By Abena- Rockcliffe-CampbellPresident of the Georgetown Chamber of Commerce and Industry (GCCI) Vishnu Doerga said he is disappointed with government for its failure to propose a permanent solution for the problems in the sugar industry.Doerga recently spoke at a press conference held by the Private Sector Commission (PSC). At that forum, he said that the GCCI was really looking forward for solutions in Budget 2017.“We were looking for a permanent solution to our ailing sugar industry because in some way or form, we are all subsidizing GuySuCo (Guyana Sugar Corporation) as taxpayers of this country.”He said that the Chamber is being left out of the loop and is yet to lay eyes on the “many reports from the many inquiries.”The President said that jurisdictions around the world have been able to arrive at a solution to similar issues like the one Guyana is facing with the sugar industry,Wholesale Jerseys, but Guyana seems to be getting nowhere.Doerga said that the “perfect solution” may not have been have been arrived at as yet,Joel Campbell Arsenal Jersey UK, because of the manner in which the government is attempting to solve the problem.“Who said that the way they are going about it is right,Cheap NBA Jerseys China, look at the manner in which they arrive at these reports. Again I say all across the world, matters like these have been solved, but we continue to struggle.”PSC Chairman, Eddie Boyer thinks that there can be a solution if there is a “national talk.” He said that this discussion must benefit from input from the opposition, government and private sector “instead of the way the government has been going about it.” Boyer admitted that the cost of sugar production is higher in Guyana than any other part of the world. Yet, he expressed confidence that there is a “practical solution” that can be arrived at to keep the industry alive.Former PSC Chairman, Ramesh Dookoo said that the government seems to have no idea on the way forward for the sugar industry.He disclosed that the PSC had numerous meetings with the Minister of Agriculture, Noel Holder that included talks about the sugar industry. He said that at these meetings, Holder is quick to offer one solution—diversification.? “He is always quick to shout diversification,Authentic NBA Jerseys Cheap, but diversification is not a strategic plan, it is an element of a strategic plan. We need a plan,Cheap Jerseys Free Shipping,” said Dookoo.

The Chief Justice (ag.) Ian Chang in a written decision handed down yesterday afternoon,Dale Hawerchuk Jersey, ruled that the decisionChief Justice (ag)Ian Changby the Guyana Geology and Mines Commission (GGMC) to make a loan of three billion dollars from its funds and resources to the Central Housing and Planning Authority (CHPA) was “both irrational and ultra vires.”The action brought by WPA Member of Parliament? Desmond Trotman arose out of a joint statement by the GGMC and the CHPA of a $3B loan agreement.The deal was further exposed by Mr. Ranwell Jordan, a member of the CHPA. Trotman and Jordan filed the court action to challenge the purported approval of a loan of $3B by the GGMC to the CH&PA.The action against the two state controlled entities sought to quash the agreement for the loan which the plaintiffs argued were fictitious and unlawful.GGMC and the CHPA had signed a Loan Agreement following the submission of an “Investment Proposal by the CHPA last January.According to the Statement,Wholesale Baseball Jerseys 2018, the money was to be used for the development of the housing sector.GGMC had touted a five percent interest rate being offered by CH&PA,which according to the GGMC, was 3.2 percent more than what was currently being earned via the commercial banks and other investment options available to the Commission.The parties involved had articulated that in the event that CH&PA fails to repay the entire amount by the deadline,Cheap Wholesale Jerseys, the Commission has the right to increase the interest rate by seven percent.The body said that the agreement was subject to the terms and conditions enshrined in the Loan Agreement and any additional guarantees required by the Commission.However,Wholesale NBA Jerseys China, according to the actions filed last April, the plaintiffs are arguing that should the $3B Loan Agreement between the Guyana Geology and Mines Commission (GGMC) and the Central Housing and Planning Authority (CHPA) materialize,Cheap NFL Jerseys China, it would represent the crudest form of financial lawlessness.Based on the grounds listed in the action, the Chief Justice, (CJ) had instructed that GGMC and CH&PA must prove to the court why a Writ of Certiorari should not be granted to prevent GGMC from going ahead with its decision to lend the monies to the Housing authority.Chang had also instructed that the Housing Authority should justify why a Writ of Prohibition should not be dispensed to ensure that the mining commission is inhibited from making any further move on the loan on the premise that it is in breach of the law.The judge subsequently made absolute the Orders of Certiorari and Prohibition he granted based on an application by Trotman’s attorneys-at-law Christopher Ram and Brendon Glasford.In his decision yesterday, the Chief Justice ruled that the GGMC agreement is therefore “null and void”.He further noted that while the GGMC has the discretionary powers to make loans,Wholesale Jerseys China, the power does not extend for the purpose of the development of the housing sector.Ram, in a statement on the ruling, noted that the decision by the High Court not only vindicates Trotman and other commentators about the lawlessness involved in this tainted transaction but exposes the entire Cabinet and others in an elaborate scheme to siphon off money from the GGMC to GuySuCo using the CHPA as a front.He further stated that essentially it was conceded by the CHPA that it had no authority to enter directly in any Loan Agreement to borrow any money.