During last year the Chairman of Banks DIH, Clifford Reis, complained about the functioning of the Stock Exchange. When the Chairman of the largest, pioneering, public company, speaks people usually listen. He had good cause. Between 2023 and the present, despite record profits, and a burgeoning economy, the share price of Banks DIH stock has dropped from $190 to $140. Had this phenomenon affected Banks DIH only, it could have been argued that the fall in its share price had something to do with the management of the company. After Clifford Reis spoke, there was a flurry of activity in Government circles in relation to reforming the Stock Exchange. There was no follow through and nothing happened.
Continue reading “TALK, TALK, TALK!”CREATING AN OASIS IN A CONGESTED CITY
This article was written and published in September, 2021, under the title “D’Urban Park,” urging its creation as a ‘recreational space,’ one of the objectives of the President’s Plan to rescue Georgetown. Now is therefore an opportune time to revive consideration of the future of D’Urban Park.
Continue reading “CREATING AN OASIS IN A CONGESTED CITY”LEADER OF THE OPPOSITION
The Leader of the Opposition is a constitutional office. He or she is elected at a meeting of the non-governmental members elected to the National Assembly. The meeting is convened and presided over by the Clerk. After the Leader is elected, the President is informed by the Speaker and the President then appoints the elected person as Leader of the Opposition. The President has no discretion. Prior to 2001, when the discretion was removed, the President would appoint as Leader of the Opposition the person who he or she believes would command the support of non-governmental MPs.
Continue reading “LEADER OF THE OPPOSITION”THE ELECTION RESULTS POSES MORE QUESTIONS THAN ANSWERS
In normal circumstances, the shape of political discourse in the coming period would be dictated by the results of the elections. The results have been shocking. APNU has been decimated. Its presence in the National Assembly, in alliance with the AFC, has been reduced from 31 to 12. Aubrey Norton, while remaining leader of the PNCR, is to be replaced in parliament by Terrence Campbell, a prominent businessman with no political experience. The new opposition party, WIN, by winning 16 seats, will elevate its leader, the challenged Azruddin Mohamed, to Leader of the Opposition. He also is a prominent businessman with no political experience. What was the message of the electorate? At its basic level, more than half of APNU supporters are expressing dissatisfaction with it but not support for the PPP. It is quite possible that they are looking for benefits, either directly from WIN, or from the PPP/C government under pressure from WIN in the expectation that whatever the form of pressure that WIN might exert, it would be more effective than that exerted by APNU.
Continue reading “THE ELECTION RESULTS POSES MORE QUESTIONS THAN ANSWERS”CONGRATULATIONS!
Congratulations to the Peoples Progressive Party/Civic are well deserved on its resounding victory at the general and regional elections just concluded. Congratulations are also due to President Dr. Irfaan Ali for his sterling leadership and on securing a second term as the President of Guyana. For determining and managing the electoral strategy of the winning party, the PPP/C, Vice President Bharrat Jagdeo deserves congratulations. The PPP’s stunning performance is also due to the united effort of the leadership of the PPP and government and PPP’s members and supporters.
Continue reading “CONGRATULATIONS!”