Christopher Ram

Christopher Ram

The rise of inequality

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.

The Travails of the NIS

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.

China and Guyana

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.

Soul for sale

Business Page

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.

Soul for Sale – Part 3

Business page

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.

Soul for sale

Business Page

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.

Soul for sale: The Marriott saga Part 1

Business page

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.

The tragedy of NICIL: Act 2 Final

Business Page

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.

Twenty years later

Business Page

Conclusion Today I return to and conclude the topic started on December 16, 2012 to mark the 20 year anniversary of Business Page.

The tragedy of NICIL – Act 1

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. 

Twenty years later – Part 2

Christopher Ram - Business page

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.

Clico and immunity

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.

Things we have not noticed

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.

Obama and the fiscal cliff

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.