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– Locals warned about Dutch disease? By Abena Rockcliffe While Guyana is attracting much attention from regional oil companies, and “excitement” is being generated, local manufactures have been warned to be on the lookout for a break out of the Dutch disease.Minister of State Joseph HarmonThe Dutch disease is the negative impact on an economy of anything that gives rise to a sharp inflow of foreign currency,Cheap NFL Jerseys China, such as the discovery of large oil reserves. The currency inflows lead to currency appreciation, making the country’s other products less price competitive on the export market.A number of countries have suffered from Dutch disease, as such, this can turn a good into a bad in many cases.At the most recent post Cabinet press briefing, Minister of State,NFL Jerseys From China, Joseph Harmon told the media of developments in relation to Guyana’s budding oil sector.Harmon noted that it became much more intensified as a result of a major oil find announced by the US oil company, Exxon Mobil.“Ever since then, we had what is called downstream and upstream oil interests that have already come to Guyana to look at how the sector will be developed.”He said that Cabinet was briefed that there were at least 16 companies from Trinidad that came to Guyana to see the prospects and to interact with the local manufacturing and service sectors.According to Harmon, the companies “were looking at issues like how these oil and gas matters were to be dealt with and the fact that you do not wait until you start producing before actually preparing for that stage (of production).He said that there is much preparation work that is going on with these companies; that it is in fact generating a great deal of excitement in the business sector.The Minister of State added that there was a recent meeting involving the Guyana Manufacturing and Services Association (GMSA) and the companies coming out of Trinidad.He said that the meeting was facilitated at an event organized under the theme “Economic opportunities and threats to expediting oil and gas in a new green carbon environment.”Harmon said that even though the forum saw a call for a speedy development of oil and gas in Guyana, there was a “sobering” presentation by Dr. Roger Hosein, a lecturer and researcher of energy trade at the University of West Indies.The Cabinet spokesman said that the key aspect of Dr. Hosein’s presentation was the point made in explaining that the finding and development of oil and natural gas can have good and bad effects on a country’s economy.Harmon said that Hosein acknowledged the good effects that can come along with the development of this sector, but noted the possible bad effects that oil find can have on production and manufacturing. In this regard, Hosein cautioned manufacturers to be on the lookout for the negative developments.Hosein’s warnings as relayed by Harmon speak basically to the issue of Dutch disease.Notwithstanding Hosein’s presentation, Harmon said that the fact that Government had already indicated its intention to establish a Sovereign wealth fund comforted the manufacturers.The Sovereign wealth fund is a mechanism that?works to guard against the Dutch disease. It ensures that the inflows from the oil sector do not interfere with the equilibrium of the economy.With regards to the progress in the fund,Cheap Jerseys From China, Harmon said that Minister of Governance,Cheap Nike NFL Jerseys, Raphael Trotman,Cheap Jerseys For Sale, who also shares some responsibility for natural resources,Cheap NFL Jerseys Store, recently met with some representatives from the Commonwealth secretary.He said that those experts are to look at how Guyana can develop further, the concept of a sovereign wealth fund.


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…driver flees sceneThe police are investigating an accident which occurred yesterday morning at Covent Garden, East Bank Demerara, which resulted in the death of 43-year-old Owen Adolph.?Reports state that the accident occurred at around 05:45hours, when a bus which was headed south collided with the motorcycle, headed in the opposite direction. Adolph, of Lot 30 Middle Street,Cheap NBA Jerseys, Mc Doom, East Bank Demerara, was the pillion rider on that motorcycle.According to reports, the bus suddenly swerved into the path of the motorcycle,NFL Jerseys China, causing the two vehicles to collide head-on. The bus ended up in a trench, while the persons on the motorcycle were hurled several feet away.The rider of the motorcycle, Leroy Nedd,Jerseys China Wholesale, of Linden,Cheap Jerseys, a member of the Guyana Defence Force, sustained injuries to his leg,Cheap Jerseys Online, shoulder and other parts of his body. The bus driver reportedly fled the scene before the police arrived.Adolph and Nedd were rushed to the Diamond Diagnostic Centre, before being transferred to the Georgetown Public Hospital.Nedd was admitted to the hospital after spending several hours in the operating theatre,NFL Jerseys China, while Adolph succumbed, at around 13:15hours, after being admitted to the High Dependency Unit (HDU).Adolph’s eldest son, Deon, told Kaieteur News that he heard about the accident at about 08:00hours and rushed to the hospital. He said that all he heard was that his father and a friend were involved in an accident.He added that he does not know where his father was coming from or headed to when the accident occurred.According to Deon, he last saw his father on Saturday afternoon boarding a minibus with a friend. Owen Adolph leaves to mourn Deon and his six siblings.Up to press time, the police had not located the driver of the bus.


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Uhan Duesbury, the security guard attached to Steve’s Jewellery,China Jerseys Cheap, was wanted by the police ever since 2007 when he was summonsed by his former spouse who was seeking child support money for her son.The woman, Alexi Stoll,Cheap Jerseys China, yesterday told this newspaper that the two parted ways since 1998 and Duesbury had owed in excess of $624,000 and was consistently evading the police.According to Stoll, she recently saw him at his place of work and immediately informed the Police who went in plainclothes and arrested him.She noted that the reason for the plainclothes is that he knew that he was on the run and would have escaped before the police would have had a chance to arrest him.Stoll added that she was told that he did attempt to escape when the ranks identified themselves but they managed to secure him.The woman is also baffled as to why he would have been released adding that she was told that he would have been locked up.Stoll told this newspaper that she was even told to show up at court given that he would go through due process but according to her,Wholesale NFL Jerseys, the relevant documents were not handed over to the East la Penitence Police Station, given that that was the station with the appropriate jurisdiction.Duesbury, on Tuesday evening,China NFL Jerseys, complained to this newspaper against what he said was a sound thrashing by two plainclothes ranks of the Guyana Police Force.According to Duesbury,Wholesale Jerseys From China, his ordeal began while he was still at his workplace when two men came and identified themselves as police ranks telling him that there was a warrant for his arrest.He told this newspaper that the men did have the requisite identification but had no warrant and told him that he was wanted in connection with affiliation (child support).He said that one of the ranks told him, “I hear you like fight but you ain’t going nowhere today cause we gun beat you.”Duesbury said that one of the ranks grabbed him and secured the handcuff on his right hand. It was extremely tight to the point that it caused his skin to break,Cheap Jerseys Wholesale, he said. The lacerations were visible on the man’s hand when Kaieteur News spoke with him last evening.He said that he was reluctant to have the other hand cuffed but he was forced and that too was extremely tight.According to Duesbury he was made to walk to the Brickdam Police Station with the ranks battering him along the way.But he disappeared from the station despite the warrant and the woman is at a loss. She said that this should not have happened.


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More than 18 months after announcing the presence of the Drug Enforcement Agency (DEA) in Guyana, the US is in the process of making the situation a more permanent one.By January 15th next year, says new US Ambassador, Perry Holloway,China Jerseys, an official who has already been selected and his team will be in place in Guyana.In July last year,Cheap China Jerseys, former President, Donald Ramotar, and the previous US ambassador, D. Brent Hardt,Wholesale Adidas Hockey Jerseys, announced the establishment of a local DEA office to fight the drug trade.This was following the approval of the DEA office in Guyana by the US Senate. Moves have been underway since then to ramp up activities in Guyana.A number of temporary duty personnel have been stationed here.According to Ambassador Holloway, the DEA officials have been working closely with the local authorities not only on cases, but on training and lending of technical assistance. The agencies would have included the Customs Anti Narcotic Unit (CANU).There have been several high profile drug cases in both Guyana and the US.Holloway, speaking to reporters on Monday at the US Embassy in Kingston, also disclosed that an assessment team is in Guyana to speed up arrangements with the office, which is currently housed at the US Embassy in Kingston.Guyana, because of its geographical location in South America,Cheap Stitched MLB Jerseys, has been a known trans-shipment point for narcotics for years now. The drugs have been making their way over the borders from Venezuela and onwards through the ports to the US or neighbouring Suriname for Europe.The new ambassador himself is no stranger to the drug fight.He has served in Colombia in various levels including Director of Narcotics Affairs Section and even in Washington doing work in counter narcotics.Questioned whether his work in the drug trade would have played a role in him being selected as ambassador to Guyana, Holloway downplayed it but made it clear that his tenure here would involve going after organized crime.“…I have extensive experience in the region,Cheap Jerseys From China, particularly in the area of security, crime,Wholesale NHL Jerseys, and counter narcotics.I am committed to our efforts to disrupt and dismantle organized crime in Guyana and to end its use as transit point for narcotics.”He noted that the multi-faceted approach of President Barack Obama’s Caribbean Basin Security Initiative (CBSI), has produced some very positive results both in the area of drug seizures, and in working with at-risk youths to provide them with hope and economic opportunity.“Improved safety and security for all citizens of Guyana is essential to the country’s future stability and prosperity,” he said.Previously, before July last year, Guyana had to seek help from the Trinidad and Tobago-based DEA office, in the sharing of intelligence and exchange of mechanisms to tackle drug-smuggling problems.


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