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For several years now the Audit <a href="">Carlton Fisk Jersey</a> or Office of Guyana has <a href="">NFL Cheap Jerseys Wholesale</a> been churning out reports pointing out several discrepancies on the part of Ministries and Regional Offices among others. The most recent report has now included the recent imbroglio surrounding the Colonial L <a href="">NFL Jerseys Supply</a> ife Insurance Company (CLICO) Guyana.The report that was made public recently,Carlton Fisk Jersey, pointed to a contract awarded by the National Procurement and Tender Administration Board (NPTAB) for the construction of the new capital dormitory at the Georgetown Prisons in the sum of $24.7M.The Contract was subsequently terminated in November 2008 but some $21.4M was already paid to the contractor.The Auditor General cited that the reason for termination of the works was extreme lack of diligence on the part of the contractor and an assessment of the completed works revealed that the contractor was overpaid $10.5M.In this regard, the Ministry levied on a performance bond for $12.3M, which was held with the now embattled insurance firm, Colonial Life and General Insurance Company Limited (CLICO), now under Judicial Management. However, to date this claim has not been settled.The Ministry responded that it is making attempts to recover the amount overpaid and intends to engage the Attorney General for advice.The sore issue of the outstanding arms and ammunition based on a purchase since 2003 did make some progress as was highlighted in the Auditor General?s report.The report noted that one supplier had not delivered the order valued at $8.824M,NFL Cheap Jerseys Wholesale, due to transhipment problems.However, with the approval of NPTAB and a ?no objection? from the Cabinet, the order was converted and items were supplied in July 2008 and January 2009.Nonetheless, the orders from two suppliers that were valued at $2.336M and were outstanding since the year 2005 are still to be delivered.The supplier of the MTSL shells was acquired from the Ministry of National Security in India, and required arrangements from the Ministry of Home Affairs.In this regard, the Ministry of Foreign Affairs was engaged and diplomatic arrangements are in process.With respect to the stallions, the supplier was charged criminally for failing to fully refund the contract sum, when it became evident that he was unable to make good the order. Only $50,000 of the sum involved was recovered.Record keeping for fuel stored was found to be lackadaisical as it relates to supplies for the Guyana Prison Services.The report pointed out that contrary to the established cash based method of procurement, the Guyana Prisons Service obtained a credit facility to facilitate purchases of fuel from a local provider.This situation was compounded by the fact that there was a failure to adhere to the requirements of the Procurement Act during the acquisition of this commodity and a review of the Ministry?s records revealed that the supplier was overpaid an amount of $511,NFL Jerseys Supply,668, as at 31 December 2007.The Ministry?s response was, that in April this year ?a letter was sent to GUYOIL, requesting that they transfer the remaining funds from the Bulk Station to the Pump Station.? The Auditor General recommended that the Guyana Prison Service, as directed by the Head of Budget Agency, take action to ensure that the practice of purchasing fuel on credit be discontinued and to introduce measures for strict control over acquisitions of fuel.The Auditor General also recommended that systems are put in place to avoid future breaches of the Procurement Act 2003 and its regulations, specifically as it relates to the limits of authority with regard to the procurement of goods and services. Among the fuel and lubricants purchased in 2007, there were 21,17

04.12.2017 - uvwx9111 (
The Indian government will not interfere with Guyana?s awarding of the <a href="">Wholesale NFL Jerseys</a> US$18M specialty hosp <a href="">NHL Jerseys Authentic</a> ital contract to Surendra Engineering Corporation Limited.Responding to questions yesterday whether his government was considering revisiting the contract,Wholesale NFL Jerseys, High Commissioner to Guyana,NHL Jerseys Authenti <a href="">Cheap Jerseys Wholesale</a> c,India?s High Commissioner to Guyana, Puran Mal MeenaPuran Mal Meena,Cheap Jerseys Wholesale, said that it is a matter entirely up to the Government of Guyana to decide who will be the contractor.He made it clear what India?s role is.?India has provided financial assistance to construct that hospital, to equip, but not to interfere in the internal process of the country. We are sure that they will utilise the money in the right way.?According to the envoy, his government will abide by any decisions of the government.?We are not part of the National Procurement (and Tender Administration) Board, our job is to monitor the progress of the projects which are funded by the government of India? If the project is for 12 months, if it is delayed,China Jerseys, why is it delayed??Meena also told reporters that any companies can object to the bidding process to Exim Bank of India which is funding the project. There are some safeguards in place including the contract agreement between the local Ministry of Health and the contractor.Under the line of credit, the contract for the specialty hospital, earmarked for Turkeyen, has to be granted to an Indian construction firm. This was done last month, to Surendra Engineering.However,Cheap NFL Jerseys China, another Indian company, Fedders Lloyd Corporation Limited, had protested, insisting that several things were wrong in the decision to grant Surendra Engineering the contract.The Ministry of Health, in responding to Fedders Lloyd, said that it breached no laws in awarding the hospital contract to Surendra. It stated that Fedders Lloyd had breached instructions that were given to bidders.Fedders Lloyd, which submitted one of the lowest bids for the project, had expressed its concerns via a letter to the Permanent Secretary, Ministry of Health,Cheap NFL jerseys China, dated August 30th 2012.The Ministry?s letter was released to the media a day after Cabinet Secretary Dr. Roger announced that Government would be re-assessing the award of the US$18M contract to Surendra EngineeringIn its letter of response, the Ministry of Health said that it ?has diligently pursued the process of tendering and awarding the contract to design, build and equip the Specialty Hospital for Guyana with due diligence and full transparency, adhering throughout the process to good, sound and proper policies and procedures.??It is obvious to the Ministry that in such an open and competitive process that attracted five bids from reputable Indian firms, only one firm will be successful.?Government intends to staff the hospital with specialists from India to do complicated surgeries, ranging from heart operations and organ transplants to cosmetic surgery.Fedders Lloyd had asserted that Surendra Engineering should have been disqualified as a bidder. ?As per the bid opening readouts, we noticed that the Bank Guarantee submitted by Surendra Engineering was on the Indian bank letterhead and it was never confirmed by any local bank in Guyana? This outrightly disqualifies Surendra Engineering and makes them a non-responsive bidder in the first place.?Fedders Lloyd had signaled its intentions to write Exim Bank of India.

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Ballistic tests by the police have revealed that the same <a href="">Cheap Jerseys Wholesale</a> high-powered rifle was used in the killings of Police Corporal Romein Cleto <a href="">Jerseys NFL Wholesale</a> and gold miner Jason Wills.Romein CletoCleto was gunned down on April 27 at the busy Regent Street and Avenue of the Republic junction, <a href="">Cheap Nike NFL Jerseys</a> while Wills, 33, met his death in a house at Meadowbrook on January 31, last.With this new revelation,Cheap Jerseys Wholesale, the police have slightly narrowed down their investigations into two high-profile execution murders.It also points to the fact that Cleto was killed by seasoned hit men.Police Public Relations Officer Ivelaw Whittaker confirmed yesterday that 7.62mm spent shells recovered at both scenes matched.The 7.62mm ammunition is used in the AK-47 and M-70 assault rifles.The police had charged one Shaka Chase with Cleto?s murder only to have the charges withdrawn by the Director of Public Prosecutions three days later.They were also attempting to institute murder charges in relations to the same incident on ?Reagan? Rodrigues, called ?Grey Boy?.Crime Chief,Jerseys NFL Wholesale, Seelall Persaud was recently quoted in a section of the media saying that the case against Shaka Chase for the murder of Corporal Cleto looked clear-cut.?It looked clear-cut so we went ahead and charged,Cheap Nike NFL Jerseys,? he stated.The big question now is ? are the police now treating both Rodrigues and Chase as suspects in the Wills execution?Earlier this month,Cheap Football Jerseys, Persaud had assured that the investigation of the execution style killing of Jason Wills is still active.At that time there was no new development in the case that had seen the police detainingJason Willsseveral persons including two who were in the Pine Grove, Meadowbrook Gardens,Cheap NFL Jerseys, Georgetown house,NFL Jerseys China, at the time when Wills was riddled with a hail of bullets.Those arrested have been released and there have been no further arrests in connection with the matter.

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Police are hoping that they have finall <a href="">Wholesale NFL Jerseys</a> y made a breakthrough in the murder <a href="">Wholesale NFL Jerseys</a> of Chinese businessman Zhenjz Su, who was bound and hacked to death in his Mandela Avenue, East Ruimveldt restaurant four months ago.They have detained an 18-year <a href="">Wholesale Jerseys From China</a> -old man who they say may be one of the bandits who killed Su,Wholesale NFL Jerseys, and badly battered his wife before escaping with an undisclosed sum of cash.The suspect was arrested last Thursday and is being detained at the Golden Grove Police Station.Kaieteur News understands that the youth,Wholesale NFL Jerseys, who is from East Ruimveldt, was chopped in the head last Thursday during an altercation. It was when he went to make a report that police informed him that he was a suspect in Su?s murder and took him into custody. The teen has reportedly insisted that he was with his girlfriend at the time of the murder.Su, 35, was found gagged and bound in the kitchen area of the Jade Stone Restaurant, on August 7. He had been chopped to the head.There are reports that the intruders killed Su after he refused to open a money-safe for them. The intruders also inflicted a savage beating on the businessman?s wife,Wholesale Jerseys From China, 32-year-old Fei Su,Cheap Nike NFL Jerseys, who was attacked in her bedroom. Some of her teeth were knocked out.Murdered: Zhenjz SuA bloodstained cutlass was found at the scene. Detectives also found a piece of lumber that they believe the intruders used to club the man?s wife.The victims have five dogs, but no one apparently heard the animals barking while the family was under attack.The bandits had also tampered with surveillance cameras on the property.It is believed that the killers gained entry via a door in the bottom flat that the business couple had mistakenly left open. Zhenjz Su, a source said,Cheap Jerseys, would close the restaurant at around 21:00 hrs and attend to customers through that door.A friend of the family said that after killing Su, the bandits used the dead man?s keys to open a door leading to the couple?s living quarters.Police said that Fei Su, the wife, was confronted in her home above the restaurant by a group of men who assaulted her and took away an undisclosed sum of money before escaping.On checking later, she found the body of her husband downstairs on the kitchen floor with chop wounds to his head.Police had detained,Alexander Mogilny Jersey, but later released a suspect.Some members of the business community have posted a $2M reward for information that could lead to the arrest of his killers. Persons with information can call telephone number 662-4076 and all information will be confidential.

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Staff me <a href="">Wholesale Jerseys China</a> mbers of the Brickdam Seconda <a href="">Wholesale Jerseys Free Shipping</a> ry School were more than elated when they recently received a boost from Scotiabank in Georgetown.Headmis <a href="">Cheap Adidas NHL Jerseys</a> tress (ag.) Donna Williams receiving the cheque and ceiling fans from Scotiabank representatives On Friday officials of the bank presented five ceiling fans and a cheque for $10,Wholesale Jerseys China,000 as the school embarks on an enhancement and refurbishing exercise.Acting Headmistress Donna Williams was very pleased with the gesture since she claimed the school?s interior could become extremely hot and stifling during the daytime. She noted that they would take good care of the items.Scotiabank?s Relationship Officer,Wholesale Jerseys Free Shipping, Vibert Jones,Cheap Adidas NHL Jerseys, said the entity is more than happy to give back to society and emphasized that they would be pleased to embark on other such similar ventures.

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As Guyana observes World Health Day 200 <a href="">Cheap NFL Jerseys China</a> 9 today,Cheap NFL Jerseys China, the Ministry of Health commenced a three- <a href="">Wholesale Nike NFL Jerseys</a> day consultation workshop yesterday on the National Health Sector Disaster Plan for Guyana.The consultation is being held at Cara Lodge on Quamina Street and focuses mainly on ensuring t <a href="">Cheap NHL Jerseys China</a> hat all hospitals and health facilities are safe during disasters. The consultation is primarily intended to start the process of developing a national health sector disaster plan and to build some consensus on what should be its major content, particularly with regard to roles and priority scenarios to be addressed.The objectives of the consultation are to introduce some basic concepts and principles in disaster management, such as definition of disaster; the disaster management cycle; comprehensive disaster management including risk reduction; introduction of terms such as risks, hazards and vulnerability.The objectives also include reviewing the draft National Health Sector Disaster Plan, arrive at consensus on roles and responsibilities of the key stakeholders in disaster management in the health sector,Wholesale Nike NFL Jerseys, arrive at consensus on key actions to be taken to prepare for and respond to the priority emergencies/disasters identified, devise common formats for disaster assessment reports and situation reports and to provide an opportunity for participants to familiarize themselves with each other and the roles,Cheap NHL Jerseys China, capacities and needs of their agencies.The three-day consultation is being held in collaboration with the Ministry of Health, Pan American Health Organization (PAHO), and the World Health Organisation (WHO).Country Representative of PAHO, Dr. Kathleen Israel noted that the workshop and the development of the disaster plan, form part of the Ministry of Health?s effort to enhance disaster management in the sector and it is in keeping with PAHO?s commitment to supporting disaster preparedness, mitigation and response.The activities that surround the observance of World Health Day focus on the resilience and safety of health facilities and the health workers who treat persons affected with emergencies.According to Dr. Israel, disasters around the world are increasing and they are taking a heavy toll on the countries affected.According to the United Nations International Strategy for disaster reduction, in 2008 there were 321 natural disasters which claimed the lives of 235 million people and cost the United States some US$181 billion.?This trend is expected to continue as climate change causes more extreme weather patterns. When disasters strike, hospitals and health facilities are expected to be the lifeline of those affected? However, these facilities are themselves affected by the disasters and are unable to function and to provide the necessary treatment, which proves to be very tragic for that country,? Dr. Israel noted.Director General of the WHO, Dr. Margaret Chand and the PAHO representative said that apart from causing increased suffering and the loss of lives, the failure of health facilities during emergency, could provoke an outcry.?Hospitals should never be allowed to become disaster victims themselves?while we cannot prevent natural hazards; we can and must make sure that our hospitals stand up to disasters.?In this regard,Wholesale China Jerseys Free Shpping, Dr. Israel urged for a series of interventions of best practices to be implemented in observation of World Health Day 2009, so as to make health facilities safer during emergencies.These interventions she pointed out,Jose Calderon Jersey, should include good planning and carrying out emergency exercise in advance, as well as implementing measures such as early warning systems and preparing staff

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The opposition parliamentary parti <a href="">Cheap NFL Jerseys</a> es, with the exception of the Rise Organise and Rebuild (ROAR) Party, yesterday <a href="">NFL Jerseys China</a> issued a call for the immediate re-opening of the investigations into the killings of several persons,Cheap NFL Jerseys, allegedly at the hands of a ?Phantom Killing <a href="">Discount Football Jerseys</a> Squad.?The call came during a joint press conference at which the Alliance for Change (AFC), the People?s National Congress Reform and the Guyana Action Party (GAP) were each represented by their leaders, namely Raphael Trotman,NFL Jerseys China, Robert Corbin and Paul Hardy.According to the party representatives, the call was made in light of the revelations coming out of the US court case involving Shaheed ?Roger? Khan.Khan has long been speculated to be the driving force behind the Phantom Squad along with former Minister of Home Affairs,Discount Football Jerseys, Ronald Gajraj, who has since resigned from that post and is currently Guyana?s High Commissioner to India.Drawing reference to the revelations of the court case, the party leaders noted the full page advertisements placed in the daily newspapers wherein Khan claimed that he was working in the interest of the government.Corbin also reminisced on the times when the government vehemently opposed such an investigation to be approved by the National Assembly.Trotman, who voiced his support for the investigation, said that not only must the investigating body be reinstituted but its scope must be expanded.?We have to get to the truth whatever it takes,? said Paul Hardy, who added his support for the investigation.Corbin noted that what was also alarming was the fact that the US Government did not choose to share the information being disclosed in the US court with Guyana.He noted that such a move clearly illustrated a lack of confidence in the confidentiality aspect of the Guyana Government.Corbin added that the fact that the US chose to hold the trial before an anonymous jury shows how dangerous a man Roger Khan is.According to the main opposition leader, it should not have been the US Government assisting Guyana with its investigation (referring to the police request for information on the killings alleged to have been committed by or ordered by Khan). Rather, it should have been the Guyana Government assisting the US.Regarding the speediness with which the information may be presented to Guyana, Corbin expressed his optimism but noted that the US may not want to present the information to Guyana until after the investigations.Between 2002 and 2006, several persons were executed in and around Georgetown and these killings were suspected to have been ordered or conducted by a notorious Phantom Killing Squad.Killings of this nature occurred mainly in central and Greater Georgetown, and on the East Bank of Demerara.Among some of the more renowned murders were those of television personality Ronald Waddell, who was riddled with bullets just as he was about to drive from his Subryanville home; taxi driver Christopher St. Hill, called ?Ninety?, who was found lying in his car just off the Turkeyen Public Road, East Coast Demerara; Devon Cambridge, an 18-year-old from Mc Doom, East Bank Demerara, who was found in a trench in D?Urban Backlands with his hands bound behind his back and his body having sustained several gunshot wounds; and S.A. Nabi and Sons Managing Director, Ashim Sheer Mohamed, who was also shot dead by a group of men in a car while sitting in his pickup which was parked in the North Ruimveldt Multilateral School compound.During the crime wave that began with the February 2002 escape of five dangerous inmates from the Georgetown Prisons, several people suspected to be linked to criminal activities began to turn up dead.For instance, on November 23, 2003, 21-year-old Kwesi Williams

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The preliminary inquiry (PI) into the Kaieteur News grenade <a href="">Cheap China Jerseys</a> attack has concluded. Chief Magistrate Ann McLennan will make <a href="">NFL Jerseys Outlet From China</a> a ruling on January 5, on whether a prima facie case has been made out against the accused.Leroy Williams,Cheap China Jerseys,25, of Durban Backlands, Georgetown; Janeil Howard, 20, <a href="">NFL Cheap Jerseys China</a> of 322 Section ?C? Turkeyen, East Coast Demerara; and Alfie Garraway, 36, of Norton Street, Lodge, Georgetown are accused of conspiring together with other persons to cause an explosion by way of grenade, likely to endanger lives and cause damage to property.The offence occurred on June 4, at 24 Saffon Street, Charlestown.Garraway is currently out on $300,000 High Court bail. The two other accused remain on remand. Williams is being represented by Attorney Neil Bollers.Attorney Stanley Moore is representing Garraway. Howard remains unrepresented.When the matter was called yesterday,NFL Jerseys Outlet From China, Police Prosecutor, Neville Jeffers, handed over written submissions to the court.Thereafter, the Chief Magistrate indicated that she was ready to make a ruling in the matter. However, the ruling was deferred until next month because both attorneys were absent.Garraway told the court that his attorney would be available on January 5, or anytime after that date. A woman, who told the court she was Bollers?s Legal Clerk, told the court that the lawyer was on his way from the East Bank of Demerara. However, when the lawyer turned up at court the matter had already been adjourned.At the last court hearing (December 14) both lawyers handed over written submissions to the Chief Magistrate and prosecution.According to reports, on the day in question,NFL Cheap Jerseys China, a security staffer heard an unusual sound coming from near Glenn Lall,Cheap NFL Football Jerseys, publisher of Kaieteur News,Cheap Jerseys From China, Toyota Lexus Sports Utility Vehicle (SUV) PRR 8398.The SUV was parked on the western side of newspaper?s Lot 24 Saffon Street, Georgetown office.On checking the front of the vehicle, the staffer spotted a grenade lying near one of the front tyres. Video footage from the company?s CCTV cameras showed a grey-coloured vehicle,Cheap Jerseys From China, slowing down as it approached Lall?s vehicle. The driver accelerated after the explosive device was thrown. Shemar Wilson also known as ?Abdue? is still wanted by police for questioning in relation to the grenade attack.He is 20 years of age. His last known addresses have been given as 43 North Sophia and 51 West LaPenitence, Georgetown.

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NEW AMSTERDAM,Deion Jones Falcons Jerse <a href="">Deion Jones Falcons Jersey UK</a> y UK, BERBICE ? Several inmates of the New Amsterd <a href="">Jean-Sebastien Giguere</a> am Male Prison attempted a daring prison break yesterday morning.The New Amsterdam prisonAccording to reports,Jean-Sebastien Giguere, the attempt was foiled after they wer <a href="">Cheap Jerseys Free Shipping</a> e spotted by a prison officer who was at the time in the yard.Details are somewhat sketchy, but a reliable source indicated that a group of prisoners were in a cell when one of them asked to use the toilet.When the prison officer opened the cell,Cheap Jerseys Free Shipping, the others attacked him,Jerseys From China, took away the keys, and tied him up with a sheet.They then proceeded to open other cells, releasing other prisoners in the process. A prison officer who was stationed at the back of the compound saw the inmates and raised the alarm.Efforts to secure a comment from prison officials in New Amsterdam were futile.When the Commander of Division ?B? of the Guyana Police Force was contacted,Cheap Jerseys, he refused to disclose any information, saying inter alia,NFL Jerseys Wholesale, ??The police will issue a press release.?He then extended an invitation to dinner tomorrow night.

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?as Caribbean leaders look to tackle <a href="">Cheap Nike NFL Jerseys</a> crime, drugsPr <a href="">Wholesale Authentic Jerseys</a> ime Minister of Jamaica,Cheap Nike NFL Jerseys, Bruce Golding, warned his fellow Caribbean leaders on Sunday, to step up job creation and oppo <a href="">Cheap Soccer Jerseys</a> rtunities that offer hope or else the Caribbean would be filled with ?a new, smarter generation of criminals.?Leaders of the Caribbean Community (CARICOM) are meeting in Montego Bay to discuss ways to clamp down on crime and the drug trade.Golding said that crime does not exist in a vacuum, but thrives in an environment in which poverty is prevalent and hope and opportunities limited.?Let us also be clear that fighting crime is not just a law enforcement exercise. It is a major development issue. Rooting out criminal gangs that have embedded themselves in communities will leave a huge space, which, if not quickly filled by meaningful programmes that empower people,Wholesale Authentic Jerseys, provide training, create jobs, generate new opportunities and offer hope,Cheap Soccer Jerseys, will shortly thereafter be filled by a new, smarter generation of criminals,? he stated.?Social intervention and transformation is the dimension of the fight against crime that we dare not ignore,Wholesale NFL Store,? Golding declared at the opening of the CARICOM Heads of Government Summit.But Golding is continuing to face the heat at home for failing to acknowledge his governing Jamaica Labour Party?s (JLP) lobbying efforts against a US extradition request for alleged drug lord Christopher ?Dudus? Coke.When he finally made the acknowledgement and said that the government had agreed to extradite Dudus, a virtual war erupted in the alleged drug kingpin?s hometown of Tivoli Gardens where Dudus offered support for scores of families.There have been several calls for Prime Minister Golding to step down over the affair, but he hasn?t and is hosting leaders of the region,Cheap NFL Jerseys China, and assumed a firm posture on the drug trade.He said that the Caribbean is located along one of the principal routes for the trafficking of illicit drugs but the region is unable to fight the drug trade.?We lack the institutional capacity to secure our border, patrol our waters and mount an effective counter-offensive against the powerful narcotics trade. The infestation of our societies and the corruption of our institutions present a challenge to which we must respond, but one that requires resources we do not have,? he stated.Golding said that while the regional security system in the eastern Caribbean and the Caribbean Basin Security Initiative recently launched by President Barack Obama are important mechanisms, regional government?s need to do much more.?The transnational nature of organised crime requires much greater collaboration among us and our international partners with equal emphasis being given to supply, transit and demand sides of the international drug trade,? he stated.?And we must continue to press for more effective measures to stem the flow of guns into the Caribbean, because not only are they the symbol and tool of criminal organisation, but they filter down to itinerant criminals with grave consequences for the peace and safety of our countries,? Golding added.UN Secretary General Ban Ki-moon, addressing the opening of the Summit, expressed concern over organized transnational crime and the proliferation of small arms and light weapons.Mr. Ban said that CARICOM and the UN Office on Drugs and Crime have developed a joint action plan to combat the problem.?We must address security issues and social causes simultaneously. In this regard, I welcome the fact that the recently launched Caribbean Basin Security Initiative goes beyond traditional law enforcement approach, and I applaud CARICOM States on all your efforts to combat illicit trade i

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For 2014, the Guyana and Trinidad Mutual Life Insurance Co <a href="">Nike NFL Jerseys China</a> mpany (GTM) mai <a href="">Cheap NFL Jerseys Wholesale</a> ntained its position as the largest health insurance provider in Guyana,Nike NFL Jerseys China, with a net profit of $106M for 2014.Members of the GTM Board of Directors at the company <a href="">Cheap NHL Jerseys</a> ?s 90th Annual General Meeting.This was disclosed by the Chairman of the GTM Board of Directors, R.L Singh, at the company?s 90th annual general meeting on Wednesday, last,Cheap NFL Jerseys Wholesale, at the Georgetown Club, Camp Street. The forum was attended by GTM?s Board of Directors as well as various stakeholders.Chairman Singh related that the company made a net surplus of $106M after tax, which indicates a significant increase of profit margins when compared to 2013, which recorded a $31.5M net surplus.The net surplus was calculated after adjusting for the movement of policyholders and liabilities,Cheap NHL Jerseys, which amounted to a grand total of $327M. This also increased from 2013?s pre-adjustments, which amounted to $187.4M. Following the adjustments of policyholders and liabilities,Cheap China Jerseys, the insurance company saw an over 200 percent increase in its net surplus.?This represents a significant increase of $75.1M or 238 percent,? Singh explained. ?GTM has performed fairly well in 2014 in the Eastern Caribbean States where the company operates.??The adoption of new reporting requirements under international standards and practices requires adjustments for changes in policyholder liabilities to be accounted for before recording net profit,? said Singh. After such calculation, he said that direct policyholder liabilities accounted for $220.4M.Despite a decline in the growth of sales for new life insurance policies, Singh said that the multinational insurance company has remained Guyana?s largest provider for health insurance.He noted that some of the factors contributing to the sales decline were increased competition and a reduced demand for the life insurance product. ?However, GTM still has one of the country?s leading life insurance policies,? Singh boasted.Moreover, the Chairman related that the reason for the significant movement for Guyana in 2014, when compared to 2013, had to do with the decline in demand share prices last year.As GTM also has operations in the Eastern Caribbean region, the company?s meeting also contained reports from countries such as Grenada, St. Lucia,Dale Murphy Braves Throwback Jersey, Dominica and St. Vincent and the Grenadines.In Grenada the net premium grew by 8 percent. However,NFL Jerseys China, the growth was undermined by $67M in claims and $26M in lapses and surrenders. Meanwhile, St. Lucia?s branches grew 3.7 percent in their premiums, but the country still performed much better than Grenada.However, overall sales in the Eastern Caribbean did not fare well as the economic deficiency negatively affected significant growth in the region.?The Eastern Caribbean states faced another year of modest economic growth, high unemployment and widening fiscal deficits. These factors negatively affected both sales of new policies and business potential in Grenada, Saint Lucia, St Vincent and the Grenadines,? the GTM Chairman related. He added that even with an aggressive conservation strategy, high surrenders and lapses in policy still persisted in the region.According to Singh, to counter such negative factors both board and management have actively and continuously sought new ways of improving efficiencies to contain or reduce GTM?s original expenditures.?This includes a detailed assessment and review of resources utilisation,? Singh explained.

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