Business

HAVANA, (Reuters) – The Cuban sugar harvest is winding down at the lowest tonnage since 1900, forcing the government to import and putting more pressure on its domestic rum, soft drink and pharmaceutical industries, according to official reports, two economists and a rum industry source.

RIO DE JANEIRO,  (Reuters) – Brazil’s state-run oil firm Petrobras PETR4.SA must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project’s viability, according to a federal agency and documents from government agencies.

The International Monetary Fund, IMF, says Antigua & Barbuda should increase its tax earnings, which at 16 per cent of revenue is just one percentage point below what the fund says is needed to support the country’s developmental needs.

(Jamaica Gleaner) The Trinidad & Tobago government on Monday said it has secured international compensation for the ongoing oil spill clean-up in Tobago, with early estimates putting the damage at US$20 million.

Even as Guyana, a still, substantively underdeveloped country, impatiently awaits the envisaged returns from what is now universally referred to as a ‘world class’ oil and gas sector, analysts are proffering their own separate prognoses of the extent to which the energy sector could shift the material foundations of a country that had, at one time, been characterised as a “Banana Republic.”

With a suddenness that has left the uninitiated ‘blinded’ like the deer in headlamps, the discovery of oil and the subsequent portents that the ‘find’ has for a rush of inward investment has compelled Guyana’s business community to raise its game, so to speak, to match the ‘force’ of what has become a tsunami of foreign investment interests such as the country has never before been prepared for.

In a statement which appears to point to concerns that Guyanese residing in the United States are being negatively impacted by ongoing political developments in Guyana, the Guyanese-American Chamber of Commerce (GACC) has expressed “grave concern” over what it says have been “calls for the boycott of some Guyanese-owned businesses in Brooklyn, New York, for having the President of the Cooperative Republic of Guyana, His Excellency Irfaan Ali, visit their business establishments recently.”

-while local Min. of Agriculture ‘more markets’ promise seemingly stalled By far the most successful country in the Caribbean in terms of making inroads into the extra-regional markets for local products, notably in the agro-processing sector, Jamaica’s small- and medium-sized enterprises are once again being advised to raise their game even higher in terms taking advantage of the market opportunities ‘on offer’ in the more potentially lucrative international markets.

Long established as a global giant in the oil and gas industry, Brazil is reported to have recently recorded increase in proven oil reserves.

Forever a ‘hot’ item as a store of value, the global craving for gold has over time, pushed individuals and groups to extreme and not always legal options to acquire the precious metal.

By Brooke Glasford A few of months ago I started a series on TikTok called Little Luxuries where I highlighted little ways I elevated parts of my life– very simple things, like having my tea in a proper teacup and saucer, or putting on red lipstick to lift my mood – they are what appear to be completely trivial actions but they added value to my day.

Hopefully, now that Guyana’s now firmly petro-focused economy is affording entrepreneurial space beyond the much narrower options that had obtained up until a handful of years ago, Guyana can begin to put behind it, the age-old cliché about women occupying the lowest rung on the entrepreneurial ladder, largely still wedded to a micro-business culture which, unquestionably, their ambitions have now outgrown.

The Jamaica Gleaner of Wednesday, May 1, has published an article, New Era for Ganja, that reveals an envisaged significant step towards the possible removal of the scourge of illegality, and worse, that have for decades, hovered over efforts to completely sanitize the ‘stain’ that has attached itself to what is commonly referred to as ‘ganja’.

Comment The fact that it took a great deal of prodding and protestation and the eventual intervention of the Courts to cause the obscenity that passes for urban trading to impose itself on the country’s capital for ‘ages’, is a circumstance which, truth be told, ought to be a matter of embarrassment to both the state and the local authority.

Kitco Market Data Gold Prices for the three day period ending Thursday, April 25, 2024

Up to this point in time, the ‘average Joe’ in the Caribbean is probably ‘none the wiser’ as to the real reason(s) behind the unexpected tumult within the Caribbean Development Bank (CDB) triggered by what had been described as the suspension of the St.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1069’s trading results showed consideration of $9,166,600 from 39,110 shares traded in 21 transactions as compared to session 1068’s trading results, which showed consideration of $35,605,782 from 104,845 shares traded in 17 transactions.

x In this issue of the Stabroek Business we complete the feature article ‘Rupununi Rising?’