Paul Cheong is new Head of Private Sector Commission
Business executive, Paul Cheong is the new Chairman of the Private Sector Commission (PSC).
A release yesterday from the PSC said that Cheong was elected at the PSC’s virtual Annual General Meeting on Friday.
Krishnand Jaichand is the ViceChairman, Ramesh Dookhoo is the Secretary, Zulfikar Ally is the Treasurer and Manniram Prashad is the Corporate Coordinator.
In his remarks, outgoing Chairman, Nicholas Deygoo highlighted that his main focus during his tenure as the Chairman surrounded restoring investors’ confidence in the economy through engagements with various stakeholders. These include a US Congressional delegation, the Jamaican Chamber of Commerce, the foreign missions in Guyana, and several government agencies as well as the new PPP/C ministers.
Deygoo said that Budget 2021 offers a range of measures to advance economic recovery and revive critical sectors that “took a severe beating from the political crisis that gripped the nation compounded by the Covid-19 pandemic”.
He added that the PSC is grateful that many of the recommendations submitted were considered and included in the budget. Among them is the removal or, in some cases, a lowering of taxes.
Deygoo said “My goal was to rebrand the organization into a business-centred unit, focused on the economic growth and transformation of the country, in light of its newfound oil wealth.” He underlined that “…the private sector cannot move forward without a stable political climate and clear policy direction from the government. And it goes hand in hand; the country cannot develop without the support and investments from the private sector.”