Tag Archives: economy

OIL: Greenidge, WPA executive members clash on direct cash transfers; AFC supports it

David Hinds (left) and Carl Greenidge.

Former Foreign Minister Carl Greenidge has confirmed that the Guyana government does not favour direct cash transfers into the hands of ordinary Guyanese on the grounds that it will encourage unemployment, a position that was roundly rejected by Chairman of the Buxton First of August Movement (FAM-Buxton), Professor David Hinds.        Continue reading

Barbados wants to rear Blackbelly sheep in Guyana, Suriname

Barbados Blackbelly Sheep

Government is exploring the possibility of rearing Barbados Blackbelly sheep in CARICOM’s two largest member states, Suriname and Guyana, as top civil servants prepare for a mission to South America next week.

Paramaribo and Georgetown have offered land to Barbadian farmers for sheep rearing, said Minister of Agriculture and Food Security Indar Weir.

“We are sending out a team now to look at Suriname and then Guyana to make sure we have a suitable arrangement and type of land that we can raise the blackbelly sheep in Suriname and possibly Guyana.        Continue reading

Guyana – OIL: First Lady commissions ExxonMobil’s first FPSO for Guyana

First Lady Sandra Granger on Saturday 23rd June 2019, commissioned the ‘Liza Destiny’, the first in a series of Floating Production Storage and Offloading (FPSO) vessels for ExxonMobil Guyana at the Keppel Shipyard in Singapore.

The vessel will depart Singapore in July and is expected to arrive in Guyana in September to prepare for the commencement of oil production for the Liza Phase 1 project in the Stabroek Block by the first quarter of 2020.

Mrs. Granger was accompanied by Director of the Department of Energy, Dr. Mark Bynoe.    Continue reading

China Accelerates Into the Future, Racing Past America with its “New Silk Road”

China Accelerates Into the Future, Racing Past America

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China  promoting  New Silk Road and the Maritime Silk Road

A role reversal has occurred in this world as China is quickly surpassing the US in the innovative and economic world. With its increasing wealth, China is expanding its existence throughout the world.

In times past the common belief, especially in the minds of many Americans, was that China was a kind of primitive, backward country, one ruled with an iron fist by stodgy old leaders; that it was a country that found it very difficult to adjust to the modern-day world. At the same time, the U.S. was viewed as the leader of the world, creative, innovative, and visionary.   Continue reading

FORWARD – Barack Obama on his achievements since 2008

FORWARD – A Barack Obama video on the challenges America faced

Published on Apr 30, 2012 by BarackObamadotcom

Join the Team: https://my.barackobama.com/forwardvid

The video outlines the challenges America faced as President Obama took office at the height of the worst recession in almost a century and details the progress that has been made reclaiming the security of the middle class and building an economy that’s meant to last, where hard work pays and responsibility is rewarded.

Guyana’s 46th Independence Anniversary Celebrations

I am committed to working with those who are interested – President Ramotar
– tells packed National Park at 46th Independence Anniversary

Georgetown, GINA, May 26, 2012

President Donald Ramotar this evening stated that he is committed to working with all those who are interested in moving the country forward; noting that Guyanese would like to see all stakeholders working together, which was a dream at independence and today is a major national aspiration.
He said Guyana can achieve the great potential that is often spoken about with political will and trust, and noted that while the 2011 National elections have created new challenges to all the leaders, it is a time to show maturity and to put the interest of the country and people ahead of narrow self-interests.

President Donald Ramotar inspecting the Guard of Honour during Guyana’s 46th Independence Anniversary Celebration in the National Park

“No matter what side of the political divide we are on, let us remember that 46 years ago we assumed the responsibility for our own development… This great responsibility which we all carry must never be forgotten,” he urged.     Continue reading

Where are businesses in Caribbean business?

Where are businesses in Caribbean business?
By Sir Ronald Sanders
Published in Caribbean News Now     

The countries of the Caribbean Community and Common Market (CARICOM), with the exception of Guyana and Suriname, are each experiencing severe decline in their economies. The small Leeward and Windward Islands are worst affected, and so too is Barbados.

sanders.jpg
Sir Ronald Sanders is a 
business executive and 
former Caribbean diplomat
who publishes widely 
on small states in the global 
community. Reponses to: 
www.sirronaldsanders.com

Governments are struggling to find ways in which to spur economic activity that could produce growth. Meanwhile, unemployment and poverty are growing. Unemployment is highest amongst the youth, making for an alarming situation.

Presenting a lecture to students of the University of the West Indies recently, I received the greatest applause and nods of approval, when I lamented the fact that there were now many graduates of the University who were unable to find jobs that correspond to their level of qualifications, if they could find any jobs at all.

In this regard, many Caribbean countries are like pressure cookers, waiting to explode. Only migration and remittances from family abroad are easing the pressure. But, even these valves are not sufficient to relieve discontent completely. Continue reading

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