Lack of investment crippling Region 2’s economy – Chairman

first_img…calls for integrated approach to tackle high unemploymentBy Lakhram BhagiratRegion Two, Pomeroon-Supenaam, has for more than two years not seen any major investment to boost its crippling economy—which is plagued by issues affecting the rice industry.This is according to Region Two Chairman, Devanand Ramdatt, who, in an interview with this newspaper, said that the crippling economy is due to the lack of consultation and engagement of the administration and residents of Region Two.He explained that for the predominantly farming community, the lack of markets for produce has been severely affecting the investment opportunities in the region.“In the case of Pomeroon, the farmers were affected due to lack of market for their produce, especially those persons who produce fruits; and that is a direct link due to the loss of the contract by a local company to supply juice, because most likely some of those produce came from the Pomeroon,” he detailed.“We visited a lot of the communities, and we have seen farmers having their produce deteriorating in their fields, and their explanation is pointing us to the direction of a lack of market,” Ramdatt noted.He opined that there ought to be a more holistic approach in dealing with the lack of investment and the high unemployment rates. He added that the Government, through its agencies, has to formulate a developmental plan to address the economic woes affecting the region.“We have not had, also, (any) major expansion or development of any new sector in the region — no new development; and there are very high levels of unemployment. More and more, qualified persons are not getting jobs. We are having more persons coming back from Venezuela, and they, too, would add to that level of unemployment, and that high percentage of unemployment will increase. We had absolutely no new investment in Region Two,” Ramdatt explained.He added that Central Government, through its agencies like GO-Invest and the Ministry of Business, can engage the region and its people to formulate a developmental plan to help the region’s struggling economy. “In many communities, we have students not going to school because of the negative impact of the economy. We have challenges (in regard) to youth unemployment. We want new investment opportunity to develop our people, and we need it now,” he added.In 2015, the sod was turned for the Institute of Applied Science and Technology’s (IAST) $100 million rice cereal factory, which later came into operation. The factory was expected to create more than 200 jobs for Essequibians by utilising rice from the Region. However, the Regional Chairman explained, the factory operated for a while, but has now ceased operation for unknown reasons.He added that as far as the statistics show, the factory made very little impact in terms of the unemployment rate and its contribution to the overall economic development of the region.He said the region previously had the Aurora Land Development Project. “That project utilized thousands of acres of land in the southern part of the region, being developed to have crop production so that many of our farmers can have an area that has useful infrastructure to deal with crop production,” Ramdatt related.He said he is hopeful that the project would be developed again, so that it could be an investment opportunity for the region. He related that Government should also provide more assistance for the development of the Pomeroon coconut industry, noting that it has unexplored potential.Tourism sectorIn relation to the region’s tourism sector, the Region Two Chairman noted that more needs to be done to further develop the sector, since the infrastructure leading to two of its major attractions are in deplorable state.Ramdatt explained that while the Regional Administration maintains the roads leading to Lakes Mainstay and Capoey, more needs to be done, since it requires the construction of a proper road network to access the sites.On the issue of roads, Ramdatt said the region’s main road is in dire need of rehabilitation to help curb the high accident rate. He said the road has outlived its time and it is beginning to sink in some parts, creating unexpected “drops” for motorists utilising the mostly unlit stretch of road. Quite often, the unexpected drops result in drivers losing control of their vehicles and running into ditches, or even colliding with other vehicles or utility poles, he said.This publication ventured to the Charity Market Centre on Thursday, and vendors operating there reported that they have seen a decline in sales for the entire 2017.“We know January is a hard month, but for the whole of last year business take blows… Them people ah save them money and not spending like before,” vendor Andrew reported.Collectively, the vendors are contending that not enough is being done to boost the economy in the region, so that residents would spend more.last_img read more

St Regis Hotels Resorts slated to debut in Australia

first_imgThe St. Regis MelbourneSt. Regis Hotels & Resorts slated to debut in AustraliaSt. Regis Hotels & Resorts today announced the signing of The St. Regis Melbourne, marking the first hotel in Australia for the renowned luxury brand. Owned by Century Group Aus, this new-build hotel is slated to open in 2022 and will be located in the heart of Melbourne amidst distinct architecture and a dynamic arts scene.“Melbourne’s vibrant mix of world-class dining, art galleries and rich history makes it an ideal destination for the debut of the iconic St. Regis brand in Australia,” said Lisa Holladay, Global Brand Leader, St. Regis Hotels & Resorts. “We are delighted to be working with Century Group Aus to open The St. Regis Melbourne and offer our guests impeccable service and exquisite experiences in Australia.”Located in the luxury mixed-use precinct Flinders Bank on the corner of Spencer and Flinders Streets, the new St. Regis Melbourne will serve as a landmark gateway to the city’s bustling Central Business District. Guests will also be within walking distance of Collins Street, known for its historic Victorian architecture, prestigious boutiques and high-end retailers, as well as the Melbourne Convention and Exhibition Centre.“We are honoured to be bringing this iconic brand to Australia,” said Connie Wu, Executive Director of Century Group Aus. “From the outset, we knew we wanted to create a hotel for today’s discerning and sophisticated traveller and the St. Regis brand’s timeless, tasteful and luxurious offering is the perfect fit. We are confident this hotel will become an architectural benchmark in the region and the jewel in the crown at Flinders Bank.”The 33-storey Flinders Bank will house the St. Regis Melbourne across levels 2 to 11 and include 168 luxuriously appointed guestrooms and suites, all of which will offer sweeping views of the Yarra River or city skyline. With interiors created by world-leading interior design studio, Chada, and the building designed by Fender Katsalidis Architects, The St. Regis Melbourne will be an instant icon and stylish addition to the city’s skyline. Refined food and beverage offerings will include a specialty restaurant in addition to a sophisticated Drawing Room space and the St. Regis Bar, which will serve up the local rendition of the brand’s signature cocktail, the Bloody Mary. Guests will also be able to immerse themselves in unparalleled leisure facilities, such as a fitness and wellness centre with a 25-metre indoor swimming pool and an exceptional Iridium Spa and beauty salon. Guests of The St. Regis Melbourne will also experience the renowned hallmarks of the St. Regis brand, including the legendary St. Regis Butler Service that personalises each stay according to guests’ unique tastes and preferences. The hotel will also be an ideal setting for exclusive corporate gatherings, special events and weddings.“This signing is an indication of the investment community’s confidence in the Australian hotel market, where we are seeing a growing demand for premium lodgings,” said Richard Crawford, Senior Director, Hotel Development, Australia, New Zealand and the Pacific at Marriott International. “The St. Regis Melbourne will be an outstanding addition to our strong and growing footprint in the region, where we are on track to boast the largest portfolio of upper upscale and luxury hotels and resorts, with two-thirds of the new supply pipeline.”St. Regis Hotels & Resorts is one of the world’s fastest growing luxury hospitality brands, more than doubling its footprint in recent years. There are currently more than 40 St. Regis branded hotels open worldwide and for more information please visit www.stregis.com.Source = St. Regis Hotels & Resortslast_img read more