The Philippines Eyeing Investments in Guyana’s Sugar and Energy Sectors

President David Granger being greeted by the new Philippine Ambassador to Guyana, Marichu Mauro.

GEORGETOWN, Guyana, Thursday May 23, 2019 – The Philippines’ new Ambassador to Guyana, Marichu Mauro, says her government will be looking at possible investments in the Caribbean Community (CARICOM) nation’s sugar and energy sectors.

Presenting her letter of credence to President David Granger yesterday, she explained that the move is part of her government’s efforts to improve bilateral relations with Guyana, especially in the area of investments.

“The Philippines’ sugar producers will look at possible investments in the Skeldon Sugar Estate. This is something we can further explore….My Government admires Guyana’s expertise in hydro electrical technology and its ability to include local communities and other stakeholders in its development. So, we are very interested in pursuing a corporation project in hydroelectric and hydropower technology with Guyana,” Ambassador Mauro said.

She added that a company in the Philippines, International Container Terminal Services, has also expressed interest in investing in Guyana.

“We hope it would be successful in establishing another connection between the two countries,” the diplomat said.

On multilateral affairs, the Ambassador said her government looks forward to working closely with Guyana in achieving the countries’ common aspiration and shared interest through our cooperation within the United Nations (UN) and the Non-Aligned Movement.

President David Granger said Guyana is grateful for the expertise of the more than 100 Filipinos working in Guyana, in a wide range of fields including education, forestry and health. He also looks forward to continued cooperation with the country, particularly in the areas of agriculture, commerce, environment, fisheries and marine development.

Granger added that the countries share a common interest in the peaceful settlement of disputes and in ensuring respect for settled territorial and maritime boundaries.

“Guyana and the Philippines have founded their relations on the bases of mutual respect for each other’s territorial integrity and sovereignty, mutual non-interference in each other’s internal affairs, cooperation for mutual benefit, respect for treaties and international law and the maintenance of regional peace and security,” the President said.

Diplomatic relations between the Philippines and Guyana were established in September 2008.

Click here to receive news via email from Caribbean360. (View sample)