Category Archives: Economics/Finance

Brazil to defend Guyana against any Venezuela invasion

Brazil to defend Guyana against any Venezuela invasion

The defence teams from Guyana (L) and Brazil meeting in Georgetown

GEORGETOWN, Guyana — As events take shape beneath the surface of the border dispute between Venezuela and Guyana, on February 7, Brazilian President Michel Temer sent a high level delegation to Guyana and Suriname to pledge military support to defend Guyana in case Venezuela attempted to invade the disputed Essequibo area.    Continue reading

Unpaid Black Labor Built the United States | #CreateBlackHistory


Unpaid Black Labor Built the United States | #CreateBlackHistory

We built these damn things…Be informed. … The other side of the story.

Shell made mistake by pulling out of Guyana’s oil basin

Shell made mistake by pulling out of Guyana basin

By Bert Wilkinson – Caribbean Life News

Now that Guyana’s oil and gas basin has been deemed as one of the hottest and most exciting prospects in the world, Shell Oil has to be regretting its decision to withdraw as an investment partner with United States giant ExxonMobil, which has so far drilled six successful wells offshore Guyana worth about 3.2 billion barrels of oil, officials said Monday, Jan. 29.  Continue reading

America First Actually Means China First – by Dilip Hiro, Tomgram

America First Actually Means China First – Tomgram: Dilip Hiro

China: President Xi’ Jinping

He took a remarkable star turn at Davos — and, no, I don’t mean President Trump.  I was thinking about Chinese President Xi Jinping in 2017, when he claimed the title of globalist-in-chief in a highly praised speech to the world’s assembled CEOs and plutocrats.  He was then promoting a “community of shared future for mankind” versus you-know-who’s America First policies!  In the process, he won admirers galore.    Continue reading

Medicinal cannabis (Marijuana) industries established in Jamaica and St. Vincent

Jamaican Business to Produce Cannabis-Based Medicinals


Medicinal cannabis

KINGSTON, Jamaica, Thursday February 1, 2018 – A Jamaican manufacturing company has entered a joint venture with US-based biotechnology company United Cannabis Corporation (UCANN) and Cannabinoid Research and its local subsidiary company, Cannabinoid Research and Development Company Limited (CRD), to produce cannabis-infused water and other cannabis-based products.     Continue reading

The Reparations Debate – By Dr. Dhanpaul Narine

The Reparations Debate – By Dr. Dhanpaul Narine

Who should benefi t from reparations? The answer is that anyone that was forcibly displaced by colonialism has the right to argue for redress. They include those from the African continent, from Asia, Europe, and the native peoples. This means that Blacks, Indians, Chinese, Portuguese, poor whites and Amerindians have a valid claim for reparations.

Eric Williams said that a man in a coffin had more room than those in a slave ship. The history is familiar. Slavery was inhumane, brutal and nasty. When the ‘door of no return’ was opened millions of Africans were transplanted to other countries. Their entry shaped the demography, economy and culture of America and the West Indies.      Continue reading

Going After Tax Defaulters Is Paying Off For Guyana Revenue Authority

Going After Tax Defaulters Is Paying Off For Guyana Revenue Authority

GORGETOWN, Guyana, Friday January 26, 2018 – The Guyana Revenue Authority (GRA) has reported a 14 per cent increase in its revenue collection for 2017 – an estimated GYD$20 billion (US$96.5 million) more than what it had garnered at the end of 2016.

The tax revenue body raked in around GYD$170 billion (US$821 million), and according to Commissioner General Godfrey Statia, the collection of new taxes and going after tax defaulters significantly contributed to this success.     Continue reading

Guyana Revenue Authority (GRA) discovers many frauds and schemes

GRA’s Commissioner-General, Godfrey Statia, and his senior officials during the press conference on Friday at the Camp Street headquarters.

Guyana Revenue Authority (GRA) drops hammer on questionable vehicle auctions

GRA yanks licences of several private Customs warehouses

The frauds at the Guyana Revenue Authority (GRA) over the years have been many with all kinds of schemes discovered.

As a result, the state would have lost, overtime, billions of dollars in revenues from especially import duties.

From under-invoicing to imports being listed under the wrong codes to reduce the quantity of taxes due, GRA have been uncovering them, one by one.     Continue reading

Guyana- Guerrilla/gorilla warfare in the PPP – By Freddie Kissoon

Guyana- Guerrilla/gorilla warfare in the PPP – By Freddie Kissoon

Kaieteur News –  27 January 2017

Maybe there are persons in Guyana who do not know the connection of Bharrat Jagdeo to the newspaper owned by Bobby Ramroop. Kaieteur News on several occasions has openly stated that Mr. Jagdeo is co-owner of the Guyana Times. I believe he is. Mr. Jagdeo then can place any distortion or mischief or propaganda or fake news or alternative facts or personal venom in the paper.

When there appears to be a news item in the Jagdeo/Ramroop newspaper attacking the President of GAWU, Komal Chand, the poisonous statements against Chand suggested that it was a hatchet job arranged by Jagdeo and others in the PPP. The reporting was opaque. For example, the newspaper said it interviewed several workers but there were no specific descriptions – names of sugar workers, estates visited.    Continue reading

Guyana: Jagdeo slams GAWU President’s position on sugar talks with govt + Video

Jagdeo slams GAWU President’s position on sugar talks with govt

Komal Chand – GAWU

General Secretary of the opposition People’s Progressive Party (PPP), Bharrat Jagdeo on Saturday publicly rejected positive statements by the President of the Guyana Agricultural and General Workers Union (GAWU), Komal Chand about talks with President David Granger.

While Jagdeo insisted that the PPP “has no rift” with GAWU, he appeared to send a strong signal that he would not mind the now aged Chand and other union elders removed. “We will support the union there. You have a lot of good, strong, young, bright leaders of GAWU who will have a great future in building that union and keeping it relevant,” he said.     Continue reading

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