While US President Barack Obama may have intended his remarks about inequality in the USA he could have been speaking of anywhere when he said, “over the last few decades, the rungs on the ladder of opportunity have grown farther and farther apart, and the middle class has shrunk.” That widening inequality is often the result of the choices governments make in how they allocate resources, their perception of reality and their own personal circumstances.
Repetitive though it might be, we just cannot afford to ignore the state and prospects of the National Insurance Scheme as it continues some of the toughest challenges it has faced in its 44 years history.
There is a certain uneasiness if not fear about the increasing prominence and self-assurance about the rapid growth of the Chinese not only in Guyana but in the rest of the Caribbean and very particularly Africa.
The Budget contained several of the proposals made to the Minister by the Private Sector Commission.
Introduction I take these words not from Dr. Roger Luncheon who used it around the time of the Agricola protests but from the American boxing announcer who trademarked it.
Conclusion Introduction Well, Mr Brassington has done it again. Like he did to me over the Berbice River Bridge Company, he wanted me to hold back a column while he committed NIS money to the Berbice Bridge.
Introduction Earlier this week I sent to Mr Winston Brassington, the head of Atlantic Hotel Inc, (AHI) the company financing the construction of the hotel complex a number of questions dealing mainly with the construction phase.
Part 2 Introduction In the first part of this article I wrote that I did not see a copy of the final contract between Atlantic Hotel Inc (AHI) and SCG International (Trinidad and Tobago) Limited (SCG/the contractor) for the construction of the Kingston hotel property financed by the Government of Guyana, owned by AHI and proposed to be managed by and operated under the name of Marriott, the international hotel chain.
Introduction The so-called Marriott Hotel, a scheme conceived by former President Bharrat Jagdeo − after one of his friends failed in his bid to buy the Guyana Pegasus – blessed by Mr Jagdeo’s successor President Ramotar, facilitated by Dr Ashni Singh, his Finance Minister and Chairman of National Industrial and Commercial Investments Limited (NICIL), executed by Mr Winston Brassington, NICIL’s CEO, and defended by political heavyweights like Drs Luncheon and Gopaul, puts in the shade the questionable transactions undertaken in the name of the people of Guyana since 1992.
Introduction The quotation taken from a judgment of US Supreme Court Judge Wiley Blount Rutledge is as true today as when it was handed down in a case nearly seventy years ago.
I have always been perplexed why companies in Guyana consistently ignore one of the most important considerations among their shareholders.
Introduction Today I return to the article on NICIL (National Industrial & Commercial Investment Ltd) which I started two weeks ago but which I interrupted to conclude my 20th anniversary piece on the banking system.
Conclusion Today I return to and conclude the topic started on December 16, 2012 to mark the 20 year anniversary of Business Page.
Introduction If NICIL – the National Industrial & Commercial Investments Limited – was a play, it would be one that challenges Othello and King Lear for the dubious distinction of saddest tragedy ever written.
Introduction It is that dreaded time of the year when columnists are expected to look into and engage in attempts to predict the future.
Correction, addition and appreciation In last week’s column I stated as the year in which the Government of Guyana took over the assets, liabilities and operations of the Royal Bank of Canada as 1994.
Introduction Perhaps it is the constant stream of news coming out of Trinidad about Commissions of Enquiry, referring files to the Director of Public Prosecution or about police investigations in that country.
Conclusion Introduction This week I continue to raise questions on matters we may not have noticed in areas of public finance and management in Guyana.
Following, but not as a result of last week’s column addressing the parlous state to which Cabinet Secretary Dr Roger Luncheon has brought the National Insurance Scheme, I had two very interesting conversations, one with a business leader and the other with an MP.
Introduction Dr Roger Luncheon, Chairman of the National Insurance Scheme (NIS) and chief spokesperson for the Government is denying the reality of the parlous state of the NIS.
Introduction Proving that true honeymoons are for first timers only, President Barack Obama returned the morning after the night before to his office/home at the White House and was immediately confronted with some of the immediate challenges he would face the second time round.
Introduction Last Thursday, President Donald Ramotar swore in Mr Deodat Sharma as the country’s Auditor General.
Introduction The 2011 Auditor General’s report is the earliest since 1993. It is also among the poorest in terms of quality and content.
Introduction The 1986 lifting of the four and a half years ban on the importation into Guyana of wheaten flour was of national significance in our economic history.