…maintains $30B bond could have sustained industryNow that PricewaterhouseCoopers (PwC) has submitted its report and recommendations on the three closed sugar estates, Opposition Leader Bharrat Jagdeo has warned against privatisation during this period, noting that once the People’s Progressive Party (PPP) gets back into Government, it will not recognise any such deal, since the Government has fallen following the December 21, 2018 no-confidence resolution.Opposition Leader Bharrat JagdeoJagdeo made the statement at his weekly press conference on Thursday.In 2017, Government announced plans to minimise the local sugar industry with only three estates in operation, and divest the Guyana Sugar Corporation’s remaining assets. Since then, several entities have expressed interest in acquiring the assets.On Tuesday, it was reported that PwC has submitted its report and recommendation on three bids made for the privatisation of the Enmore, East Coast Demerara; Skeldon, Berbice and Rose Hall, Berbice estates to the National Industrial and Commercial Investments Limited (NICIL).However, the Opposition Leader pointed out that instead of selling off, steps should be taken to resuscitate the industry in full capacity so that the workers can start earning an income again.“We are not recognising any deals. That is not the routine. When I spoke about the routine functioning of Government, it does not involve privatisation now. Any privatisation done in this period with a Government that has fallen, with a Government that should had resigned, with a Government that is on a caretaker capacity would be seen as an illegal arrangement,” the former President added.Jagdeo told reporters that the only investor that would enter into a deal with a fallen Government is one that is into underhand businesses and with the intention of getting a lucrative deal before a new government gets into office.RecommendationsIn the report submitted to NICIL, PwC offered its recommendations with regard to three qualified entities as well as the way forward. Additionally, PwC said that the information would be forwarded to Cabinet which has the option of accepting the recommendations or rejecting them and restarting the process.Initially, the latest information prior to the report suggested that some five companies were interested in the three estates; however, in the final report PwC said that it narrowed those companies to the chosen three based on a number of criteria. Additionally, the two rejected companies did not raise an objection when they were informed according to the PwC’s Wilfred Baghaloo, who spoke to the State media on Monday.However, on Thursday, Jagdeo said what was revealing about the report is the fact that it spoke nothing to the valuation of the closed estates.“We are worried about the Pricewaterhouse report and you notice that one thing has not come out the valuation of the sugar estates. Part of their TORs [Terms of Reference] is to place a value to the sugar estate and we have not seen the Government releasing their figures of what they have valued these estates at. So we will continue to be very vigilant in this regard,” he told the media.Since coming into power, the A Partnership for National Unity/Alliance For Change (APNU/AFC) coalition Government embarked on a mission to downsize the sugar industry claiming that it was a sinking ship. To date it has closed the estates at Wales, Enmore, Skeldon, and Rose Hall leaving more than 7000 persons without a job. The closures began in 2016 and to date Government is yet to come up with a plan to cushion the ripple effect the massive loss of jobs has had on the social development of the country.Meanwhile, as part of efforts to sustain the minimised GuySuCo and bring it into a state of profitability and financial stability, NICIL set up a Special Purposes Unit (SPU) and secured $30 billion, being sought in the form of a syndicated bond, to support the industry.Since this announcement, concerns have been raised about Government’s vision for the industry and the genuineness of its actions thus far, since that very $30 billion could have gone into restructuring the industry while keeping all of the estates open and GuySuCo’s workforce employed and engaged.Ever since Jagdeo has maintained that the $30 billion should have been used to maintain the industry without closing any estates. He reiterated this position at his press conference, adding that if re-elected, the PPP would reopen the closed estates while outlining the plan for doing so.He noted that the PPP would have to subsidise the industry for a period while he aims for profitability, but noted that the multifunctional; benefits are too many to ignore. Pointing to those benefits, he explained that drainage and irrigation was top class in those communities, benefitting not only cane farmers but others as well. Additionally, the contribution to the National Insurance Scheme and the Guyana Revenue Authority are far too large to ignore.“The bottom line is it would not be profitable immediately, but it is about keeping people in jobs. It is doable and we have to look at the multifunctional benefits. We can finance the sugar industry…we did that before and kept the economy going,” Jagdeo said.
12 BEST OF Harry Kane’s winner against Croatia sparked an amazing reaction at Wembley “To hear that atmosphere at Wembley today was superb,” match winner Kane tweeted. “What a year it has been in an England shirt and even more exciting times ahead.”Dier added: “That atmosphere [on Sunday] was the best I have had playing for the national team at Wembley by far and I think to be honest, after the World Cup that is the kind of atmosphere we deserve here.And between them, the following Sun reporters have watched a lot of live football, both as a fan and in a professional capacity, but one stadium or match usually stands out and talkSPORT.com wanted to know what atmosphere left a lasting impression on them.Graeme Bryce – Marakana Stadium (now the Rajko Mitic Stadium), Belgrade“Rangers were gubbed 3-0 in front of 82,500 crazed Serbs back in 1990 as fireworks, flares and flaming torches rained down on the track. It was blood-curdling, bonkers, and Graeme Souness’s Gers – including some of England’s Italia ’90 heroes – absolutely bottled it!” 12 Leicester’s Tim Flowers feels the heat during a UEFA Cup game in 2000 against Red Star Belgrade The old White Hart Lane was rocking under Harry Redknapp on European nights where memorable wins included the 3-1 triumph against Inter Most Popular Football News 12 no dice 12 Celtic and Rangers fans make the Old Firm derby unique Neil Custis – Seoul, South Korea“It was the final group game and a draw would have taken both through, but South Korea won it to top the group and ended up reaching the semi-finals.“I watched this game not in the ground at Incheon but in the centre of Seoul itself where one million people filled the streets to watch the game on big screens, sides of buildings, everywhere on an incredible night.“The constant chanting and singing began hours before kick off and the noise when future Manchester United player Ji-Sung Park scored was something else as fireworks filled the sky. I went on to cover their wins over Italy on a golden goal and Spain on penalties before Germany stopped them in the semi-finals.“An incredible time to be in a host country for a World Cup.” 12 Sao Paulo fans made the concrete bowl very noisy as they supported their side 12 Where Ancelotti ranks with every Premier League boss for trophies won 12 When Man United overturned a two-goal deficit to beat Barcelona, Old Trafford was electric 12 Celtic fans always ensure Parkhead is bouncing, no matter the opposition Premier League Team of the Season so far, including Liverpool and Leicester stars Mike McGrath – White Hart Lane, Tottenham“The old White Hart Lane was rocking on European nights during the Harry Redknapp era. Luka Modric and Gareth Bale were taking on the Champions League and the crowd was electric.” getty Phil Thomas – Old Trafford, Manchester“To those of us of a certain vintage, nothing has come close – even in the treble-winning year – to the night Manchester United overturned a two-goal first leg deficit and beat Barcelona 3-0 in the Cup-Winners’ Cup quarters. It was full volume, high intensity for the entire 90 minutes and to see Bryan Robson at his inspirational best against a side which included Diego Maradona was a privilege. Nothing has beaten it since.” 12 Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade 12 Peru fans travelled across the globe to see their team at the 2018 World Cup and they made sure everyone heard them England’s players raved about the atmosphere at Wembley Stadium in the Nations League.Harry Kane and Eric Dier were among those to hail the way fans roared them to victory against Croatia and seal a place in the semi-finals next summer. Tom Barclay – Mordovia Arena, Saransk“My ears are still ringing from the deafening cacophony of the thousands upon thousands of Peruvian fans who had travelled across the globe to see their nation compete in their first World Cup for 36 years. There were tears all around during the national anthem amid stories of fans selling their cars and quitting their jobs to be there. Sadly they did not get the result their support deserved [Denmark won 1-0] but the memory of being in that amazing stadium in one of Russia’s more provincial tournament towns will stay with me forever.” huge blow REVEALED Partizan supporters make every opponent feel very unwelcome Ben Hunt – Pacaembu Stadium for Sao Paulo v Chapecoense in 2017“A bit far from home and not rivals by any stretch but what an atmosphere! There were 40,000 Sao Paulo fans cramped into a concrete bowl that was built in 1940. The whole place vibrated whenever the home team scored. It was a health and safety nightmare, but what an experience.” Berahino hits back at b******t Johnson criticism – ‘I was in a dark place at Stoke’ Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury REPLY Paul Jiggins – Partizan Stadium, Belgrade“The best atmosphere I have experienced in Europe is Partizan Belgrade. The noise is incredible despite three sides of stadium being uncovered. All football should be played in an hostile atmosphere.” Ji-Sung Park kick started the party in Seoul and in Incheon where South Korea saw off Portugal to top their group RANKED You’ll Never Walk Alone could be heard for miles when Liverpool fans sang it in 2005 Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move shining Rob Maul – Upton Park, London“For personal reasons, it has to be Upton Park. I grew up watching West Ham in the 1990s. And for the big games, against the top sides, midweek under the floodlights, there were few better atmospheres in British football. On those occasions when the fans didn’t overstep the mark, they could create amazing noise and support for their beloved Hammers.“The last game – West Ham 3-2 Man United on May 10, 2010 – despite the violence beforehand, the place was rocking and there was a huge outpouring of emotion. One other memory is West Ham 2-2 Man United on December 8, 1996. A Julian Dicks penalty capped a comeback from 2-0 down and I was in the upper tier of the Centenary Stand (latterly the Trevor Brooking stand) and had a great view of Dicks’ penalty. It’s shame the old stadium is now rubble and turning into flats.” Every time Ally McCoist lost it on air in 2019, including funny XI reactions ADVICE 12 12 Martin Lipton – Seoul World Cup Stadium/Celtic Park“There was a relentless wall of noise from first kick to last South Korea’s semi-final defeat to Germany. You could not hear yourself think, let alone hear the ball. Astonishing evening.“Ahead of Celtic v Arsenal [in 2009], there was an incredible sound, brilliant build-up and a stadium which was bouncing – until the game started and the gulf was huge!” West Ham fans created the noise and atmosphere for their beloved Hammers at their former home MONEY Which teams do the best on Boxing Day in the Premier League era? Son ban confirmed as Tottenham fail with appeal to overturn red card REVEALED Top nine Premier League free transfers of the decade Dan King – Anfield, Liverpool“There was a crackle in the air from long before kick-off in April 2005. You’ll Never Walk Alone was unbelievably loud and the overall atmosphere unnerved even the hardest-nosed Chelsea players. The game and tie was in the balance right until the end so it was like being on a white-knuckle ride for 90-plus minutes.” Charlie Wyett – The Old Firm derby“Red Star Belgrade v Liverpool this season was incredible, but Rangers v Celtic is still unique.”