
CARIBBEAN NEWS
Misha Caleb is first Guyanese to compete in Miss Cosmo International Pageant
Misha Caleb is first Guyanese to compete in Miss Cosmo International Pageant
Aug 25, 2024
Features / Columnists, News
US-based Miss Cosmo Guyana
Done By: Christal Yong
Kaieteur News – With just one month to prepare, Guyana has selected their first representative to participate the Miss Cosmo International Pageant.
US-based former Miss Universe Guyana contestant Misha Caleb was chosen based on her fantastic and strong performance in this year Miss Universe Guyana 2024 to represent the beautiful land of Guyana.
The Miss Cosmo International is a prestigious beauty pageant that aims to empower women as well as promote diversity and inclusion in the beauty industry will be held on October 5, 2024 in Ho Chi Minh City, Vietnam.
Miss Cosmo Guyana 2024, Caleb a former Miss Universe candidate who captured the hearts of many with her exceptional performance in the Miss Universe Guyana 2024 and is hoping to make Guyana proud on the international stage at the Miss Cosmo pageant.
Caleb is a Guyanese-born, 24-year-old HR business partner, a graduate of Howard University, and a literacy advocate. She will be representing Guyana on the world stage at the inaugural Miss Cosmo 2024 in Vietnam. Caleb champions early childhood literacy not only in her pageant platform but also in her non-profit organization, Advance Guyana.
Since 2021, she has worked hands on with her Nabaclis and Onderneeming community in facilitating literacy-based community events and library programmes. With her degree in Business, Caleb hopes to sustainably grow her organization nationally to continue supporting libraries in underserved communities and empower the next generation of leaders. Caleb looks forward to returning to her country to serve within communities during her reign.
Two phenomenal Guyanese women were selected as the Assistant Co-Directors of the Miss Cosmo Guyana 2024. The two beauties are, Imarah Radix former Miss Guyana World 2009 and one of the first mothers of the Miss Universe Guyana 2024 who captured the Toni Burnett Award and Katifa Lester a Top 6 finalist who was the first married and pregnant contestant in Miss Universe Guyana 2024.
Lester told The Waterfalls, “Since it is our first year, we only had one month to prepare so we decided to select the queen but next year, we do plan to host the local leg of the pageant.”
She nevertheless expressed confidence in the representative for the pageant, “I feel really good and confident in myself, I know that we put together a good team, everybody is willing to work hard to do what we have to do to represent our country.”
Lester explained that Miss Cosmo International is more than just a beauty pageant. It is a platform for women to showcase their talents, intelligence, and passion for making a positive impact in the world. Contestants are judged not only on their physical appearance but also on their character, intellect, and commitment to social causes.
Miss Cosmo 2024 will incorporate public activities in collaboration with local authorities to stage extensive festivals and grand events throughout Vietnam in Hanoi, Ho Chi Minh City, Ninh Binh, Long An and Da Lat.
The semi-final October 2, 2024 and Final Show October 5, 2024, in Ho Chi Minh City will kick off with a series of dynamic events. The selection committee, beauty queens and international experts will come together to share their knowledge and experience to determine the deserving winner in this year’s Miss Cosmo Guyana 2024.
All Miss Cosmo contestants are required to be between the ages of 18- 30 years. All contestants must be a citizen of the country they are representing and must possess the title “Miss” being unmarried and childless.
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President Ali, Toronto Raptors collaborating to develop basketball in Guyana
President Ali, Toronto Raptors collaborating to develop basketball in Guyana
Aug 25, 2024
Sports
President Irfaan Ali attempts a free-throw at the Toronto Raptors facility
Kaieteur Sports – In a pivotal move for the development of basketball in Guyana, President Dr. Irfaan Ali met with Masai Michael Ujiri OC, Vice Chairman and President of the Toronto Raptors, and Co-Founder of Giants of Africa, at the OVO Athletic Centre, the team’s state-of-the-art training facility.
According to a release, President Ali and Ujiri discussed ways in which the 2019 NBA champions can contribute to the growth of basketball in Guyana.
Their discussions focused on key areas such as the development of sports facilities, the organization of coaching clinics, talent identification programs, and the promotion of grassroots basketball initiatives in the country.
President Irfaan Ali and Masai Ujiri OC, Vice Chairman and President of the Toronto Raptors.
Beyond their discussions on Guyana, the leaders also explored a broader Caribbean initiative aimed at boosting basketball across the region, leveraging the Raptors’ expertise and experience to inspire and nurture young talent.
As part of this collaboration, Ujiri is expected to lead a delegation to Guyana later this year to advance these initiatives, marking a significant step in strengthening sports development ties between Guyana and Canada.
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Hussain re-elected as GGA President
Hussain re-elected as GGA President
Aug 25, 2024
Sports
GGA president Aleem Hussain will continue his run following the recent AGM
Kaieteur Sports – The Guyana Golf Association (GAA) held its Annual General Meeting on Wednesday August 21st at the Scout Association Ground on Woolford Avenue.
Vice-President Vic Oditt welcomed the members, all of whom were present in person and virtually. This was followed by the Treasurer’s Report which was unanimously adopted.
The President’s report highlighted the success over the past year with the expansion of golf in Secondary Schools and at CSEC and laid out the vision for the upcoming year.
With no motions to address, the election of office bearers for Period 2024-2025 was called as the next business. Mayo Robertson of the Robertson Law Firm was nominated and appointed to serve as the Returning Officer.
Having established that a quorum was met with the members present and having duly been notified as per the by-laws of the Association, Robertson called for nominations for the various posts and carefully followed procedures to declare the outcomes:
Aleem Hussain was unanimously re-elected President of the Guyana Golf Association (GGA) as guided by the rules of the Guyana Olympic Association.
Vikram Oditt was re-elected as Vice-President; Dallas Thomas was re-elected as Vice President; Philip Haynes was elected as Secretary; Al Junior Wilson was elected as Public Relations Officer; Michelle Codrington was re-elected as Treasurer; Monnaf Arjune was elected as Asst. Sec /Treasurer.
The following Board advisors and key Committee members were appointed by the Board: Mayo Robertson- Legal Advisor; Kenny Attai- Technical Advisor
John Tracey – Technical Advisor and Kevon Jawahir was appointed to lead the Special Events Committee for the 2024-2025 terms.
Member clubs represented: Westside Golf Club by Monnaf Arjune and Michelle Codrington; East Coast Golf Club by Al Junior Wilson; Nexgen Golf Academy by Philip Haynes and Dallas Thomas; Ros-Nol Golf Club by Kevon Jawahir.
With no other business at hand, the new board was installed to serve the nation’s interest in developing the sport for students and players around the country.
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Swiss Machinery support to women completing first year of Welding and Mechanical Engineering in GTI
Swiss Machinery support to women completing first year of Welding and Mechanical Engineering in GTI
Aug 25, 2024
Features / Columnists, News
Latoya Henry receiving a certificate of accomplishment from General Manager of Swiss Machinery Imtiaz Baksh
Kaieteur News – The Swiss Machinery on Friday expressed their heartfelt congratulations to two women, who successfully completed their first year at the Guyana Technical Institute (GTI).
The two women, Latoya Henry and Margaret Baker are majoring in welding and mechanical engineering. Swiss Machinery stated via a press release that their accomplishments are further enhanced by their successful completion of a two-month internship programme with Swiss Machinery.
Margaret Baker receiving a certificate of accomplishment from General Manager of Swiss Machinery Imtiaz Baksh
Notably, the duo have not just excelled in their studies but also made significant strides in a technical arena where women are often underrepresented. “Their perseverance and accomplishments serve as an inspiring example and a powerful testament to their skills and determination. As such, the team at Swiss Machinery extended their wholehearted support and best wishes for the continued success and future endeavours.”
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Canada-based Guyanese Naveed Ali hits 100 not out in T&DCA first-division competition
Canada-based Guyanese Naveed Ali hits 100 not out in T&DCA first-division competition
Aug 25, 2024
Sports
Kaieteur Sports – Canada-based Guyanese middle-order batsman Naveed Ali struck a brilliant, unbeaten 100 to lead Dream Crest United to an exciting, 7-wicket win against Canadian Nationals/Imperial/Whitby team recently in the continuation of the 2024 Toronto and District Cricket Association first-Division 40-over competition.
Naveed Ali
Playing at Sunnybrook ground, the right-handed Ali clobbered 9 sixes and 5 fours to help his team safely reach 211-3 with balls remaining. Their oppositions Canadian Nationals/Imperial/Whitby had earlier tallied up a challenging 209-7 from the allocation of 40-overs.
Ali occupied the crease for 81 balls and got handy support from Ashan DeSilva who slammed an unbeaten 51. Ali and DeSilva combined with a solid, unbroken, 156-run fourth-wicket stand to seal the deal. For Canadian Nationals/Imperial/Whitby side Mohammad Faisal Sheik top-scored with 51 after his team was invited to take first strike.
Ali Qureshi contributed 41 as off-spinner DaSilva grabbed 2-39 from seven overs while Santhosh Kumar Boopathi took 2-29 from his maximum 8 overs.
The action continues on Sunday.
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Talking Dollars & Making Sense: Understanding Your Financials – The Backbone of Your Business
Talking Dollars & Making Sense: Understanding Your Financials – The Backbone of Your Business
Aug 25, 2024
Features / Columnists, News
Kaieteur News – Welcome back to Talking Dollars & Making Sense. If you’re thinking about starting a business or already have one, understanding your financials is one of the most important things you can do. I consistently tell business owners, “if you don’t know your numbers, you don’t know your business.” Unfortunately, I know Guyanese entrepreneurs, operating their businesses for decades yet they cannot tell me if their businesses are making a profit or a loss and how much cash their businesses generate from their operations. In this column, we’ll explore why knowing your financials is crucial, using Demerara Distillers Limited (DDL) as an example to help make things clearer.
Why Your Financials Matter
Think of your financials like the dashboard of a car. Just like a speedometer tells you how fast you’re going and the fuel gauge tells you how much gas you have, your financial statements tell you how well your business is doing. They help you see if you’re making money, where you might be losing money, and how you can improve.
The Three Key Financial Statements
There are three main financial statements you need to know about:
Income Statement (Profit & Loss Statement): This shows how much money your business made (revenue) and how much it spent (expenses) over a certain period, like a month or a year. It tells you if your business is making a profit or a loss.
Balance Sheet: This is a snapshot of what your business owns (assets) and what it owes (liabilities) at a specific point in time. It also shows your equity, which is the value of your business after subtracting what you owe from what you own.
Cash Flow Statement: This tracks the money coming in and going out of your business. It helps you understand if you have enough cash to pay your bills and keep your business running smoothly.
Important Numbers to Watch
Once you understand your financial statements, there are some key numbers (or metrics) you should keep an eye on. For example:
Gross Profit Margin: This shows how much money a company keeps from sales after subtracting the cost to obtain products/services. It’s a percentage that helps measure how efficiently a company is producing its goods/services.
Net Profit Margin: This is the percentage of revenue left after all expenses are paid. It tells you how much profit you’re making for every dollar of sales.
Current Ratio: This measures your ability to pay off short-term debts with your short-term assets. A ratio above 1 means you’re in good shape.
Accounts Receivable Turnover: This tells you how quickly you’re collecting money from customers who owe you. The faster, the better!
Demerara Distillers Limited (DDL)
To help you see how these financial statements and metrics work in the real world, let’s look at Demerara Distillers Limited (DDL), the company behind the famous El Dorado rum.
Income Statement: DDL’s income statement shows that a big part of their revenue comes from exporting their products overseas. By watching their profit margins closely, they’ve been able to stay profitable even when times are tough.
Balance Sheet: DDL’s balance sheet shows they have valuable assets, like their production facilities. They also manage their debts carefully, making sure they don’t owe more than they can handle.
Cash Flow Statement: DDL’s cash flow statement shows they consistently bring in more cash than they spend, which is crucial for running and growing the business.
By paying attention to these financials, DDL can make smart decisions about how to price their products, when to invest in new equipment, and where to expand their business.
Why This Matters for You
No matter the size of your business, understanding your financials helps you make better decisions. By regularly checking your income statement, balance sheet, and cash flow statement, you can catch problems early, plan for growth, and keep your business on track.
What’s Next?
This column is just the start of our journey into understanding business financials. In the coming weeks, we’ll take a closer look at each financial statement, talk about how to make financial projections, and discuss why budgeting is so important.
Remember, understanding your financials isn’t just for accountants—it’s for every business owner who wants to succeed. As you continue to build your business, keep these tools in your toolkit. They’ll help guide you to success.
Feel free to reach out to me at [email protected] with your thoughts, questions, and stories. Let’s keep the conversation going and build a strong foundation for your business together. Until next time, keep learning, keep growing, and keep making sense of every dollar.
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Norman Madhoo shines at Dart Players Florida League Live event
Norman Madhoo shines at Dart Players Florida League Live event
Aug 25, 2024
Sports
Norman Madhoo (right) with Keith Jackson
Kaieteur Sports – Guyanese darts sensation Norman Madhoo nudged another incredible performance on darts scene, finishing in the Top Four Overall at the Darts Players Florida League (DPFL) Live, Event Two. Held at The Reunion Resort in Kissimmee, Florida, the event concluded Sunday last with Madhoo solidifying his reputation as one of the premier talents in the sport.
The DPFL Event Two, dubbed the most thrilling darts competition in North America, featured a staggering $85,000 prize pool, drawing players from around the globe. Representing the Foreign Link Darts Club, Madhoo, along with honorary member Keith Jackson, showcased their prowess in the Men’s Doubles category, where they asserted their dominance throughout the competition.
The tournament was packed with action across various divisions, including Division One, Two, and Three, and categories such as the DPFL Qualifier, Amateur, Doubles Capped 130, Single Cricket Open, Women’s Double 501, Mixed Doubles, Supercup One and Two, and Blind Draw Cricket. Madhoo’s journey through the tournament was nothing short of spectacular.
Nicknamed “The Storm” for his fierce playing style, Madhoo participated in three separate blind draws, finishing in the Top 8 and Top 4 before claiming a first-place finish alongside his draw bag partner, Arron Goodwrench. He also secured a runner-up position in the Men’s Doubles and a Top 8 finish in the Men’s Singles event, showcasing his versatility and endurance in the sport.
Reflecting on his performance and the event itself, Madhoo expressed his excitement: “Overall, it was a great tournament, well-run. I must give a big shout-out to the organisers. Special thanks to: the DPFL staff for their amazing setup, excellent accommodations, and overall hospitality. I definitely can’t wait to be back next year.”
The DPFL Event Two was a melting pot of darts talent, with participants from the Netherlands, England, Canada, and the USA. The lineup included notable names like; Klassen Watermenia, Van Vein, Kegan Brown, Steve Brown, John Brown, Matt Campbell, Jeff Smith, Gary Mawson, Alex Spellman, Leonard Gates, and David Fatum, making the competition fierce and adding an extra layer of prestige to the tournament.
Madhoo’s achievements at the DPFL are a testament to his skill, dedication, and passion for the sport of darts.
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