Business

Changing dietary preferences threatening demand for poor countries’ food – EU study

Developing countries are likely to come under increasing pressure to make significant adjustments to the commodity choices in their agricultural production as radical changes in consumer choices continue to reduce demand for food crops once considered to be unchanging staples in the diets of many millions of people around the world, according to a European Commission study titled “Food Safety and Agricultural Health Standards: Challenges and Opportunities for Developing Country Exports” published earlier this year.

Minister of Industry, Commerce, Agriculture
and Fisheries, Audley Shaw
Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw

Jamaican investors pressing for marijuana ‘pot of gold’

As the legal barriers to the cultivation of marijuana around the world either fall like dominoes or are in the process of being dismantled and as users in potential major markets continue to warm to the prospects likely to derive therefrom, Jamaica, the Caribbean country most commonly associated with the herb, continues to push ahead in positioning itself to take advantage of the expected opportunities.

Market prices

The new Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website, Kitco.com, for gold news, commentary and market information

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday August 22, 2019

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 839’s trading results showed consideration of $6,079,950 from 23,100 shares traded in 16 transactions as compared to session 838’s trading results which showed consideration of $2,158,856 from 11,830 shares traded in 14 transactions.

Lessons from the Nalco Champion episode

Hopefully the recent Nalco Champion episode, not least the protest by residents over plans to create a facility for the storage of chemicals at the JFL Inland Terminal, at 4055 Industrial Site, a location in immediate proximity to a residential area, will be sufficient to provide an enduring lesson for Guyana insofar as the onshore environmental implications of the country’s oil and gas pursuits are concerned.

Tullow find puts Guyana’s oil sector future beyond ExxonMobil

Against the backdrop of this week’s announcement of Tullow Oil’s potentially huge discovery in its Orinduik block, upbeat international reporting on the country’s longer-term oil prospects seem set to equal, if not exceed, the boisterous celebratory soundings, which less than five years ago, had followed ExxonMobil’s May 2015 disclosure of Guyana’s first major oil find.

Finance Minister, Winston Jordan before the National Assembly

Jordan: Political environment could stall economic growth

The prevailing political climate arising from the outcome of last December’s no-confidence vote in the National Assembly could result in further downward revision of the originally envisaged 4.6% growth projection for 2019, according to the Mid-Year report released on Wednesday by the Ministry of Finance.

Lincoln Lewis

Private sector bodies must ‘step up’ advocacy on workplace safety, environmental issues – union head

General Secretary of the Guyana Trades Union Congress, Lincoln Lewis has told the Stabroek Business that the time is long overdue for the country’s leading Business Support Organisations (BSOs) to “publicly and vociferously identify with environmental and health and safety issues in the workplace as an integral part of their public pronouncements on important national issues.”

Fruits and vegetables at the Parika market

Likely global fruit and vegetable shortage challenges local ‘Dutch disease’ concerns

Any argument for a shift in focus from agriculture to ‘make way’ for what might seem to be the brighter prospects that beckon on account of what is now, unquestionably, the potential economic breakthrough which successive major oil & gas discoveries offer, loses much of its traction when account is taken of the human health and prosperity prospects associated with an enhanced focus on food production.

Kitco Market Data

Gold Prices for the three period ending Thursday August 15,2019Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Market Prices

The new Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 838’s trading results showed consideration of $2,158,856 from 11,830 shares traded in 14 transactions as compared to session 837’s trading results which showed consideration of $11,565,141 from 101,691 shares traded in 11 transactions.

Business support organisations and workplace safety and health

The story published in this week’s issue of the Stabroek Business based on observations made by General Secretary of the Guyana Trades Union Congress Lincoln Lewis regarding what he believes is the obligation of the local Business Support Organisations (BSOs) to become more active in matters of workplace safety and health  is, in our view deserving of an editorial comment if only because, in a sense, it raises the issue of the extent of the role of those private sector bodies, that is to say where they responsibilities begin and where they end.

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