Category Archives: Chinese investment in Guyana

GUYANA: US$260M contract signed for new Demerara River Bridge

05/27/2022 – 12:12 am

May 26, 2022 Kaieteur News – By Alliyah Allicock

Kaieteur News – Following some five months of negotiations with China Railway Construction Corporation (CRCC) and its partners, the Government of Guyana through the Ministry of Public Works on Wednesday signed the contract for the construction of a new US$260 million Demerara River Bridge (DRB).

A 3D model of the new Demerara Harbour Bridge which was released earlier this year.

The project which was awarded to CRCC and its partners China Railway Caribbean Company Limited and China Railway Engineering Bureau Group Company Limited will see the construction of a modern four-lane structure linking Region Three and Four.               Continue reading →

By guyaneseonline | Also posted in Economics/Finance, foreign investment, Government, Guyana, Guyana infrastructure, Personalities | Tagged , , , , , | Comments (0)

GUYANA: Gold and Other Mining: ‘Large-scale thievery coming’ – Opinion by Glenn Lall

05/16/2022 – 12:06 am

Glenn Lall

May 15, 2022 – Kaieteur News – Opinion by Glenn Lall

– mega gold firms spell more doom for Guyana
– country has little to show for Omai, Troy Resources, RUSAL investments

Government’s announcement that three large scale gold firms are poised to set up shops here is cold comfort to Guyanese who continue to be short-changed by foreign investors, businessman and Publisher of the Kaieteur News, Glenn Lall has said.

Meanwhile, even as Dr. Singh spoke about the benefits from these possible new gold mining operations he did not disclose the names of the firms and Mr. Lall believes something is sinister in this move. “Three more larger than Omai companies coming soon. He did not name them nor did he tell us where they are coming from or what the deal is. All he said, Guyana will benefit [with slice bread money]. When a leader could tell you consider the food and other supplies, transport services and 1,000 people who gon get jobs, in which a company will fetch out billions in US dollars from we backyard, speaks of the tragedy that they are creating for us.”            Continue reading →

By guyaneseonline | Also posted in Business, Commentary, Economics/Finance, foreign investment, gold mining, Government, Guyana, Personalities, Politics, Russian Investment in Guyana | Tagged , , , , , , , , , , , , , | Comments (0)

WORLD– The Emerging Global Food Shortage That Should Chill You – 20 Facts – video

04/08/2022 – 1:00 am

Epic Economist – April 07, 2022.

A global food shortage of catastrophic proportions has already begun, and things are only going to get worse from this point on.

The information we’re about to expose might be hard to digest, but we would like to encourage you to share this message with everyone you care for so that people can prepare for what is coming. Everybody deserves to know what is truly going on, and they deserve an opportunity to get ready before this crisis gets out of control.          Continue reading →

By guyaneseonline | Also posted in Business, Commentary, Economics/Finance, Energy- Oil and Gas, finance and trade, International News, Transportation, USA Politics and Economy, War and conflict, World Politics and Economy | Tagged , , , , , | Comments (3)

GUYANA: Think of That: Let’s talk about it – By Mosa Telford

03/01/2022 – 7:29 am
By February 12, 2022

The hashtag #guyanaisnotarealplace is a coping mechanism. Humour often replaces the disappointment and hopelessness we feel when certain shocking events occur. Instead of being publicly critical, some would rather hide behind fake social media profiles or engage in gossip with their family and friends. ‘Talk name’ or ‘su-suing’ is a part of our culture. But recently we learned that ‘Su’ can not only be hyphenated to mean a Ponzi scheme called ‘su-su’, but ‘Su’ could also be a Chinese whistleblower.

A journalist from Vice News interviewed Vice President Bharrat Jagdeo and questions were raised about corruption involving bribery. It was alleged that the Vice President has accepted bribes from Chinese businesses so they can secure contracts in Guyana. Of course, these allegations were denied. It is expected that accusations of corruption will always be denied until there is evidence to prove otherwise.             Continue reading →
By guyaneseonline | Also posted in Business, Commentary, Government, graft and corruption, Guyana, legal | Tagged , , , , , | Comments (1)

GUYANA: VP Bharrat Jagdeo denies taking bribes from Chinese companies

02/09/2022 – 12:09 am

Also read: PNC Leader Norton to Jagdeo: ‘Match your earnings with your assets’

By: Denis Chabrol in Demerara Waves – Tuesday, 8 February 2022.

V.P Bharrat Jagdeo

Vice President Bharrat Jagdeo has rejected claims of kickbacks to facilitate Chinese investors doing business in Guyana.

In an interview with the United States-headquartered Vice News that was posted on his Facebook page, he admits that he helps people but he denies that he takes bribes. “I help people out but doesn’t mean for consideration. It does not  mean for bribe because I believe that we have a mission to help as many as possible move forward in Guyana,” he said.

He admits that he knows a gentleman whose name is Mr. Su who is his friend and his tenant but said that he is lying on him if he told the reporter those allegations.      Continue reading →

By guyaneseonline | Also posted in Business, crime and Investigations, foreign investment, graft and corruption, Guyana, Personalities, Politics | Tagged , , , , , | Comments (6)

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)
%d bloggers like this: