Business

Gold Prices for the three day period ending Thursday October 22, 2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 885’s trading results showed consideration of $6,525,349 from 31,027 shares traded in 17 transactions as compared to session 884’s trading results which showed consideration of $19,427,631 from 111,412 shares traded in 29 transactions.

The fact that even though our two international airports reported earlier this week that they were ready to execute the protocols and procedures associated with the re-opening of the facilities there remaining a measure of public doubt about the wisdom of the decision, is entirely understandable. 

What has been, for several months, a sustained global discourse on the role of so-called ‘lockdowns’ in pushing back the spread of the dreaded novel coronavirus as against its impact on the socio-economic well-being of countries, is gathering a fresh head of steam.

Beyond the post COVID-19 recovery process which Latin America and the Caribbean will have to endure, countries in the hemisphere will also have to deal with what a United Nations study completed in July says will be “the worst recession in the region in a century that is likely to trigger a 9.1% contraction in regional GDP this year.”

With approximately six months of his tenure as President of the Caribbean Development Bank (CDB) remaining, Jamaican-born Dr William Warren Smith has been talking up the role that the Bank has been playing in supporting the growth of the economies of the region.

With the rampaging COVID-19 having quite possibly snuffed out the entrepreneurial ambitions of large numbers of Guyana’s emerging agro-processors and seriously dimmed the enthusiasm of a great many more,  twenty-two-year-old Kelshine Griffith who was named the Stabroek Business’ Agro Processor of the Year at the end of 2019 has an impressive grasp of the situation.

The Group of 20 nations, representing the world’s biggest economies, agreed Wednesday to extend the suspension of debt payments by an additional six months to support the most vulnerable countries in their fight against the coronavirus pandemic.

Almost 60 per cent of low-income households in Jamaica, that is, those earning less than the minimum wage, have registered at least one job loss linked to the COVID-19 pandemic, according to the findings of a recent survey undertaken by the Inter-American Development Bank (IDB).

                                           Kitco Market Data Gold Prices for the three day period ending Thursday October 15, 2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 884’s trading results showed consideration of $19,427,631 from 111,412 shares traded in 29 transactions as compared to session 883’s trading results which showed consideration of $14,629,903 from 171,501 shares traded in 23 transactions.

It is, truth be told, a considerable pity that relations between Guyana and Suriname at the government-to- government level have not, for the most part, matched cross-border people-to-people relations.

The Berbice-based Nand Persaud & Company, the country’s leading private sector rice exporter is optimistic about the future of the country’s rice industry, notwithstanding the fact that the sector still needs to work towards the further consolidation of the gains that it has secured in order to further enhance its global competitiveness.

Against the backdrop of what is now a global crisis in the availability of desktop and laptop computers to meet the continually skyrocketing demand by the education sector, Chief Executive Officer of Starr Computers, one of the country’s leading distributors of communication equipment, has told the Stabroek Business that the company has joined forces with the California-headquartered technology company Intel Corporation to produce its “affordable” Starr essential PC System for low-income families in Guyana.

The tremendous creativity, energy and willpower that have been invested in the creation of micro and small businesses in various sectors by many ordinary Guyanese determined not just to fight their way out of poverty, but also to make a mark as worthwhile businessmen and women, have not, over the years benefitted from a level of support from either government or the lending sector – or the private sector as a whole – that can be considered commensurate with either their effort or with their potential to enhance the viability of the country’s economy.