Business

 A small squall in Trinidad and Tobago (T&T) appears to have broken out between two high-profile figures in the country’s tourism industry over the quality of its product, going forward, and the likely future of the sector even as potential visitors to the country for the tourist season ahead keep an eye on the current crime situation in the twin island Republic.

The economy of now oil-rich Suriname is now being driven, significantly, by a World Bank strategy designed, the Bank says, to boost economic resilience and inclusive development in the country.

Approaching the end of a year when Guyana’s long-confirmed significant oil resources and clear indications that neighbouring Suriname are knocking assertively on the global petro club door, the IMF is forecasting that despite these bright sparks created by the petro pursuits of Guyana and Suriname the region, as a whole, enjoyed favourable economic growth.

As parts of the Caribbean still not having put the woes behind it, modest ‘compensations’ are still forthcoming for some of the smaller, most vulnerable islands of a region in which there has been no shortage of crises this year.

Middle-income countries are in a race against time to raise their income levels.

Gold Prices for the three-day period ending Thursday October 31, 2024 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1095’s trading results showed consideration of $54,372,828 from 48,963 shares traded in 31 transactions as compared to session 1094’s trading results which showed consideration of $15,329,083 from 41,459 shares traded in 33 transactions.

Company’s rice now on Haiti, Dominica market Chief Executive Officer (CEO) of the local rice ‘giant’, Nand Persaud & Company, Mohindra Persaud, has told the Stabroek Business that the company is still to receive payments from Cuba for rice supplied to the Caribbean island, some of it in excess of five years ago and that the company may well have to give up on the likelihood of ever receiving those payments.

It had always been felt that once Suriname’s oil and gas industry become ‘up and running’ the likelihood of joint ventures spanning an assortment of petro-related projects might be high notwithstanding the existing river dispute between the two neighbouring countries.

Various drainage, irrigation and other development-oriented projects executed in the Mocha/Arcadia community in recent years have seriously eroded the efforts of residents of the community to sustain long-standing modest but impressive farming initiatives that have played an integral part of their lives and livelihoods over the years.

In a move that signals Suriname’s increasing recognition as a likely important cog in the wheel of the global economy, the World Bank has inducted the South American country as the 175th member of its International Development Association (IDA).

Given the disclosure, days ago, that the Government of Panama had finally made a payment of $1.5 billion owed to nineteen (19) Guyanese rice millers the question now arises as to whether local rice milling company, Nand Persaud & Company, may not now move to redouble its efforts to secure its own payments from Cuba for rice shipped to that Caribbean island, beginning in 2023.

With little in the way of natural resources – as against fellow CARICOM member countries Trinidad and Tobago, Guyana, Jamaica and Suriname – to ‘shout about’ Barbados has, over the years, done a more than a credible job in combining the attractions of its island-in-the-sea lure with its national proclivity for hospitality to cause it be the ‘pick’ of Caribbean Community (CARICOM) member countries where visitor arrivals is concerned.

So concerned have business leaders in Trinidad and Tobago become regarding the continually unfolding crime spree afflicting the twin-island Republic and its impact on the business community that the country’s business support organizations would appear to have adopted pushing back the targeting of business owners and premises as an absolute priority as the country’s policing resources appear to be seriously challenged in the effort to bring the situation under control.

Subject to consultation with the rest of the leadership of the Guyana Trades Union Congress (GTUC) a limited number of urban traders could benefit from trading spaces on the premises of the Critchlow Labour College (CLC) that will allow them to market their goods on specific days, between specific time frames agreed between the management of the Campus and the vendors who will be allowed to trade there.

(Trinidad Guardian) The International Monetary Fund (IMF) is predicting a mixed return for countries like Trinidad and Tobago, which are reliant on the energy sector.

Gold Prices for the three-day period ending Thursday October 24, 2024