Business

By Isabella Kaminski South American nations and international financial institutions are coming under increasing pressure to stop exploiting oil and gas in the Amazon ahead of key political talks in Brazil.

The headquarters of the Inter-America Development Bank headquarters at Washington American lawmakers, intent on reducing China’s influence on the United States economy, are pushing the Treasury Department to help curb the outsized role of Beijing at the Inter-American Development Bank, which supports economic and social development in Latin America and the Caribbean.

There had been a period of time going back up to around five years ago, when international media reporting on Guyana and Suriname, including the Corentyne River dispute, was sprinkled with images of endemic poverty, underdevelopment and chronic instability.

The Caribbean has the potential to improve its agricultural sector by exploring some of its dormant or overlooked natural resources.

Georgetown is sinking ever deeper into a cesspool of filth, squalor and smelliness.

In more ways than one the advent of an ‘oil and gas-driven economy’ in Guyana has had an overall impactful effect on the country’s business culture as a whole, creating a sense that the overarching preoccupation with seizing the entrepreneurial opportunities which the oil and gas sector has opened up, simultaneously, creates space for the emergence and growth of an expanded small business sector.

With oil and gas related entrepreneurial opportunities having fixed world class business breakthroughs in the minds of the bigger players in the Guyana economy, the recent announcement by the Georgetown Chamber of Commerce and Industry (GCCI) of its week-long Small Business Week, commencing on Saturday May 29th serves as a timely reminder to the local business community that profitable business does stop at pursuits directly linked to the energy sector.

Caribbean Community (CARICOM) Chairman, Dominican Prime Minister, Roosevelt Skerrit may well have ‘picked a row’ with a sizeable portion of the region’s female population when he used the forum of the CARICOM Summit in Trinidad and Tobago to send a ‘less fake hair’ message to the fashion-conscious women of the Caribbean.

In a world where it has become commonplace for academia and entrepreneurship to be, by no means, strange bedfellows, 20 year- old Reshonah Gordon, is straddling the fence enthusiastically and with a generous measure of enthusiasm.

It is by no means uncommon for there to occur some kind of event that draws critical attention to small businesses in Guyana though whether those events, have, for the most part, resulted in any really meaningful enhancement for the sector, as a whole, is an altogether different matter.

By Marianna Parraga The U.S. Treasury Department on Wednesday renewed a license that protects Venezuela-owned refiner Citgo Petroleum from creditors seeking to seize the company’s assets to recoup claims against the country’s state oil firm.

Relations between Caracas and Moscow in the energy sphere appear set to take a ‘leap forward’ following a recent meeting between officials of the two countries in Moscow recently.

Keen, it seems, to make a meaningful mark in what now appears to be an accelerating process in pursuit of the strengthening of business ties between Africa and the Caribbean, a delegation from Caribbean Export returned to the Caribbean recently, from Ghana, with three signed Memoranda, part of a hoped-for foundation that will support increased trade between the region and Ghana. 

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1028’s trading results showed consideration of $86,134,980 from 209,344 shares traded in 36 transactions as compared to session 1027’s trading results, which showed consideration $1,863,115 from 2,903 shares traded in 13 transactions.

Here we go again! Caribbean Ministers of Agriculture were due to gather in Costa Rica on Tuesday to discuss what the San Jose-based Inter American Institute for Cooperation on Agriculture (IICA) said are deliberations designed to discuss means through which food insecurity can be reduced and bridges built between Latin America and the Caribbean.

Brazilian oil and gas company PRIO said Monday it had exceeded the milestone of 100,000 barrels per day of production, with the startup of production of the ODP5 (“F23P3”) well in the Frade field, offshore Brazil.