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    Posted 7 years ago #
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  4. The Guyana Officer for Investment (Go Invest) is hoping to establish a Business Centre under the National Competitiveness Strategy Programme later this year, specifically geared towards assisting small entrepreneurs.This is according to Senior Investment Officer of Go-Invest, Janet Kissoon, who made the announcement at a National Dialogue held on Saturday last under the theme “exploring pathways to self-employment and entrepreneurship.”This dialogue was the second in a series of dialogues arranged by the Caribbean and Africa Self Reliance International/Action for Community (CASRI-ACT), an independent development organization with a mission to nurture and develop leadership for community transformation from the bottom up which is based in Canada.Kissoon,Cheap Nike NFL Jerseys, one of five panelists who gave brief presentations,Air Max 90 Pas Cher Livraison Gratuite, said that that Go-Invest recognises the need for more entrepreneurship developed but cited that there are several challenges that small business owners and persons trying to start small business encounter.According to her, Go Invest has been working with a number of large,China Jerseys, medium and small scale businesses.Kissoon added that they have been seeing a more automated approach and a significant reduction in manual labour where big businesses are concerned. She cited Banks DIH and GuySuCo as examples.“So I think the need for more entrepreneurship development and encouragement is definitely needed at this point in time. There are a lot of young people coming out of school that don’t know what to do and can’t find jobs and we need to present opportunities to them.”ProblemsKissoon said that one of the problems encountered with small business people when they are to make their ideas a reality is in the financing. “A lot of people have very good ideas but don’t know where to find money.”According to her,Camisetas Del Barcelona, persons are intimidated to approach financial institutions because of the kinds of information being requested of them by the entities.“In Go-Invest we have been trying to give them moral support because they have to do the interview themselves but I think that they are very intimidated to approach some of the financial institutions.”Another area, she added,Air Max 90 Espa?a, that they have found assistance is needed is in the marketing of products. “A lot of our investors sometimes have very good products but they do not know how to market them or they are not prepared for the marketing exercise.”Kissoon said that Go Invest has also been trying to assist people turn their good ideas into a bankable investment plan.According to her, this is an area where persons usually encounter problems. Having recognised these problems the idea for the Business Centre was born.This business centre is specifically geared towards assisting those small entrepreneurs whether it is finding finance,Equipacion Real Madrid 2018, going with them to the financial meetings and giving them moral support and helping them to prepare the documentations that they need in order to approach the financial institutions.“We are going to help them in developing their business plan. So the business centre will be catering for whatever problem those investors,Manchester United Jersey Online Sale, especially the small ones, will be facing.”Kissoon added that they are very cognizant of the fact that some of the policies and programmes at Go Invest are sometimes not in favour of small businesses and they are working with the policy makers to have those reviewed.“We at Go-Invest will be doing all we can because we recognize the need to have more small people involved in entreprneurship and we are prepared to support them through it.”

    Posted 7 years ago #
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  6. -Law amendment to require NGOs to declare overseas fundingBy Leonard GildarieGovernment has announced new measures for next year that will require non-governmental organizations (NGOs) to declare all incoming foreign assistance.Additionally,Manchester United t Shirts, moves are being made to place credit unions under the watch of the Bank of Guyana.This is according to Minister of Labour,Cristiano Ronaldo Maglia Juve Originale, Manzoor Nadir,China Jerseys Cheap, who made the disclosures yesterday at his office while outlining the works of his Ministry during this year and plans for 2010.Speaking on the issue of NGOs and cooperatives which fall under the Friendly Societies Act, Nadir acknowledged that while some work has been done to restructure the operations of the organizations to bring accountability and transparency,Wholesale Shoes Free Shipping Worldwide, there is still more to be done.Early next year, the Ministry will be tabling amendments to the existing laws governing the operations of these groups that will mandate them to report overseas funding.According to the Minister,Wholesale Authentic Jerseys, the new measures are necessary because of all the problems currently associated NGOs.Many NGOs, after receiving monies, would decline or fail to comply with the laws governing friendly societies which require annual returns to be filed.Guyana ends up “getting a bad name” as whenever funds come to Guyana, there is a national responsibility for transparency and accountability.As a matter of fact,Site Air Max Pas Cher, the Minister reminded,Cheap Hockey Jerseys, all such organizations are obligated to report.He disclosed that there is a marked spike in the applications for funding by NGOs wherever monies become available but then quite a number of these organizations fail to live up to the requirements of reporting what was done with the funding.Meanwhile, Nadir disclosed that the Canadian Cooperative Development Association is working with the Ministry to “re-invigorate” the cooperative societies in the country.The government official warned that coops to get their act together, a warning that the ministry has been sounding for the past 12 months.Government has been forced to take over a number of cooperatives because of mismanagement. A number of these were agricultural cooperatives. Nadir stressed that the Ministry is not averse to extending its reach to ensure good governance is taking place in these organizations.With regards to credit unions, with assets of over $11B being held by these, the intention is to bring them under the regulations of the Bank of Guyana in the New Year.This measure is to ensure that members’ money are protected and good accountability exists.

    Posted 7 years ago #
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  9. –    believes economy will pick up by DecemberMinister of Finance Winston Jordan believes that the economic slowdown which the country started to experience in 2014 will soon be over and “things will pick up by December.” The Minister is of the view that there are several contributing factors to this alleged slowdown both locally and internationally.“Things appear to be picking up based on some amount of statistical evidence and some of anecdotal evidence. Anecdotal in the sense that in speaking to the average man in the street, the taxi driver and so on,Maglie Milan 2018/19, they have been telling me that things are picking up,Wholesale Nike NFL Jerseys, they are not saying business is good but, they are saying things better than a month or two before,Cheap Jerseys Free Shipping,” said JordanThe Minister remains optimistic that economic activities will commence at a faster rate soon since the elections are now over and there is a level of political stability in Guyana. “I think, all and all we can expect things to be more and more on track as we had envisaged in the budget and we hope that talk of slowdown not necessarily disappears but, could be at the bottom of our lexicon by the time the next budget comes out.”According to Jordan,China Jerseys Cheap, consumers are gaining confidence with the stable political climate and are moving on from the uncertainty of the elections season. “The budget is over, people have been paid their salaries and their back pay and there is more monies that is going to be circulating in the economy between now and December,” the Finance Minister noted.Explaining the reasons which might have contributed to the slowdown of Guyana’s economy, Minister Jordan pointed to political instability which plagued the country prior to the 2015 General and Regional Elections.“When you have political instability or a political situation that is not normal, people do several things. One they hold back on their investment. You tend to hold on to your money, some capital flight takes place where people try to get out their monies just in case, so unlike a tap that you can turn on and off with ease when people make those decisions,Cheap Manchester City Soccer Jerseys, it takes a while after political stability returns for those economic decisions now to be reversed,Maillot Psg 2018/19,” Minister Jordan explained.Questioned as to whether the implementation of the recently passed Anti-Money Laundering and Countering the Financing of Terrorism Act (AML-CFT) has had an impact on the economic slowdown, the Minister believes in some regard it does by crippling the underground economy.The Minister was quick to point out that in the absence of substantial statistics, no definitive conclusion can be drawn as to whether the AML/CFT law and its implementation is providing a much more difficult time for persons involved in illegal activities to have their proceeds enter the real or formal economy.“If I were to offer an opinion, I would say that it could be one of the contributing factors simply because it has always been rumored that our economy really was standing on more or less two legs, the parallel economy – heavily financed by drugs,” Jordan said.The Finance Minister further stated that since the coalition Government took office, there has been increasing evidence of drug busts,Wholesale Authentic Jerseys, which has led to the capturing of high profile traffickers. “So that definitely will have an overall effect on the economy,” he said.Meanwhile, on sustaining the formal economy, the Minister said that for the first time in recent years, a decline in remittances has been recorded. This is not only in the case of Guyana and it has attracted international attention.On the international scene, Minister Jordan advised that Guyana and the Caribbean are currently waging a battle with the withdrawal of corresponding banking in the Caribbean since international banks are closing its operations in Caribbean countries. “They are becoming very risk averse so one and two banks have already pulled out in one and two countries,” he said.Minister Jordan explained that the Governor of the Bank of Guyana, Dr. Gobin Ganga, has been actively involved in staging a rearguard action to stave off this withdrawal since it would have widespread implications for banking and transactions in the Guyana economy.According to a World Bank overview of Guyana, which was last updated on September 08, 2015, real growth of Guyana’s Gross Domestic Product is projected to fluctuate within the range of 3 percent to 5 percent during 2015-2018. Economic activities will be driven by continued investments in primary industries while potential offshore and hydro-energy projects may also attract foreign investment and further boost growth. Inflation is expected to remain relatively subdued.

    Posted 7 years ago #
  10. – no overseas hiring until full consultationsA plan to hire Maths and Science teachers from overseas will not be implemented until consultations with stakeholders are held, government has insisted. Additionally, reports that Cabinet is getting ready to review a draft plan on the hiring process are not true. This is according to Education Minister, Shaik Baksh.Last month, government announced that based on severe needs, it was mulling the possibility of hiring teachers out of Guyana for the two key subjects. Falling pass rates have been worrying policy makers for sometime now, coupled with migration and the reluctance by teachers to follow Mathematics and Science.The Minister, during a press conference at his Brickdam office on Monday, pointed out that President Bharrat Jagdeo had assured that there will be no hiring of overseas teachers until consultations have been held with the Guyana Teachers’ Union (GTU) and the Teaching Service Commission (TSC), along with other stakeholders.A recent newspaper report that suggested that Cabinet, one of the highest decision-making bodies of the administration, is set to consider a document that may greenlight the hiring is a total “fabrication”, Baksh stressed.According to the Minister, there is a clear need for teachers of the two subjects…needs that cannot be readily met by Guyana.To highlight the serious shortage,Cheap MLB T-shirts, Baksh pointed to the fact that only 11% of the teachers in Mathematics are graduates, with 42% trained by the Cyril Potter College of College. That means a whopping 47% are “underqualified”.The pass rate is only 35% with the major constraint in the subject being quality.Across the country, regions one,Air Max 90 Pas Cher Chine, eight and nine are the most affected. Citing an example, Baksh disclosed that a Maths teacher had to be sent from the city to Annai, in region nine.Even a two-year non-graduate course in Science, Maths and English is failing to bridge the gap.The situation, the Minister argued,Arsenal Fc Shop Sale, is so dire that 33 schools remain without a Head of Department in Maths.Government has not ruled out offering incentives to attract teachers to pursue Maths and Science, he said.Last month, government spokesman, Dr. Roger Luncheon, made the surprise announcement of the hiring of overseas teachers for Maths and Science, with the GTU immediately expressing worry whether these would be better paid than locals and raising other key questions.It was disclosed that the Ministry of Education approached Cabinet on the need for more teachers in the two critical subject areas.According to Luncheon, there are also needs in other subject areas,Camiseta Atletico De Madrid 2019, but Maths and Science are of greatest importance at this time.Guyana had previously gone this way, hiring teachers from Sri Lanka and Sudan, with a number of them even staying on and becoming citizens.“The urgency in responding to the created need for Mathematics and Science teachers now has… more or less outstripped what national production levels can provide,Cheap Football Jerseys College, and this is why a decision has had to be examined and looked at to return to an older model of addressing the human resource needs of the teaching profession,” Luncheon had stressed.It was pointed out that a number of countries like Montserrat and Grenada, and members within the Organization of Eastern Caribbean States (OECS), have already been advertising for professionals to fill vacancies within their respective public sectors, targeting Asia,Maglia Juventus Originale 2019, Europe,Jerseys Wholesale, the Caribbean and North America.Government will not be ruling out using professionals within the region under the CARICOM Single Market and Economy (CMSE) arrangements which allows for the free movement of skills.It is an established fact that many of the country’s trained teachers have been leaving Guyana to take up more lucrative posts abroad, creating a headache for policy makers.Officials have said that Guyana may need more than 100 teachers for the two subjects.

    Posted 7 years ago #

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