Daily Archives: January 2, 2014

Guyana’s Sugar Industry – GuySuCo in deep financial crisis

GuySuCo in deep financial crisis

 JANUARY 1, 2014 | KNEWS | – owes creditors $10.5B

“No turnaround unless industry fixes agri problems” – GAWU warns

Government, this year, will be scrambling to find solutions for the country’s sugar industry as production fell to an embarrassing 23-year low in 2013.  [President Donald Ramotar is pictured at right]

Production at the eight estates in Berbice and Demerara closed on December 21, the last day of grinding, at a dismal 186,807 tonnes. This was below the 190,000-tonne figure that had been targeted and which had been revised again and again from the original 260,000 tonnes at the beginning of the year. The situation has now left the Guyana Sugar Corporation (GuySuCo) owing banks and suppliers in excess of $10.5B, union officials confirmed yesterday.
Last month, the National Assembly approved a $4B bailout to help pay its 16,000-plus workers and meet other critical expenditure.

However, according to Seepaul Narine, General Secretary of the Guyana Agricultural and General Workers Union (GAWU), the largest sugar workers’ union, the $4B will not be enough.

Once the ‘sweet king’, earning the hog’s share of foreign exchange, sugar has slid to third, behind gold and rice.  gold and rice Continue reading

Guyana: Striving to build a united country – Commentary

Striving to build a united country

Sluice construction at Hope Canal project

Sluice construction at Hope Canal project


At this time of the year we make resolutions because we all decide that we would be better than we were last year. At midnight, many of us would have made wishes with or without those whom we consider our life partners, or with close family members and friends. And of course, those resolutions and wishes are often not too extravagant.

Given the challenges we encountered at different times of the past year, not least among them the garbage crisis and being blacklisted by the international financial regulators, we also hope for better times. Some of us would simply hope that we live through the year.

The economic prospects are still relatively uncertain, given the modest levels of foreign investment and the apparent cutbacks by the international donor community. But the New Year offers something for each of us. One of the things the country can look forward to much-touted canal at Hope/Dochfour [read more], something that has been on the cards for longer than the authorities would have anticipated.    Continue reading

Educating the Heart and Mind – Sir Ken Robinson

Sir Ken Robinson – Educating the Heart and Mind

http://www.dalailamacenter.org     Sir Ken Robinson speaks during the Dalai Lama Center’s Educating the Heart Series. He discusses the importance of an education that educates not just the mind, but also the heart

Colorado Legalizes Marijuana Sales, Dispensaries Now Open

Colorado Legalizes Recreational Marijuana Sales, Dispensaries Open Their Doors on New Year’s Day

MarijuanaBy Ashley Curtin – NationofChange News Report – January 2, 2014.

While the world celebrated the New Year, marijuana businesses in Colorado celebrated as they opened their doors to a regulated marijuana market for adults. Yesterday marked the historical and legal sale of recreational marijuana to adults 21 years of age and older. Colorado not only became the first state to legalize the sale of marijuana to select dispensaries, the state’s government was the first to “control and regulate a legal recreational marijuana industry” in the world.

Amendment 64, which legalized the sale of recreational marijuana, was approved by Colorado voters in 2012 and the state worked quickly to “implement the laws allowing approved marijuana businesses to open on New Year’s Day,” according to The Huffington Post. Continue reading