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NASSAU, BAHAMAS — Abaco’s gross domestic product increased by $20 million year-over-year, reflecting its ongoing recovery despite the severe setbacks caused by Hurricane Dorian...

Guyana is an investors’ paradise – President Ali tells Caribbean Investment Forum Jul 11, 2024 News President Irfaan Ali Kaieteur News – The third installment of the Caribbean Investment Forum (CIF) on Wednesday opened at the Arthur Chung Conference Centre, Georgetown with Guyana’s Head of State, President Irfaan Ali charging delegates to take advantage of the plethora of opportunities and incentives offered locally. In describing the investors’ paradise existing in Guyana, the President told a packed to capacity conference hall that his country is open to investment. “Guyana is open to investment and has a very friendly investment environment. Guyana offers generous and favourable fiscal investment incentives. Guyana is an open foreign currency market, low inflation and a stable financial system,” the Head of State noted. Further to that, he added, “Investors are permitted to unbridled repatriation of their profits.” Still focused on convincing investors, Ali pointed out that Guyana recently launched a Single Window Building platform to allow for swift approval of construction permits. He explained, “The system was bureaucratic, it had leakages, it was too subjected to human biases and human interference and we decided that we are going to work on a single window approval system. Two weeks ago we launched the single window approval system that is system based, that is rule based and that holds stakeholders accountable.” The President was keen to note that if technicians failed to give responses within a specified timeline the project will automatically be deemed approved. Turning his attention to the investment opportunities that await in Guyana, the President said, “In every single sector, we have outlined for you the investment opportunities that exists here in Guyana…energy, wind, hydro, solar, waste to energy operations, agriculture, forestry, manufacturing, mining, services, tourism, housing.” The President admitted that there are challenges which must be confronted but strategies are being developed to overcome these. Also delivering remarks during the opening of the three-day Caribbean Investment Forum were Director of the Caribbean Export Development Agency, Dr. Damie Sinanan, Secretary General of the Caribbean Community (CARICOM), Dr. Carla Barnett, the  European Union’s Ambassador to Guyana, Rene van Nes and Head of Private Sector, Caribbean Development Bank, Lisa Harding. For his part, Dr. Sinanan explained that the conference symbolizes a remarkable shift in the Region’s collective approach to securing the vital investments required for economic development and diversification of the respective countries. He was keen to note, “The Caribbean is ripe for investment opportunities across the various sectors and the forum provides the platform to enable various public and private stakeholders to meet and advance this cause.” Meanwhile, Dr. Barnette in brief remarks pointed to the need for investment in areas to address the Region’s vulnerabilities, specifically with regard to climate change. “There is also room for investment in technology adoption mechanisms, business information and capacity building platforms, infrastructure development and innovations  projects and whether it is agriculture and food and nutrition security, green economy transition or digitalization of business, there is great scope for increasing the participation of women and youth in new investment projects,” she urged. This year’s three-day Caribbean Investment Forum is being hosted under the theme ‘Transforming Futures, Empowering Growth’. The conference will wind down on Friday following intense sessions on investment opportunities in the Region. This year’s forum will focus on three investment sectors – sustainable agriculture, green economy transition and digitalisation of businesses. Related Similar Articles

GECOM has no authority to remove Dr. Asha Kissoon from National Assembly Jul 11, 2024 News Leader of The New Movement party, Dr. Asha Kissoon Kaieteur News – The Guyana Elections Commission (GECOM) on Wednesday made it clear that it has no authority to remove the leader of The New Movement Party (TNM) Dr. Asha Kissoon from the National Assembly. In a statement, GECOM in response to a letter published in the Wednesday July 10, 2024 edition of the Stabroek News headlined, “What is Asha Kissoon still doing in Parliament?” said, “In light of the most recent newspaper publication, it must be categorically stated that GECOM has absolutely no authority to remove Dr. Asha Kissoon from the National Assembly. “Article 156 of the Constitution of Guyana stipulates the conditions under which a Member of Parliament can be removed from the National Assembly and there is clearly no role for GECOM in this regard,” GECOM stated. Further, the Commission said too that the matter is “actively being discussed at the level of the Commission and the outcome will be publicized upon conclusion of the discussions.” In March, A New and United Guyana (ANUG) accused Dr. Kissoon of the New Liberty Movement (TNM) of refusing to give up her parliamentary seat as agreed to in a Memorandum of Understanding among ANUG, TNM and The Liberty and Justice Party (LJP) on March 2, 2020. In a statement issued to the media, ANUG said that Dr. Kissoon should have relinquished her seat in Parliament on behalf of her party since November 2023 in keeping with the MoU she signed. “Dr. Asha Kissoon duly assumed the seat in Parliament on behalf of TNM. If she intended to honour the commitment made by her in the Memorandum of Understanding, Dr. Kissoon should have resigned that seat in November 2023.” ANUG reminded that the three parties agreed to merge the votes earned by them which was sufficient to take a seat in the National Assembly and to share occupation of the said seat in proportion to the votes they each secured. “The result of the election was that LJP and ANUG, each with more than 2200 votes, would occupy the single seat won by the merger for the majority of the time, while TNM, with 244 votes, was entitled to occupy the seat for 91 days,” the statement said. Notwithstanding, GECOM said that it has taken note of the public statements on the subject and reminded that it will continue to execute its constitutional mandate within the framework of the law. Related Similar Articles

Six-year-old boy shot in head in Charlestown Jul 11, 2024 News …admitted to GPHC in ‘serious condition’ Kaieteur News – A 6-year-old boy was on Tuesday shot in the head and is in a serious condition at the Georgetown Public Hospital Corporation (GPHC). The child was shot while standing with his 39-year-old mother at her food stall located on the eastern side of Charles Street, Charlestown, Georgetown. Reports are that the incident occurred at about 19:45h. At that time, a man who was riding a black motorcycle approached the stall with a gun in his hand. The rider reportedly fired four rounds in the direction of ‘Crab’, a man who was standing next to the mother and her child. ‘Crab’ immediately fled the scene as the gunshots were discharged but the child was struck. He fell on the ground and was subsequently picked up by his mother and rushed to the hospital. Meanwhile, police discovered two 9mm shells at the scene. Efforts are being made to locate ‘Crab’ and the suspect as investigations continue. Related Similar Articles