Continuous economic adjustments needed

Peter R. Ramsaroop, MBA
INTRODUCTION:
Many of us are closely monitoring the financial crisis. The interest rate has been cut in the US to one of the lowest in history - 1% Prime Rate. Here in Guyana, we have not seen any adjustment to any economic indicators.
The interest rate to borrow money from our banks is a [...]

Technology infusion

Introduction
When we discuss technology in a broad sense, most of us view it from the context of artifacts. (The manufactured objects of technological design: cell phones, IPods, computers etc) One does not think of technology as to its history, origin, and a meaning and purpose.
Technology has its origin from the word “techne,” which was derived [...]

Our Economy – What to expect?

Peter R. Ramsaroop, MBA
Chairman, Vision Guyana
INTRODUCTION
Much has been said on our economy over the last few weeks by both the private and public sectors. We know remittances have dropped around the world and in Guyana.
This will affect many this Christmas and in 2009. The private sector is coming to grips that we must brace ourselves [...]

The Immigrant Factor – key to development

INTRODUCTION:
I touched on this subject a few years back and given the heavy lobbying we have been doing on the Brazilian connection, it is time we re-look at the issue of Immigration and whether our laws are current.
Every country must have strong immigration laws but it should be balanced to economic development. Canada, for example, [...]

EPA - Let Him Save Face – Focus on us

Peter R. Ramsaroop, MBA
INTRODUCTION:
I have had to do it a few times, “try my best to save face” as we say in Guyana. President Jagdeo has impressed us all of being “wrong and strong” as it relates to the EPA.   His failed defence strategy has twice led to Suriname invading our territory without any response [...]

Diaspora meets to revamp Guyana’s race relations

Toronto — The Guyana Outreach Diaspora Council (GODC) recently hosted a workshop in Scarborough under the rubric “Thus is Life Livable.”
Participants came from across Canada, the United States and Guyana.
GODC aims at engaging Guyanese in the Diaspora and at home “to foster goodwill among all the people of Guyana, so that the next generation can [...]

Our nation is mismanaged

INTRODUCTION
Nowhere in the corporate world will you ever find a Chief Executive Officer (CEO) being hired without any experience in managing people and more importantly how to manage profitability of a company. I believe the mismanagement we have seen in the way our country has been directed over the last decade is a result of [...]

“We punishing bad!”

Peter R. Ramsaroop, MBA

INTRODUCTION
This week a few workers from the Sugar Industry visited my office.  They were concerned about our economy and wanted to discuss a column I had written in support for their 14% pay raise which is yet to be determined.   These hard working citizens told me “we punishing bad”.   They described how [...]

Reducing 10% of our personal budget

Peter R. Ramsaroop, MBA

INTRODUCTION

With the prevailing and future possibilities of further financial hardships, it is advisable, for each of us to start reviewing our personal budget and how we can reduce our daily expenditure by at least 10%. Given the financial crisis that is engulfing many countries.  It is our hope in this process that [...]

“Firewall” - The Blame Game

Peter R. Ramsaroop, MBA
Chairman, Vision Guyana
INTRODUCTION
This week when the President finally returned to Guyana, he held a press conference and said that he was building a “firewall” around Guyana’s financial system. I thought he must have confused the terminology with the Great Wall of China, since that was where he was.
Well for those that understand [...]