Category Archives: Chinese investment in Guyana

China: The New Silk Road, Part 1: From China to Pakistan | DW Documentary Video

12/07/2021 – 12:03 am

China: The New Silk Road, Part 1: From China to Pakistan | DW Documentary – 3,488,357 views – Jul 20, 2019

The New Silk Road is a mammoth project intended to connect China with the West. It’s a gigantic infrastructure project that Beijing says will benefit everyone. But this two-part documentary shows China’s predominant self-interest and geopolitical ambitions. The old Silk Road is a legend, whereas the New Silk Road is a real megaproject. China wants to reconnect the world though a network of roads, railways, ports and airports between Asia and Europe. A team of reporters travels by sea and land along the New Silk Road and shows how China, with the largest investment program in history, is expanding its influence worldwide.      Continue reading →

By guyaneseonline | Also posted in Business, Personalities, Politics, Transportation, USA Politics and Economy, War and conflict | Tagged , , | Comments (0)

Guyana: Infrastructure Projects: The Chinese are Coming – Opinion

11/10/2021 – 5:53 am

Kaieteur News – Nov 05, 2021 Editorial

The Chinese are coming with more and more strength in more places. Chinese companies are heading the pack for such juicy projects as the New Demerara Bridge, and the revived Amaila Falls Project, with more big multimillion projects most likely in the works. We make clear where we stand with Chinese companies coming here to do business.

We have serious problems with how the Chinese company responsible for the Cheddi Jagan International Airport Expansion Project has delivered on its obligations. We are upset that it has been allowed to get away with the equivalent of contract murder, and then top it all off by insulting us. This has been done through more delays, more cost overruns, and more lame excuses. Government after government, and their respective ministers in charge of the airport project, have been pushed around, run over, and made fools of, without qualm or hesitation by officials of the Chinese company awarded the contract to modernise our international airport.      Continue reading →

By guyaneseonline | Also posted in alternate energy, Business, Commentary, crime and Investigations, Economics/Finance, Guyana, Guyana infrastructure, Guyana Parliament, International News, Personalities, Politics | Tagged , , , , | Comments (0)

Guyana: ‘Govt.’s borrowing binge will hurt Guyana’ – says former Finance Minister Jordan

11/09/2021 – 1:05 am

 …raises red flag over technocrat signing loan request to China instead of Finance Minister

Nov 08, 2021 –Kaieteur News – Former Finance Minister Winston Jordan, has expressed grave concerns over Guyana’s borrowing spree and he also questioned the legality of a letter sent to the Chinese ambassador regarding a loan request of US$1.5B, which he said was signed by a finance ministry official instead of the subject minister who according to Section 58(1) of the Fiscal Management and Accountability Act 2003 (FMAA), has the sole authority to borrow on behalf of the Government of Guyana.

In a letter to the editor of this newspaper, Jordan said that he had begun to hear rumours, around March, about the government’s approach to China for loans totalling US$1.5 billion, to finance various infrastructure projects.        Continue reading →

By guyaneseonline | Also posted in Business, Commentary, finance and trade, foreign investment, Government, Guyana, Guyana infrastructure, History, Personalities, Politics | Tagged , , , , , , | Comments (2)

Guyana: The GHK Lall Column – The news this week – positive and negative

10/31/2021 – 12:25 am

Deputy Speaker and appointments, D’Urban Park fire station HQ, fish and shrimp production, Exxon and Yellowtail, Malaysians and local logging,

Kaieteur News – Oct 31, 2021 Features / Columnists, — The GHK Lall Column 

The news is almost all disturbing this week. I worked overtime to find positives. Deputy Speaker of Guyana’s Parliament, the Hon. Lenox Shuman, is finding his voice, shaking off the rust; I am delighted for him. Mr. Shuman has called on the President to finalise the appointments of Chancellor of the Judiciary and Chief Justice, along with those of Commissioner of Police and Chief of Staff of the Guyana Defence Force.

It is a sound call from the Deputy Speaker, one that is overdue. Looking closely at these four crucial positions, it is easy to discern that the first three are overseers of law, peace, and security nationally, while the fourth is of the maintenance of order at our borders.          Continue reading →

By guyaneseonline | Also posted in Business, Commentary, foreign investment, Government, Guyana, Personalities, Politics | Tagged , , , , , , , | Comments (1)

Guyana: Chinese companies bidding for New Harbour Bridge were blacklisted by World Bank for corrupt practices

10/25/2021 – 3:10 pm

Oct 25, 2021- Kaieteur News

The Chinese companies which are the lone bidders vying for the contract to design and build the New Demerara Harbour Bridge, a project which falls under the Ministry of Public Works, were once blacklisted by the World Bank for corrupt practices.

New Demerara Harbour Bridge – below the existing bridge —  looking North

Continue reading →

By guyaneseonline | Also posted in Business, Economics/Finance, Government, graft and corruption, Guyana, Guyana infrastructure, Personalities, Politics | Tagged , , , , | Comments (12)

Guyana SPEAKS Event – Chinese in Guyana – ZOOM Meeting – September 26. 2021

09/15/2021 – 12:03 am

Our Chinese Heritage: From Indenture to Present-Day Guyana

EVENT TIME: Sunday, 26th September at 3pm BST / 10am GYT & EDT / 11am ADT.

Please join us for a Guyana SPEAKS event reflecting on the Chinese in Guyana.  It takes place on Sunday, 26th September at 3pm BST / 10am GYT & EDT / 11am ADT.  Our distinguished speakers are: Trev Sue-A-Quan, Dr Laura Hall and Stanley Ming.  They will be covering the period of Chinese indentureship, the fascinating story of Jacob Fung-A-Pan and Abigail Yung She, and talking about the last 30 years of in-migration from China. 

Join Zoom Meeting                Continue reading →

By guyaneseonline | Also posted in Arts / Culture, Associations, colonialism, Commentary, Education, Emigration/Immigration, Guyana, History, Personalities | Tagged , , , , , , , | Comments (0)

POLITICS: How Chinese Financing is Fueling Megaprojects Around the World

05/09/2021 – 12:09 am
 By
How Chinese Financing is Fueling Megaprojects Around the World

View the full-size version of this infographic. – 0r CLICK PHOTO

How Chinese Financing is Fueling the World’s Megaprojects

On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city.

Aside from the striking design, there’s another unique twist to this development — the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China’s $270 billion in “diplomacy spending” since 2000.          Continue reading →

By guyaneseonline | Also posted in Business, Commentary, Economics/Finance, finance and trade, foreign investment, Government, International News, Latin America, Politics | Tagged , , , , , , , | Comments (5)

Pompeo: US wants to grow Guyana; says China’s money comes with strings

09/19/2020 – 1:30 am

 Sep 19, 2020  News– By Kemol King

  • Don’t spread fake news  – Chinese Embassy

US State Secretary, Michael Pompeo yesterday said that China’s investments come with strings, but that the US brings Foreign Direct Investment (FDI) that is clean, drawing the ire of the Chinese Embassy in Guyana, which urged Pompeo not to spread fakes news.

US Secretary of State, Mike Pompeo

“The United States model is to build out on the best things of your country,” He said. “We’ll show up, we’ll bring capital, we’ll bring resources, we’ll often bring technological capabilities that are much needed to develop resources, develop infrastructure for your country, but we don’t do so with political strings tied to them. We don’t operate the way other regimes do, who might show up with money and then demand political retribution, or worse yet, engage in activity that is corrupt.”          Continue reading →

By guyaneseonline | Also posted in Business, Government, Guyana, Personalities, Politics, Technology | Tagged , , , | Comments (14)

OPINION: Canadian company walks away with US$238M; now we begging for US$100M loan to build a bridge

09/01/2020 – 12:20 am

Demerara Harbour Bridge – built 1970

 Aug 30, 2020  Kaieteur News – Opinion

Foreign investors, wherever they go, do so for two main reasons: to enrich the host country so that the people can benefit; and to enrich themselves. However, in Guyana, foreign investors behave like scavengers, raping our wealth and leaving us dry, pale and penniless and with wounds which would never heal.

Guyana Goldfields is a prime example. A group of Canadians came here and set up shop. Our government handed them huge swathes of prime mining lands and they enjoyed duty and tax-free concessions galore to the tune of billions. in Guyana dollars.  Continue reading →

By guyaneseonline | Also posted in Business, Commentary, foreign investment, gold mining, Government, Guyana, Guyana infrastructure | Tagged , , , | Comments (19)
%d bloggers like this: