Business

Even as early as a few weeks ago it seemed likely that the floods which, official reports suggest, have now reached proportions of a crisis sufficiently severe as to warrant an appeal for international help, could escalate beyond the control of the country’s fragile response capabilities.

We have traveled some distance from May 2015. This week’s disclosure of the Longtail-3 discovery has not, unsurprisingly, been attended by a comparable sense of national euphoria.

The current May/June rains and what is being reported as their consequential widespread flooding, damage to homes, displacement of families and loss of income due mainly to flooding of lands under cultivation and inundation of pasture lands has been the subject of investigation by the Stabroek Business for the past two weeks.

The recently released 2020 Annual Report of Caribbean Container Inc. has disclosed that the company returned an after tax profit of $220.2 million, a 117% improvement over 2019 as a result of which earnings per share reached $1.46 as against $0.67 in 2019.

Suriname’s political leaders have used the Tuesday June 1 opening of the country’s 2021 Energy Oil and Gas Conference to underscore the socio-economic returns that they expect to derive from its new-found massive oil and gas potential while emphasising the country’s intention to assume a posture of investor friendliness in the period ahead.

By Brooke Glasford In the midst of skincare lines popping up in our local marketplace, Dr.

Even as his recent report on the performance of Trinidad and Tobago’s extractive industries point to a decline in their revenue, going forward, the country’ Energy and Energy Industries Minister Stuart Young, speaking at the virtual launch of the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) report, covering the performance of 2018 has said that the country’s economy will continue to look to the energy sector as a “pillar’ in pursuit of the twin-island Republic’s economic recovery from the ravages of the coronavirus pandemic.

Just how vulnerable much of the Caribbean remains to economies that continue to be heavily dependent on tourism is reflected in a recent report published by the World Travel & Tourism Council (WTTC) which puts the financial cost of the still rampaging Covid-19 virus at a staggering US$33.9 billion.

The recently released International Labour Organization Report – World Employment and Social Outlook Trends 2021 – has underscored the harsh reality that the consequences of the Covid-19 pandemic are not confined solely to loss of lives.

The coronavirus pandemic has wreaked havoc among lower-skilled and young workers who were victims of “record numbers” of job losses in 2020, according to an International Monetary Fund (IMF) Brief.

Just over a month after the St Lucian-born Dr Hyginus ‘Gene’ Leon assumed office as President of the Caribbean Development Bank (CDB) and in the wake of media reports in the region tagging his predecessor’s ten-year occupancy of office as a tenure of growth, Grenada’s Prime Minister Dr Keith Mitchell is challenging the Bank to assume a more aggressive posture in its approach to helping borrowing member countries (BMC) address development challenges.

With issues having arisen over alleged prejudice in the allocation of Covid-19 vaccinations between rich and poor countries, the heads of three of the world’s foremost international organizations, the World Health Organization (WHO), the World Bank Group, and the World Trade Organization (WTO), have issued a call for a collective plan to vaccinate the world.

Kitco Market Data Gold Prices for the three day period ending Thursday June 10, 2021

Now in its fifth year of ‘operation,’ following the passage in the National Assembly of the Food Safety Bill of 2016, not a great deal has been publicly disseminated about the work of the National Food Safety Authority (NFSA) nor has the agency benefitted from the kind of reporting that draws pointed attention to those undertakings in which it engages and the outcomes thereof.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 918’s trading results showed consideration of $34,565,616 from 433,150 shares traded in 21 transactions as compared to session 917’s trading results which showed consideration of $1,412,886 from 16,373 shares traded in 13 transactions.

Unrelenting rainfall and prior fragile defences against that eventuality have devastated the village of Karaudarnau and additional huge swathes of the south Rupununi, and village Toshao Apollo Isaacs has told the Stabroek Business that the community has been left needing an urgent response that will bring a measure of relief to residents of both Karaudarnau and other communities and, as well, fortify the affected communities for likely more rains ahead.

It is more than a little comforting to know that the current elevated external international investor interest in Guyana does not begin and end with business initiatives that are, directly or indirectly, hinged to the country’s oil and gas sector.