Daily Archive: Friday, February 2, 2024

Articles published on Friday, February 2, 2024

Kaieteur Falls

2024 budget signals another tilt at a showpiece tourism industry

Having recorded a number of ‘false starts’ and even, at times, questioned the ‘ideological compatibility’ of a tourism industry with the country’s ‘ideological outlook’, Guyana would appear to have now fully embraced the reality that the various socio-political changes that the country has undergone over the years has now readied it for serious investment in tourism, a sector that has made its mark in most of the rest of the Caribbean Community (CARICOM).

 Bharrat Jagdeo

Gov’t still hopeful for US EXIM Bank gas $$ -Jagdeo

Government here does not believe that the United States will pause overseas funding on Liquefied Natural Gas (LNG) projects as it recently did internally, but nonetheless has alternative plans for financing if the US EXIM Bank funding isn’t approv-ed, Vice President Bharrat Jagdeo yesterday said.

John Applewhite-Hercules

February 6th ASGM forum targeting small scale gold miners, engineers, potential investors

With the country’s gold mining sector continuing to hold its own in an economy that is now driven overwhelmingly by its oil bonanza, the advent of the privately-owned sector support entity, Artisanal Small Gold Miners, Guyana (ASGM), seeks to broaden the technical support base available to a sector that still remains close to the ‘top of the pile’ in terms of its value to the country’s overall economy.

Priya Manickchand

Manickchand in Facebook spat with Dharamlall

Minister of Education Priya Manickchand engaged in a public spat with her former colleague, Nigel Dharamlall, on Facebook yesterday after he accused of her “wanting credit” for the construction of a new bridge being used by the school of Jawalla in Region Seven.

Judge to rule within two weeks on proof of Exxon guarantee

While he has not set a specific date, Justice of Appeal Rishi Persaud said that he will deliver his ruling within the next two weeks, on whether he has jurisdiction to order  ExxonMobil to provide proof that it has indeed lodged a US$2 billion guarantee which is intended to indemnify Guyana against an oil spill and associated perils.

Dominican company wins soap case against Jamaica

The Caribbean Court of Justice (CCJ) has found that Jamaica—as a CARICOM Member State—has breached provisons of the Revised Treaty of Chaguaramas (RTC) which is intended to protect products manufactured within the region, by imposing a 40% tariff on-like products being imported from external sources.

Stock Market

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1056’s trading results showed consideration of $11,207,570 from 68,485 shares traded in 28 transactions as compared to session 1055’s trading results, which showed consideration of $77,305,803 from 151,771 shares traded in 37 transactions.

‘Lead’ CARICOM Heads must now put their hands up on timeline for Food Security Terminal

It would not surprise us one bit if, in the wake of the promulgation of Guyana’s first trillion-dollar budget, rather than dwell more exhaustively on institutional allocations and how these can /will impact on the various sectors, we were to be criticized for continuing to anchor our editorial focus to the regional worry over matters to do with food security, particularly since there has been no definitive indication of any significant improvement in the status quo focus – particularly in the smaller, agriculturally weak countries in the region – over the past year and more.

Hamilton to race for Ferrari from 2025

(Reuters) – Seven-times world champion Lewis Hamilton, Formula One’s most successful driver of all time,will race for Ferrari from 2025 after activating a release option in the Mercedes contract he signed in August.

21 teams registered for U23 Basketball League

With the deadline for registration set for January 31st, 21 teams have confirmed their participation in the impending Guyana Basketball Federation (GBF) U23 League, according to Vice President of the Guyana Basketball Federation (GBF) Jermaine Slater.

Eve Leary Farmers’ Market: Sunday January, 21, 2024

Farmers’ Markets: Helping to fend off high food prices

The Stabroek Business’ coverage of the Sunday January 21 Farmers’ Market held at the Police Sports Club, Eve Leary in its Saturday January 27, 2024 issue addressed, mostly, the interaction between buyers and sellers in much the same manner as applies at Municipal Markets, never mind that in Farmers Markets consumer expectations focus, primarily, on ‘knock down’ prices.

Fossil fuel bosses brought “marketing and spin” to COP 28 forum: Global Witness report

With COP 28, the 28 Annual United Nations Climate Meeting not ‘many moons’ behind us, global heavyweight oil and gas companies have been accused by environmental lobbyists of proffering ‘spin over substance’ undertakings at the Dubai forum to cut emissions even as their operational plans, going forward, point to the projected production of “billions of tonners of CO2” in the years ahead.

Fashioning Change

By Brooke Glasford Gone are the days of the telegram and having to wait weeks and months to hear from someone in another part of the world by letter.

This GTU strike now is uncalled for

Dear Editor, The GTU has called on teachers to strike from Monday, 5th February 2024, and thereby disrupt the learning process of students during an academic term which is only 11 weeks long and a precursor to the period during which students undergo ‘life altering’ examinations such as CSEC and NGSA.