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first_img– on sale for 0,000As Guyana prepares to celebrate its 50th Anniversary, a special edition of the Eldorado Rum was unveiled at the launch of the “Eldorado Anniversary Edition” at the Demerara Distillers Limited Diamond Complex, Plantation Diamond, East Bank Demerara on Monday.In celebration of this event, stakeholders, members of the Diplomatic corp., ministers of the government along with the President, David Granger and Prime Minister Moses Nagamootoo were all present.Addressing the gathering the Head of State spoke of the historical significance that was imbedded into Guyanese culture of sugar cane being harvested by the colonial mothers of this nation and transforming the cane into a brewed substance known as rum. The president noted that the economic responsibility that is placed on the rum industry in Guyana, adding that of the six major exports of Guyana, the rum industry generates an astronomical, 30 per cent of the total revenue earnings on export.He pointed out that the foreign market “speaks great volume” of the quality of rum that is produced in Guyana, pointing to international surveys which have concluded on the high demand for El Dorado products in markets such as the United States, Canada and even Spain.Demerara Distillers Limited has been perfecting the craft of fine rums for over three centuries. This anniversary Special Edition is a blend of rums that has been specially aged in oak casks for up to half a century. Its special release marks Guyana’s Golden Jubilee, and is the El Dorado toast to 50 years of an independent nation hood. World’s oldest rum at the launch of the Eldorado Anniversary Edition.This quality, however, is created by specialists who dedicated years into mastering their trade to produce such an outstanding product. These masters include Shaun Caleb, Master distiller and Sharon Sue-Hang, Master Blender.Sue-hang took the gathering through a tasting exercise of this remarkable rum demonstrating some of the skills of quality testing.Only 600 of this special blend are up for sale at an astonishing $500,000 plus VAT. The bottle has an 18-karat gold signature seal.Speaking to the gathering, Komal Samaroo, Chairman of DDL revealed the company’s intention to allocate $100,000 from the sale of each bottle to DDL’s Foundation to give less fortunate children with potential the chance to have an education and a fruitful life.The attending congregation was all treated to a master performance of one of Guyana’s recognized singers Dave Martin. As he sang his songs, Martins shared tales of his journey he had took along the years of his musical career including ideas that lead to the creation of some of the most patriotic Guyanese songs ever written.DDL is one of Guyana’s largest industries providing employment for thousands of workers at the same time producing household products through their retail outlets across the nation.last_img read more

first_imgNasdaq Chief Executive Robert Greifeld has previously indicated that Nasdaq may keep its stake in the expectation that the LSE’s shares will fall. He has said Nasdaq would consider offering its technology to an LSE rival in a move that appears to be part of Nasdaq’s efforts to drive down the exchange’s share price. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LONDON – The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange PLC, revealing Saturday that its $5.3 billion hostile bid had been spurned by the British bourse’s shareholders. Nasdaq, which abandoned its first attempt at the LSE several months ago, had extended its current offer by two weeks in an attempt to win over more shareholders – a move that proved fruitless. In the end the New York-based exchange received acceptances worth just 0.41 percent of the LSE’s ordinary shares in return for its $24.35 per share bid. Even added to the 28.75 percent share holding Nasdaq built up by buying in the market in recent months, that remained well short of the 50 percent it needed to begin taking control. Nasdaq is now barred under British takeover law from renewing its bid for a year and declined to say Saturday what it planned to do with the 29.16 percent stake it retains in the London bourse. Reflecting the increasingly acrimonious battle between the two exchanges in recent months, Nasdaq stood by its claims the LSE was overvalued, while the London exchange’s board said it looked forward to going about its business “without the distraction of ill-considered approaches which fail to understand the value of the business.” Nasdaq was just one of many suitors for the LSE in recent years – Deutsche Boerse AG and Australia’s Macquarie Bank Ltd. made formal approaches, while Euronext NV cited interest without naming a price – amid increasing pressure on stock exchanges to find merger partners so they can compete globally. The New York Stock Exchange is due to close its $14.3 billion acquisition of Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon exchanges, within the next couple of months. The NYSE also recently took a major stake in India’s largest bourse and signed a broad agreement with the Tokyo Stock Exchange, the world’s second-biggest financial market. A combination of the Nasdaq and LSE would have created the world’s second trans-Atlantic exchange with about 6,400 listed companies carrying a total market value of $11.8 trillion. last_img read more