Governor Delisle Worrell Projects Growth in 2015, International Reserves 1 Billion

Advertisements

Tags: , ,

110 Comments on “Governor Delisle Worrell Projects Growth in 2015, International Reserves 1 Billion”

  1. ac October 23, 2014 at 10:01 AM #

    David@arterexes

    When will you learn
    ………………………………………….
    That is one yardfowl ! with not enough scratch grain to feed

    Like

  2. David October 23, 2014 at 10:28 AM #

    @DD

    We will have to wait and see but private investment is about satisfying a mutual arrangement. We operate in a free enterprise don’t we?

    Like

  3. Gabriel October 23, 2014 at 11:41 AM #

    I am not convinced of the sincerity of David Ellis, who in my opinion no more than a news reporter but when I heard him on Brasstacks this morning I thought this was a strategic move by him to defend his friend Deelisle Worrell and the crap spewed forth by the same worrell as a true and accurate state of the performance of the economy based on statistics submitted by the Barbados Statistical Service.David Ellis fits the description provided by his friend Peter Wickham who suggested that journalism is a source of prostitution.When nobody called because nobody believes anything worrell or stuart says,Ellis brought in the controversial plain speaking,bull-in-a-china-shop approach adopted by Ryan Straughan,hoping to get the opportunity to put a positive spin on the worrell man.Barbados journalism stinks to high heaven.
    Do we have any professional journalists in Barbados?Do we have any Marsha Watsons in journalism in Barbados?It seems we do not.

    Like

  4. Artaxerxes October 23, 2014 at 12:00 PM #

    I’m reminded of a quotation by Ralph Waldo Emerson (1803–1882):

    “A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines.”

    Some people think to be consistently spewing rhetorical political diatribe that has no place in serious discussion, rather than on the political platform, is the cool thing to do. They believe this is demonstrating loyalty to their political party. However, they must recognize there will be occasions when trying to be consistent in applying the same method into different undertakings is not a wise choice.
    Hence, when an individual has endeavored to be foolishly consistent, even in the face of new circumstances or facts, they are effectively giving into a bad impulse [hobgoblin], which evidently indicates they have “little minds. Essentially, they don’t have the ability to think [rationally and analytically] for themselves.

    Like

  5. Sunshine Sunny Shine October 23, 2014 at 1:40 PM #

    The country sick, the country ain’t well and the PM sitting back and enjoying a nice rum and coke as he ponder the next set of victims to send home. And since I do not respect the arrogant son of a silent …itch (stuupse want the call he a c….nt) I see no reason why he can’t simply fire himself and let the entire island, except his PIMPS, applaud. With the DLP you can expect change for the worse…ITS WRITTEN IN HISTORY’S PAGES

    Like

  6. Due Diligence October 23, 2014 at 1:49 PM #

    Artaxerxes | October 23, 2014 at 12:00 PM |

    I’m reminded of a quotation by Ralph Waldo Emerson (1803–1882):

    “A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines.”

    Good post, but to infer that the politicians in Barbados are “statesmen” is flattering in the extreme to those politicians.

    DD has no party affiliation, nor does he have a vote. Just an observer from the Great White North, who finds the partisan politics played by both parties to be negative, adversarial, offensive and misleading, if not outright lies.

    A perfect example of the “consistently spewing rhetorical political diatribe’ is the recent performance by Minister of Finance Christopher Sinckler in Parliament reported in the Advocate at
    http://www.barbadosadvocate.com/newsitem.asp?more=local&NewsID=39537

    “THE Minister of Finance Christopher Sinckler believes that the Democratic Labour Party (DLP) has revived and brought new life to the tourism industry in Barbados with each new brand name hotel brought to the island.

    Lauding the present Minister of Tourism Richard Sealy for his work in the sector, Sinckler said, “We are now on a course where we have repaired the body, the middle, the gut of the tourism investment pool in Barbados.”

    …………..

    “So it is conceivable that in the next 18 months to two years, we can have investments from Sandals, we can have brand names like Sandals, Hyatt, Wyndhum, we have Hilton, Marriott on the island… we are talking four or five major properties on the island, and we have Radisson on board – six – and we would have done that.”

    Blame all that ails the tourism industry on the previous Administration, and take all the credit for all the positive developments that are “expected” to come to fruition some day.

    DD does agree with the Minister that the Americans (and Canadians) like brand names, with their marketing might.

    BUT, it is also conceivable that five years from now the only brands will be Hilton, Marriott, Radisson, and “soon come” Sandals.

    The Minister failed to mention the Four Seasons development, which was put together by the previous Administration and fell apart under this Administration, whose efforts to the resurrect it have so far been unsuccessful.

    The Minister of Finance and the lauded Minister of Tourism talk about the $200 million dollar rebuild of Sam Lord to be operated by a major brand; but fails to mention that the property, formerly managed by Marriott, was acquired, and left to decay for years by CLICO (who I understand still owe the Grant family for the property).

    He failed to mention the Merricks and Pure Beach projects, started under the current Administration; but which have failed, leaving hundreds of offshore investors who have lost all the millions of dollars they invested for a piece of de Rock to unscrupulous promoters who were allowed to set up shop in Barbados by this Administration.

    Like

  7. Prodigal Son October 23, 2014 at 1:53 PM #

    Is the PM well?

    Why has President of the BAS decided not not make a comment on the Central Bank’s report as is the normal practice?

    Has he been silenced as a result of recent promotions elsewhere?

    I am just asking!

    Like

  8. Prodigal Son October 23, 2014 at 2:04 PM #

    @ Due Diligence | October 23, 2014 at 1:49 PM |

    “THE Minister of Finance Christopher Sinckler believes that the Democratic Labour Party (DLP) has revived and brought new life to the tourism industry in Barbados with each new brand name hotel brought to the island.

    Lauding the present Minister of Tourism Richard Sealy for his work in the sector, Sinckler said, “We are now on a course where we have repaired the body, the middle, the gut of the tourism investment pool in Barbados.”………

    Some time ago, to pre-empt the bad news of a coming downgrade, this duo called a press conference and announced a kinds of lofty projects that were to come on stream in weeks……..the liar said……”the project is on my desk and will be signed off……the next project and the next project will be taken to cabinet in two weeks”……and on and on the promises went.

    We are still waiting. A caller on Brasstacks asked today about the much touted marina and the Bridgetown development plan. Have you heard them spout anything of these projects since that press conference?

    Does anyone believe that a brand name like Hyatt would construct a hotel on Lower Bay Street with Miss Ram junk yard below it and the junk Empire in front. Give me a break!

    Like

  9. Due Diligence October 23, 2014 at 3:05 PM #

    Prodigal

    re you saying the Empire has not been restored.

    This is from a January 16, 2013 story in Barbados Today

    $10 m. facelift for Empire Theatre building

    $10 million!

    That’s how much it will take to restore the historic Empire Theatre building.

    The long awaited restoration is expected to commence very soon, but cost will not be borne by the Barbados Government. Instead, a consortium of investors, led by Mark Maloney of Preconco Limited, will finance the entire project from their own coffers.

    This was revealed by Minister of Culture, Stephen Lashley, this morning as he updated the media on the restoration project.

    Though he was unable to definitively state when the work would begin, he assured that the company had the finances and were set to commence work as soon as the Town and Country planning approved all of the proposals.

    …………….

    The Empire Theatre was constructed in 1922 and was believed to be last operational in 1984. Efforts to restore the building date back to 1997.”

    Must be waiting T&CPO approval.

    I guess, in the words of the MOF, work will start SOON.

    Once that is cleaned up, Preconco will be able to get on with building the Hyatt Twin Towers.

    Like

  10. millertheanunnaki October 23, 2014 at 3:32 PM #

    @ Prodigal Son | October 23, 2014 at 1:53 PM |
    “Why has President of the BAS decided not not make a comment on the Central Bank’s report as is the normal practice?”

    I believe you are referring to the President of the Barbados Economics Society (BES).
    The man has been silenced using typical DLP torture techniques. You either stop with your criticisms of the policies of the this DLP administration or you lose your little pick on the Hill and starve.
    Don’t be surprised if he has taken over from Prof. Howard.
    One thing for sure about Jeremy. He will never be the Guv of the Central Bank which is in for major restructuring and downsizing.

    Like

  11. David October 23, 2014 at 4:08 PM #

    Isn’t PM Stuart suppose to be Chair of a Cabinet sub Committee to oversee the timely implementation of government projects to drive economic recovery?

    On Thursday, 23 October 2014, Barbados Underground wrote:

    >

    Like

  12. Wily Coyote October 23, 2014 at 4:13 PM #

    I see Wacky WORRELL is once again making HEADLINES……

    —- predicting future growth– I thik I heard this one in 2011,2012 2013 and now 2014, at least he’s sticking to a constant tune, even though he’s totally out of tune.

    —- quoting numerous financial facts, where are the numbers to match the quoted facts. IMF states that they do not believe the BOB facts.

    —- quoting billions in future projects taht are going to save the country. Country cannot even finish what they’ve started — Four Seasons, Pierhead Development, New Port Facilities, should I go ONNNNNNNNN.

    —- NIS(poor pensioners money) bailing out the TRANSPORT BOARD severance payments

    AND THE LIST GOES ON AND ON AND ON, meanwhile the country falls further into recession and imminent FINANCIAL FAILURE.

    DEATH, TAXES, CORRUPTION AND MIS-MANAGEMENT.

    Like

  13. Prodigal Son October 23, 2014 at 4:35 PM #

    @ Gabriel | October 23, 2014 at 8:18 AM |

    “………….,Barbados Shipping and Trading had threatened to stop payment of all taxes to the Treasury,later denied by the scion of commerce at that time and a known acolyte of the Democratic Labour Party,Dougie Lynch.It would appear that such a move is in the making to force the hand of the Governor General.Last count of ayes indicates the 11 is now nearer the magic number”…………………….

    Gabriel,

    I do not think that this will ever happen. This GG owes his position to these lying whelps called Dems. He will not rock their sinking boat.

    But wait, what does his job description entail? Is it to visit a primary school every week? He does not seem to have anything much to do when the day comes!

    Like

  14. millertheanunnaki October 23, 2014 at 4:37 PM #

    @ David | October 23, 2014 at 4:08 PM |

    There is a disease called sleeping sickness that afflicts the man that even tsetse flies refuse to pass on.
    It is impossible to somnambulate while sitting in a chair wide awake in a comatose state and intoxicated with the stupefying wine of incompetence an indecision.

    Why don’t you take a visit to the man’s office and observe the paperchase pile of numerous files of Mount Stinkeroo proportions marked “Urgent Action Required” and see the mountain of inefficiency and slothfulness the country’s economic fortunes are up against.

    Like

  15. Gabriel October 23, 2014 at 5:11 PM #

    Prodigal
    The man is sick.He will not be there for too long.He and Stuart are sick
    pensioners who refuse to lie down.
    Wily Coyote
    This is a hand-to-mouth government.The money for the severance came from the millions now being paid into the treasury by the land owners of Barbados.

    Like

  16. Due Diligence October 23, 2014 at 5:21 PM #

    @ Prodigal

    But wait, what does his job description entail? Is it to visit a primary school every week? He does not seem to have anything much to do when the day comes!

    Don’t forget he has to visit and lift a glass of white wine, with every centenarian as the pass the 100 milestone, and every birthday thereafter.

    Like

  17. ac October 23, 2014 at 6:05 PM #

    memp from the desk of the BLP yardfowls
    Compiled
    A list of to do things

    Retrenched Workers to be Paid………..OFF THE LIST..
    Enviromental TAx;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;OFF THE LIST
    Hoteliers Concessions………………………OFF THE LIST
    BURSARIES……………………………………

    Univesity Fees……………………………………….OFF the List
    AFRICA Ban…………………………………………..OFF the list

    ac here thinking that by 2018 the BLP going to looking at and handing the electorate a BLANK LISt.

    Like

  18. David October 23, 2014 at 6:15 PM #

    The anti-government rhetoric is reminiscent of the lead in to the general election in 2007. This government has become even more unpopular than the Sandiford administration in the opinion of BU.

    Like

  19. millertheanunnaki October 23, 2014 at 6:16 PM #

    @ ac | October 23, 2014 at 6:05 PM |

    PRIVATIZATION OF STATE-OWNED COMMERCIAL ENTITIES ………………Added to the List

    RETRENCHMENT OF MORE PUBLIC SECTOR WORKERS ………………still on the List

    ADDITIONAL TAXATION ON POOR PEOPLE ……… …… …still on the List

    DEVALUATION …still on the List

    Like

  20. Prodigal Son October 23, 2014 at 6:18 PM #

    @ Wily Coyote | October 23, 2014 at 4:13 PM |

    “I see Wacky WORRELL is once again making HEADLINES……

    —- predicting future growth– I think I heard this one in 2011,2012 2013 and now 2014, at least he’s sticking to a constant tune, even though he’s totally out of tune.For the last six years, the Governor of the Central Bank has been telling Barbadians that the economy is on a growth path and even had the audacity to predict the level of growth”………………………………….

    I quite agree with you, Wily Coyote!

    None of that has ever materialized even in 2013 when he and the lying whelps blatantly lied to the electorate and said that the economy was stable and on a growth path.

    Makes me think that the governor is on a growth path to Alzheimers! Not one of his predictions have come true and in fact the economy is growing worse and worse. Where is he going to find areas to advise the most inept and incompetent MOF to impose more taxes?

    Chris Stinkliar should never be near any ministry dealing with finance. He is an idiot in financial matters.

    Like

  21. David October 23, 2014 at 6:24 PM #

    Here is the big question, how is the government planning to achieve the 2% expenditure adjustment of GDP. It must be more cuts or taxes.

    Like

  22. Postage Paid October 23, 2014 at 6:26 PM #

    Is that sub committee not chaired by Estwick but who has refused to hold any meeting bacause?????????

    Like

  23. Postage Paid October 23, 2014 at 6:27 PM #

    David

    It will be a lot of both

    Like

  24. David October 23, 2014 at 6:29 PM #

    @Postage Paid

    How can you tax more which leads to less discretionary income and less economic activity?

    Like

  25. ac October 23, 2014 at 6:36 PM #

    Good job miller

    But no 1 on your (blp ) list should be removed forthwith ,last election it got wunna a,ss kicked,

    hey DAVID now take it easy,,

    the deficit has shrunk and the Govt found a way to do so,, now how so hard it is going to be to cut a measly 174 million. ,the worst is behind, as a matter of fact when it happens you might not even noticed,

    Like

  26. Crusoe October 23, 2014 at 6:38 PM #

    David | October 23, 2014 at 6:29 PM | @Postage Paid
    How can you tax more which leads to less discretionary income and less economic activity?

    Very easily, if you flat out just don’t understand the how the economy works at its business micro level, and how that feeds into the macro level.

    Like

  27. David October 23, 2014 at 6:49 PM #

    The government struggled to achieve a .9% reduction in the deficit to September, how the hell will a 2% be achieved for the year?

    Like

  28. Postage Paid October 23, 2014 at 6:51 PM #

    David
    How many years in a row have the DLP added more taxes every budget day? Is history not the best predictor of future behavior?

    Like

  29. Postage Paid October 23, 2014 at 6:53 PM #

    David
    2% for the year or 2.1% more for the balance of the year make a total of 3%?

    Like

  30. David October 23, 2014 at 6:56 PM #

    @POstage Paid

    Yes, an additional, mindbogglingly!

    Like

  31. David October 23, 2014 at 7:12 PM #

    Another question, the Central Bank report makes mention of Capital inflows of 399 million up from 173 million prior year. What is the borrowing component of the number?

    Like

  32. watchman October 23, 2014 at 7:15 PM #

    The mindboggling in Barbados, we have the DLP yardfowls,the BLP yardfowls and the white mouth fowls

    Like

  33. Hants October 23, 2014 at 7:22 PM #

    @ David,

    The last two months of the year should see a big increase Tourism earnings over the previous 2 months.

    Like

  34. Hants October 23, 2014 at 7:32 PM #

    Could this be another terrorist attack?

    http://www.nbcnewyork.com/news/local/Police-Officer-Attack-Queens-280211092.html

    Like

%d bloggers like this: