Business

Agriculture Minister
Zulfikar Mustapha
Agriculture Minister Zulfikar Mustapha

Guyana’s rice industry assuming increasingly critical role in local economy, filling region’s food security gaps

Guyana is targeting the ‘topping’ the 710,000 tonnes’ rice production target of set in the country’s 2024 budget, an accomplishment that will provide an encouraging measure of assurance in circumstances where the rice industry is challenged to both meet domestic consumption needs as well as to shoulder its responsibility to the wider regional needs in the context of helping to meet the food security challenges facing the wider Caribbean.

As Jamaica agro-processing sector makes extra-regional waves, Guyana’s appears stuck in uncertainty

Already having established a noteworthy reputation on the extra-regional market for success in penetrating sizeable sections of the international market for agro-processed products, Jamaica’s agro-processing sector is pushing the country’s farmers harder to increase production at the level of the farm in order to further expand the sector’s international market.

The recent climate summit in Antigua. Barbados Prime Minister Mia Mottley is seated next to her Antiguan counterpart Gaston Browne
The recent climate summit in Antigua. Barbados Prime Minister Mia Mottley is seated next to her Antiguan counterpart Gaston Browne

Antigua PM challenge sincerity of rich countries’ climate commitment

With the issue of climate change and its continually degrading effects on environmental, social and economic circumstances, particularly in poor countries, becoming an increasingly acrimonious item on the global climate agenda, Prime Minister of the tiny and climate vulnerable Caribbean Community (CARICOM) member state of Antigua and Barbuda, Gaston Browne, has seized the opportunity afforded by his country’s presidency of the decade’s Summit for Small Island Developing States (SIDS), on Monday, to blast “empty” and “grossly inadequate” climate pledges, saying wealthy nations have failed to meet obligations to limit damages from carbon emissions.

Pressure for responsible road use by heavy duty vehicles can come from the private sector itself

Irresponsible road use and the various negative consequences of the phenomenon, coupled with the failure of the authorities to match what now appears to be the most serious challenge ever to safety on our roads, has recently attracted a pointed public statement from the Georgetown Chamber of Commerce and Industry [GCCI], ‘calling out’ the authorities on what it sees as a heightened regime of lawlessness in the country’s road use culture and particularly “the inadequate management of road usage by heavy duty trucks.”

Suriname oil prospects finally aiming to ‘come good’

Two contiguous South American neighbours with eye-catching petro power potential may well be an emerging reality for the international community to contemplate as news emerges of what, reportedly, has been a recent major development in Suriname’s unceasing effort to transform its known significant oil reserves into a tool with which to transform the fortunes of the country’s economies.

Securing our Cricket World Cup

Guyana is not one of those ‘hot spots’ – so to speak – among the territories in which matches of the 2024 Cricket World Cup (CWC) will be played where serious security-related occurrences are expected to mar the events themselves, or create a discomfiting atmosphere, particularly for visitors to the country who will arrive here to see the games.

Stock Market Updates

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1073’s trading results showed consideration of $11,119,923 from 36,357 shares traded in 44 transactions as compared to session 1072’s trading results, which showed consideration of $27,736,343 from 166,739 shares traded in 33 transactions.

President of the Caribbean Hotel and Tourism Association Nicola Madden Greig

Shining an incisive light on crime in the Caribbean

Speaking at this week’s Caribbean Marketplace on Monday, President of the Caribbean Hotel and Tourism Association (CHTA) Nicola Madden-Greig, is quoted in last Monday’s Trinidad Guardian as saying that while countries in the region continue to battle with what – at least in some CARICOM territories – now appears to be a steadily worsening crime situation, the region, as a whole, appears to be a preferred destination for extra regional visitors, her assertion reportedly supported by information culled from data from a “survey at the Caribbean Travel Marketplace in Montego Bay Jamaica on Monday, which showed over 80 per cent of tourists felt safe during their vacations to the region.”

A moment in cricketing history West Indies Captain lifting the Prudential World Cup on June 23 1979 after defeating England At Lords.

Caribbean businesses, cricket lovers eagerly await the arrival of the Cricket World Cup ‘nice time’ action

With time now ‘flying by’ before the staging of the June 1 to 29 Cricket World Cup here in the Caribbean, the focus of the region that is as concerned with the event’s financial success as it is for the quality of the spectacle that the event provides for cricket crazy Caribbean and extra-regional fans of the game is beginning to ‘seep through’ across the region.

Stock Market Update

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1072’s trading results showed consideration of $27,736,343 from 166,739 shares traded in 33 transactions as compared to session 1071’s trading results, which showed consideration of $13,267,800 from 70,259 shares traded in 29 transactions.

US clears named oil companies to return to Venezuela but still holds the industry on a tight leash

Enduringly ‘cold’ relations between Washington and Caracas do not appear, at this time, to be impeding the United States’ preparations to commence the process for the issuing of limited licenses to oil companies possessing existing oil production and assets in the country over those now seeking to enter the country’s oil sector for the first time, according to a May 16 Reuters report.

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