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    Rethinking the role of the credit union

    FW Raiffeisen who holds the distinction of having organized the first ever credit union in Germany some time during the nineteenth century is reported to have said: “Credit Unions must not confine themselves to granting loans.

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    LUCAS STOCK INDEX   The LSI rose by 0.2 percent in the second week of trading in February 2012.  Only the stocks of Banks DIH and Demerara Distillers Limited (DDL) traded this week and they both rose by nearly one percent.  As a result, the index recorded its edged up this week and reversed the declining trend of the last two weeks.

    Considerable Differences

    Differing ImpressionsAfter listening to the Presi-dent’s speech before the Parlia-ment last Friday, it was easy to see why many Guyanese were left with differing impressions of his remarks.

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    Fortress Fund Investment Director Roger Cave

    Barbados’ Fortress Fund targets Guyana

    One of the Caribbean’s best known investment managers, the Barbados-based Fortress Fund Managers, says the performance of Guyana’s economy places it foremost on the list of Caribbean territories in which it is earnestly seeking new opportunities to broaden its investment thrust.

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    LUCAS STOCK INDEX   The LSI declined by 2.39 percent in the first week of trading in February 2012.  The stocks of Demerara Bank Limited (DBL) declined by 16 percent while that of Demerara Distillers Limited (DDL) declined by nearly one percent.  The rise of the stocks of Guyana Bank for Trade and Industry (BTI) by four percent was insufficient to compensate for the losses.  As a result, the index recorded its largest decline for the year.

    Drained and Irritated

    IntentionsAt a sitting of the National Assembly today, the country was likely to hear the views and vision of President Ramotar as he addresses the members of the august parliamentary institution.

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