Daily Archive: Friday, November 11, 2022

Articles published on Friday, November 11, 2022

US firm picked for negotiations on gas to energy plant

Cabinet yesterday issued a no-objection to a US firm being ranked  number one to build a 300 MW power plant fuelled by offshore natural gas – drawing the country closer to a project that will spew climate warming residues and be the most expensive public sector undertaking in Guyana’s history, replete with safety and other risks.

Business Comment

Having announced recently that its Third Business Development Forum was due to commence today, Friday, November 11, the Georgetown Chamber of Commerce and Industry President, Timothy Tucker, declared that of late, the Chamber has been focussed on access to capital and the securing of (presumably lucrative) joint venture partnerships, altogether sound and legitimate preoccupations that are a corollary to the wider mission of it taking advantage of the entrepreneurial openings that have been created by the opportunities that have been opened up in a Guyana economy that is in a condition of accelerated transformation and ensuring that its members benefit from those opportunities.

Brazil pockets US$9 billion in oil earnings for last quarter

Political uncertainties associated with Brazil’s now concluded general elections that brought an end to the presidency of Jair Bolsonaro did not prevent South America’s largest oil company, Brazil’s Petrobras, from racking up net profits totalling US$9 billion dollars, over the most recent quarter, though that return was down from the previous quarter while reflecting a 48 per cent improvement over the same period last year.

St. Lucia’s geothermal energy potential for probe

As higher global oil prices continue to worsen the economic woes of Caribbean Community (CARICOM) member countries, a disclosure has been made to the effect that the World Bank will be partnering with the United Kingdom and Canada in pursuit of a geothermal operation in the island territory of St.

Fidel Castro

Former Latin American leaders want US to change Cuba policy

The recent intervention by eighteen former Latin American and Caribbean leaders seeking Washington’s removal of an economic blockade against Cuba that has been in force for more than half a century, reflects what is still an enduring region-wide mindfulness that Cuba deserves better, having once been the socio-economic ‘live wire’ of the region prior to the revolution that swept the Castro regime into power.

Sealing the gaping cracks in the region’s commitment to food security

With the past year particularly, having presented the Caribbean with irrefutable evidence that its food security credentials are nowhere close to where we might have imagined them to be, the “early 2023” breaking of the ground for the creation of a seven-acre facility intended to serve as a food logistics hub and trans-shipment area for agricultural produce from Guyana to meet the needs of the region in times of crisis, has to be kept in sharp focus.

Kitco Market Data

Gold Prices for the three day period ending Thursday November 10, 2022 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Non-functioning standing committees

Last week AFC President Cathy Hughes said at her party’s weekly press conference that parliamentary scrutiny of government was being hindered by the fact that certain key committees were not functioning. 

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 992’s trading results showed consideration of $18,738,581 from 76,653 shares traded in 16 transactions as compared to session 991’s trading results, which showed consideration of $16,945,862 from 35,608 shares traded in 19 transactions.