The number of Chinese investors who wish to establish businesses in the Guyanese market has begun to decline, which could mean the influx of traders will soon stabilise.This is according to the Chief Executive Officer of the Guyana Office for Investment (GO-Invest), Owen Verwey, who noted that the amount of investments reaching the agency from China is fewer than that which was recorded a few years ago.“In terms of the Chinese Industries coming to Guyana, I think it’s more or less stabilised now. We don’t see as many as (we were) seeing before,” Verwey said.This, he said, is completely normal since there are instances when an influx of investors would flood the market to establish trades, and these numbers would later stabilise.“Presently, the situation is at the stabilisation level in Guyana, and the future will tell if these numbers would remain or decrease further.“As things change, you see an influx, and then starts to stabilise and it either stays at that level or it declines. I think it’s coming more focused and more planned within the intentions and strategies and policies of [the] Government of Guyana,” said Verwey.In November, China will be hosting its inaugural China International Import Expo, which is intended to merge exporters from around the world to determine what can be imported into the country. Presently, China is one of the largest manufacturing and exporting nations in the world, and hence the expo will provide a medium for the country to showcase its interests in the exports of other countries. For this, over 21 companies from Guyana will be participating.“On the international forum, there is the inaugural China International Import Expo which will be held (from) November 5-10. We had the launching of that in Guyana, the information is well out there, and we have about 21 companies from Guyana who will be attending with us. The big advantage of this event is (this is) the first time China is opening its economy to imports, and it’s actually allowing you to showcase what you have to send to China.”While the manufacturing industry is one of the emerging sectors in Guyana’s economy, Verwey explained, there are still some challenges, mainly in the cost of energy consumption as well as the consistency of the power supply. However, many of these projects are now in the initial stages, and produce results when they are completely established.“The cost of power is the number one issue. In our agency, manufacturing is one of the primary sectors that we look at, so anything manufacturing-related we tend to give attention. There are some activities that are going on at the early stages right now. Overall, manufacturing did have its challenges over a number of years, both energy cost and energy reliability affecting it, and the overall cost of production and shipping,” Verwey explained.
2 Freddie Ljungberg has returned to Arsenal as their new U23 head coach Arsenal have confirmed the appointment of club legend Freddie Ljungberg as their new Under-23 head coach.The former midfielder played more than 200 matches for the Gunners and won the Premier League twice – including Arsenal’s famous ‘Invincibles’ title win – in a nine-year spell at the club from 1998. ✅ #AFCU15✅ #AFCU19🔜 #AFCU23#WeLoveYouFreddie 🎵 pic.twitter.com/aok01ospoK— Arsenal FC (@Arsenal) June 12, 2018Ljungberg joined Arsenal from Halmstad in 1998, and played a prominent role in the north London side’s Premier League and FA Cup double triumph of 2002.He was also part of the Invincibles team which went unbeaten for the 2004 league campaign.The midfielder left Arsenal in 2007 before brief spells at West Ham, Major League Soccer sides Seattle Sounders and Chicago Fire, and Scottish giants Celtic.He hung up his boots in 2012.Ljungberg, who also played 75 times for Sweden, previously coached the Arsenal Under-15 and Under-19 squads.He moved to Wolfsburg as former Arsenal Academy manager Andries Jonker’s number two, but left when Jonker was sacked by the German side after just seven months in charge. Following a short stint as assistant manager at Wolfsburg, the former Sweden international will formally return to Arsenal next month.“I’m delighted to be returning to the club,” Ljungberg, 41, said.“Arsenal has always been a special place for me and I’m really excited at this opportunity to work with our under-23 team.“I look forward to working with the talented young players we have at the club.“I know many of them well and will work hard to help them continue developing and become the best players and people they can be.” 2 Ljungberg spent a six month spell as assistant manager at Wolfsburg Arsenal’s new Academy manager Per Mertesacker said: “It’s great to have Freddie back at the club. He brings great footballing experience and the highest possible levels of enthusiasm, energy and encouragement for our young professionals.“He understands the club’s values and how important it is to give young players the opportunity to grow and develop.“When Freddie left for Wolfsburg it was with the club’s blessing and with a return to Arsenal some day in mind.“Everyone knows Freddie loves the club and we look forward to him developing his career with us.”