Category Archives: finance and trade

China foreign minister to visit Guyana and Suriname on September 21-22. 2018

Chinese Foreign Minister, Wang Yi. Photo: Wikimedia

By Ray Chickrie
Caribbean News Now contributor – 17 September 2018

GEORGETOWN, Guyana — Georgetown is once again re-emerging as the diplomatic capital of the Caribbean Community (CARICOM) and will welcome a high level visit from the foreign minister of China, Wang Yi and a large delegation to Guyana this weekend, September 21-22.

Wang Yi will also pay a visit to neighbouring Suriname, where a large Chinese diaspora exists.                 Continue reading

BCOCCA: 3rd Annual Caribbean Cultural Expo – Burnaby BC. Canada – September 29. 2018

Download Flyer: BCOCCA 3rd Cultural Expo


UK’s Influence falters in Africa. China moves in with $60B Development Funding (2 articles)

While the British media dined out on Theresa May’s Africa trip last week, Africans are still reeling from the reporting. Sky News captioned Uhuru Kenyatta as “president of Africa”, while the BBC gave the title he should have had, “president of Kenya”, to his rival, Raila Odinga.       Continue reading

Guyana’s Oil Wealth Distribution: Articles by Lincoln Lewis and David Hinds

Financial Problems Facing Many Today – TED talk by Elizabeth White

An honest look at the personal finance crisis

In this surprising talk, Elizabeth White opens up about a problem few people are willing to talk about: personal finances.

Millions of baby boomers like her are moving into their senior years with empty pockets, and right behind them is a younger generation facing the same challenges. Join this honest conversation about financial trouble: how to face it, and how to survive it.

The Guyana Revenue Authority was designed to be corrupt – GRA Chairman Lucas

GRA was designed to be corrupt – Lucas

…says network of skullduggery “very wide and thick”

In the past two years, the Guyana Revenue Authority (GRA) has been dismantling several networks of corruption within its fold. But these discoveries come as no surprise to Chairman of the GRA Board of Directors, Rawle Lucas.
Under the guidance of its previous management, the economist is convinced that the revenue authority was modeled to be corrupt.

In his interview with Kaieteur News yesterday afternoon, Lucas said, “I am not surprised at the levels of corruption we continue to unearth. We are dealing with a system that has been in place for a number of years and which was designed or modeled in my view, to be corrupt.”

“Corruption was rampant primarily because those who were there before were not interested in revenue collection for the government for the people of Guyana. They might have been interested in revenue collection for themselves because that is the kind of things that we continue to find, that is what it appears to be.”     Continue reading

America escalates trade war with China – By Rosaliene Bacchus

Three Worlds One Vision

China Shipping Line at the Port of Los Angeles - California

China Shipping Line at the Port of Los Angeles – California – USA
Photo Credit: Reuters/Lucy Nicholson

America’s trade war with China is now official. On July 6th, the US Trade Representative (USTR) announced that an additional 818 Chinese goods, amounting to approximately $34 billion, now face a 25 percent import tax on arrival at US ports. Goods affected include Chinese-made vehicles, aircraft, boats, engines, and heavy equipment. Check the USTR website for the complete list.

“We must take strong defensive actions to protect America’s leadership in technology and innovation against the unprecedented threat posed by China’s theft of our intellectual property, the forced transfer of American technology, and its cyber-attacks on our computer networks,” said US Trade Representative Robert Lighthizer on June 15th.  “China’s government is aggressively working to undermine America’s high-tech industries and our economic leadership through unfair trade practices and industrial policies…”

In retaliation, China…

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Guyana: ExxonMobil reconfirms March 2020 for first barrel of oil production

Guyana: ExxonMobil reconfirms March 2020 for first barrel of oil production

Vice President of ExxonMobil Development Company, Lisa Walters presents a model oil barrel to Minister of Natural Resources, Raphael Trotman.

ExxonMobil on Tuesday June 12, 2018 reconfirmed that Guyana will pump up its first barrel of oil in March 2020, even as the Guyana government continued to fend off criticisms of the 2016 production sharing agreement.

Vice President of ExxonMobil Development Company, Lisa Walters said work was well advanced by several companies in Singapore, Brazil and the United States Gulf Coast to ensure that commercial oil production begins in less than two years. “We are on track for first oil in March of 2020,” she said. “In just a little over a year and a half, the Liza Destiny will deliver its first oil to its first tanker offshore,” she added.     Continue reading

Talking China with Rashleigh Jackson – By Verian Mentis-Barker – Podcast on Xpress Blogg


As China’s presence in Guyana remains on the rise and an enigma to many, we sought to chat with the Honorable Mr. Rashleigh Jackson, one of the first members of the British Guiana’s Foreign Corps under, then, Premier Forbes Burnham and subsequent icon of the country’s diplomatic community, to get his understanding of the nature of the relationship established with that country from the early days..

The Xpress Blogg Podcast takes a researched look at the current state of Politics in Guyana.


Guyana: Looking at the impact of ExxonMobil – By Adam Harris

Looking at the impact of ExxonMobil – By Adam Harris

Guyana has been a poor country for a long time, although to look at and to talk to the people, you would believe that Guyanese are like everyone else. Indeed, we find money to enjoy ourselves and we dress to emulate those who live in the affluent countries.

There are those of us who feel that life should be better if only we could get better pay. We seek to work with companies that pay better than others because we value our labour.

However, we still have the problem of people refusing to take certain jobs regardless of their qualification. It goes without saying that many are not qualified for the jobs they want, but to them that is not important.    Continue reading

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