Tag Archives: Vice President Bharrat Jagdeo

GUYANA: Failed Government Projects – Accountability and Controls Required — Opinion

04/23/2022 – 12:06 am

Stabroek News Editorial

By April 22, 2022

In a recent column in this newspaper former Auditor General Anand Goolsarran drew attention to three major projects which had been financed by China’s Exim Bank and which he described as having failed. As a result the nation was left with significant debt. A fourth failed project to which he adverted had been funded by the Exim Bank of India. All of these ventures intended to develop the country had been embarked on when the PPP/C was previously in office.

The one which is often cited by critics as the classic case of a white elephant is the Skeldon sugar factory, the inspiration of Vice President Bharrat Jagdeo when he was head of state. It was intended as part of the Skeldon Sugar Modernisation Project which encompassed enlarged areas under cane, a refinery and co-generation of electricity for the national grid, estimated at a total cost of US$165 million.

Continue reading →

By guyaneseonline | Posted in Business, Economics/Finance, Government, Guyana, Guyana infrastructure, History, Personalities, Philosophy, Politics | Also tagged , , , , , , , | Comments (3)

GUYANA: Govt. to now secure oil spill insurance from ExxonMobil – VP Jagdeo

03/26/2022 – 2:00 pm

— Govt. finally buckles under pressure of two year protest  …to now secure insurance from ExxonMobil for any Stabroek Block oil spill

March 26 – Kaieteur News – After two years of protest from citizens for full liability insurance coverage from oil giant ExxonMobil, in the unfortunate event of an oil spill in the country’s waters, Vice President Bharrat Jagdeo has finally come on record to assure that his administration is now working with the parent company to secure such guarantee. Jagdeo made the revelation on Thursday March 24, during an interview with one of the government’s communications specialist, Eddie Layne.

Since the startup of its oil operations in December 2019, ExxonMobil has evaded demands to provide insurance coverage, and instead tied its subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) to providing this guarantee. It has been argued however that EEPGL, being a fairly new company, with assets worth only around US$5 billion, would not be able to effectively cover all costs associated with an oil spill in Guyana, should such an adverse event occur.        Continue reading →

By guyaneseonline | Posted in Business, Disasters, Economics/Finance, Environment, Government, Guyana, legal, Oil Exploration, Personalities | Also tagged , , , | Comments (1)

GUYANA: OIL: Proper insurance coverage for oil spills – By GHK Lall

03/02/2022 – 12:06 am

GHK Lall

Encouraging Events, Disturbing Developments… By GHK Lall

Feb 27, 2022 – Kaieteur News – It has to be disturbing to all Guyanese that both Exxon and Guyanese leaders continue to play footsie with prioritising full coverage insurance in the event of a disastrous oil spill. This was what one of the newer civic groups, well named as “A Fair Deal for Guyana; a Fair Deal for the Planet” made the centerpiece of their fight to get more protection and a better deal for Guyana.

I agree with the group and support its members in what I see as a necessary struggle to give the peace of mind of much-needed protections. I salute them for their courage and public outspokenness before a stubborn and vindictive PPP/C Government. They understand the risks, I know them firsthand.        Continue reading →

By guyaneseonline | Posted in Business, Commentary, Disasters, Economics/Finance, Environment, Government, Guyana, Oil Exploration, Personalities, Politics | Also tagged , , | Comments (4)

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 | Posted in Business, Chinese investment in Guyana, Commentary, Government, graft and corruption, Guyana, legal | Also tagged , , , , | Comments (1)

GUYANA: PNCR Leader Aubrey Norton promises to scrap income tax

02/25/2022 – 12:09 am

By: Denis Chabrol in Demerara Waves –  23 February 2022.

Aubrey Norton

Leader of the People’s National Congress Reform (PNCR), Aubrey Norton on Wednesday promised that the opposition coalition would remove income tax if elected to government because Guyana is now an oil producer-exporter, in his message to mark Guyana’s 52nd Republic Anniversary.

“The PNCR wishes to make it clear that as your government-in-waiting, as part of the coalition, we will remove the burden of personal income tax from our people,” he said. Mr. Norton said the scrapping of the income tax was an “enduring obligation” to Guyanese “given the current favourable economic circumstances from oil and gas.”

In the 2022 National Budget, the government increased the income tax threshold to GY$75,000. (app $375US/month).      Continue reading →

By guyaneseonline | Posted in Business, Economics/Finance, Government, graft and corruption, Guyana, Oil Exploration, Personalities, Politics | Also tagged , , , , , | Comments (4)

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 | Posted in Business, Chinese investment in Guyana, crime and Investigations, foreign investment, graft and corruption, Guyana, Personalities, Politics | Also tagged , , , , | Comments (6)

GUYANA: Politics and Economy: The Glenn Lall Show | 5th Jan 2021 | Kaieteur Radio – Video

01/07/2022 – 1:33 am

VP Jagdeo and his side-kick Critic telling Glenn Lall about facts, figures and scientific analysis…

The Glenn Lall Show | 5th Jan 2021 | Kaieteur Radio

In this video Mr. Glenn Lall of Kaieteur News reacts to recent statements made by Vice President Bharrat Jagdeo regarding Glenn Lall’s criticism of various projects. Here Mr. Lall outlines the projects and financial arrangements that have been completed over the years and how they did not really benefit ordinary Guyanese. 

Listen to this show to get a list of the projects and secret contracts that he believes were not beneficial to Guyana.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By guyaneseonline | Posted in Business, Commentary, graft and corruption, Guyana, Guyana infrastructure, History, Oil Exploration, Personalities | Also tagged | Comments (0)

GUYANA: The Marriott Hotel was saved by the oil industry – Opinion

01/02/2022 – 12:09 am

Kaieteur News – Dec 29, 2021  Features / Columnists, Peeping Tom

Vice President, Bharrat Jagdeo would like us to believe that the controversies surrounding the financing and construction of the Marriott Hotel have evaporated simply because it is now established that the hotel is fully owned by the government. This is far from so. The construction of the Marriott Hotel continues to be mired in controversy. While it is true that the hotel is now fully owned by the government, this was not always the original plan.

When the APNU+AFC coalition government assumed office in 2015, it unearthed a number of disconcerting facts about the hotel. These concerns emerged from a forensic audit and review of the Marriott Hotel project.           Continue reading →

By guyaneseonline | Posted in Business, finance and trade, Government, Guyana, Guyana infrastructure, Personalities, Politics | Also tagged , , , | Comments (4)

GUYANA: OIL: Jagdeo, Norton at odds on reduced Natural Resource Fund oversight committee

12/28/2021 – 11:03 am

DEMERARA WAVES: By Denis Chabrol — Sunday, 26 December 2021 

Mr. Aubrey Norton Mr. Bharrat Jagdeo

Vice President Bharrat Jagdeo and Leader of the People’s National Congress Reform (PNCR), Aubrey Norton are odds over the proposed drastic reduction of a parliamentary oversight committee of Guyana’s oil earnings.

Mr. Norton said the 22-member broad-based Public Accountability and Oversight Committee provided for in the existing Natural Resource Fund Act represents many interests  to ensure that the oil revenues are not spent willy-nilly but in critical areas for Guyana’s development.          Continue reading →

By guyaneseonline | Posted in Economics/Finance, Government, Guyana, Oil Exploration, Personalities | Also tagged , , , , , | Comments (1)

GUYANA: Government to dominate NRF oil fund committees

12/18/2021 – 12:25 am
  • President, Minister to make all appointments
  • No place made for media, transparency groups

Pres. Irfaan Ali

Dec 17, 2021 – Kaieteur News – The amendments to the legislation governing the Natural Resource Fund (NRF) which were tabled on Thursday in the National Assembly by Finance Minister, Dr.Ashni Singh, propose that there be two key committees and a Board of Directors to preside over the management of the nation’s oil money.

Importantly, all of the members on these committees as well as the Board will be appointed by the President or his Minister responsible for natural resources.

As part of the governance structure for the NRF, the government proposes to establish a Board of Directors which shall comprise of not less than three and not more than five persons who shall be appointed by the President, and one of whom shall be appointed Chairperson by the President.        Continue reading →

By guyaneseonline | Posted in Business, Economics/Finance, Government, Guyana, Oil Exploration, Personalities, Politics | Also tagged , , , | Comments (5)
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