Philippine govt eyeing investments in Guyana’s sugar, energy sectors

─ New Ambassador of the Republic of the Philippines accredited

by Synieka Thorne

DPI, Guyana, Wednesday, May 22, 2019

Presenting her letter of credence to President David Granger today, new Ambassador of the Republic of the Philippines, Marichu Mauro said that her government will be looking at possible investments in Guyana’s sugar and energy sectors.

At the accreditation ceremony, in the presence of Minister of Foreign Affairs, Dr. Karen Cummings, at the Ministry of the Presidency, Philippine Ambassador Maruo explained that this 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.”

Additionally, she remarked that Philippine company – International Container Terminal Services has expressed interest in investing in Guyana.

“We hope it would be successful in establishing another connection between the two countries,” Philippine Ambassador Maruo emphasised.

On multilateral affairs, she pointed out that 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 that 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.

President 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.”

Diplomatic relations between the Republic of the Philippines and the Co-operative Republic of Guyana were established in September 2008.

Images: Keno George.

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