Excessive taxation, lack of investor confidence affecting economy – PSC tells visiting UK minister.

May 04, 2017 Source

Baroness Anelay (sixth from left) and her team meeting with PSC officials on Tuesday

The Private Sector Commission (PSC) met Tuesday with The Right Honourable Baroness Anelay, Minister of State of the Foreign and Commonwealth Office of the United Kingdom and Member of the UK House of Lords, who was paying a brief visit to Guyana.

She was accompanied by British High Commissioner Greg Quinn and other officials.

“The Private Sector Commission took the opportunity of discussing a number of issues of concern and of national interest. Discussions ranged from the potential impact of Brexit on the region to the help that Britain, and the other ABC countries, have rendered at election time in Guyana in successful bids to ensure that the elections were free and fair and free from fear,” PSC explained.

Also included was a discussion of the decline in the local economy which has been caused partly by a fall in commodity prices but exacerbated by excessive taxation and a lack of confidence on the part of investors.

“The State Assets Recovery Agency (SARA) Bill and its implications were also raised.

The Private Sector Commission also mentioned the uncertainty surrounding the fate of sugar and the need to have British help to maintain good governance in the country.  The issue of the Guyana/Venezuela border dispute was also raised and the Baroness expressed her Government’s total commitment to Guyana’s position, even displaying a map of Guyana that she supports.”  The Security Sector Reform programme was mentioned with the PSC, saying that it appreciates the assistance of the United Kingdom.

“The excitement of the discovery of oil and gas and the potential impact of cheap energy on the manufacturing sector was highlighted, as was Guyana’s commitment to renewable energy and the creation of a green economy.  The Chairman lauded the recent state visit of Guyana’s President, His Excellency David Granger, to Great Britain and expressed the hope that this would lead to new British investment flowing into Guyana.”

Django posted:

Excessive taxation, lack of investor confidence affecting economy – PSC tells visiting UK minister.

May 04, 2017 Source

Baroness Anelay (sixth from left) and her team meeting with PSC officials on Tuesday

The Private Sector Commission (PSC) met Tuesday with The Right Honourable Baroness Anelay, Minister of State of the Foreign and Commonwealth Office of the United Kingdom and Member of the UK House of Lords, who was paying a brief visit to Guyana.

She was accompanied by British High Commissioner Greg Quinn and other officials.

“The Private Sector Commission took the opportunity of discussing a number of issues of concern and of national interest. Discussions ranged from the potential impact of Brexit on the region to the help that Britain, and the other ABC countries, have rendered at election time in Guyana in successful bids to ensure that the elections were free and fair and free from fear,” PSC explained.

Also included was a discussion of the decline in the local economy which has been caused partly by a fall in commodity prices but exacerbated by excessive taxation and a lack of confidence on the part of investors.

“The State Assets Recovery Agency (SARA) Bill and its implications were also raised.

The Private Sector Commission also mentioned the uncertainty surrounding the fate of sugar and the need to have British help to maintain good governance in the country.  The issue of the Guyana/Venezuela border dispute was also raised and the Baroness expressed her Government’s total commitment to Guyana’s position, even displaying a map of Guyana that she supports.”  The Security Sector Reform programme was mentioned with the PSC, saying that it appreciates the assistance of the United Kingdom.

“The excitement of the discovery of oil and gas and the potential impact of cheap energy on the manufacturing sector was highlighted, as was Guyana’s commitment to renewable energy and the creation of a green economy.  The Chairman lauded the recent state visit of Guyana’s President, His Excellency David Granger, to Great Britain and expressed the hope that this would lead to new British investment flowing into Guyana.”

Why is the PSC telling this to the visiting UK Minister?  She doesn't give a rat's a$$,  and she shouldn't because the UK is not governing Guyana anymore.  Dem should go and complain to Papa Granger!!

Django posted:

Govt. not to be blamed for business slowdown.

…but needs to come up with urgent strategic plan – PSC Chairman

 May 04, 2017 Source

By Abena Rockcliffe-Campbell

Chairman, Eddie Boyer

The economy is in a real bad state and businesses are suffering, not one business has reported a boost. All members of the Private Sector Commission are complaining. There needs to be an urgent intervention. Those are the views reflected by Chairman of the Private Sector Commission, Eddie Boyer.

During a recent interview with Kaieteur News, Boyer said that while blame for the suffering of businesses in Guyana should not be laid at the feet of the government, it must know that it is time to develop a strategic plan.

“We need government to jump start certain things… to look at certain things.  We want the government to understand that there is a decline in the economy. I must commend the Minister of State (Joseph Harmon)… he admitted it, but it is now action time.”

Asked if he really thinks that there is something that the government can do at this time to arrest the economic downturn, Boyer’s response was “Absolutely”.

The businessman said, “First of all the government has to look in terms of what they giving businesses as incentives in a down economy. They have to start looking at those measures.”

He continued, “Government needs to engage the sectors, the manufacturers, the commercial businessmen etc., so that they can try to understand what they can do to arrest the decline. No one is blaming the government for specific declines, what we are saying is arrest the decline. Give this industry a help. All our exports that bring us foreign exchange, to add stability in the foreign exchange have declined. Where does that leave us? It means basically that you cannot fill the gap.”

Boyer said that there is going to be a domino effect, “when people see the dollar value dropping they will hold on to the US dollar. There will also be much frustration. Guyanese have become accustomed to a spending life and a certain type of living. So what are they going to do now?”

Boyer thinks that if Government arranges a sit-down with intelligent minds in business, a solution can be met.

“I am saying to the government that we need to all sit down and analyze things; look at the problems and come up with solutions. The quicker we do that, the quicker we can find a way out. We need to look at it before there is further decline.”

Aren't people ashamed to publish confounded nonsense like this?  Not one thing in this entire article makes any sense.

HAHahaha  OW GAD EVERYTHING GOING SOUTH BUT IT IS NOT GOVT FAULt,AaBEE NEED TO TALK.

BOYER KNOWS WHAT THOSE VIOLENT FHS ARE CAPABLE OF, he is just trying to survive!!

A slowdown in imports is a good thing for the country. That shows that consumers are not spending recklessly on imports, and the money stays in the country.

In the first article Django posted the PSC says that the government is not to be blamed. In the second article the PSC told the minister from the UK that excessive taxation and lack of investor confidence is to be blamed. Well, who is responsible for excessive taxation? Who ought to be blamed when investors are leaving? These chaps are playing politics but they just can't hide the real truth. It is too obvious to all that the government is doing a poor job. 

Mr.T posted:

A slowdown in imports is a good thing for the country. That shows that consumers are not spending recklessly on imports, and the money stays in the country.

HEHEEEEEEEEEEEEHEEEEEEEEEHEEEEEEEE

Nehru posted:

Mr.T posted:

A slowdown in imports is a good thing for the country. That shows that consumers are not spending recklessly on imports, and the money stays in the country.

HEHEEEEEEEEEEEEHEEEEEEEEEHEEEEEEEE

Lol.  Just when you thought these comments couldn't get any worse. 

Sales are dependent on demand. And demand in Guyana is largely dictated by the reparations sent by Guyanese living abroad to their familie sin Guyana. There has been a drop in these reparations, which means the locals are cutting down on buying imported food.

HEEEEEEEEEEEEEEHEEEEEEEEEEEEEEHEEEEEEEEEEEEHEEEEEEEEEEEEEEHEEEEEEEEEEEEEEEEEEEEEEE

I hope they don't cut out imported food like flour, potato, and dhall a la 1974.  But we are heading down that road.

Why does Guyana need to import potato? Potato is a South American crop that was taken by the colonial masters to Europe and beyond. Potato would grow in Guyana if farmers planted it.

See what I was talking about.  We gonna feed, clothe, and house ourselves by 1976!!!!!!!!!!!!!!  Deja vu!!

Mr.T posted:

Sales are dependent on demand. And demand in Guyana is largely dictated by the reparations sent by Guyanese living abroad to their familie sin Guyana. There has been a drop in these reparations, which means the locals are cutting down on buying imported food.

Potatoes require a cool but frost-free growing season of 75 to 135 or more days. The ideal potato growing temperature is 45° to 80°F. Hot weather will reduce the number oftubers per plant. Potatoes prefer well-drained fertile soil high in organic matter with pH of 5.0 to 5.5.

 Why don't you try growing potatoes in Guyana. Many people tried with poor results due to the hot temperatures. Maybe a GMO will work.

I seem to recall there was an article here showing a fellow who planted potatoes in Guyana and have no problem doing so.

cain posted:

I seem to recall there was an article here showing a fellow who planted potatoes in Guyana and have no problem doing so.

here is an article

http://gina.gov.gy/narei-prope...ta-fe-little-biaboo/

cain posted:

I seem to recall there was an article here showing a fellow who planted potatoes in Guyana and have no problem doing so.

Not sure it can be done profitably in that climate. There are other crops that have and can do well there. Coffee for one.

Why don't they invest in a potato farm in the US and export the produce to Guyana if the market is that lucrative?

Django posted:

cain posted:

I seem to recall there was an article here showing a fellow who planted potatoes in Guyana and have no problem doing so.

here is an article

http://gina.gov.gy/narei-prope...ta-fe-little-biaboo/

There seems to be no headway in making this product profitable. maybe Cain and Djangy can put up some money and start a potato farm to show the PNC how it is done.