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Posted 7 years ago #
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…but Skeldon surpasses 2009 amount to dateGuyana Sugar Corporation Inc. (GuySuCo) yesterday announced that the under-fire,Tottenham Home Shirt 2018/19, new Skeldon factory has surpassed production figures of 2009.“This achievement comes at a period when engineers of the Chinese contracting firm, CNTIC, are working to correct all the technical challenges by mid-2011,” the Corporation said in a statement yesterday.In 2009, Skeldon produced 25,715 tonnes of sugar at a period when both factories, the old one and the new, were in operation.“While this was well below its budgeted figures, the year to date production figure for 2010 is 30,Equipacion Real Madrid Barata,522 tonnes. The factory continued to grind throughout the recent one-week industry-wide strike and apart from the technical problems, production would have been much higher barring work stoppages throughout the year due to strikes and the wet weather.”According to GuySuCo, a significant achievement this year is the availability of canes across the industry.Regarding the US$185M Skeldon Sugar Modernization Project, it is expected that the required supply of canes from both private farmers and the Corporation to feed the factory at full capacity will be a reality in 2012,Jerseys From China, GuySuCo assured.In an earlier release, the Corporation had indicated that an agreement had been reached with the contractor of the factory, CNTIC, where all the remaining defects will be corrected by January 2011, with the exception of the number one boiler which is scheduled for completion by June 30th next year.Within the last few months, GuySuCo and new Skeldon factory have come under fire for low production and continuing technical problems at the facility.With a number of strikes and little cash, the beleaguered state-owned company has been finding the going tough with the unions ordering its members back to work last week after a countrywide week-long strike crippled operations.To compound matters now,Wholesale NFL Jerseys, GuySuCo’s Chief Executive Officer Paul Bhim said yesterday, the rains have come.While workers attendance crept up from around 45% to the mid-50s this week, it will not be enough to meet the targeted 264,Wholesale Nike NFL Jerseys,000 tonnes of sugar, an adjusted one at that, that GuySuCo has been looking to produce this year.Production across this country this week may be a miserly 6,Cheap Authentic Jerseys,500 tonnes. With GuySuCo closing operations on December 24 for the holidays, it may take a bit of a struggle to even reach 240,Air Max 90 Scontate,000 tonnes .As of yesterday, the country’s production to date was a lowly 206,000. With just over three weeks to go, the industry may barely reach or squeeze past last year’s production which also stood at a dismal 233,000 tonnes.According to Bhim, the Demerara estates are suffering with the current rains. The Corporation’s bell loader is unable to operate because of conditions while the Berbice estates are better off.
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Residents of Georgetown are fuming over a decision by the Mayor and City Council, (M&CC) to revert to dumping refuse at the city’s premier burial ground; Le Repentir Cemetery.Kaieteur News has learnt that the decision was taken by the Council, last week in an effort to bring relief to the solid waste built up, following a large landfill fire at the Haags Bosch site, located at Eccles,NFL Jerseys Cheap, East Bank Demerara.The spontaneous combustion,Wholesale MLB Jerseys 2018, which occurred some two Sundays ago, caused several sections of the site to shut down and garbage trucks to be re-directed to a dumpsite,Cheap NFL Jerseys China, at Lusignan East Coast Demerara.The garbage trucks were unable to continue transporting refuse to Lusignan, owing to the condition of the access road to the dumpsite. City Hall’s Public Relations Officer, (PRO) Debra Lewis, explained that the problem was unforeseen. As a result, she said that the Council had no other choice but to revert to Le Repentir.“It was the only option available to the Council at the time, after the fire at Eccles and the issue with the trucks and the access road at Lusignan,NBA Jerseys From China, but it is a temporary situation until the situation at the Haags Bosch subsides,” she explained.The PRO further held that given the serious nature of the situation, the City considered it best to take the decision, rather than face a built up of solid waste in and around Georgetown. “We understand the people‘s concern but the Council had to act quickly or face a back up of garbage in the city. We would not want the city to return to the situation, where garbage piles were everywhere and overflowing,Wholesale Authentic Jerseys,” added LewisAt the interim,wholesale jerseys china, Lewis said that a big hole has been dug at Le Repentir to aid the solid waste disposal.The PRO further noted that officials of City Hall have since held an emergency meeting with the Minister of Communities, Ronald Bulkan. She said that the officers are set to thereafter,Cheap Jerseys From China Outlet, meet with the President.In the past, the dumpsite at Le Repentir had been a source of concern for persons, who reside in Wortmanville and in other wards south of the city. Many persons complained of the unsightly refuse pile, which could result in ill health and affect those living in the area in more ways than one.Social activists Freddie Kissoon and Mark Benschop were particularly verbal about the issue. The men held picketing exercises at the site calling for its closure. Kissoon and Benschop were even placed in the lock ups for a few days, because of their action. The dumpsite was eventually closed and garbage collectors were directed to dispose of the waste at the land fill site in Eccles.However given the recent development, Benschop is once again voicing his disapproval at the Council for voting for the return of garbage to the city‘s cemetery.He noted that the move, whether “temporary” is hazardous and perilous to residents of the neighbouring communities. “It’s endangering people’s health and lives,” Benschop said.The social activist told Kaieteur News that he is prepared to do what is necessary and face whatever consequences to stop the dumping of garbage at the cemetery. Benschop said that he is even prepared go to jail again, if that is what will bring an end to this nonsense.”
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…inflation set to increase as a result of escalating oil prices – Dr SinghFinance Minister Dr. Ashni Singh yesterday said that the country continued on its path of growth with the inflation rate at an acceptable level.Dr. Singh, in his budget presentation,Cheap Air Max 90 Free Shipping, said that despite the prevailing global conditions particularly as these relate to the difficulties facing the Euro as well as the escalating oil prices, Guyana “achieved real growth in gross domestic product (GDP) of 5.4 percent.The Minister as he reported on the inflation rate, said that it “remained within acceptable norms at 3.3 percent in 2011, notwithstanding the background of increases in global fuel prices.”He said that this performance reflected Government’s interventions to lower the taxes charged on fuel products and to provide financial support to the GPL to avoid full pass through of imported fuel price movement.The Finance Minister predicted that for 2012 the growth is projected to decline to a 4.1 per cent rate while inflation is projected to 4.6 per cent which the Minster attributed to the escalating oil prices.During his review Dr. Singh reported an 11.3 increase in rice production.He told the House that the rice industry extended its stellar performance of recent years with total production in 2011 of 401,904 tonnes, the highest ever in national history.He said that during the year the industry continued to expand acreage under cultivation and earned higher yields, reflecting increased training to farmers, returns from the introduction of higher yielding varieties of rice and supported by Government’s investment in drainage and irrigation.“Investment and production in the sector were also bolstered by the benefit of stronger external market prices.”He said, “The other agriculture subsectors grew by 5.7 percent,Maglia Roma 2018/19, reflecting returns on the Grow More campaign and the Agricultural Diversification Programme coupled with more integrated market access especially with the bridging of the Berbice River.”The Minister also reported positive news for the livestock sector which he said expanded by 5.8 per cent and is mainly attributed to higher production of eggs, poultry meat and mutton.“On the other hand, the fishing industry contracted by 5.3 per cent,Cheap Manchester United Jersey 2018/19, reflecting a reduction in the number of operating vessels and fishing trips associated with the increased cost of fuel and the risk of piracy and also the continued depletion of fishing grounds…“The forestry sector contracted by 9.3 per cent.”He reported that the mining and quarrying sector recorded growth of 19.2 percent in 2011. “Underlying this was a 17.7 percent increase in raw gold declarations to 363,083 ounces, the highest level since 2004 when Omai Gold mines was still in operation, as favourable world market prices persisted in 2011 and induced significant continued investment in the sector.”As it relates to the projections for the year Dr. Singh reported that the rice industry is now projected to expand further to 412,425 tonnes, a 2.6 per cent increase in value added to the industry.“This record output target places the industry in a favourable position to exploit new and emerging markets. The industry continues to reap the benefits of investments made in research and extension services and is aided by improvements in drainage and irrigation infrastructure.”He said, too, that the livestock industry is expected to grow by a further 4.9 per cent, while the other agriculture sector is also projected to expand by four percent.The Finance Minister said that the continued expansion in these two sub-sectors positions Guyana to take advantage of regional market opportunities while ensuring domestic food security.The forestry sector is projected to decline by 8.2 percent reflecting the implementation of programmes to improve stakeholder capacity in areas of forest policy and sustainable forestry management.The Finance Minister said, too, that at the end of 2011 the balance of payments reflected a deficit of US$15M.“”This is primarily attributed to developments on the current account due to a higher import bill driven by rising fuel prices and higher levels of imports of capital goods concentrated mainly in the industrial, agricultural and mining sectors…This outweighed the collective increases in export earnings associated with higher world market prices for key commodities and net current transfers.”The Minister reported that export earnings in 2011 expanded by 27.6 per cent to US$1.1B “primarily attributed to increase in volumes exported as well as favourable world market prices for most of the key export commodities.”Export earnings on sugar, Dr. Singh reported, increased by 21.6 per cent to US$123.4M due to a 16.8 per cent increase in average export price coupled with a four per cent increase in export volume to 211,762 tonnes.”He said that rice exports earnings expanded by 14.5 per cent to US$173.2M mainly attributed to a 26.1 per cent increase in average export price to US$567 per tonne, while export volume contracted to 305,Maglia Ufficiale Milan 2018/19,382 tonnes due to a decline in stock levels at the beginning of the year.Total gold exports was US$517.1M,Scarpe Nike Air Max Scontate, a 49.3 per cent increase over 2010 and this outturn is attributed to an expansion in gold mining as both the small and medium scale miners expanded their operations, spurred by favourable world market prices, while volume increased by 14.9 percent to 347,Maglia Juventus Vendita,850 ounces.The Finance Minister reported, also, that the capital account recorded a surplus of US$373.2M compared to US$339.2M attributed to higher foreign direct investment concentrated mainly in the mining,Arsenal Fc Shop Uk, and telecommunication sectors.“Reflecting these developments, the Bank of Guyana ended the year with total external reserves of US$798.1M, equivalent to 4.2 months of imports.”
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