Business

Kitco Market Data Gold Prices for the three day period ending Thursday March 19, 2020

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Not even the keen national attention which, at this moment, is focussed on Guyana’s political circumstances, has been able to cause the nation to overlook the fact that having ‘done its rounds’ elsewhere, the coronavirus has paid us a decidedly unwelcome visit.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 869’s trading results showed consideration of $225,429 from 2,709 shares traded in 4 transactions as compared to session 868’s trading results which showed consideration of $9,065,090 from 68,198 shares traded in 19 transactions.

Despite the recent collapse in oil prices and a dim medium-term outlook, there appears to be no end to the intoxicating superlatives which knowledgeable international industry analysts are employing to quantify the extent of Guyana’s oil reserves and potential wealth.

Seeking, it seems, to mount a response to the increasing criticism being levelled at the global oil & gas sector in response to the linkage between fossil fuels and what the global environmental lobby says continues to be an alarmingly degraded environment, a high profile associate in SCF Partners, a US-based energy service company, had been seeking to mount a pushback against what he says has been the “demonizing of oil and gas,” contending that it could take up to three decades for alternatives to be developed to replace the product.

There appears to be no end to the number of Guyanese women who, belatedly in many instances, are taking purposeful strides down entrepreneurial roads.

The Sonia Noel Foundation, the organization responsible for the planning and Execution of the annual Women in Business event has announced that this year’s event will now be staged on Saturday April 4th and Sunday April 5th, effectively a postponement from the March 21-22 period that had been set.

• Guyana, Latin America oil earnings will take a hit too The international oil and gas industry, the life-blood of business and commerce globally has bowed to the impact of the dreaded Coronavirus by announcing earlier this week that it was calling off a number of its key networking events, including its various technical and academic meetings and resorting instead to virtual conferences, a decision which a Reuters report which appeared earlier this week said was taken in response to mounting concern about the virus and what the report said was now its “fast-growing toll”. 

Our story in this issue of the Stabroek Business arising out of some of what is currently being reported on the impact so far of the globally worrying Coronavirus (COVID-19) and the manner in which it has been impacting globally in the region and in neighbouring countries, is timed to raise awareness of the malady and to help alert the authorities as much as the general populace to the fact that we too are vulnerable. 

Kitco Market Data Gold Prices for the three day period ending Thursday March 12, 2020

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

GASCI (Guyana Association of Securities Companies and Intermdeiacies)  reports that session 868’s trading results showed consideration of $9,065,090 from 68,198 shares traded in 19 transactions as compared to session 867’s trading results which showed consideration of $3,325,437 from 24,345 shares traded in 11 transactions.

It would appear, given the fact that there had already been reports of cases of the Coronavirus elsewhere in the Caribbean, that Guyanese, as we are  inclined to do in these situations, had pre-empted the arrival of the malady here.

Ogle can lift neighbouring East Coast communities as it climbs. Routinely, the Eugene F.

If it is a well-known fact that race-based politics attended by election-time tensions have historically been par for the course on Guyana’s political landscape, regional and national elections here have never, hitherto, attracted much more than passing attention from the international community.

Gold declaration for the period 2015-2019 yielded 3,068,648 ozs, earning US$3,792,066.