
If all goes according to plan, Guyana will see the development of a US$1.4 billion real estate project along the Mahaica River in anticipation of expatriate and remigrant demand based on the country’s soon-to-be-realised oil wealth.
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In a press release yesterday, Construction and Investment Management Group (CIMGRO), headed by two Guyanese businessmen, Ragindra Persaud (www.nandpersaud.com) and Sudama Ramalingum of New Trend Auto announced that construction would begin on the Maraiko Bay Golf & Country Club; the first of two Championship PGA-standard golf courses. This construction is being billed as Phase I of Maraiko Bay, a 1,000-plus-acre US$1.4B oceanfront megaproject. Continue reading →
COVID-19: Thousands of people in Caribbean to be affected by tourism cuts — ILO Report
An aerial view of Nassau, Bahamas
The International Labour Organization (ILO) is warning that almost half a million Caribbean tourism workers face the prospect of decent work deficits in the form of job losses, reductions in working hours, and loss of incomes, while the worsening of working conditions and the move to informal employment appear as a concrete possibility.
In a new publication titled “Tourism sector in the English- and Dutch-speaking Caribbean: An overview and the impact of COVID-19 on growth and employment,” the ILO describes as significant and far-reaching the reduction in the Caribbean tourism industry workforce due to the coronavirus (COVID-19) pandemic.
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