Business

A cross section of the audience at GCCI's Vendor Forum.
A cross section of the audience at GCCI’s Vendor Forum.

GCCI collaborates with MODEC to host Vendor Forum

By Georgetown Chamber of Commerce on February 6, 2025 In keeping with the Georgetown Chamber of Commerce and Industry’s (GCCI objective of ensuring that local companies benefit from the oil and gas sector through information sharing and capacity building, a MODEC Vendor Forum was hosted on February 5 through a collaborative effort between the Chamber’s Petroleum Committee and the company.

TT’s socio-economic challenges raise questions about its presumed regional leadership’ role in CARICOM

With Trinidad and Tobago’s once vaunted oil and gas sector that has set the country’s economy on a decidedly higher plain than those of its CARICOM counterparts now on the decline, a recent report deriving from an economic pulse survey conducted by the American Chamber of Commerce (AMCHAM) in partnership with accounting firm EY has indicated that a majority of respondents “are not confident about the economy in 2025,” according to a report in the Trinidad Guardian of Monday February 3.

Public servant–turned businesswoman chides GT Chamber for publicly ‘ticking off’ NIS

The recent exchange between the National Insurance Scheme (NIS) and the Georgetown Chamber of Commerce and Industry (GCCI) has prompted a response to the spat by a private sector employer whose business enterprise interacts with the NIS on behalf of its employers for “going public” in circumstances where “whatever the problem might have been” it ought to have been possible to have the matter not become the subject of a public exchange which, in her view, “ought to have been settled amicably.”

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 February 6, 2025.

Stock Market Updates

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1109’s trading results showed consideration of $13,345,177 from 35,467 shares traded in 37 transactions as compared to session 1108’s trading results which showed consideration of $12,909,323 from 47,435 shares traded in 48 transactions.

Power ship to the rescue

Power woes and the removal of VAT on standby generators

Seemingly mindful of the fact that significant state investments in the electricity sector have still not brought the country’s erratic power supply into the realm of normalcy the Georgetown Chamber of Commerce and Industry (GCCI) has pointedly expressed its satisfaction with the decision by government to remove Value Added Taxes (VAT) from ‘stand by’ generators that continue to be imported into the country in considerable numbers.

Stock Market Updates

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1108’s trading results showed consideration of $12,909,323 from 47,435 shares traded in 48 transactions as compared to session 1107’s trading results which showed consideration of $7,753,246 from 17,021 shares traded in 29 transactions.

Lessons learnt? Jamaica aiming to ‘go big’ on food security

Seemingly mindful of the sustained threat to the food security of much of the Caribbean from a seasonal climate crisis that wreaks havoc with food production, Jamaica appears set to double down on its historic commitment to agriculture, announcing recently, through its Agriculture Minister Floyd Green, that the country will be pumping $J6 billion in research to improve the varieties and yields of a number of agricultural crops over the next six years.

CDB clearing entrepreneurial paths for women businesses in the region

With Caribbean governments having long been subjected to criticism for failing to actualize many of the undertakings they give on the accelerated advancement of the interests of women, the Caribbean Development Bank (CDB), through the She Trades Caribbean Hub, a Joint initiative with the International Trade Centre (ITC), will launch a new partnership aimed at strengthening North American market access for the region’s women entrepreneurs.

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