Business

-as company looking to double acreage The success of soya bean cultivation has seen new investors looking to tap into the local market, even as pilot company, Tacama Gold, begins plans to expand by more than doubling its operations, planting some 7500 hectares for its first 2025 crop.  

-signs on to no-fossil-fuels treaty Antigua and Barbuda is aiming at 100% clean power by 2030 and has become the first non-Pacific country to endorse the Fossil Fuel Non-Proliferation Treaty which aims at phasing out oil, gas and coal.

(Trinidad Guardian)  ANSA McAL Group CEO, Anthony Sabga III, said yesterday the company took the decision to suspend its dividends for three years in order to reallocate capital to fund future acquisitions as well as continue investing in technology and automation to drive efficiencies and optimise supply chains.

Access to foreign currency has improved slightly—at least for members of the Georgetown Chamber of Commerce and Industry (GCCI), according to newly sworn-in President Kathy Smith.

-Basic Needs Trust Fund programme to continue The Caribbean Development Bank (CDB) says that the Linden to Mabura Hill road project, while it has faced some delays, is progressing well and that a team, including environmental and social specialists, is set to visit Guyana this week to work through the remaining challenges.

Guyana Bank for Trade and Industry (GBTI) customer Surendra Tulsi says that $2.2m has disappeared from his joint account at the bank and that he has gotten no satisfaction.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1116’s trading results showed consideration of $120,799,925 from 481,550 shares traded in 74 transactions as compared to 1115’s trading results which showed consideration of $22,196,292 from 61,041 shares traded in 32 transactions.

(Trinidad Guardian) The US Government’s proposal to impose huge fees on Chinese-built or Chinese-flagged vessels docking at US ports could increase the cost of freight to the Caribbean by between 50 and 60 per cent, which could result in higher prices on imported goods of 15 to 20 per cent.

Gold Prices for the three-day period ending Thursday March 27, 2025.

-Persaud highlights need for review of Partial Scope Agreement Guyana and the state of Roraima in northern Brazil this week renewed efforts to deepen economic ties while positioning their respective private sectors as the drivers of investment and business collaboration.

The Georgetown Chamber of Commerce and Industry’s (GCCI) Petroleum Committee, cognisant of the importance of the energy sector to Guyana’s development, on March 13 engaged the Chief Executive Officer of the Guyana Power and Light (GPL) Incorporated,  Kesh Nandlall.

-green transition financial product to be launched Newly appointed Caribbean Development Bank (CDB) President, Daniel Best, has laid out an ambitious vision for the 55-year-old institution, focusing on action, innovation, and measurable impact.

(Trinidad Guardian) The world is in a whirlwind of trade wars due to tariffs that have been threatened to be imposed by United States President Donald Trump.

(Trinidad Guardian) Planning Minister Pennelope Beckles is confident that IDB Invest’s US$150m deal with the Massy Group will be a perfect incubator for future collaboration between the bank and the Government.

-amid EPA review Skyline Contracting Services is moving ahead with the construction of its multi-million-dollar hotel and theme park in Middlesex Village, Canal No.

Kitco Market Data Gold Prices for the three day period ending Thursday March 20, 2025

GSE (https://guyanastockexchangeinc. com/telephone Nº 223-6175/6) reports that session 1115’s trading results showed consideration of $22,196,292 from 61,041 shares traded in 32 transactions as compared to 1114’s trading results which showed consideration of $18,441,465 from 86,872 shares traded in 34 transactions.