The United States-based Global Energy Monitor (GEM), a non-governmental organization which catalogs fossil fuel and renewable energy projects globally and shares, has issued a report which states that, going forward, oil and gas producers are seeking to quadruple their investments in the oil and gas sector despite the International Energy Agency’s (IEA) warning issued three years ago that new oil and gas fields are incompatible with the 1.5°C climate target.
As much as anything else, Guyana’s now accustomed role as host to high-profile regional and global gatherings underscores the acceptance by the international community that the country’s new-found oil economy qualifies it as a place to be when matters of business and investment in the region are under scrutiny.
The Guyana Chamber of Commerce and Industry (GCCI) has recently reported pleasing outcomes to an initiative undertaken by the Chamber in collaboration with the European Union.
Even as the issue of global hunger continues to occupy a place of prominence among the priorities of the international community, a UN Environment Programme (UNEP) report released earlier this week asserts that, globally, more than one billion meals a day went uneaten in households across the world in 2022, even as 783 million people were affected by hunger and a third of humanity faced food insecurity.
Not a great deal has been heard from the Georgetown Chamber of Commerce and Industry (GCCI) regarding the ‘potential participation’ of local businesses in the 135th Canton 2024 Spring Fair scheduled to be staged at the Canton Fair Complex, Guangzhou, China from April 15-19, though it would do both Guyana’s image and the image of the Chamber a power of good if Guyana were to make an appearance, even a modest one at one of the world’s biggest events of its kind.
Once widely respected in the region as a country that has never shirked from turning to the land to ensure its food security bona fides, there is, these days, concern that the number of local farmers is continuing to dwindle, according to the Jamaica Agriculture Society (JAS).
Having become, largely through its oil and gas bonanza, the Caribbean Community (CARICOM) country enjoying the highest profile in the region, the International Conference on Business, Commerce and Management Studies, scheduled to be held in Georgetown, the country’s capital, on May 25, 2024, is likely to attract further regional and international attention to Guyana.
There exists at this time an uncanny coincidence between Guyana’s parading of itself as an oil-producing ‘rising star’ on the one hand and on the other, seemingly hurtling towards a return to that ‘zombie’ regimen of power outages that had once traumatized generations of Guyanese.
GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1065’s trading results showed consideration of $14,873,926 from 77,625 shares traded in 20 transactions as compared to session 1064’s trading results, which showed consideration of $27,871,614 from 148,917 shares traded in 36 transactions.
What is being touted as a strategically important moment for the Caribbean will materialise with the hosting by Guyana of a Caribbean Investment Forum from July 10 to 12 this year.
With investment-starved countries in the Caribbean and Africa keen to turn the tide and attract a more generous level of foreign investment into the region, the United Nations Industrial Development Organization (UNIDO) is seeking to shoulder at least some of the responsibility associated with attracting meaningful investment opportunities into those countries.
Trinidad and Tobago is giving credit to its startup loans, grants and training from business chambers and state agencies in the twin-island Republic for what the business community is saying has been a vibrant resurgence of retail business activity in San Fernando and its surroundings.
If it is altogether the right thing to ensure that the country’s health services are properly equipped to respond to what we anticipate to be the incremental demands on it in the period ahead, then the matter of how the issue of external recruitment into our health sector is gone about, including whether or not such recruitment should be undertaken without due consideration is also not a consideration that should be overlooked.
GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1064’s trading results showed consideration of $27,871,614 from 148,917 shares traded in 36 transactions as compared to session 1063’s trading results, which showed consideration of $10,764,446 from 43,822 shares traded in 40 transactions.
The United Nations Conference on Trade and Development (UNCTAD) has stated in its just released March Global Trade Update that while global trade is poised to rebound this year, in effect reversing the downward trend observed last year, other factors including “geopolitical issues and shipping disruptions” impacted by international conflict could stifle what, in different circumstances, might have been a much more positive outlook.
