Business

The Guyana National Bureau of Standards (GNBS) recently said that its Product Compliance Department seized and destroyed 1,660 pieces of substandard electrical fittings and equipment including wires, cables, lamp holders, circuit breakers, extension cords, power outlets, receptacles, knife switches and plugs.

In the aftermath of the recent rampage by Hurricane Beryl, which has ravaged the agriculture infrastructure of several countries in the region, Trinidad and Tobago has recently sent signals that the Caribbean Community’s (CARICOM) plan to reduce its food import bill by 25% by 2025 would likely have been set back by the Hurricane and its aftermath.

The Georgetown Chamber of Commerce and Industry (GCCI) has been resolute in its commitment to supporting sustainable agriculture in Guyana and building the capacity of local farmers through collaborative outreaches.

Still nothing from ‘lead Heads’ on CARICOM food security undertaking FAO Analytics, the Food and Agriculture Organization (FAO) body responsible for collecting, collating, analyzing, and disseminating food and agriculture statistics says that hunger in the Caribbean and Latin America is decreasing, simultaneously asserting that Brazil is leading the race to reduce food insecurity in the hemisphere.

Across political administrations in Guyana there have been persistent concerns about the physical conditions that obtain at our municipal markets which, to say the least, have from ‘way back’, been downright deplorable.

Guyana is listed among several member countries of the Amazon Co-operation Treaty Organization that could face the consequences of the “most severe droughts facing the Amazon Basin in recent years.”

Gold Prices for the three day period ending Thursday August 15, 2024

From a Caribbean perspective the news may not have come from the horse’s mouth, so to speak, though the report published on Wednesday August 7th (Dominica News Online) that hunger was decreasing in the Caribbean and Latin America and that Brazil was ‘leading the way’ was not only heartening but emotionally relieving, since, up to this time, there has been no definitive words on the pace of the regional (CARICOM) food security initiative.

Local rum producer Angostura is continuing its focus on international expansion as it sees “great potential” in that area, says the company’s chief operating officer (COO) Ian Forbes.

Whereas, it was not ‘many moons ago’ that the consistently sluggish performance of the Guyana economy had caused the country to be dubbed ‘the sick man of the Caribbean,’ nothing could be further from the truth these days, at least not in the view of the Economic Commission for Latin America and the Caribbean, one of the five regional commissions of the United Nations, established for the purpose of contributing to the economic development of Latin America and the Caribbean and coordinating actions directed towards this end.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1084’s trading results showed consideration of $2,761,889 from 10,123 shares traded in 35 transactions as compared to session 1083’s trading results which showed consideration of $26,187,831 from 26,644 shares traded in 22 transactions.

The EIA reports that Guyana, situated on South America’s northern coast neighbouring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil.

A sampling of urban working class Guyanese, predominantly women with school-age children did not find them as upbeat as President Irfaan Ali might have hoped they may be about what he had to say recently about the “deliberate initiatives and policies” that his administration has undertaken “over the last four years to address the rise of global food prices and cushion the cost of living for Guyanese.”

The Caribbean Hotel and Tourism Association (CHTA) has given the recently hurricane-ravaged regional tourism industry ‘four stars’ for what it described in a media pronouncement as the “extraordinary resilience” it demonstrated in the wake of Hurricane Beryl which created an unprecedented level of disruption to normal life in those territories.

Gold Prices for the three day period ending Thursday November 3, 2021

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1083’s trading results showed consideration of $26,187,831 from 26,644 shares traded in 22 transactions as compared to session 1082’s trading results which showed consideration of $34,919,105 from 77,742 shares traded in 37 transactions.

Reports reaching Guyana from our sister CARICOM member country, Trinidad and Tobago, suggests that there is something almost surreal about the seemingly ceaseless orgy of violence, underpinned by routine targeted executions, reportedly a manifestation of the proliferation of gruesome ‘gang wars’ in which clinical ‘terminations’ have become the order of the day.

Just over two years ago, on June 28, 2022, the World Bank released a missive titled ‘The Fight Against Food Insecurity in the Caribbean’ in which it outlined various global and regional circumstances that were, collectively, seriously degrading food security in the region and it was out of this that came a boisterous and seemingly energetic move on the part of CARICOM member countries to seek to create a template that might push back the worst excesses of food security in the region.

Guyana’s reputation as ‘the food basket of the Caribbean’ has never, for a moment, been called into question, the consistently enduring performance of our agriculture sector making the point that not only do we produce sufficient to feed ourselves (and this bears no relation to high food prices in our municipal markets) but also to help ‘cover’ for the food deficit that obtains elsewhere in the region.