Business

One doubts that any ‘true’ Guyanese will be looking forward to having to sacrifice their Christmas holidays on account of the COVID-19 pandemic … but most people are hedging their bets.

Local entertainment promoters and night clubs would do well to take note of the decision by the administration of Prime Minister Andrew Holness in Jamaica which is widely regarded as the entertainment capital of the Caribbean, to keep in place an existing ban on such public events during the Christmas season.

The reintroduction of the Low Carbon Development Strategy (LCDS) on the new PPP/C’s development agenda has been welcomed by the Guyana Manufacturing & Services Association (GMSA) as an initiative that will add impetus to the economic advancement of the country particularly on account of its potential contribution to the agricultural sector.

As the sense of emergency and worsening crisis in poor countries arising out of the onslaught of the coronavirus pandemic becomes increasingly clear, World Bank Group President David Malpass has called for a refashioning of the arrangements governing the management of the debt burden of those countries in order to further accentuate an already critical situation.

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With much that is valued about women entrepreneurship as a whole having been negatively impacted by the COVID-19 pandemic, the co-hosts of the 5th Annual Women in Business Expo, the Sonia Noel Foundation, is hoping that today’s virtual event which will use the interior of the Pegasus Hotel as its visual backdrop, will help to generate an enhanced measure of public enthusiasm for the fashion sector, particularly, less than a month away from Christmas.

Expressing what he says is a “strong desire” to contribute to “a private sector” initiative that responds to the vulnerabilities to which both patrons and staff of high-traffic establishments including shopping centres, banks, hospitals, and other public places, are exposed in the face of the prevailing coronavirus pandemic, Starr Computers President Mike Mohan earlier this week briefed the Stabroek Business on the new Starr Disinfectant Channel, a four-stage sanitising device which has been installed at the company’s Brickdam complex.

The international data analytics and consulting company GlobalData has cited oil recovery pursuits in Guyana’s maritime space, going forward as a factor likely to push South America past North America’s by 2024.

Trinidad and Tobago is not the only country in the Caribbean facing resource-related problems arising out of attempts to throw virtual tuition into the mix in order to find feasible alternatives to the coronavirus-stricken conventional education system, but is has probably been the first country in the region to place its problems ‘at the door.’ 

For all the official chatter about the importance of ensuring that our business culture take account of environmental considerations, the preparedness of local business enterprises to abandon – or at least reduce – is by no means readily apparent.

In circumstances where the agricultural sector in Latin America and the Caribbean plays a vital role in producing food and ecosystem services not only for the region but for the entire planet, the World Bank wants policy-makers to take action to unleash what it says is the sector’s vast potential to drive sustainable and inclusive growth in the decades ahead.

In what must rank as one of the most high-profile recent lobbies on the international stage for more focused global attention to the challenges confronting the Caribbean region, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) Alicia Barcena on October 27th made a stirring case for the region’s development challenges to secure an enhanced level of global attention.

The COVID-19 pandemic has highlighted some important issues for Suriname’s private sector, such as the lack of digitalization, financial inclusion, and infrastructure.

If the projections of the joint Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO) are anything to go by, the post COVID-19 economy experience of Latin America and the Caribbean is likely to pose some of the sternest challenges and will require “active macro policies …along with sectorial policies that would promote sustainable development with employment” in order to lessen the strain that could attend recovery.

Gold Prices for the three day period ending Thursday November 19, 2020          Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

In The tumult attending the March general elections and its eventual outcomes there had been something of a lull in reporting on the work of some key state agencies, an understandable circumstance since public attention had shifted in altogether different directions.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 889’s trading results showed consideration of $59,377,220 from 624,734 shares traded in 17 transactions as compared to session 888’s trading results which showed consideration of $33,981,524 from 242,748 shares traded in 22 transactions.

On the back of the Saturday October 31 launch of its new Smyth Street Showroom, Bulkan Timber Works, one of the leading names in the country’s forest products industry, is challenging government to allocate the company material supply responsibility for one per cent (fifty houses) out of its recently announced commitment to erect 5,000 turn-key homes during its current five-year term in office.