Business

                                         Kitco Market Data Gold Prices for the three day period ending Thursday August 26, 2021

At a forum associated with the recent visit to Guyana by President Santokhi of Suriname, both Minister in the Office of the President Dr Ashni  Singh, and Suriname’s Foreign Minister, Albert Ramdin, reportedly expressed the view that, over time, Guyana and Suriname had failed to make good, the advantage of proximity to raise the profile of their bilateral relations in fields that include cross-country investment and other forms of business and economic cooperation.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 929’s trading results showed consideration of $20,768,855 from 44,243 shares traded in 10 transactions as compared to session 927’s trading results which showed consideration of $43,280,786 from 393,632 shares traded in 22 transactions.

The People’s Progressive Party/Civic administration has again signalled its intention to move to revise the existing contractual terms that obtain in respect of royalties “as part of a new Production Sharing Agreement (PSA) for future crude and gas projects” according to an August 17 Reuters news report.

With local entrepreneurial growth, particularly in the agri-foods sector having long been hampered by chronic weaknesses in mechanisms to allow for businesses to access regional, extra-regional and even local markets, the Inter-American Institute for Cooperation on Agriculture (IICA), through its Regional Economic Project Initiative, is seeking to help remove that constraint by working with the state-run Small Business Bureau (SBB) to introduce an e-commerce regime designed to create a new opening for local products to benefit from significantly enhanced market access.

Pheona Agard appears to like nothing better than ‘doubling up” as a secondary school teacher and an emerging entrepreneur preoccupied with what she says is “the blending of several business ventures.”

The administration of Cuban president Miguel Diaz-Canel has given the ‘green light’ to Cubans owning their own businesses, a move observers say could be the first step in the direction of ushering in economic reforms designed to help respond to the unrelenting pressures which the administration faces at the hands of Washington and in more recent times, the further debilitating impact of the COVID-19 pandemic on the Cuban economy.

At 50 Sonia Noel has lost none of her passion for fashion; except that her jubilee celebration is, she says, much more likely to bare the philanthropic side to her character.

By Matthew Smith for Oilprice.com The aggressive push to decarbonize the world economy is forcing big oil to examine how the carbon emissions of its operations can be reduced with a goal of becoming carbon neutral.

 The United Kingdom has given the green light to a replenishment of its funding to the Caribbean Development Bank with the issuance of a new Order for payments to the Bank’s Special Development Fund (SDF).

Concerned that the Caribbean and Latin America should become enlightened by the sobering experience of the still raging coronavirus pandemic and the devastating socio-economic impact which it continues to have on the hemisphere, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) Alicia Barcena has used the forum of the recent XXI Meeting of Foreign Ministers of CELAC to urge that the region become an actor in the development and production of new vaccines as part of its wider regional health strategy.

The confirmed presence of ‘world class’ oil deposits offshore Guyana does not mean that reaching and recovering those will be equivalent to the proverbial ‘walk in the park’ according to an August 15 Oil Now report.

Gold Prices for the three day period ending Thursday August 19, 2021       Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 928’s trading results showed consideration of $43,280,786 from 393,632 shares traded in 22 transactions as compared to session 927’s trading results which showed consideration of $17,605,897 from 47,620 shares traded in 16 transactions.

The national jollification associated with the public disclosure of our May 2015 ‘first oil’ and the several others that have followed had dragged on for some time though there are indications that it is beginning to occur to us that ‘all that glitters is not gold’ and that after the confirmed oil discoveries and the commencement of oil recovery and sales there are some challenging, even unpalatable realities that we ignore at our peril.

The elimination of systematic corruption, which is present in both Guyana and Suriname, is crucial to the two countries realizing their socioeconomic dreams from their respective multi-billion barrel oil fortunes, according to Arthur Deakin, a Co-Director of American Market Intelligence (AMI), in an article published earlier this week by News Source in New York.