The Philippines Eyeing Investments in Guyana’s Sugar and Energy Sectors

President David Granger being greeted by the new Philippine Ambassador to Guyana, Marichu Mauro.

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
energy sectors.

Presenting
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.

“The
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.

She added
that a company in the Philippines, International Container Terminal Services,
has also expressed interest in investing in Guyana.

“We hope
it would be successful in establishing another connection between the two
countries,” the diplomat said.

On multilateral
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
Movement.

President
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.

Granger
added that the countries share a common interest in the peaceful settlement of
disputes and in ensuring respect for settled territorial and maritime
boundaries.

“Guyana
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.

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