GEORGETOWN, Guyana, Thursday May
23, 2019 – The Philippines’
new Ambassador to Guyana, Marichu Mauro, says her government will be looking at
possible investments in the Caribbean Community (CARICOM) nation’s sugar and
her letter of credence to President David Granger yesterday, she explained that
the move is part of her government’s efforts to improve bilateral relations
with Guyana, especially in the area of investments.
Philippines’ sugar producers will look at possible investments in the Skeldon
Sugar Estate. This is something we can further explore….My Government admires
Guyana’s expertise in hydro electrical technology and its ability to include
local communities and other stakeholders in its development. So, we are very
interested in pursuing a corporation project in hydroelectric and hydropower
technology with Guyana,” Ambassador Mauro said.
that a company in the Philippines, International Container Terminal Services,
has also expressed interest in investing in Guyana.
it would be successful in establishing another connection between the two
countries,” the diplomat said.
affairs, the Ambassador said her government looks forward to working closely
with Guyana in achieving the countries’ common aspiration and shared interest
through our cooperation within the United Nations (UN) and the Non-Aligned
David Granger said Guyana is grateful for the expertise of the more than 100
Filipinos working in Guyana, in a wide range of fields including education,
forestry and health. He also looks forward to continued cooperation with the
country, particularly in the areas of agriculture, commerce, environment,
fisheries and marine development.
added that the countries share a common interest in the peaceful settlement of
disputes and in ensuring respect for settled territorial and maritime
and the Philippines have founded their relations on the bases of mutual respect
for each other’s territorial integrity and sovereignty, mutual non-interference
in each other’s internal affairs, cooperation for mutual benefit, respect for
treaties and international law and the maintenance of regional peace and
security,” the President said.
Diplomatic relations between the Philippines and Guyana were established in September 2008.
Construction of 603-Room Ramada in St Kitts on Schedule for September Opening
BASSETERRE, St Kitts, Thursday July 18, 2019 – Hotel development company Caribbean
Galaxy Real Estate Corporation says construction of the second phase of the Ramada
Hotel in White Gate is proceeding rapidly and the facility is on track for its
September grand opening.
Phase II of
the project is increasing the size of the hotel from 273 to 603 rooms. The
completed facility will comprise 19 structures housing a luxury clubhouse,
garden villas, spa villas, condos, a swimming pool, a state-of-the-art gym, and
a spa. In addition, there will be a restaurant, pavilions and a water park.
Dr Timothy Harris said the number of people employed in the twin-island
federation will significantly increase as the hotel is staffed for its opening.
He said the spin-off activities generated by the new Ramada Hotel are expected to open up opportunities for tour guides, taxi operators, dining establishments, craft vendors and shops.
At the recent Caribbean Investment Summit, the Prime Minister said investment agents from countries around the world were “amazed at the high-quality infrastructure on St. Kitts and Nevis and the progress being made on major projects in the Federation.”
CARICOM Commission On the Economy Re-Established
BRIDGETOWN, Barbados, Thursday July 18, 2019 – CARICOM has re-established a
CARICOM Commission on the Economy, with Special Envoy to the Prime Minister of
Barbados on Investment and Financial Services, Professor Avinash Persaud,
returning as its chairman.
Ambassador to CARICOM, David Comissiong said that Professor Persaud presented
an interim report at the recent 40th Regular Conference of CARICOM Heads of
Government in St Lucia, that gave broad outlines on how the commission
identified the problems facing the region, and what solutions they believed
were appropriate for economic development.
Persaud was very clear that we now have to pursue a people-centred
developmental model, where the emphasis will have to be on education, skills
and innovation. He was very clear that we have to take concrete measures to
solve the problems of intra-regional transport, [and] freight, as well as
people. And the fundamental thinking of the commission is that we have to
create greater access,” he said.
he used, or the central word was…’access for our people’. Our people must have
enhanced access to financial resources; enhanced access to the banking system,
to education, to training, to health services; [and] access to every
citizen. We must now, in going forward,
pursue a people-centric developmental model
based around the idea that we must enhance access of the individual
citizen to education, to entrepreneurial [and] financing opportunities; access
in ownership of wealth, [and] access in every dimension.”
is expected to report in six months, with a fully fleshed out action plan based
on those broad principles.
Last year, CARICOM Heads of Government reconstituted a high-level commission on the economy led by Professor Persaud of Barbados, comprising experts with regional and international reputations to help CARICOM craft a new economic developmental strategy, and to break the syndrome of low growth and economic stagnation that many member states have been experiencing since the onset of the global economic crisis in 2008.
Unemployment Down in Jamaica | Caribbean360
KINGSTON, Jamaica, Thursday July 18, 2019 – The Statistical Institute of
Jamaica (STATIN) is reporting further reduction in the unemployment rate to a
new record low of 7.8 per cent.
2019 Labour Force Survey said the figure is two percentage points lower than
the 9.8 per cent recorded for the corresponding period last year, and 0.2 per
cent lower than the out-turn for January.
General, Carol Coy, said the number of unemployed persons as at April fell by
25,900 or 19.7 per cent to 105,900, relative to 2018.
She was speaking at STATIN’s quarterly briefing yesterday.
Coy said the
male unemployment rate declined by 1.8 percentage points to 5.5 per cent, while
the corresponding figure for females fell by 2.1 percentage points to 10.6 per
“The number of
unemployed males decreased by 13,000 to 39,900 in April 2019. Over the same
period, the number of unemployed females was 65,600; this was a decline of
12,900,” the Director General outlined.
she said the unemployment rate for youth, aged 14 to 24, fell by 6.4 percentage
points from 25.9 per cent in April 2018, to 19.5 per cent this year
unemployment rate for male youth declined by 6.4 percentage points to 14.5 per
cent, while the rate for female youth declined by 6.6 percentage points to 25.8
per cent,” Coy said.
out that the overall employed labour force increased by 29,900 persons or 2.5
per cent to 1,244,500, over the 1,214,600 for April 2018.
indicated that the number of employed males rose by 18,200 persons to 691,500,
while the number of females in jobs increased by 11,700 to 553,000.
labour force increased to 1,349,900 persons, which is 4,000 more than 2018.
the number of males qualifying for jobs rose by 5,200 persons to 731,400, while
the corresponding figure for females decreased by 1,200 to 618,500 in April
advised that 736,900 persons were classified as being outside the labour force
in April 2019.
The number was 4,800 or 0.7 per cent fewer than the outturn in April 2018, and was predominantly males.
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