Guyana has made “satisfactory progress” in improving national competitiveness over the last three years, according to the National Competitiveness Strategy (NCS) Evaluation Report, 2011. According to the report, “The economic performance has had “an upward tick” in improvement of national competitiveness.” Guyana’s economy was noted to have continued to expand, with the gross domestic product (GDP) registering sustained growth over the period. Inflation also showed a decline from 8.1 per cent in 2008 to 3.8 per cent in 2010. The fiscal deficit, previously in double- digits, declined consistently from 4.7…
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GPL commissions new 15.6 megawatt power plant
The Guyana Power and Light Incorporated (GPL) on Tuesday commissioned its 15.6 megawatt Wärtsilä Power Plant extension at Kingston. The US$20M Wärtsilä generators are aimed at improving power generation and distribution to customers on the national grid. The simple commissioning ceremony saw President Bharrat Jagdeo unveiling a plaque at the Kingston plant. President Bharrat Jagdeo gave the feature address. He emphasised that it is imperative the power company meets the demand of the country, so as not to retard the expectations of citizens. He said it is important that the…
Read MoreGuyana’s tourism sector open for investments – Prashad
Tourism, Industry and Commerce Minister Manniram Prashad has said that the country’s tourism sector is open for investments, adding that continued cooperation from partners, and infrastructural developments that occurred over the years have laid the foundation for the expansion of the industry. “Guyana can be seen as the strategic and ideal place for investment opportunities,” Prashad said. At the time, he was speaking at a seminar on Cooperation in Tourism during the recently-concluded Third China-Caribbean Economic and Trade Cooperation Forum, held in Trinidad and Tobago. The seminar was themed “Development…
Read MoreMaathai’s deep desire for a better, fairer world shone through – Jagdeo
President Bharrat Jagdeo joined other world leaders on Monday, September 26 in mourning the passing of Kenyan Nobel laureate Professor Wangari Maathai. Professor Maathai passed away on Sunday after a lengthy battle with cancer. Professor Maathai won the Nobel Peace Prize in 2004 – the first African woman to receive this honour. In recent years, she played an increasingly important role in global efforts to address climate change, especially advocating for recognising the importance of protecting the world’s forests. In a message, Jagdeo said on his own behalf, and that…
Read MoreAPNU outlines strategy to U.S.-based Guyanese
Over the weekend, the presidential candidate of A Partnership for National Unity, (APNU) Brigadier (retired) David Granger, told Guyanese living in the USA that the coalition had a strategy to win the upcoming elections and bring change to Guyana. Speaking in three cities in Florida – Miami, Orlando and Fort Lauderdale – during a hectic weekend visit lasting from September 23 to 26, Granger explained APNU’s policy and strategy for victory at the forthcoming elections. Granger was accompanied by his wife Sandra, WPA Co-leader Dr Rupert Roopnaraine, and Campaign Director…
Read MoreJagdeo hailed as “an incomparable patriot”
By Ariana Gordon He is an incomparable patriot, and would be judged as one of the most influential and contemporary leaders the Caribbean has produced,” Professor Clement Sankat, former Pro-Vice Chancellor of the University of the West Indies (UWI), said as he reflected on the work and life of President Bharrat Jagdeo on Friday, September 16 at the Guyana National Stadium, Providence, East Bank Demerara. Sankat was one of the many speakers who joined the thousands in celebrating the presidency of Jagdeo at the historic Appreciation Day event, dubbed “A…
Read MoreLeadership crisis looms in AFC as Trotman returns
The Alliance For Change (AFC) party announced on Saturday that party leader Raphael Trotman is its new prime ministerial candidate, assuming that responsibility in wake of Sheila Holder’s health complications. The decision was arrived at following a meeting of party executives. The only other nominee, Cathy Hughes, withdrew her nomination. According to Trotman, his “clean bill of health” was a pivotal reason for his return to the campaign trail. Previously, the co- founder of the AFC had stated that he would not be contesting another election. “Last October, I was…
Read MoreAPNU to revamp education system, protect Amerindian culture, if elected
Modernising the economy, creating worthwhile jobs, revamping the education system, and protecting Amerindian culture are all part of A Partnership for National Unity’s planned economic reforms, if it gets into government. Revealing its economic policy at its secretariat on Regent Street on Monday, September 19, APNU said its policy will see the establishment of a “modern economy” which combines skill- intensive with natural, resource-based development. Reading from a prepared statement, Carl Greenidge, a member of APNU’s Policy and Manifesto Committee, said that the economic policy primarily targeted the vulnerable, particularly…
Read MoreGuyana, China sign Gy$940M grant for projects
–Jagdeo urges Caribbean leaders to pursue partial scope agreement with China Guyana and China have inked a Gy$940 million (30 million yuan) grant agreement that would see funding for several projects which are yet to be decided on. Finance Minister Dr. Ashni Singh signed the agreement on behalf of Guyana, while Minister of Commerce of China, Chen Deming, signed on behalf of his country. The signing took place at the Business Conference of the Third China-Caribbean Economic and Trade Cooperation Forum, held in Port-of-Spain, Trinidad and Tobago on September 12…
Read MoreUS$7.5M laptop contract signed
China grant to buy another 21,000 units By Janelle Persaud The first set of 27,000 laptops under the One Laptop Per Family (OLPF) project is expected to be available for distribution in the last week of October. This announcement was made by President Bharrat Jagdeo on Wednesday, September 14 as he witnessed the signing of the contract with the Chinese company Haier Electronic Group Co Ltd at his office. The US$7.5 million contract was signed by the Permanent Secretary of the Office of the President, Nanda Gopaul, and Haier’s Overseas…
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