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Flying V shrugs off elims sweep with bigger task at hand in semis

first_imgEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend The Thunder became only the fourth team in league history to have swept the eliminations after NLEX, which did it twice, and Cagayan Valley.But for Altamirano, the 10-game sweep won’t mean anything if they don’t close the deal and finish the conference with a championship.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’That title drive begins on Thursday as Flying V faces four-seed Centro Escolar University in a best-of-three semifinals series.Altamirano noted that his team is well aware of how stronger the opposition has gotten, and he is keeping the Thunder’s feet on the ground as they take things one game at a time. “Other teams are getting stronger as the playoffs get deeper. But we’re not looking beyond that. CEU is also a team-to-beat because they’ve been there lots of times. (Rod) Ebondo has been in the D-League for so long and he has been in Finals. Their core, although school-based, are still very experienced. So we’re just focused on the task at hand,” he said.Luckily, Altamirano will have Conference MVP pacesetter Jeron Teng at his disposal, as he will count on the La Salle prodigy to lead Flying V to the promised land.“Jeron is an achiever. When he puts his mind to it, he will not stop until he gets it. Before, he’s been known as a scorer. But now, he’s trying to evolve the other aspects of his game,” the coach said.But for all of Teng’s magnificence, the veteran mentor reiterated that the 23-year-old swingman can’t do it all alone. That’s why he’s relying equally on his core of Gab Banal, Eric Salamat, Hans Thiele, and Thomas Torres to get the job done.“What I like about Jeron is his ability to involve his teammates. That’s a very good sign of a good player. But of course, he can’t do all of that if not for his teammates so I think Jeron is very blessed to have teammates like Eric, Gab, and Thomas,” he said.ADVERTISEMENT Don’t miss out on the latest news and information. Albay to send off disaster response team to Batangas “Actually, I’m just blessed to have these type of players that we got. We just remind them to focus on the process and the result will take care of itself.”Sports Related Videospowered by AdSparcRead Next Vilma Santos, Luis Manzano warn public of fake account posing as her LATEST STORIES MOST READ 2 nabbed in Bicol drug stings Teen gunned down in Masbate 787 earthquakes recorded in 24 hours due to restive Taal Volcano 787 earthquakes recorded in 24 hours due to restive Taal Volcano Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ 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 Pocari thwarts Air Force, returns to PVL Finals Photo by Tristan Tamayo/INQUIRER.netFlying V coach Eric Altamirano wants his players to forget the elimination round sweep and focus on the new challenge ahead of the 2017 PBA D-League Foundation Cup semifinals. “In our team, we already forgot about the 10-0. We’re back to square one and our focus is what’s in front of us,” he said.ADVERTISEMENT Marcosian mode: Duterte threatens to arrest water execs ‘one night’ View commentslast_img read more

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Cavs, Warriors ready to chase in NBA’s sprint to the finish

first_imgDon’t miss out on the latest news and information. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Cleveland is the unknown, even with James. The Cavaliers added new pieces around him earlier this month, and there’s not a lot of time left to build championship chemistry.The Cavs went into the break with four straight wins, but they’re still just third in the conference and couldn’t gain any ground on the Raptors, who have won seven straight to pass the Celtics. Toronto is an NBA-best 24-4 at home and could make the Cavs’ NBA Finals plans difficult if they have to go through Canada.“We would hope so, but we’ve got to get there,” Raptors All-Star guard Kyle Lowry said. “We’ve got to finish the season strong.”Much of the work is already done, since the NBA’s earlier start to this season means teams are well beyond the midway point of their schedules. They will have about 25 games remaining, with so much to sort out in both conferences.It’s a two-team race at the top of the West but things are tight well beyond that. San Antonio is just percentage points ahead of Minnesota for third while still hoping Kawhi Leonard returns from his thigh injury, and it’s a gap of only 4 1/2 games from there to 10th place, where the Utah Jazz have won 11 straight.ADVERTISEMENT GALLERY: Barangay Ginebra back as PBA Governors’ Cup kings GALLERY: Lady Chiefs win back-to-back titles Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed It’s too early to present Duterte’s ‘legacy’ – Lacson Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano Phivolcs records 2 ‘discrete weak ash explosions’ at Taal Volcano Kevin Durant out with Achilles injury; to undergo MRI on Tuesday PLAY LIST 03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:43Who are Filipinos rooting for in the NBA Finals?02:25Raptors or Warriors? PBA players take their pick of NBA champ02:14Carpio 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 respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Sea turtle trapped in net freed in Legazpi City What he really wants is to be celebrating in the postseason, not midseason.The NBA’s sprint to the finish begins Thursday with James riding high but starting again from back in the pack as Cleveland tries to catch Toronto and Boston in the Eastern Conference.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folk“We just added four new guys before the break, and we have a lot of work to do,” James said. “So I really don’t like to think that too far ahead. But obviously winning championships is what it’s all about. That’s what this league is all about and hopefully at the end of the road then I have the Cavs there to actually compete for one, to be in a finals representing the East.”The Golden State Warriors are also in the unusual position of pursuers, after red-hot Houston passed them for the league’s best record with 10 straight wins leading into the All-Star break. But nobody would count out the Warriors, not with their star-studded group that has won two of the last three titles. Team LeBron’s LeBron James, second from left, of the Cleveland Cavaliers, shoots as Team Stephen’s Draymond Green, left, of the Golden State Warriors, Klay Thompson, second from right, of the Golden State Warriors, and Stephen Curry, of the Golden State Warriors, defend during the first half of an NBA All-Star basketball game, Sunday, Feb. 18, 2018, in Los Angeles. (AP Photo/Alex Gallardo)LeBron James had a trophy in his hands and a smile on his face.That was Sunday at the All-Star Game, when James again rose above the NBA’s best in winning a game and MVP honors.ADVERTISEMENT LATEST STORIES View comments The East has a close race for fourth place and home-court advantage in the first round between Washington and Indiana, and positioning to be settled down the bottom of the bracket, where Milwaukee, Philadelphia and Miami hold the final three spots.But the biggest question might be the Celtics, who slumped into the break with three straight losses after leading the conference most of the season, and now have one team ahead of them and another behind that has the momentum.“The Raptors have been playing really well. Cleveland has been playing really well. But we’ve got to get back to playing really well, too,” the Celtics’ Jaylen Brown said. “So as the season moves forward, we’re looking forward to getting back to the top spot.”Same with the Warriors, who were hurt by the longer-than-usual time it took to reach the break. They were just 6-4 in their last 10 games and at 44-14 already have more losses than they averaged over the last three seasons (13).Coach Steve Kerr made it clear that his team needed a rest and now that the Warriors had it, they’re ready to try to reel in the Rockets.“We’ve got 20-something games before the playoffs to chase another championship,” All-Star Stephen Curry said. “So, ready to hit the ground running when we get back.”Sports Related Videospowered by AdSparcRead Next UK plans Brexit celebrations but warns businesses may suffer MOST READ Steam emission over Taal’s main crater ‘steady’ for past 24 hourslast_img read more

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Germany looks to become 1st repeat World Cup champ in half-century

first_imgDon’t miss out on the latest news and information. LATEST STORIES Volcano watch: Island fissures steaming, lake water receding Dave Chappelle donates P1 million to Taal relief operations China population now over 1.4 billion as birthrate falls 4 years later, graft taints 10 Brazilian World Cup stadiums Expect controversy on a regular basis.FIFA’s Congress votes June 13 on the host of the 2026 tournament, and a joint bid by the U.S., Mexico and Canada is competing against Morocco — where most of the infrastructure would have to be built — on a ballot that includes a none-of-the-above option.Following the drug-testing scandal that engulfed the 2014 Sochi Winter Olympics, FIFA’s medical committee chairman said no Russians will be involved in collection of urine and blood samples, which will be flown to Lausanne, Switzerland, for analysis.VAR will be the acronym of the moment: video assistant referees in soccer-speak, instant replay for most viewers at home.And as soon as the final whistle of the tournament is blown at Moscow’s Luzhniki Stadium, attention will shift to the 2022 World Cup in Qatar, moved to Nov. 21 through Dec. 18 because of summer desert heat and compressed to 28 days because it is in the middle of the European club season. Gianni Infantino, who succeeded the disgraced Sepp Blatter as FIFA president in 2016, has discussed increasing the World Cup field from 32 to 48 in 2022, four years ahead of schedule.ADVERTISEMENT The United States will be missing from soccer’s showcase after seven straight appearances. Four-time champion Italy will be watching from home for the first time since 1958, its streak of 14 consecutive appearances ended by a playoff loss to Sweden. The Netherlands, which lost the 2010 final to Spain, missed out after slumping to third in its qualifying group. And Chile failed to qualify after consecutive Copa America titles.Iceland and Panama are World Cup debutantes, Peru is back for the first time since 1982, and Egypt ends an absence dating to 1990.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownGermany and Brazil are the pretournament favorites, and France is fancied behind them with a young roster. England will try to end more than five decades of hurt since winning its only major title on home soil in 1966. Mexico will try to advance past the second round for the first time since 1986, but El Tri opens against Germany and its likely second-round opponent is Brazil.There also has been a generational change within FIFA. Many of its leaders have moved from penthouses to prisons following indictments by the U.S. Department of Justice that detailed kickbacks to be as much a part of soccer as free kicks. MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’center_img Winfrey details her decision to withdraw from Simmons film Steam emission over Taal’s main crater ‘steady’ for past 24 hours Jury of 7 men, 5 women selected for Weinstein rape trial Iceland at about 335,000 becomes the least-populous nation to appear in a World Cup, a mark that had been held since 2006 by Trinidad and Tobago at 1.3 million.MISSINGInjured players missing the tournament include Argentina goalkeeper Sergio Romero and midfielder Manuel Lanzini; France defender Laurent Koscielny; Serbia defender Matija Nastasic; Brazil right back Dani Alves; and England midfielder Alex-Oxlade Chamberlain.SPLIT SCREEN?The World Cup final starts two hours after the beginning of the Wimbledon men’s singles final. If Spain and Rafa Nadal are playing for titles, and the tennis isn’t decided in straight sets, which event do fans watch?Sports Related Videospowered by AdSparcRead Next Some of the top storylines likely to dominate play in Russia:MESSI AND RONALDOLionel Messi and Cristiano Ronaldo have split the last 10 FIFA Player of the Year awards, and this is likely their last chance to win a World Cup. Messi turns 31 on June 24, two days before Argentina finishes the first round against Nigeria, and has lost four finals with the national team. Ronaldo, 33, helped Portugal win the 2016 European Championship for its first major title.BREAKOUT STARS?Brazil’s Neymar, England’s Harry Kane, Egypt’s Mohamed Salah, France’s Antoine Griezmann and Belgium’s Kevin De Bruyne are stars who could lift themselves into Player of the Year contention with stellar World Cups.BACK TO BACKItaly in 1934 and ’38, and Brazil in 1958 and ’62 are the only teams to win consecutive World Cups. Germany was 10-0 in qualifying, the only European team with a perfect record, and outscored opponents 43-4.PLAY IT AGAINFollowing the first use of goal-line technology at a World Cup in 2014, FIFA has expanded off-the-field decision-making. A video assistant ref can notify the referee by headset of the need to reverse a decision if there is a “clear error” involving goals and their buildups, penalty kicks, straight red cards, and mistaken identity for red and yellow cards.ICE, ICE BABY Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio 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 respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award DepEd’s Taal challenge: 30K students displaced FILE – This June 28, 2017, file photo shows the refurbished Luzhniki stadium in Moscow, Russia, where the opening match and final of the World Cup will be played when the soccer world gathers at 12 stadiums in 11 cities across the European portion of Russia starting June 14 for a 32-day, 64-match championship. (AP Photo/Denis Tyrin, File)MOSCOW — After raising the World Cup eight miles from Copacabana Beach four years ago, Germany hopes to lift the trophy four miles from the Kremlin on July 15 and become the first repeat champion in more than a half-century.The soccer world gathers at 12 stadiums in 11 cities across the European portion of Russia starting Thursday for a 32-day, 64-match championship. Much has changed since Die Mannschaft humiliated the host Selecao 7-1 in the 2014 semifinals, then left Rio de Janeiro’s Maracana Stadium with a 1-0 extra-time win over Argentina on Mario Goetze’s 113th-minute goal.ADVERTISEMENT View commentslast_img read more

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James Harden scores 29 to lead Rockets past Blazers

first_imgCarpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio 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 respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Chris Paul added a triple-double with 11 points, 11 rebounds and 10 assists. Clint Capela had 13 points and seven rebounds before fouling out with five minutes left, and Eric Gordon, who started in place of James Ennis, had 14 points for the Rockets, who shot 49 percent from the field.“We did a good job of just competing, playing harder,” Harden said. “That was really it – playing harder and got into them. We were a little more aggressive. Good things seem to happen when you play harder.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissHouston’s bench played a key role in a 24-6 first-half run that erased a 15-point deficit, and then led a charge in the second half. Gerald Green had 13 points, and Danuel House had 12 off the bench.“They won the game for us,” Houston coach Mike D’Antoni said of the bench. “They turned it around when we were down 15, and they came in, and Nene, Danuel House and Gerald put a lot of energy.” ‘Mia’: Rom-com with a cause a career-boosting showcase for Coleen Garcia No.13 lucky for Orlando Bloom Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Houston Rockets’ James Harden (13) passes the ball as Portland Trail Blazers’ Maurice Harkless (4) defends during the first half of an NBA basketball game Tuesday, Dec. 11, 2018, in Houston. (AP Photo/David J. Phillip)HOUSTON — The Houston Rockets’ bench came to the rescue twice Tuesday night, and the second time made the difference.James Harden had 29 points and seven Rockets scored in double-figures as Houston used a big second-half run and snapped a three-game losing streak with a 111-103 victory over the Portland Trail Blazers.ADVERTISEMENT Nadine Lustre’s phone stolen in Brazil Damian Lillard had 34 points, CJ McCollum scored 22 points and Jusuf Nurkic added 15 points and 10 rebounds for Portland, which shot 44 percent after starting the game by making seven of its first nine shots.“I thought Houston played pretty aggressive defense on us,” Portland coach Terry Stotts said. “We took some possessions for granted and some turnovers led to their transition. Obviously, their bench came in and hand an impact on the game. . They just outplayed us in the second half.”Houston used a 25-5 run to end the third and start the fourth quarters, and opened a 100-83 lead on 3-pointer by Harden with 6:48 left. House and Green each had five points in the run.“I think you could really tell the difference (in) the second half,” Green said. “I thought that we didn’t give up a lot of offensive rebounds that was really killing us in the first half. Our pace was really good tonight. I feel like we were playing faster. We were getting out in transition a lot more than we did in the last few games. I think it was something we can build on.”The Blazers responded with a 14-2 run and cut the lead to 102-97 when Nurkic made a pair of free throws with three minutes left.ADVERTISEMENT LATEST STORIES Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anewcenter_img Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Sports Related Videospowered by AdSparcRead Next After winning title, time for LA Tenorio to give back to Batangas folk MOST READ Will you be the first P16 Billion Powerball jackpot winner from the Philippines? After trading baskets, Houston pushed the lead to 107-99 on a free throw by Harden and two free throws by Paul. After Lillard missed a layup, Paul hit two more free throws to push the lead back to 10 with 1:38 left. Portland got no closer than eight the rest of the way.“We dug ourselves into a hole, and with the style that they play, you’re going to have a chance to get back into it, but it’s a tough battle when you have to fight back into the game,” Lillard said.TIP-INSTrail Blazers: Al-Farouq Aminu had 10 points and 15 rebounds. . Portland shot 17 of 21 from the free throw line. . The Blazers shot 10 of 25 from 3-point range.Rockets: Houston’s bench outscored Portland’s 37-13. Nene had 10 points. . The Rockets shot 18 of 27 from the free-throw line. . Coach Mike D’Antoni said Brandon Knight (knee) could see playing time early next week. . Ennis left the game with a strained right hamstring.CLEAN UP ON THE FLOORPJ Tucker dove for a loose ball during the second quarter, landing in front of Houston Astros third baseman Alex Bregman and Astros owner Jim Crane, who were seated courtside, and splashing their drinks on them. Bregman and Crane were given towels to help dry off.UP NEXTTrail Blazers: Travels to Memphis on Wednesday.Rockets: Host the Lakers on Thursday. View comments Malaysia, Vietnam draw in Suzuki Cup final first leg Don’t miss out on the latest news and information. last_img read more

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Effective staff selection involves more than qualifications and experience

first_imgDear Editor,The local media has recently been inundated with controversial debate/discussions on the pros and cons of the selection processes for the position of Deputy Chief Elections Officer at the Guyana Elections Commission.My professional interest in human resources management has naturally been piqued, especially as it seems to me that the concern has been too narrowly focused on just two criteria, namely; formal/academic qualifications and prior work experience.Effective staff selection, especially for positions at the professional and supervisory or managerial levels typically requires attention to several additional criteria and processes.For example: competencies and skills in written and oral communications, interpersonal relationships, motivation, supervision and management of staff, acquisition and oversight of financial and material resources etc. Objective assessment and comparative/relative evaluation of these criteria often require ‘third party’ interventions such as in-house and/or external selectors facilitated by recruitment professionals and reference-checks.Some organisations/employers ‘outsource’ the ‘shortlisting and/or selection processes’ to independent professional recruitment firms or individuals who employ various selection methods such as assessment centres with simulation exercises, oral and written tests and practical presentation exercises.I am amazed to see, for example, how often people are selected for positions which require them to make public presentations and/or written submissions/reports without them being actually screened on their competencies in these activities by first asking them to do ‘mock’ written and oral presentations. (These days when CVs and Applications are written for candidates by paid professional writers, it is foolhardy to depend on the submitted applications/CVs as examples of the analytical and writing competency of candidates).The use of ‘independent’, professional recruiters appears even more necessary for ‘politically-sensitive’ appointments.Sincerely,Nowrang Persaudlast_img read more

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SASOD launches violence against LGBT persons report

first_imgThe Society Against Sexual Orientation Discrimination (SASOD) on Thursday launched a complete report on violence and discrimination against LGBT (Lesbian, Gay, Bisexual and Transgender) persons in Guyana.The report stemmed from a study which was conducted by the Georgetown Law Human Rights Institute in Washington DC, and documented the views and experiences of LGBT persons in society.As part of the study, additional information was also gathered via interactions with Ministers, officials of the Guyana Police Force (GPF) and representatives from other institutions across Demerara and Berbice.The committee was represented by the founder of SASOD, Joel Simpson and other representatives of the organisation, who explained the need for equality inSASOD founder Joel Simpson (left) along with other members of the organisationthe human rights sector, to every member of society.In relation to the high level of discrimination which LGBT individuals face in the workplace and other settings, SASOD has embarked on several initiatives to bring awareness to the public on the need for equal rights among all.“This is a report on social protection issues [and] discrimination in the workplace. We’ll be meeting with all the Ministries, the Guyana Police Force and very importantly, we’re doing a lot with faith leaders.“We’re heavily focused on movement building. We’ll be working a lot more directly with the partners – Guyana Trans United and the Rainbow Foundation so that we have a stronger front as a movement,” Simpson added.The organisation, based on the findings of the study, is calling for increased specialised training for officers of the GPF that would include how to deal with LGBT members, since violence and discrimination were preventative factors in embracing equality.last_img read more

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$75M in equipment expected for City Hall by next month

first_imgThe Mayor and City Council (M&CC) is currently awaiting some $75 million in equipment to serve in the Solid Waste Department, which is expected to arrive in one month’s time.This was related to Guyana Times by the Director of Solid Waste, Walter Narine on Saturday. He informed that the contract for the supply and delivery of a garbage truck, as well as a tractor and two trailers went to the National Procurement and Tender Administration Board (NPTAB) earlier this year.According to Narine, Industrial Supplies of Guyana (ISG) won the bid for the supply of the garbage truck and should be in a position to deliver it in about 30 days’ time.He revealed that City Hall initially intended to purchase two garbage trucks, but was unable to do so, since it would have exceeded its $75 million budget.It is because of this the garbage truck project was retendered, since they had invited bids for two trucks. Narine explained that the cost for one of the garbage trucks amounted to about $40 million.In a quest to not only lower its expenses but generate an income, the Mayor and City Council made the decision to purchase its very own garbage trucks.The projects for the much-needed pieces of equipment were taken to NPTAB under the Communities Ministry.“Ministry of Communities, of course, is doing all the tendering from Government and also on our behalf. Ministry of Communities would have advertised for tender in the newspapers and interested suppliers would have sent in their tender documents,” the Director had previously explained to this publication.He said that during a statutory meeting held earlier in the year, the Council decided that $75 million would be allocated to his department, to fund the purchase of the vehicles.The equipment the M&CC purchased were financed using the $200 million subvention from the Communities Ministry, which was granted in this year’s budget.The country’s two largest garbage collection companies – Puran Brothers Disposal and Cevons Waste Management – withdrew their services on July 30, 2017, as City Hall’s debts had risen to the multimillion-dollar range.According to the companies, the issue of non-payment has been a long-standing one, with many debts going as far back as 2015.However, they have since resumed collection after the municipality approached Central Government through the Communities Ministry for a bailout of $475,635,245 to settle the city’s debt to Puran Brothers and Cevons.The bailout was granted and Central Government decided to pick up the tab until December 31, 2017.last_img read more

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GuySuCo pension fund under severe pressure – source

first_imgSeveral employees – past and present – of the Guyana Sugar Corporation (GuySuCo) are worried about the status of their full pension benefits as the pension fund is in deep trouble.Reports are that the Employees Retirement Benefits is in negative territory by $1.1 billion as opposed to $2.4 billion in 2014, according to the 2015 financial statements produced by GuySuCo.A GuySuCo source told Guyana Times on Wednesday that the fund has seen a constant decline over the past few years and the closure of the estates will add enormous pressure on it.OLYMPUS DIGITAL CAMERA“It was under severe pressure before and now that GuySuCo is now retrenching, several employees who would have been eligible for the pension may suffer,” the source opined.It was also noted that the scheme, which is open to salaried employees of GuySuCo, who would have been contributing to the pension scheme, may have been severed.“That will be an onerous pressure to the scheme, because you have new people who are coming in to receive a pension,” the source added, noting that this was a major worry for many fired employees.Meanwhile, a former employee of the Corporation told this newspaper that since the Demerara Distillers Limited (DDL) pulled out from the fund, it has also added pressure.The employee, who asked not to be named as well, is of the firm view that Government had to be aware of the dilemma.He said this on the basis that there was no likelihood that foreign investors would have joined the fund, as the Financial Act currently prohibits certain levels of offshore investment.According to the former employee, there is a likelihood that the scheme will lose its viability to provide a pension for those who are already receiving a pension, because of the lack of investment portfolios.“The pension is already burdened by those already receiving a pension and it will be exacerbated by the additional people who will now become eligible for pension as a result of being severed from the company,” he added.While the pension fund had been in trouble before the new Government took office in 2015, there was no move made to stabilise the fund, especially in light of plans to downsize the industry.Asked to comment on the status of the fund on Wednesday, President David Granger said he was unaware of the issues relating to the fund and has not been apprised of information about it.“We respect the different stakeholders in the industry and I would say that we have not been provided at Cabinet level, with any information about the pension fund, but we know at this point in time that the central Government has been asked to provide funds for the termination benefits…I cannot answer now on the status of the pension fund, but you know for the last 32 months or so, the Government of Guyana has been bailing out GuySuCo almost at the rate of $1 billion per month,” he stated.last_img read more

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Heavy rain and snowfall expected in the Fort Nelson region

first_imgRain and local snow will develop tonight and persist through Wednesday with significant rainfall amounts and local snow accumulations expected.A moist front is expected to move into Northeastern British Columbia tonight and will stall through Wednesday. Rain will develop tonight and become heavy at times on Tuesday. Total rainfall of up to 50 mm can be expected by Wednesday night or Thursday morning when the front eventually weakens and moves out of the region. Areas near the Rockies will receive the heaviest rainfall.Furthermore, rain will change to snow at night especially over the higher terrain with local snow accumulations of 15 to 25 cm possible by Wednesday night.- Advertisement -The public is advised to monitor future forecasts and warnings as warnings may be required or extended.last_img read more

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Liverpool legend hails Van Gaal and tips Man United for title charge next season

first_imgJamie Carragher has hailed the job done by Louis van Gaal at Manchester United, and claims they will be genuine contenders for the Premier League title next season.The Red Devils are third in the table, five points clear of fourth placed Manchester City, who they beat 4-2 on Sunday, and just a point behind Arsenal, in second.And Carragher is in no doubt Van Gaal is on the right lines at Old Trafford and is tipping the Dutchman to return the club to its former glories.“When you finish seventh last year and a new manager comes in, your job is to get into the top four,” he told the Alan Brazil Sports Breakfast.“It doesn’t matter how they play, or were playing, they were getting results.“United have been in the top four for the last three or four months now probably, and it’s only in the last four to six weeks that we’ve seen the performances to go with it.“People have more belief now in what he’s trying to do. Next season he will be bedded in, the football will come, he’ll have more players he wants and people will be more used to him.“The fact it [the improved performances] has come before the end of the season is a real bonus for them. Looking at them now, people will start getting the idea they could go on and win the league next season.”last_img read more