Business

We will have to wait and see just how the promise articulated in a CARICOM Secretariat  statement earlier this week that Caribbean Week of Agriculture (CWA) from September 4th- 8th, 2021 will be a “unique, game-changing event” will ‘pan out.’

While it has been importing needed molasses to ensure the integrity of its products, Demerara Distillers Ltd (DDL) is hoping that the current challenges associated with sourcing its supplies from the local sugar industry will be remedied in the shortest possible time, according to Executive Chairman of the company Komal Samaroo.

Most of the economies in the Caribbean are expected grow by around a cumulative 4.1 per cent this year with the Guyana economy leading the way in that growth trajectory according to the most recent “Economic Survey of Latin America and the Caribbean 2021: Labour dynamics and employment policies for sustainable and inclusive recovery beyond the COVID-19 crisis,” from the Economic Commission for Latin America and the Caribbean (ECLAC).

Just over four months after entering office as the sixth President of the Caribbean Development Bank, St Lucia-born Dr Dr Hyginus ‘Gene’ Leon has said that the advent of the COVID-19 pandemic has exposed some of the region’s frailties and pointed to some of the “structural issues” which have been impairing development long before the global malady hit.

Seemingly resigned to the reality that the Biden administration in Washington is not about to perform a volte face from the economic sanctions that have strangled international oil sales and effected a serious body blow to his country’s economy, President Nicolas Maduro is in the process of embracing China as a key ally in a broader quest to attract investment to Venezuela’s oil industry and hopefully open the door to a share of a global market.

Concern that the dynamics of the rich/poor divide may serve as a compelling barrier to rolling back the global scourge of the coronavirus would appear to be growing even as the United Nations itself begins to pointedly pronounce on the disparity in numbers between rich and poor countries insofar as the administering of covid-19 vaccinations are concerned.

In a move designed to close ranks on emerging organized crime in the region, the world’s largest international police organization, Interpol, has signed an agreement with the Government of Barbados that allows for the opening of an Interpol liaison office there, and eventually the strengthening Caribbean police cooperation and security.

Two and a half years after its launch as a modest cosmetics enterprise in Parika Market, Ganesh Fashions is, its twenty nine year-old Proprietrix Shondell Ragnauth says, just about ready to move to the ‘next level.’

Government is to create a new information-sharing sharing platform to enhance communication with Guyanese in the diaspora in matters pertaining to investment, remigration and other issues, a Department of Public Information (DPI) media release quotes Foreign Secretary Robert Persaud as saying.

(Reuters) – Just as tourism was beginning to show signs of recovery, the Caribbean has been hit by a new wave of coronavirus infections that is causing lockdowns and flight cancellations and overwhelming hospitals.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 931’s trading results showed consideration of $9,123,377 from 54,009 shares traded in 19 transactions as compared to session 930’s trading results which showed consideration of $8,732,550 from 18,537 shares traded in 18 transactions.

Guyana’s Amerindian communities will be hoping that President Irfaan Ali’s undertaking that the country’s ‘first people’ and their largely forest-based communities will benefit equally from the returns from the country’s oil and gas industry goes beyond the repetitive political promises, to actually improve the quality of their lives, which, half a century and a bit more after political independence, have gone, overwhelmingly, unfulfilled.

Gold Prices for the three day period ending Thursday September 9, 2021 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Even as speculation had become rife that India’s oil supply challenges arising primarily out of an idiosyncratic production posture on the part of the Organization of Petroleum Exporting Countries (OPEC) might have been eased somewhat by the prospect of a long-term oil supply deal with Guyana, a media report published on Monday by the media group Caribbean News Global (CNG) says that Guyana has walked aside from such a deal.

The ongoing Science, Technology, Engineering and Mathematics (STEM) Guyana programme has come in for high praise from the UK-based multinational oil company, Tullow Oil, for what the company says has been its “continued pursuit of dispersing STEM learning across the length and breadth of Guyana.”

If you think that the tried and tested pursuit of reading a book ‘from cover to cover’ might have been supplanted by the advent of information technology you may wish to know that there are instances, quite a few of them in fact, in which old habits die hard.  

Caribbean Business Report Despite making progress in its economic reform programme, Barbados still faces “severely depressed” conditions, according to the International Monetary Fund (IMF).