Category Archives: Economics/Finance

GUYANA: OIL: Who are the real owners of the Canje and Kaieteur Oil Blocks?

September 18, 2020 – 12:20 am

The nation must know:

Click to Enlarge map

 Sep 17, 2020  Front Page Comment, Kaieteur News 

We welcome United States Secretary of State, Michael Pompeo, to Guyana. We thank him for his role in ensuring that the democratic will of the people was respected in relation to the elections of 2nd March, 2020.

America stands for democracy and America stood by Guyana during the attempt to steal the elections and revert Guyana to a state of political dictatorship. For this, we are grateful!

America also stands for transparency and accountability in government. American companies should not be doing business in a country where deals are being kept secret. American companies should not be involved in investing in oil blocks, the owners of which are concealed from the public.

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Caribbean: Barbados to become a Republic in 2021

September 17, 2020 – 12:05 am

Barbados Nation Newspaper – 15 September 2020

errolbarrow

Barbados’ first prime minister, Errol Walton Barrow,

Barbados’ first prime minister, Errol Walton Barrow, cautioned against loitering on colonial premises. 

    • Barbados will become a Republic by next year.
This announcement was made by Governor General Dame Sandra Mason as she delivered the Throne Speech during the State Opening of Parliament at Lloyd Erskine Sandiford Centre, Two Mile Hill, St Michael on Tuesday.

“Barbados’ first prime minister, The Rt. Excellent Errol Walton Barrow, cautioned against loitering on colonial premises. That warning is as relevant today as it was in 1966.          Continue reading →

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USA POLITICS: Asian Americans’ political preferences have flipped from red to blue – BY: John A. Tures

September 16, 2020 – 7:01 am

Professor of Political Science, LaGrange College

– September 14, 2020. The Conversation

Asian Americans used to be a reliable Republican voting bloc. But long before Kamala Harris, who is Indian American and Black, became Joe Biden’s running mate, they shifted to support the Democratic Party. This is true across ages, genders and ethnic origins of Asian Americans – including Indian, Chinese, Filipino, Japanese, Korean, Vietnamese and Hmong.

As a political scientist, I’m not just interested in voting, but also in how groups change their party preferences. This subject of study, known as “critical elections,” looks at how political party fortunes change over time as a result of racial, religious or regional groups’ changing views.

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By guyaneseonline | Also posted in Personalities, Politics, Racial Conflict, USA Politics and Economy | Tagged , , , , , , , | Comments (1)

DEMOGRAPHICS: The Implications of an Aging Population – Infographics by Visual Capitalist

September 15, 2020 – 12:05 am

The Demographic Debacle

The world is experiencing a seismic demographic shift—and no country is immune to the consequences.

While increasing life expectancy and declining birth rates are considered major achievements in modern science and healthcare, they will have a significant impact on future generations.

Today’s graphic relies on OECD data to demonstrate how the old-age to working-age ratio will change by 2060, highlighting some of the world’s fastest aging countries.        Continue reading →

By guyaneseonline | Also posted in Business, Education, Governance, International News, Personalities, Technology | Tagged , , | Comments (1)

GUYANA: SUGAR: The Skeldon factory and its reopening by the PPP Government

September 12, 2020 – 12:20 am

Skeldon Factory

By – EDITORIAL

In keeping with one of its major manifesto promises, the PPP/C government is moving ahead with plans to reopen the East Demerara, Rose Hall and Skeldon estates.  As part of this process, there have been visits to the various estates by the new Minister of Agriculture, Zulfikar Mustapha and officials of the government holding company, the National Industrial and Commercial Investments Limited.

The hasty closure of these estates in addition to the one at Wales and the callous retrenching of 7,000 workers will remain one of the major blunders of the APNU+AFC administration. It was not as if  APNU+AFC should not have taken steps to rationalise the sugar industry. There were clearly good grounds to make a critical examination of the industry and embark on consolidation and transformation considering the vast losses that were being registered and the bailouts this required.  Continue reading →
By guyaneseonline | Also posted in Agriculture, Business, Government, Guyana, Personalities, Politics | Tagged , , , , , , | Comments (2)

BUSINESS: The ripple effects of closed office buildings – Toronto featured here – BBC

September 10, 2020 – 12:04 am

By Hilary George-Parkin7th September 2020 – BBC News

With workers doing their jobs at home, the business ecosystems around office towers are taking a hit – maybe even a fatal blow.
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PHOTO: The underground network of shops along Toronto’s PATH are suffering as foot traffic from the office buildings above has all but disappeared (Credit: Hilary George-Parkin)

13:00 is usually the peak of the lunch rush in the passageways beneath Brookfield Place in downtown Toronto. On a Thursday in August, though, the food court sat mostly empty, save for a smattering of workers, a lone security guard who ambled past the still-shuttered Starbucks and signs telling visitors to maintain physical distancing (though from whom it wasn’t clear).  Continue reading →

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GUYANA SUGAR: The Future of the Sugar Industry – Published May 8. 2017

September 6, 2020 – 12:15 am
This paper was presented in the Guyana Parliament on May 8, 2017. It gives a detailed analysis of the production and economics of GUYSUCO’s operations and why some of the sugar estates had to be closed by the APNU_AFC government. Since 2017, the Government has subsidized GUYSUCO even further but production is now at its lowest ever. The company has also been hindered by equipment problems, some 50 strikes in the last 3 years, sabotage, corruption, theft and ineffective management. 
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Published May 8, 2017 – Ministry of Agriculture – Government of Guyana (APNU-AFC)

State Paper  on the Future of the Sugar Industry presented to the National Assembly by The Hon. Noel L. Holder, MP.  Minister of Agriculture

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Guyana Sugar: Reopening sugar estates would be throwing money away – Dominic Gaskin

September 5, 2020 – 12:56 am

 Sep 04, 2020  News – By Shikema Dey

Dominic Gaskin

 –  says former Business Minister – Dominic Gaskin

President Irfaan Ali recently announced that the new People’s Progressive Party Civic (PPP/C) administration has begun the process of reopening three of the four sugar estates that were shut down by the previous APNU+AFC coalition government.

Such a move would require a proper plan or else it would be an utter waste of taxpayers funds. That was the opinion shared by former Business Minister, Dominic Gaskin.

“If you reopen them without any sort of plan, that would be madness. It would be just throwing taxpayers money down the drain and putting at risk our future oil revenues,” he told Kaieteur News, during an exclusive interview.      Continue reading →

By guyaneseonline | Also posted in Agriculture, Business, Government, Guyana | Tagged , , | Comments (7)

Guyana: COVID-19:Curfew back to 6 PM to 6 AM; as positive cases; deaths increase to 41

September 1, 2020 – 12:10 am

— takes effect from September 1 and ends on September 30, 2020

DEMERARA WAVES – in Business, Health, News August 31, 2020 – by Samuel Sukhnandan

Dr. Frank Anthony

Two weeks after relaxing the daily curfew time by two hours, the government has now decided to revert to implementing the old curfew from 6 P.M. to 6 A.M, as the coronavirus death toll increased to 41.

This new measure takes effect from September 1 and ends on September 30, 2020, according to the order published in the official gazette on Monday by Health Minister Dr. Frank Anthony.

About 400 others have been isolated, with just over one dozen in the Intensive Care Unit.          Continue reading →

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Guyana: Geography: Highland or Forest Region – Part 3 of 4

September 1, 2020 – 12:02 am

A Documentary by Lal Balkaran  – Part 3 of 4

It is the third of a four-part documentary on the Geography of Guyana in text and pictures that focusses on the third natural region known as the Highland or Forest Region. It is close to 24 minutes of viewing and consists of over 200 lines of text, almost 70 photographs, some of which are indeed stunning and taken by the author himself, and eight maps. The documentary profiles and captures the way to look at this region – both physical, political, economic, cultural, and human.

Included in the documentary are photos of the forest itself, major waterfalls, mountains, rivers, minerals, and the 547-km Georgetown-Lethem Road.

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