Daily Archive: Friday, January 1, 2021

Articles published on Friday, January 1, 2021

Barbados apologises to Sandals

(Jamaica Observer) The Barbados health ministry yesterday issued a public apology to Sandals Barbados, saying that three people detained by the police for alleged breaches of COVID-19 protocols had no connection with the resort chain.

Courtney Benn Contracting granted credit by asphalt plant in defiance of Board’s instructions – report

Among the findings of the team appointed to investigate the alleged financial misconduct at the Demerara Harbour Bridge Asphalt’s Plant, is management’s continuous granting of credit to Courtney Benn Contracting Services Limited (CBCSL) despite the decision of the directors to discontinue selling asphalt on credit to this client until all monies owed are collected.

Small Business Bureau Chief Executive Officer,
Dr Lowel Porter

SME’s remain on Bureau’s radar – Porter

Still to emerge from a testing tunnel of tough times, including sustained underfunding and more recently, a drastic decline in business growth arising out of the advent of the COVID-19 pandemic, the country’s small and micro businesses are likely to have to dig even deeper in the period ahead in 2021, based on the early signals sent during a recent interview with Chief Executive Officer of the Small Business Bureau (SBB) Dr.

Yuri Garcia Dominguez and Ateeka Ishmael

Jamaica Gleaner ‘flags’ Guyana pyramid scheme racket

It appears that the ‘rash’ of so-called pyramid schemes proffering unsustainable ‘business models’ where a handful of ‘first in’ participants feed off those who enter lower down the chain and which appears to have been taking root in Guyana have attracted the attention of other countries in the region, triggering reports in sections of the regional media.

ECLAC hedging its bets on region’s short-term growth

The likely extent of the recovery in the Caribbean and Latin American economies next year will be insufficient for the region to reach the economic activity levels seen in 2019, prior to the coronavirus pandemic, the Economic Commission for Latin America and the Caribbean (ECLAC) says in its ‘preliminary overview’ of economies of the region’ for 2020.

WHO Health Emergencies Programme Director Dr. Michael Ryan   

Ginger growers cashing in on COVID-19-driven spike in demand

Local interest in ginger may not be exactly marginal though the extent of its cultivation and use locally pales into insignificance when compared with other countries in Latin America, Asia and Africa, not least, China and India, the world’s two leading ginger exporters, and Nigeria, reportedly Africa’s biggest consumer.

T&T’s small businesses grant funding targets export-worthy products

Trinidad and Tobago’s Ministry of Trade and Industry, late in December, issued an invitation to the country’s small and medium-sized enterprises to begin to submit applications for funding under government’s Grant Fund Facility which is available to qualifying businesses to help build capacity and increase business competitiveness, a recent report in a section of the Port-of-Spain media says.

President Nicholas Maduro

‘Zombie’ tankers

If few astute analysts of United States foreign policy are likely to bet that the passing into history of the Trump administration will take with it the pressures that sit like a hangman’s trap door beneath the Maduro administration in Venezuela they would do well to think again.

U.S. stocks in 2020: a year for the history books

NEW YORK,  (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website, Kitco.com, for gold news, commentary and market information

Gold prices

                                               Kitco Market Data Gold Prices for the three day period ending Thursday December 31, 2020

Critical challenges

Whatever predictions and projections we might have as a nation for the year that begins today, these cannot fail to take account of the formidable imponderables with which we are confronted.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 895’s trading results showed consideration of $300,790,924 from 3,662,850 shares traded in 17 transactions as compared to session 894’s trading results which showed consideration of $10,785,489 from 109,563 shares traded in 28 transactions.