Home' Trinidad and Tobago Guardian : September 28th 2015 Contents A14
Guardian www.guardian.co.tt Monday, September 28, 2015
Venezuela s claims
on disputed territo-
ry is hurting the
Caricom nation s
reporters in New
York, where he is
attending the United
that the entire economy is being affected,
but the brunt of the impact was being felt
by the five regions of the Essequibo.
Venezuela has been laying claim to the
vast mineral-rich area of jungle west of the
Essequibo River, which accounts for about
40 per cent of Guyana s territory, since the
"The claims have had a very negative effect over
the years. It became worse in 2013 when that country
expelled a vessel from our waters, and became much
worse in May this year," Granger said after a meeting
with president of the Inter-American Development
Bank (IDB) Luis Alberto Moreno.
"The Venezuela claims have scared away investors
and we made the president of the bank aware of the
impact that the aggression has had on our economic
development of that huge area."
While Moreno declined to give details of the IDB s
position on the territorial dispute, he said the insti-
tution was very interested in a peaceful resolution
to the matter.
Venezuela has also extended its maritime claims
after a subsidiary of Exxon Mobil announced it had
made a significant oil discovery about 193 kilometres
off Guyana earlier this year.
Also discussed during the meeting was the IDB s
support for the development of renewable energy in
"The bank, as you know, has responsibility for the
disbursal of Norway funds and we would like to work
with the bank to ensure that Guyana satisfies the
requirements of those funds and, at the same time,
satisfies the requirements for renewable energy," the
Granger spoke to Moreno about the challenges
facing his country s rice, sugar, bauxite and gold
industries over the last 12 months.
"So we have been pursuing a very important social
agenda to ensure that we bring more people into the
economy at the grass root level, through educational
and poverty reduction programmes. At the same
time, we need to keep our economy buoyant and the
IDB is a very important partner in Guyana s economic
restructuring," he said.
Meanwhile, Foreign Affairs Minister Carl
Greenidge, who also attended the meeting
with Moreno, said that the IDB has sig-
nalled its commitment to working with
Guyana in other areas of development,
including marine transport, infrastruc-
ture and the electricity sector.
KINGSTOWN, ST VINCENT--- A truck has
overturned while carrying supporters
to a political rally in St Vincent and the
Grenadines, injuring about a dozen peo-
ple.Police say witnesses reported the driv-
er lost control of the open-bed truck
late Saturday about 25 miles (15 kilo-
metres) north of the capital,
But they say he managed to veer
into an embankment rather than
plunging down a cliff on the other side
of the road.
Most of the injuries were relatively
The truck was headed to a campaign
event for the New Democratic Party.
BRIDGETOWN, BARBADOS---A St
Lucia-registered company is making a
move to take over Barbados largest
SLU Beverages Ltd, already the largest sin-
gle shareholder in Banks Holdings Limited
(BHL), has offered to purchase all shares in
the company after acquiring the shares of the
second largest shareholder, Massy Holdings,
in a block trade on the Barbados Stock
Exchange last week.
SLU says it will pay BDS$4 (US$2) per
share in keeping with the price it paid Massy
on Tuesday for its 13.1 million shares in
the Barbadian business that owns Banks
Breweries, Pine Hill Dairy, Barbados
Bottling Co Ltd and Banks Distribution
BHL shares were previously listed at
BDS$2.49 (US$1.25) per share.
"The offer is not dependent on SLU
Beverages Ltd acquiring all shares of
Banks Holdings Limited, but the com-
pany is willing to purchase any or all
such shares outstanding," SLU said in
an offer notice to shareholders that was
published in newspapers.
It said the full details of the offer were
being prepared within the framework of
the relevant legislation and would be com-
municated to current shareholders in due
SLU Beverages Ltd is a holding company
of Cerveceria Nacional Dominicana SA,
a leading beer and malt producer in the
Dominican Republic which is controlled
by Brazilian corporation Ambev SA
Links Archive September 27th 2015 September 29th 2015 Navigation Previous Page Next Page