Business

On Wednesday 31 January 2024, Barbados Central Bank Governor Dr. Kevin Greenidge delivered the Bank’s review of Barbados’ economic performance for the period January to December 2023.

The Chief Executive Officer of NCB Capital Markets, Jamaica, Angus Young is predicting “slow 2024 economic growth in the Caribbean” this year, a likely circumstance which he attributes to various factors “such as struggling external demands, booming oil sectors, and historically low unemployment” according to a release from the entity.

The energy sector in Caribbean Community (CARICOM) member country, Trinidad and Tobago, would appear to be gushing with pride having recently been declared in the 2023 Extractive Sectors report as the fourth most transparent globally, a sector which, over the years, has been known for its proclivity for a lack of transparency and corrupt practices. 

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).

Up to this time, these, it would seem are among the most pleasing episodes in Keyon Duke’s young life.

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.

Seemingly mindful not to get left behind in what is now a region-wide focus on upgrading the food security bona fides of CARICOM countries, Jamaica is making significant investments in technology associated with the strengthening of its dairy industry.

By Joycelyn T. Williams, CEO, JTW Institute of Management The scope and broad intent of the Guyana Act No 18 of 2021, Local Content Act 2021 seems wide enough for a discussion to ensue on the condition and direction of the education sector within its parameters.

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.

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.

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.

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.

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.

In October 2023, the World Bank published the updated World Food Security Outlook (WFSO) report designed to monitor and analyze global food security, offering insights into severe food insecurity worldwide.

If the government can, within limits, be indulged in its up tempo reportage on the country’s first trillion dollar budget allocation, it needs to be reminded that, unlike in previous years, failure to effectively deliver (partially or entirely) on promises to which monies were allocated utilizing arguments about limited funding have now become far less credible given the enormous increase in the overall budgetary allocation this year.

With the prices of fruit and vegetables still cutting a swathe through ‘tight’ budgets at Municipal Markets in large swathes of coastal Guyana, the considerable numbers of shoppers who put in their appearances at last Sunday’s Farmers’ Market, at the Police Sports Club Ground, Eve Leary must have been pleased with what could be a reduction to their ‘budgetary tensions’.