Category Archives: Economics/Finance

Granger touts a professional public service; zero tolerance on corruption, bribery

Granger touts a professional public service

President David Granger

President David Granger

[MAY 21, 2015 | BY  ]   During a meeting yesterday, Heads of Government agencies and Permanent Secretaries were addressed by President David Granger on what will be required of them and the code of ethics to be observed and upheld under the new administration.

President Granger said that under his administration, public servants will be held to strict professionalism, transparency and integrity.
During the meeting, which was held at the Arthur Chung Convention Centre, formerly the Guyana International Conference Centre, the President stressed the need for public servants to understand their role as servants to all citizens of Guyana.  Continue reading

Guyana: Capitol TV News Videos – 21 May 2015

Capitol TV logoGuyana: Capitol TV News Videos — 21 May 2015

  • Granger tours ExxonMobil operations
  • Mayor gets corporate support again for city clean up
  • City clean up continues
  • Youth unemployment at staggering 40% – CDB
  • Greenidge highlights responsibilities
  • PPP-connected businessman tries to cash $92M VAT refund
  • Courts to the rescue again
  • Sports

Click links below to view the TV News videos:-    Continue reading

Guyana News: Demerara Waves – 16 May 2015

Guyana News: Demerara Waves – 16 May 2015

  1. US, Britain offer to help build inclusive governance; private sector wants pro-business agenda
  2. PPPC going to court to challenge election results
  3. Transition team set up for handover- President David Granger
  4. Seelall Persaud will remain Police Commissioner
  5. Greenidge tipped to become Foreign Minister
  6. Budget preparation, streamlining of revenues high on agenda
  7. Employment of contract workers to be reviewed

Click links below to read the news items:   Continue reading

Who will lead the Caribbean? – By David Jessop

The View from Europe: Who will lead the Caribbean?
By David Jessop -Published on May 16, 2015 – Caribbean News Now

david_jessop.jpg

David Jessop

Across the Caribbean there is a pervasive view that the Anglophone part of the region needs to find a new pathway to development, and a fresh narrative about its future. The sense is that the regional integration process has failed, and there is an absence of leadership, vision and implementation.

The conference, which could be viewed online, brought together figures from academia, the private sector, civil society, and government to debate the future of the region by encouraging participants to think differently, even disruptively.As Professor Andy Knight, the director of the University of the West Indies’ (UWI) Institute of International Relations at its St Augustine campus so succinctly put it at the recent Forum on the Future of the Caribbean in Trinidad: “There is a hunger across the Caribbean region for change in the way we think of ourselves, the way in which we interact with one another and the way in which we are governed.” Continue reading

US$12.8M drug contract to NEW GPC…This is nothing but ‘kick-down-the-door banditry’

US$12.8M drug contract to NEW GPC…This is nothing but ‘kick-down-the-door banditry’

New GPC owner,  Bobby Ramroop

New GPC owner, Bobby Ramroop

– “Shows how “evil, corrupt, greedy and ruthless” PPP/C can be,” Ramjattan, Greenidge

A Partnership for National Unity plus Alliance For Change (APNU+AFC), has lashed out, once again, at the government for granting billions of dollars in sole sourced drug contracts to New GPC.

For the coalition, the alarming development was that on May 8, last, New GPC uplifted  the entire billion-dollar cheque (US 12.8M) for a recent drug contract awarded to that company.
That was the last working day before General and Regional elections. The payment arrangement was also contrary to all the country’s procurement procedures.
Traditionally, 25 per cent of the contract is paid up front.    Continue reading

Why China’s slowdown matters – BBC World Service

Why China’s slowdown matters

Trinidad – economy and elections- commentary

Trinidad – economy and elections

trinidad_and_tobago_map

Trinidad & Tobago

Stabroek News- Editorial – Wednesday May 6, 2015

As Trinidad & Tobago moves into election mode (the last elections were held on May 26th 2010), Prime Minister Kamla Persad Bissessar’s government seems to have been surprised by the most recent survey of the economy by the international agency Moody’s (as reported in this newspaper last week) which has downgraded the country’s credit rating from stable to negative.

The agency has been extremely critical of the government’s recent financial policies, suggesting that it has not taken the opportunity of relatively good economic and financial times particularly to focus on an effective fiscal strategy, and to make decisive efforts to diversify the economy beyond its traditional dependence on oil and gas. Continue reading

APNU+AFC blasts BaiShanLin for failure to honor promises to Guyana + videos

APNU+AFC blasts BaiShanLin for failure to honor promises to Guyana

May 5, 2015 | By | – As furor against Chinese company continues to rise
APNU+AFC  Dr. Rupert Roopnaraine

APNU+AFC Dr. Rupert Roopnaraine

A Partnership for National Unity plus Alliance for Change (APNU+AFC)’s Dr. Rupert Roopnaraine and Khemraj Ramjattan have both condemned the alarming rate at which concessions are being handed to BaiShanLin.

They say that this is being done at the expense of local businessmen. They also point to the company’s failure to honour its commitments to provide Guyanese employment.

These issues recently came to the fore with the revelations of the large tax concessions granted to the Chinese-owned company. BaiShanLin has been under scrutiny for its large scale extraction and export of Guyana’s timber using a primarily Chinese workforce.

Continue reading

The female Kenyan brewer taking on a global drinks giant

The female Kenyan brewer taking on a global drinks giant

Paul Hellyer on UFOs and clean energy economy to solve world problems + videos

Former Canadian defence minister urges governments to come clean on UFOs

ufoCARIBBEAN360  – ONTARIO, Canada, Thursday April 30, 2015 – Against the backdrop of several recently reported UFO sightings worldwide, a former Canadian defence minister Paul Hellyer has accused world leaders of concealing the evidence of UFOs (Unidentified Flying Objects) and the presence of aliens on earth.

Delivering the keynote speech during the Disclosure Canada Tour at the University of Calgary, Hellyer told a 400-strong crowd that “much of the media won’t touch it.

“So you just have to keep working away and hope that someday you get a critical mass, and they will say, in one way or another, ‘Mr. President or Mr. Prime Minister we want the truth and we want it now because it affects our lives,’” he continued.

Continue reading

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