Business

On July 6th, 2023, members of the Executive Management Commit-tee of the Georgetown Chamber of Commerce & Industry met with representatives of Esso Explora-tion & Production Guyana Ltd.

The Stabroek Business welcomes the recent disclosure by the Georgetown Chamber of Commerce & Industry (GCCI) regarding the staging of a Small Business Week (July 21-29), whilst, simultaneously raising some issues which, we believe, are critical to ensuring that the event is impactful insofar as it redounds to the benefit of the small business community, as a whole.

The ground-breaking June 5-15 trade and investment mission to selected African countries by the Caribbean Export Development Agency (Caribbean Export) and the anticipated August 4 launch of the Africa EXIM Bank in Barbados points to an increasingly aggressive regional posture in the matter of upping the level of trade and economic ties with the African continent.

A recent article on climate change in the Caribbean published by the International Monetary Fund (IMF) has said that the island territories, collectively, are “the most exposed region to climate-related natural disasters,” and puts its “estimated adaptation investment needs” at more than $US 100 billion, an amount which the article says is “equal to about one-third of its (the region’s) annual economic output.”

By Raphael John-Lall (T&T Guardian) President of the Supermar-ket Association of T&T (SATT) Rajiv Diptee is warning of dire consequences like hunger and malnutrition if T&T and the rest of the region do not achieve food security in the short term.

Towards the end of June the Caribbean was made aware that its food security condition had realized something of an improvement, albeit a marginal one, compared with what we had been told back in August last year.

Take a walk through downtown George-town, – Shopping Malls, Pavements and just about any other convenient spaces and you are likely to see evidence of bustling entrepreneurial pursuits of all sorts.

One of the things that the emergence of the oil and gas sector appears to have done for Guyana is to trigger an upgraded interest in entrepreneurship of one kind or another.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1026’s trading results showed consideration of $88,321,064 from 317,043 shares traded in 72 transactions as compared to session 1025’s trading results, which showed consideration of $41,206,264 from 82,784 shares traded in 36 transactions.

ExxonMobil is one of several American oil companies that reportedly experienced a “rough first half of 2023”, according to a June 24 article published under the name of former President of the high profile Texas Alliance of Energy Producers, Alex Mills.

Director of the local fashion design company, Junshazyna’s Academy of Designing & Technology Inc.,

Recent reporting on the pace of recovery by Venezuela’s oil industry from the havoc wreaked on its exports (on account of the United States blockade) and on the country’s economy as a whole, strongly suggests that the Maduro administration now needs to look inward for solutions to the wave of internal challenges that are no less challenging, and which threaten to wreak further havoc on the country’s already beleaguered economy.

The Cuban revolution may now be more than fifty years old and the ideological ties that have bound the two countries across the decades may have become diluted in the face of the harsh global economic realities that have caused both countries to reset their relations to, increasingly, embrace the ‘hard edge’ of economic realities.

Brazil continues to attract global attention for the proficiency with which it continues to transform its technological know-how into meaningful economic initiatives, on this occasion through its proficiency in realizing electricity generation from sugar cane biomas.

Delegations from Caribbean Community (CARICOM) member countries and Canada last week seized the opportunity afforded by their being in Washington, simultaneously, to participate in the General Assembly of the Organization of American States (OAS) to engage in discourse on matters relating to the Caribbean Community (CARICOM) and Canada.

In what is being seen as an indication that the United Nations may be about to set aside its posture of diplomatic avoidance of what it regards as an ever worsening climate crisis, driven in part by unrelenting fossil fuel recovery and continued pushback by influential oil industry officials, United Nations’ Secretary General, Antonio Guterres, now appears to have ‘called time’ on the ‘softly, softly’ position with which the body has been taking on unchecked fossil fuel recovery.

While there can be no question of putting other regional emergencies, including food security to one side, even for a limited period, President of the Caribbean Development Bank (CDB) Dr.