Tag Archives: Suriname

Venezuela’s Changing Relationship With CARICOM – By David Jessop

Venezuela’s Changing Relationship With CARICOM – By David Jessop

Maduro at UN

News Americas, LONDON, England, Tues. Nov. 10, 2015: As with so much in politics it is often what is not seen, said or fully understood that drives events. This is particularly so in the case of Venezuela’s changing relationship with the countries of CARICOM.

In recent months Caracas has been deepening its sub-regional relations and has escalated its border dispute with Guyana. It has also encouraged CARICOM to be less than emphatic in its support for Georgetown’s position.

At the same time, it has been moving rapidly to consolidate its relationship with, in particular, the OECS, Trinidad and Suriname by offering increased levels of support or investments, largely through its concessional PetroCaribe oil and development assistance programs.  Continue reading

Maduro or Guyana? Caricom’s choice – By Mark Wilson – commentary

Maduro or Guyana? Caricom’s choice

By Mark Wilson  – Trinidad Guardian – Published: – Sunday, October 25, 2015

“Could be a second Angola,” an ExxonMobil source last week told Upstream magazine. That’s Guyana’s offshore oil discovery. Angola produces close to two million barrels a day, around the same as Nigeria. 

In August, T&T was producing 75,000 barrels.

ExxonMobil announced its Liza-1 oil find in May. Then they moved fast.

They’re talking a 2018 start-up with 60,000 barrels, ramping up quickly to three times that amount. They will use a floating production storage and offloading vessel, with no time-consuming onshore infrastructure.

ExxonMobil plans four wells offshore Guyana next year. That will cost perhaps US$800 million.   Continue reading

GUY$42 billion worth of gold smuggled in four months; several visas revoked – updates added

GUY$42 billion worth of gold smuggled in four months; several visas revoked

Wednesday, 26 August 2015. Demerara Waves

Guyanese and United States (US) authorities have uncovered a money laundering and gold smuggling racket that has so far fleeced the country of more than US$200 million (GUY$42 billion) worth of the precious metal over a four-month period.

Top officials of the Guyana government said a number of Guyanese gold exporters have been smuggling out huge quantities of gold  from Guyana and on arriving in the US have been declaring them as “scrap gold” which do not attract duties in that country.
Continue reading

ISIS – A moment for Caribbean Reflection – By David Jessop

ISIS – A moment for Caribbean Reflection


By David Jessop

 News Americas, LONG ISLAND, NY, Tues. Oct. 21, 2014:  Four weeks ago, this column urged the Caribbean to begin to think the unthinkable. It suggested that there are some individuals whose values are not those of the vast majority and who mean harm to those who live in the region or who visit.

That column pointed out that the world is now entering a new and dangerous phase in which fanatics are prepared to act across borders in any way that might damage those they believe they are at war with, or against those who do not believe their extreme interpretation of a religion that encourages selfless and peaceful universal values.  Continue reading

United States slams Guyana’s efforts to curb human trafficking

United States slams Guyana’s efforts to curb human trafficking


GEORGETOWN, Guyana, Monday June 23, 2014, CMC – The United States government has again listed Guyana among countries not doing enough to curb trafficking in persons, and suggested it was an unwilling partner in the effort.

“Guyana is a source and destination country for men, women, and children subjected to sex trafficking and forced labor. Guyanese and foreign women and girls—including from Venezuela, Suriname, and Brazil—are subjected to prostitution in Guyana,” the June 2014 Trafficking in Persons (TIP) report said.

This latest report, again labeling Guyana a human trafficking nation, was released Friday (June 20) and so far there has been no comment from Government. Continue reading

Gold smuggling…Industry calls for tighter border checks

Gold smuggling…Industry calls for tighter border checks

JUNE 12, 2014 | BY  | – dealer buys the most, declares the least

Stakeholders of the gold industry are calling for tighter border controls amidst claims of smuggling to Suriname.

Stakeholders of the gold industry are calling for tighter border controls amidst claims of smuggling to Suriname.

Stakeholders in the gold mining sector yesterday called on Government to tighten security at the country’s borders, including those with neighbouring Suriname, amidst shocking reports of a large-scale smuggling operation.

At the centre of the allegations is a dealer from the North Georgetown area who is being accused of buying hundreds of millions of dollars in gold from miners and instead of declaring it to authorities, which would attract a mandatory seven per cent tax and royalty charge, reportedly opted to sell it in Suriname.

Continue reading

Ports, the Panama Canal and the Future

Ports, Panama and the Future

Panama Canal

In 2015, ships will be transiting an enlarged Panama Canal.

By David Jessop

News Americas, LONDON, England, Mon. Feb. 24, 2014:

In the last few years, almost every significant Caribbean country has announced that they are upgrading their port facilities and preparing to compete to attract the larger Post-Panamax vessels that from some time in 2015 will be transiting an enlarged Panama Canal.

Such is the opportunity, given the Caribbean’s strategic location at the cross roads of north-south and east-west trade, and its numerous existing or new locations for deepwater ports, that Jamaica, Martinique, Cuba, Trinidad, the Bahamas and the Dominican Republic have all made clear that with the support of one or another foreign investor, port development will become critical to future growth. However, what is still far from certain is whether there is enough opportunity for all of the existing or proposed super ports, hubs, and manufacturing and trans-shipment zones to succeed.   Continue reading

World Bank ranks Guyana second poorest in Caricom- per capita

On basis of per capita income…World Bank ranks Guyana second poorest in Caricom

DECEMBER 30, 2013 · – Stabroek News  · Stabroek News COMMENTS

With a Gross National Income (GNI) of just US$3, 410 per capita, the World Bank in its 2014 World Development Report rated Guyana among the least wealthy in CARICOM.

This figure is in stark contrast to that of Guyana’s fellow CARICOM country, The Bahamas, whose  GNI is recorded as US$21,280 per capita, making it the wealthiest CARICOM country.

According to the World Bank, Guyana is the second poorest country in Caricom but far ahead of Haiti, which has a GNI of US$760 per capita. “For 2012, the economy expanded by 3.7% down from 4.5% in 2011 and 4.4% in 2010.” The Bank however noted the economy’s expansion in 2013 which it attributed to increased activity in rice and gold production, as well as improvement in the manufacturing sector.   Continue reading

Top 6 countries that grew rich by enslaving black people



 October 27, 2013  –  By Atlanta Black Star staff

The United States of America

Enslaved Blacks picking cotton

Their unpaid labor created the fabulous wealth that is traded here (below).

Slavery transformed America into an economic power. The exploitation of Black people for free labor made the South the richest and most politically powerful region in the country. British demand for American cotton made the southern stretch of the Mississippi River the Silicon Valley of its era, boasting the single largest concentration of the nation’s millionaires.

But slavery was a national enterprise. Many firms on Wall Street, such as JPMorgan Chase, New York Life and now-defunct Lehman Brothers, made fortunes from investing in the slave trade, the most profitable economic activity in New York’s 350-year history. Slavery was so important to the city that New York was one of the most pro-slavery urban municipalities in the North.

England             Continue reading

We seem to have lost out again with the Brazilians – Tony Vieira

We seem to have lost out again with the Brazilians

JULY 11, 2013 | BY  |  LETTERS

Dear Editor,

We seem to have lost out again with the Brazilians. Since it’s July and we have not been told anything about the ultimatum given to us by them, to decide if we will partner with them in building a Hydroelectric dam, a deep water harbour and a proper highway to Brazil, by the end of June.

Numerous Brazilian delegations from all levels have approached this government in desperation to allow this development of both Guyana and Brazil to move forward, but they have gotten tired of asking this corrupt government to be their partners to do these projects which will benefit both countries, so they had given them an ultimatum, if by the end of June the PPP didn’t agree to the projects they would go to Suriname.   Continue reading


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