mulai of Dessert Delights: “You just gotta keep pushing”

first_imgother step towards success.”“You love doing something? Push towards it. There will be room for mistakes, but with every try, you only get better.” She Devi Mulai is a baking and cooking-aholic with a dream to one day own her very own brick-and-mortar dessert shop. “I’ve always love baking and cooking the fancy things.”And the 24-year-old former Annandale Secondary School student is wasting no time in making that dream a reality, setting up almost two years ago, Dessert Delights, her Facebook home-based business that offers delicious, eye-catching cakes and hand-designed, customised mugs for sale. Her specialty is cupcakes – sponge cupcakes, chocolate cupcakes, cheesecake cupcakes, Christmas cupcakes, Father’s Day cupcakes, bridal cupcakes – pretty much cupcakes for any occasion with mouth-watering toppings and beautiful designs.For Mulai, who is employed full time, the online business is a way to test the waters and see what customers respond to best while earning extra cash. “This helps me financially as well as provide an opportunity to pand on this a bit more.”If the response to these baked goodies is any indication, there are more than a few persons anxiously awaiting that day.In acknowledging the challenge of juggling a full-time job, Dessert Delights and family life, the Annandale, East Coast Demerara native said: “Every day is not the same, [but] you just gotta keep pushing.”Mulai advised persons who dream of turning their passions into businesses to not give up on their dreams. “Always keep trying. ‘Cause every failure is ancenter_img  interact with customers. Gaining their trust, etc. In the near future, I plan to ex added bluntly: “Sacrifices must be made.”Taking risks, motivation, and creativity are the key qualities of entrepreneurs, Mulai noted, and urged that they be educated and motivated to succeed. The determined young woman highlighted that she had to and was ultimately able to do that on her own.“You also have to be very open minded,” she concluded, explaining that the persons who she deals with every day were her biggest influence.Contact: 629-1979; facebook @dessert.delights.gy; Annandale Railway Embankment, East Coast Demeraralast_img read more

Who really should bear the cost of an oil spill, should such an event…

first_imgThe concerns of an oil spill, and moreso the cost, was first raised by several prominent commentators in the press not too long ago, and that primarily inspired this special series in this regard. The main contention of some observers, as far as an oil spill is concerned, is that it was not catered for in the oil contract between the Government of Guyana (GoG) and ExxonMobil. As such, several commentators have questioned who will bear the cost should such an event occur. In fact, it was noted in one of the previous articles that, evidently, oil companies are generally unwilling to compensate the financial costs of any oil spills. After some bit of probing from the media (as it would appear), the Honourable Minister of Natural Resources subsequently informed the public that the Government will set aside a portion of the oil revenues to respond to an oil spill (Newsroom, March 28, 2018).While the minister did not quantify what proportion of the oil revenue Government intends to put aside for this, the section that follows examines this model to determine whether this would be feasible and/or sensible in the interest of Guyana.Based on information in the oil contract, one can simulate a simple mathematical model of the potential net revenues Guyana is poised to earn, as is demonstrated in the illustrations above. There are, however, a number of assumptions that were necessary to factor in the computation, given that some of the cost elements that would affect Guyana’s net earnings are unclear. These are: (1) it is embedded in the contract that Guyana agreed to pay the corporation tax of the exploration company from Guyana’s share of profit oil, as is illustrated in table 2; (2) the second assumption is: according to the contract, Exxon reserves the right to deduct from total production of oil whatever amount is needed for their operations, which means that, of 100,000 barrels produced per day, Guyana will not benefit from royalty for the total production, neither would the full production be sold. To this end, it is unclear how much barrels Exxon will need to deduct for their operations; (3) the third assumption is that, according to the contract, Guyana will have to bear the transportation cost to ship its share of profit oil onshore, another cost component that is uncertain.Therefore, based on the foregoing, one can reasonable ascertain that Guyana will safely net about $30 – $60 billion annually in oil revenues, and should there be a large scale oil spill — which could exceed about US$4 billion (GYD$826B) in damages and costs to the economy, this would be equivalent to 12 years of total net revenues. Clearly Guyana could not afford it, and it is thus not financially sensible on the part of Guyana. The oil exploration companies need to take full financial responsibility for an oil spill, not Guyana!*The Author is the holder of a MSc. Degree in Business Management, with concentration in Global Finance, Financial Markets, Institutions & Banking from a UK university of international standing.last_img read more

Prognosticating…

first_img…from rumOver recent decades, DDL has earned a well-deserved reputation as a well-run Guyanese corporation in the liquor industry – where very high standards had been set by Banks DIH under Peter D’Aguiar. D’Aguiar, of course, famously made a foray into public life and politics based on an uncompromising anti-communist stance, and ended up with his UF party helping to usher in the PNC into power in 1964. Things didn’t end very well, and maybe that’s why D’Aguiar’s successors at Banks have since been comparatively low-keyed in the public arena.DDL, on the other hand, became private only in the 1990s, as the sugar estates — each with their own distilleries – consolidated, and then there was one. Yesu Persaud, DDL’s first Chairman, became famously articulate on public matters even as he expanded and diversified DDL. He even made a foray into politics with GUARD during the “fight for free and fair elections” era.Now, your Eyewitness is of the firm opinion that business execs should speak their minds publicly – and not only through their associations, such as the Private Sector Commission. Capitalism, or Private Enterprise as it was rebranded, was always driven by individuals who could rise about the herd. There were Rockefeller and Vanderbilt in the 19th century and more recently, there have been Stephen Jobs and Bill Gates; reticent they were not!! Businessmen have to know the public.But with Yesu Persaud’s retirement in 2014, his successor, Komal Samaroo, appeared ready to replicate the earlier withdrawal of Banks’ Execs from public commentary in defence of what politician after politician have bigged up as “the engine of growth”. Even as the engine sputtered here!! So your Eyewitness was pleasantly surprised when he saw a report in the Chronic that Samaroo declared there was “too much negative energy…saturating national discourse at a time when Guyana’s future has never been better.”What made his comment even more newsworthy was that, at the same time, DDL announced it was importing molasses from Nicaragua to produce its major product – rum!!Any ordinary business exec would’ve been questioning why the sugar factories were shut down – not because 5700 workers were thrown onto the streets, of course, but about screwing their molasses customers royally!…the future of boysSeems — like Dickens prognosticated two centuries ago — it was “the best of times; it was the worst of times”. In the midst of news that one tyke had actually scored – for the very first time — a perfect score in the NGSA, came two downers. First: that while scores on English rose marginally, Math plunged precipitately. Whatever happened to those specialists the Ministry of Education had hired a few years ago to fix the Math jinx??Then came the even more shocking news that after all the agony of preparing for the NGSA, kids were dropping out of secondary school even faster than flies!  47% boys and 57% girls from the 14,000 plus annual cohort who usually write the NGSA will not complete high school!! Now it doesn’t take a soothsayer to tell us that this is unacceptable.So, what’s Minister Henry gonna do ‘bout it?…on “improper purposes”The CCJ will be explaining, in their soon-to-be-announced judgement, how you can know when cross-dressing is done “for an improper purpose” — which is ILLEGAL.When they hang out near St George’s Cathedral??last_img read more

Mouth pried open

first_imgSatiricus was grinning from ear to ear as he ambled towards the Back Street Bar. For sure, time was longer than twine! Look how long this Clown Clerk had been throwing his weight around. If he’d been a tag-team wrestler, he could’ve held the world championship by now! Anyhow, justice was being done and no one would be able to pick on him today.“So what do you fellas think about the Clown Clerk and the CoI?” asked Satiricus as soon as he sat down and reached for a beer. “When Cow deh a pasture he nah remember dat dog and butcher deh, till he see am. “Eh! Eh! Sato, like yuh bin a ta’k to yuh Nanie, or wha’?” said Cappo, with a smile.“But de only t’ing, Sato,” interrupted Bungi, before Satiricus could answer. “Dis cow bin know ‘bout de daag an’ butcha wha’ wait fuh am!”“But this is justice being done at long last!” protested Satiricus. “Look how we found out he leased that wharf that didn’t even belong to the city!!”“But didn’t he lease so many other lands before that he also had no authority to do?” asked Hari. “How come a CoI only now.”“Yes!” said Cappo. “Pick sense fram nansense!”“What’re you fellas talking about?” asked Satiricus in a desperate voice. “Aren’t you happy the Clown Clerk might be going to jail?”“Me bet yuh ‘e na get none jail time,” said Bungi. “Sato dis a wan set up!”“What do you mean?” asked Satiricus in a worried voice.“Sato, it’s only because the municipal elections are due,” said Hari. “The Pee an’ See need a scapegoat to show the people they’re changing the thiefin’ old guard!”“Yuh na see de Ma’re a run again fun May-ya?” asked Bungi. “But na she an’ de Crown Clerk bin do ev’ryt’ing like batty and poe?”“As soon as de election ova, de Crown clerk guh get wan nice posi-shan some place,” said Cappo firmly.“So that’s why my KFC didn’t oppose the Ma’re?” said Satiricus, slowly. “Let’s take a drink.”last_img read more

ExxonMobil Guyana granted approval for its Liza Phase Two operations in Guyana

first_img– What does this mean for Guyana, and how can Guyana benefit from its massive oil wealth offshore?The Environmental Protection Agency (EPA), a local regulatory agency in Guyana that has responsibility to take the necessary measures to protect, conserve, manage and improve the environment, has granted approval for ExxonMobil to commence its Liza Phase Two operations in Guyana through its subsidiary, namely Esso Exploration and Production Guyana Limited (EEPGL).There are many public discussions and debates from commentators and analysts alike regarding whether Guyana can benefit from its oil wealth offshore. The question is: how should Guyana spend the potentially massive wealth it is poised to earn in less than two years’ time? The most recent such public pronouncement was made by the General Secretary of the Guyana Trades Union Congress (GTUC) in its Labour Day celebration in Georgetown — a national holiday event in Guyana. In his speech at that forum, he made calls for free education and nationwide healthcare.A section of those gathered at the Government’s job fair which was held last monthThere was also a suggestion put forward by a prominent professor of economics for cash transfers of US$5,000 to be made to each household, among other things.In the analysis that follows, the author, for now, examines the cash transfer debate within the context of Guyana’s economic development and status, and how economically sensible some of these proposals might be in the long run. Proponents of this proposal are of the view that a policy of this nature would aid in poverty reduction, and is perhaps the best mechanism by which every Guyanese would be guaranteed direct benefit from the oil & gas production operations in Guyana; especially since this new sector would not provide a fantastic amount of job opportunities for locals.The contrary view of other analysts and economists alike is that such a policy would engender hyperinflation, and may not be fiscally sustainable.In my analysis, I would therefore explore a broader spectrum of implications of the proposed cash transfer policy.Guyana’s population is roughly 750,000 people. So, assuming that each household in Guyana has an average number of four (4) persons, then using four as the denominator and the population size as the numerator, this computation would give rise to 187,500 households. For simplification, the total average number of households is rounded to 200,000. Therefore, an annual cash transfer of US$5,000 from the potential oil revenue would cost US$1.0 billion, or Gy$206.5 billion annually.This figure of Gy$206.5 billion is equivalent to 50.8 per cent of real GDP (2017), which was Gy$406 billion, and represents 82.6 per cent of the size of the National Budget for 2017, which was Gy$250 billion.Further, considering competing priorities and opportunity costs, the new Demerara Bridge is estimated to cost some US$150 million; the Cheddi Jagan International Airport Expansion Project is some US$150 million; the engineer and design cost to build the road linking Guyana and Brazil is about US$10 million – assuming that road might cost about US$20 million. These figures combined give rise to a sum total of US$320 million, or Gy$66 billion; which means that a total cash transfer of Gy$206.5 billion annually to each household could — almost three times — cover the combined cost to build a new bridge over the Demerara river, the International Airport expansion project, and the road linking Guyana to Brazil.That being said, it is important to note that the net cash flow from oil commencing from 2020 would not reach US$1.0 billion; which means that — if considered, and at whatever figure — such a policy is unlikely to take effect at the immediate onset of oil production. During the first two years into production, net revenue from oil is estimated at just over US$300 million; from 2022 to 2025, at a production rate of 220,000 bpd, net revenue is estimated to be at about, or just over, US$750 million but less than US$1.0 billion. When production is significantly increased to 300,000/500,000 bpd, net revenues would reach and/or surpass the US$1.0 billion mark (note that these estimations are based upon ExxonMobil’s production alone); but this level of increased production is likely to occur until after 2025.In the synthesis of current global evidence of the impact of cash transfers in developing countries — and of what works in different contexts, and/or for different development objectives — it has been found that such transfers have proven potential to contribute directly or indirectly to a wider range of developmental outcomes.Essentially, cash transfers are direct, regular, and predictable non-contributory cash payments that help poor and vulnerable households to raised and smooth incomes. The term can be administered through a range of instruments, such as social pensions, child grants or public works programmes; and a spectrum of design, implementation and financing options (DFID, Evidence Paper, 2011).Henceforth, perhaps if the Government of the day were to decide on the cash transfer policy, the current proposed methodology, inter alia, the direct cash transfer to each household may indeed fuel hyperinflation – an undesirable outcome policymakers would have to guard against. As such, it would probably be better to consider other instruments; or, even better, a combination of different instruments to administer such programmes. For example, grants geared towards promoting entrepreneurial activities might be a better way to do so, as against direct cash transfers annually to each household. Or careful thought should be given to the eligibility criteria for cash transfers; for example, the high income (the rich) class should not be eligible.last_img read more

Local investors should be given preference

first_imgDear Editor,I wish to agree with what letter writer, Gobin Harbhajan, wrote in the media recently.The privatisation of the Guyana Sugar Corporation (GuySuCo) should no longer be delayed or even debated. This industry has been made into a ‘political football’ even before nationalisation and should now be fully divested.The Government should now be seeking concrete proposals from prospective investors to do a proper evaluation and find the right buyer. It is a waste of money to be fiddling further and set up committees to do any further evaluation.Gobin Harbhajan’s comprehensive article in the media has made it conclusive that Government should be committed to the recommendations of the Commission of Inquiry (CoI).I am in total agreement that the Skeldon Estate should be used as a pilot project in this drive towards full privatisation of GuySuCo at a later date. This Government has waited too long to start this process and this will result in creating more fears and a depressive atmosphere in the country. This is being used by the Opposition to portray this Government in a negative light to the people, especially to GuySuCo workers. They have been peddling the propaganda about closures and this has become credible since this Government made a gigantic blunder with the Wales Estate. As Harbhajan pointed out in his letter, this should never have happened.The Opposition has also dubbed the merging of Rose Hall and Albion Estates as a ‘closure’ and has been pounding this into the psyche of Berbicians. Again, this could have been avoided if Rose Hall was set to be privatised. Also, the situation now with the Rose Hall Estate is a disgrace and a myopic move by this Government. The operational factory is being ‘cannibalised’ at a fast rate. Parts are being shuttled to Albion Estate factory which means that very soon that Estate’s factory will be completely destroyed. Why destroy a factory that was producing sugar efficiently?If the Rose Hall Estate was privatised, it would have been sold as a going concern and would have garnered a good and lucrative bargain and the monies so obtained could have been utilised to effect repairs and improvements at the other estates.Therefore, this Government should cease to make such huge blunders.The only question that should now be addressed is finding the best candidate for the Skeldon Estate’s privatisation. The Government should not retain any shares in the estate, since the ‘political leash’ will still be there. We need to cut this off completely and abort the cronyism, corruption and mismanagement.I also fully agreed with Harbhajan that local investors should be given a preference to foreign investors since there are reputable companies who have the finance and the expertise to transform Skeldon Estate into a profitable venture, maintain the labor force and ensure that the scarce US dollars remain at home. This will not only stabilise the US rate of exchange but will invigorate the economy of Region Six (East Berbice-Corentyne).The Government needs to be open and decisive and remove the insecurities being experienced currently. The privatisation of Guysuco should begin now.Yours sincerely,Muhammad Mustaphalast_img read more