Business

LONDON,  (Reuters) – Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said yesterday, as rising production from the United States and other outside producers outpaces sluggish demand.

Globally, authoritative oil and gas media intelligence continues to play up the increasingly important role that Guyana and Suriname can play in supplying Liquid Natural Gas (LNG) to the international community at a time when environmental concerns linked to climate change continue to realize an increasingly global vocal preference for gas from coal, which, if effected, is believed to likely reduce greenhouse gas by as much as half.

While some countries in the Caribbean and Latin America, notably Guyana, continue to show some measure of progress in retreating from the economic doldrums in which much of the hemisphere has been entrapped for decades, the economic effort associated with pushing back the surge of high crime that now afflicts parts of the region may well be rolling back the growth pursuits of the hemisphere.

BAKU,  (Reuters) – Developing countries need at least $1 trillion per year by the end of the decade to cope with climate change, economists told U.N.

As the hype and hoopla which, up to some months ago, had come to be associated with a food security pact involving Caribbean Community (CARICOM) countries begins, seemingly, to subside, one member country, St.

(Trinidad & Tobago Guardian) Economists and other experts have agreed that T&T’s business relationship with the United States, its closest trade partner could be negatively affected based on the policies that President-elect Donald Trump’s new Government takes.

The Georgetown Chamber of Commerce and Industry (GCCI) ought to direct its attention to those state agencies that share responsibility for the execution of procedures associated with importation of goods into the country if it is to get its wish to reduce and, hopefully, eradicate altogether the importation of counterfeit and expired goods, a senior employee at a state agency responsible for aspects of ‘green-lighting’ imports into the country has told the Stabroek Business.

Kitco Market Data Gold Prices for the three-day period ending Thursday November 14, 2024

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1097’s trading results showed consideration of $3,712,646 from 13,012 shares traded in 33 transactions as compared to session 1096’s trading results which showed consideration of $66,754,885 from 241,679 shares traded in 29 transactions.

(GNBS) Protecting our environment is not just a responsibility, but a necessity for sustainable development.

With the expansion of the business sector in the Caribbean, and the need to enhance the disciplines necessary for the incremental efficiency of the sector, the globally recognized Association of Chartered Certified Accountants (ACCA) and the regional accountancy body, the Institute of Chartered Accountants of the Caribbean (ICAC), have signed a Memorandum of Understanding (MOU) that seeks to enhance the capabilities of accountancy in a region where the focus will be on strengthening associated skills with enhanced efficiency related to the business sector.

NEW YORK, (Reuters) –  Violence and crime absorb almost 3.5% of Latin America and the Caribbean’s (LAC) economic output, depleting funds that could be used in education and assisting the vulnerable, a report by the Inter-American Development Bank (IDB) showed.

Mindful, perhaps, of what is generally regarded as the mainstream assignment to her portfolio, Guyana’s Minister of Tourism, Industry and Commerce Oneidge-Walrond asserted earlier this week that that the inauguration of a twice weekly Caribbean Airlines flight between Georgetown and Paramaribo will serve to widen Guyana’s tourism reach and otherwise increase  travel options.

For all the current global hum that has been emitting from the Caribbean, of late, on account of the recent rise of neighbouring countries, Guyana and Suriname, to global petro prominence, neither of the two, while both having realized world class oil finds within a decade of each other, is even close to being anywhere near the top of the global pecking order of oil-producing countries.

A recent Stabroek Business ‘survey’ among a limited number of local Agro Processors who ‘double up’ as vendors has again yielded ‘eye-opening’ insights into what respondents feel are ‘weak links’ in the overall official effort to raise the profile and enhance the marketability of locally manufactured agro-produce on the local and international markets.

Seemingly concerned over the likelihood that increased consumer demand may scale up local spending over a broad range of consumer goods, the Georgetown Chamber of Commerce and Industry (GCCI) has sounded its voice over what it appears to regard as the non-compliance by some traders with local laws and regulations relating to the quality standards that apply in the trading of consumer goods.

With both countries having only just burst onto the global scene as world class oil and gas producers, Guyana and Suriname have again been attracting global attention, following sector predictions that the two countries, together, could become strategically significant global suppliers of natural gas by 2030. 

-Says 70-80 per cent of imported alcohol is smuggled All is decidedly not well with aspects of the administration of the business sector in Guyana, according to the Chairman of the Economics and Finance Committee of the Private Sector Commission (PSC) Ramesh Dookhoo.