The newly commissioned Bharrat Jagdeo Demerara River Bridge, a $260 million infrastructure project, stands as a symbol of the deepening ties between Guyana and China under the Belt and Road Initiative (BRI). Officially opened on Sunday, the bridge was hailed by China’s Ambassador to Guyana, Yang Yang, as not just a feat of engineering but a bridge of friendship and cooperation between the two nations. The ceremony, attended by thousands, marked the completion of a structure designed to connect east and west Demerara, enhancing regional connectivity and economic growth. Ambassador Yang emphasized that the project aligns with the shared aspirations of both countries for development and improved livelihoods, reflecting China’s commitment as a responsible global partner. The bridge, constructed by China Railway Construction Corporation Limited, is engineered to last a century, showcasing advanced technical expertise and adherence to international standards. Public Works Minister Juan Edghill highlighted the project’s compliance with global best practices, including AASHTO, ASTM, and ISO-certified benchmarks. The bridge features a modern, four-lane, cable-stayed design, capable of handling both vehicular and pedestrian traffic with unparalleled safety and efficiency. Its robust foundation, comprising 658 deep-driven piles, ensures structural integrity, while its 50-meter high-span eliminates the need for bridge openings, facilitating uninterrupted traffic flow. The project, which began in December 2022, employed over 1,300 workers at its peak, underscoring its scale and significance. In a tribute to Vice President Bharrat Jagdeo, President Irfaan Ali announced the bridge’s naming in his honor, recognizing his contributions to Guyana’s development. The commissioning coincided with the 33rd anniversary of Guyana’s first free and fair elections, adding historical resonance to the event. The bridge’s inauguration marks a milestone in Guyana’s infrastructure development and its strategic partnership with China.
分类: business
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Dominican Republic strengthens trade ties with Korea through business forum in Seoul
Seoul, South Korea – The Dominican Republic Embassy in Korea, in collaboration with ProDominicana, successfully organized the ‘Dominican Republic–Korea Business Forum: Strategic Horizons’ at the VOCO Hotel in Seoul. The event attracted over 50 prominent Korean business leaders, diplomats, and government officials, all focused on identifying new investment opportunities and strengthening economic ties between the two nations. This forum represents a significant milestone in positioning the Dominican Republic as a strategic hub for Korean investment in Latin America and the Caribbean.
Biviana Riveiro, Executive Director of ProDominicana, delivered the keynote speech, showcasing the Dominican Republic’s thriving economy, state-of-the-art infrastructure, and robust legal framework. She underscored the country’s leadership in attracting foreign direct investment, emphasizing its stability, competitiveness, and access to global markets. ‘We aim for Korean companies not just to enter our market but to grow, innovate, and thrive with us,’ Riveiro stated.
Ambassador Angie Shakira Martínez Tejera characterized the forum as the dawn of a new era in Dominican-Korean relations, centered on commerce, innovation, and investment. She reiterated the Dominican Republic’s role as a dependable and competitive partner for Korea and encouraged Korean businesses to leverage personalized support through the embassy.
The event concluded with an exhibition of Dominican products, including coffee, cocoa, cigars, rum, and handicrafts, which not only captivated attendees but also symbolized the cultural connection between the two nations. Ambassador Martínez extended her gratitude to ESD Group for sponsoring the forum and to Korean trade organizations such as KOTRA, KOIMA, KITA, and KCCI for their collaborative efforts. The forum laid the groundwork for enhanced economic cooperation and reaffirmed the Dominican Republic’s position as a gateway for Korean businesses in the Americas.
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Abinader declares Dominican Republic the top investment destination in Latin America
Uvero Alto, Dominican Republic – President Luis Abinader declared the Dominican Republic the top investment destination in Latin America during the grand opening of the W Punta Cana, an adult all-inclusive resort. The USD 160 million project, a collaboration between Marriott International, Grupo Puntacana, and Mac Hotels, marks a significant milestone in the nation’s tourism and economic development. Abinader highlighted that the project’s inception during the COVID-19 pandemic underscores the country’s resilience and commitment to growth. The president also emphasized the increasing presence of North American hotel chains, positioning the Dominican Republic second only to Mexico in U.S. tourism investment. With 15,000 new hotel rooms under construction nationwide—6,000 of which are set to open this year—the initiative is expected to create thousands of high-quality jobs and bolster economic stability. The W Punta Cana resort, located in Uvero Alto, boasts 340 luxurious rooms and suites, 12 diverse restaurants, and the exclusive AWAY Spa, offering a unique blend of music, wellness, and modern design. Industry leaders lauded the government’s unwavering support for tourism. Frank Elías Rainieri, president and CEO of Grupo Puntacana, praised the administration’s leadership and resilience, calling tourism a regional model. Tourism Minister David Collado hailed the arrival of W Hotels as a transformative moment for the country’s all-inclusive tourism sector.
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OPINION: What cannabis legislation can teach us about foreign direct investment (Part 1)
Foreign Direct Investment (FDI) has long been a contentious issue in Saint Lucia, with local populations expressing concerns over its impact on displacement, environmental neglect, and unequal treatment of local versus foreign investors. Critics argue that foreign investors often receive prime land, extensive tax exemptions, and the ability to repatriate profits, while local industries and workers are left with minimal benefits. This has fueled skepticism about the ‘trickle-down’ economic model, where the promised benefits of development rarely reach the grassroots level.
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8 arrested, guns seized in connection with land mining dispute
In a significant development linked to an ongoing land mining dispute in Toroparu, Region 7 (Cuyuni-Mazaruni), eight individuals have been apprehended, and multiple firearms confiscated, according to the Guyana Police Force (GPF). The arrests stem from two separate incidents on September 23 and 30, 2025, which have intensified tensions in the area. Among those detained are Mitchell Watson, miner Ronaldo Alphonso, rangers Marvis Hillman and Edson Carter, security agent Leon Wilkinson, security guard Randy Allen, Juleth George of GM Alphonso Mining, and operator William Hill. The initial altercation on September 23, captured on video, involved personnel associated with Mr. Alphonso and a group including rangers Hillman and Carter, reportedly escalating to the alleged discharge of firearms by Alphonso’s security team. A subsequent incident on September 30, also documented on video, featured security agent Wilkinson as the primary speaker, indicating unresolved tensions. To address the situation, a joint operational team comprising GPF officers and the Guyana Geology and Mines Commission (GGMC) has been deployed to monitor and mitigate further conflict.
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7 arrested, guns seized in connection with land mining dispute
In a significant development concerning a land mining dispute in Toroparu, Region 7 (Cuyuni-Mazaruni), authorities have arrested seven individuals and confiscated multiple firearms. The Guyana Police Force (GPF) and the Guyana Geology and Mines Commission (GGMC) have jointly intervened to de-escalate the situation, deploying a specialized team to monitor the area and prevent further conflict. The arrests stem from two separate incidents on September 23 and 30, involving personnel linked to Alphonso Mining and a group of rangers. The initial altercation, captured on video, reportedly escalated to the alleged use of firearms by Alphonso’s security team. A subsequent incident, also documented on video, highlighted ongoing tensions between the parties. Those arrested include Mitchell Watson, rangers Marvis Hillman and Edson Carter, security agent Leon Wilkinson, security guard Randy Allen, Juleth George of GM Alphonso Mining, and operator William Hill. Authorities are working to restore order and address the underlying issues fueling the dispute.
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US interest rates well-placed to fight inflation – Fed official
In a recent address, Kansas City Federal Reserve President Jeff Schmid emphasized that current US interest rates are well-positioned to support the Federal Reserve’s ongoing battle against inflation. Speaking at a conference in Kansas City, Schmid countered President Donald Trump’s persistent calls for rate reductions, stating that the existing policy stance is only slightly restrictive and appropriate given the economic and financial landscape. Schmid, a voting member of the Fed’s influential rate-setting committee, highlighted that he supported last month’s rate cut as a prudent risk-management strategy, particularly in light of signs of a cooling labor market. The Federal Reserve operates under a dual mandate from Congress, tasked with independently addressing both inflation and unemployment through adjustments to its benchmark lending rate. Schmid’s comments sharply contrast with Trump’s frequent criticisms of Fed Chair Jerome Powell and the rate committee for their perceived reluctance to cut rates swiftly. While inflation remains stubbornly above the Fed’s long-term 2% target, Schmid underscored that the central bank must prioritize its credibility on inflation, even as it navigates the delicate balance between inflation and unemployment. Market analysts, citing data from CME Group, predict a 95% likelihood of a quarter-percentage-point rate cut at the Fed’s upcoming meeting, which would adjust the key lending rate to a range of 3.75% to 4.00%.
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JSP optimistic despite losses; looks at expansion
MANDEVILLE, Manchester — Despite significant setbacks in coffee production due to adverse weather conditions, Jamaica Standard Products (JSP), a leading coffee manufacturer, remains steadfast in its commitment to growth and innovation. John O Minott Jr, the managing director of JSP, shared insights during International Coffee Day last Wednesday, highlighting the company’s resilience and its recent milestone—the first anniversary of the Island Blue Coffee House in Mandeville.
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Forex: $161.28 to one US dollar
KINGSTON, Jamaica — The foreign exchange market in Jamaica witnessed notable shifts on Monday, October 6, as the US dollar experienced a marginal decline, while the Canadian dollar and British pound strengthened. According to the Bank of Jamaica’s daily exchange trading summary, the US dollar closed at $161.28, marking a decrease of 6 cents from its previous trading session. In contrast, the Canadian dollar saw an upward trajectory, ending the day at $116.37, up from $115.84. Similarly, the British pound also gained momentum, closing at $218.83, compared to $216.85 in the prior session. These fluctuations reflect the dynamic nature of global currency markets and their impact on Jamaica’s economy. The Bank of Jamaica continues to monitor these trends closely, providing timely updates to stakeholders and the public.

