With Caribbean countries continuing to come under scrutiny as the international community evinces an enhanced level of worry over the scourge of money-laundering, one of Jamaica’s leading daily newspapers on Wednesday July 10 reported prominently, with a generous measure of seeming exuberance, the country’s removal from the Financial Action Task Force (FATF) FATF’s ‘grey list,’ regarded as the ‘rogues’ register’ of countries perceived as being accommodating to money laundering.
Even as the smuggling of gold out of Guyana attracts enhanced public attention following recent disclosures regarding the illegal movement of the precious metal to the United States, the Guyana Gold and Diamond Miners Association [GGDMA] has weighed in with a statement on the issue in which it tags the Guyana Geology and Mines Commission [GGMC], the state agency responsible for the administration of the sector, as being significantly deficient in its responsibility to curb the practice.
Amidst the surfeit of ‘eating places’ that continue to emerge across coastal Guyana, a circumstance arising out of the oil-driven affluence seemingly triggered by enhanced disposable incomes, an upsurge in the numbers of local ‘foodies’ continues to be one of the more visible manifestations of contemporary urban behaviour.
(Trinidad Guardian) Monday night’s publication of Clico’s 2023 audited consolidated financial statements has raised questions about the lack of transparency in the insurance company’s handling of transactions and information about its former major subsidiary, Methanol Holdings Internation Ltd (MHIL).
LA PAZ, (Reuters) – Bolivian state energy firm YPFB is looking to improve conditions for investment in the country’s flagging oil and gas sector and seeking help from Russia to overcome recent fuel shortages, the head of the company told Reuters.
GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1078’s trading results showed consideration of $64,276,949 from 300,880 shares traded in 58 transactions as compared to session 1077’s trading results which showed consideration of $18,680,180 from 151,528 shares traded in 26 transactions.
By Brian Ngugi
The Bahamas on Friday pushed for stronger commercial cooperation between Africa and the Caribbean, saying direct flights and student exchanges could help unlock economic opportunities between the regions.
Ahead of next Wednesday’s start of the July 10th – 12th Caribbean investment forum, the Caribbean Export Development Agency (CEDA) has signed a Memorandum of Understanding with the African multilateral lending agency, African Export-import Bank, to broaden its pre-existing base in terms of business relations fashioned out of a recent series of accelerated business visits between the Caribbean and Africa.
There can now be no question than that during the period immediately ahead, the Caribbean will have to ‘park’ much of what would have been its substantive agenda (and here the Caribbean Investment Forum, scheduled to be held in Guyana between July 9th and 12th comes readily to mind) since the intensity of the earliest period of the Tropical Storm ‘Beryl’, suggests that, going forward, we may well become completely preoccupied with a significantly more aggressive weather pattern.
Even as Hurricane Beryl declared its destructive intentions early in what had, for weeks, been projected as a destabilizing hurricane season for the Caribbean, the World Food Programme (WFP), USA had declared its preparedness to support the global body’s emergency response efforts in pursuit of what it seemingly anticipated would have added significantly to the pre-existing food security challenges that have already been impacting on the region.
With Guyana, having, in recent years, established credentials as the region’s favoured location for the staging of events linked to burnishing the region’s business profile, the Caribbean Export Development Agency has recently announced that Georgetown, the country’s capital, will play host to the event this year.
Guyana’s neighbour to the east, Suriname would appear to be enjoying an enhanced measure of generous attention from the international financial community, though by contrast, the fact that while both of the two South Ameri-can oil-rich countries would appear to be embracing a shared oil-driven future that might make them the next global standout petro economies, what international analysts might see as a relatively trivial issue involving Guyanese fishermen plying their trade in the shared Corentyne river continues to be a source of sourness between the countries.
The Trinidad & Tobago government says it expects to take a decision by the end of August this year regarding the sale of the state-owned oil refinery, Petrotrin, which had been closed in 2018 mainly due to its indebtedness, according to a report in the Wed-nesday June 26th issue of the Trinidad Guardian.
(Reuters) – U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Small businesses, such as shops, grocery stores, and convenience stores, are a fundamental pillar in the economy and everyday life of Grenada, Jamaica, St Lucia and Belize.
