Black Immigrant Daily News

USA-bred EROY and fellow American RUNAWAY ALGO square off in an epic clash at seven furlongs for Saturday’s Caymanas Park feature, the Eros Trophy, the ninth of 10 races scheduled.

Speedy RUNAWAY ALGO was caught close home by I’VE GOT MAGIC when hunting a fifth straight win on May 22. The quick three-year-old will try making all but faces a tough foe in experienced four-year-old, EROY, who won second-time out off a six-month lay-up, a fast-time victory at seven and a half furlongs in the Hubert Bartley Memorial on June 26.

Dale Murphy’s RUNAWAY ALGO has been burning up the exercise track, clocking 1:28.0 and 59.3 for seven and five furlongs, respectively, galloping out the mile chute.

Dick Cardenas, who was aboard Richard Azan’s EROY for his easy win, has opted for RUNAWAY ALGO, no doubt impressed by the three-year-old’s exercise form.

However, EROY won by 10 lengths with topweight 126lb, clocking 1:31.0, a second and two-fifths faster than I’VE GOT MAGIC’s win against RUNAWAY ALGO. EROY, who won in sloppy conditions, also returns seven pounds lighter, sitting level with RUNAWAY ALGO at 119lb.

EROY’s flashy performance was underlined by top-class MAHOGANY’s 1:30.2, six days later, on a good track, running nine pounds lighter at 117lb.

First post is noon.

CAYMANAS PARK TIPS

Race 1 – 1200mAlbert (7)

Race 2 – 1300m Awesome Aviator (1)

Race 3 -1200mAction Run (1)

—-Race 4 – 800m StRubyistheone (10)

Race 5 -800m StFearless Fire (7), Shrewsbury Norm (8)

Race 6 – 1300mAjita (9), Lord of Ajahlon (1)

Race 7 -800m StJoyful (5), Jahsendblessings (10)

Race 8 – 1500mShe’s A Wonder (5)

Race 9 – 1400mEroy (4)

Race 10 – 1000m StSuper Duper (11)

BET OF THE DAY

Race 8 – 1500mShe’s A Wonder (5)

Race 9 – 1400mEroy (4)

Race 10 – 1000m StSuper Duper (11)

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Black Immigrant Daily News

REAL NEWS- Harold Lovell is decrying the aggressive position that Prime Minister Gaston Browne has taken in the matter involving the collapsed British American Insurance Company Limited (BAICO) and Colonial Life Insurance Company Limited (CLICO) and promises by the Government of Trinidad & Tobago to pay local policy-holders.

Browne is threatening to sue the T&T Government over its failure to pay the US$60 million balance on a US$100 million commitment.

The Prime Minister, in his usual fashion, made the announcement on his affiliated radio station – rather than on State media – on Saturday, July 23.

Lovell, the Political Leader of the United Progressive Party (UPP), says the Head of Government lacks diplomacy.

Lovell, an attorney-at-law, says the payment promised by the T&T Government was not an official court order; rather, it came about after months of negotiation. This is what is now needed, Lovell says: a meeting at the table.

The Political Leader says the Browne Administration may have an uphill battle litigating this matter.

BAICO and CLICO – a Trinidad-based conglomerate, went into insolvency in 2009, leaving Antigua and Barbuda policy-holders among those still owed millions of dollars.

The Government reportedly is pursuing litigation against the principals of the insurance companies.

Meanwhile, PM Browne said he hopes that Trinidad & Tobago is benefitting from the increase in fuel prices and therefore will put some system in place to cover the rest of its liability.

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door Shanavon Arsomedjo PARAMARIBO — Neelam Matadin en de Tony Cuttz zijn geen liefdespartners. De foto’s die de zangeres postte

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Black Immigrant Daily News

OBSERVER: Leader of the United Progressive Party (UPP) Harold Lovell has given Prime Minister Gaston Browne a failing grade for the “unacceptable” manner he has been dealing with the ECAB shares conversion saga.

Last week, PM Browne blasted the directors at the regional bank, claiming they were dragging their feet on allowing the government to attain ordinary shares in the financial institution.

Government has 25 percent preferential ownership in ECAB and gets the first claim on the distribution of profits, but it is restricted to voting only on resolutions that directly affect its rights.

More than three years ago, the government wrote to ECAB’s board of directors asking to convert its shares to ordinary shares, which would allow the government to claim full voting rights in key decision-making processes.

But that has still not happened, delaying the government’s intentions to sell citizens some of its ownership in the local bank.

Together with ACB, which owns 15 percent of ECAB, local shareholders will account for 40 percent of shares, and voting power in the institution, if the government is successful in acquiring the ordinary shares.

However, Lovell said Browne’s handling of the matter is inappropriate.

“The way in which he has accosted the board is unacceptable. You don’t do that as a prime minister,” the UPP leader said.

He also expressed concern that PM Browne is pushing to gain more control of the bank.

Lovell, a former finance minister, said the banking sector should be protected at all costs so as to prevent any possible corruption or collapse.

“A bank is the only business where the stock does not belong to the owner. It’s somebody else’s stock and you need responsible management of that stock,” he said.

“We have seen banks go down because you have governments which are broke and will be tempted to simply call up and say ‘I need 10 million dollars and you must send it to me’. And that type of pressure that we have seen the prime minister exert now, you can imagine what will happen down the road when the government needs money.

“We have to be very careful because we have to look about the interest of depositors. Your money is in there and you need responsible management of that money and what will eventually happen is that the government, yes, will be in a position of control but can we trust the Gaston Browne government to simply allow the bank to be run in a professional way or will there be the temptation to say ‘we need money, give us money and if you don’t, we will pressure you until you do’?

“That’s a very dangerous situation,” Lovell added.

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Entrante Dialuna awor…

ORANJESTAD(AAN): Hopi hende a keda cu cara babuca riba Diabierna atardi, ora nan a tende con caro coriente lo bira na Aruba entrante Dialuna 1 di Augustus 2022.

   Esaki tur lo bay contribui pa mas producto subi di prijs, specialmente tur comestible warda den freezer, den coolers, y mas.

   Cuminza prepara pa drumi den airco, cu ta opera kizas pa 4 ora so tur anochi.  E resto di anochi dal bentana habri of drumi cu fan.

   Conferencia: Director di NV Elmar Anthony Irausquin Diabierna a duna un splicacion riba e ahuste den prijs di coriente cu ta bay tuma lugar, cuminzando na Augustus.

Durante un conferencia di prensa Irausquin a splica cu e aumento den e tarifa di coriente pa tur cliente den tur bracket ta bay ta uno di 23.93%.

Asina mes e director a indica cu e ta keda un prijs social, unda cu esun cu gasta menos lo paga menos.

“E ahustacion di prijs di coriente ta refleha menos impacto directo riba inflacion y e aumento ta pa garantiza continuidad di servicio optimal di suministro di coriente y pagando su proveedor WEB, pasobra nos tin cu sigui paga WEB, segun e director di NV Elmar.

Irausquin a indica for di inicio cu Elmar ta transmiti y distribui coriente cu nan ta cumpra for di WEB.

Pesey el a indica cu e aumento tin di haber cu e aumento den gastonan cu WEB ta wordo confronta cune.

Basa riba e ahustacionnan di WEB, NV Elmar tambe ta haci ahuste.

Irausquin a duna di conoce tambe cu ta bon pa menciona cu di tur locual Elmar bende, 80% ta bay bek na WEB, pues esey ta e prijs cu e compania ta paga pa distribui coriente na Aruba.

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