Business

Egbert Field
Egbert Field

Phased reopening of airports – frequent business flier advocates `extreme caution’

A seasoned Guyanese businessman who spoke to the Stabroek Business on condition that he be described only as a “frequent flier” has said that the recently announced phased re-opening of the Cheddi Jagan and Eugene F Correia International Airports announced by the Guyana Civil Aviation Authority (GCAA) has to be approached with “extreme caution” since “the nature of international air travel allows for things to go wrong once they are overlooked; and believe me, it is easy for things that we have little or no control over to be overlooked,” the businessman added.

The Acerola cherry
The Acerola cherry

Local agro processor pushing cherry as a valuable nutritional option

Local cherry juice manufacturer Fitzroy Fletcher wants to see the West Indian cherry, known globally as Acerola, featuring far more prominently in the food consumption profile of Guyanese given the fact that it remains one of nature’s richest sources of Vitamin C, possessing twenty times that of the orange.

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
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 June 11,2020

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corporation or Ministry of Agriculture.

Need for clarification on re-opening of The City Mall

For all the reality that the protracted closure of the City Mall has created hardships for people who ply their trade inside the facility (the same can be said for other businesses across the country), not everyone will be particularly comforted by its sudden re-opening.

Empty: Getting to the nearest petrol station

Venezuela’s ‘new normality’ – gasoline at ‘international prices’

In one of the more telling indicators yet that Guyana’s western neighbour, Venezuela, has fallen on seriously hard times, the country’s President, Nicholas Maduro, announced on Sunday that beginning last Monday, the country officially credited with possessing the single largest reserves of oil anywhere, has set aside its long-standing policy of providing citizens with gasoline at highly subsidised prices.

Renewable energy

Shares in renewable energy companies outperforming fossil fuel stocks – report

A recent study undertaken by the International Energy Agency (IEA) and Imperial College, London, reported in the Business Green on Friday that shares in firms investing in renewable energy not only “significantly” outperformed fossil fuel stocks in some of the world’s richest countries but also “displayed far more resilience to the disruption caused by the coronavirus pandemic” since the beginning of 2020.

Pandemic will shrink region’s GDP by at least 3 – 4%

With Latin America and the Caribbean facing the COVID-19 pandemic “from a weaker position than the rest of the world” there is, as yet, no telling what the pandemic’s economic impact on the region is likely to be at this stage, according to a recent assessment undertaken by the Economic Commission for Latin America and the Caribbean (ECLAC).

A branch of CIBC FirstCaribbean Internati-onal Bank in Kingston, Jamaica.

FirstCaribbean reports big loss due to COVID

(Jamaica Gleaner) CIBC First Caribbean Interna-tional Bank, which operates in Jamaica and throughout the region, recorded a net loss of US$110 million for the April second quarter, due to the impact of COVID-19 on its operations.

Market Prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corporation or Ministry of Agriculture.

Kitco Market Data

Gold Prices for the three day period ending Thursday June 4,2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

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