Business

Gold Prices for the three day period ending Thursday May 25, 2023

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1020’s trading results showed consideration of $69,133,546 from 131,073 shares traded in 39 transactions as compared to session 1019’s trading results, which showed consideration $4,418,501 from 12,377 shares traded in 17 transactions.

Readers will encounter in this issue of the Stabroek Business (front page) an account of an informal but revealing exchange between us and a small group of local agro-processors whose experiments with transforming fruit and vegetables into condiments and food flavourings began, mostly, in less than well-appointed kitchens, equipped with no more than ‘the bare necessities’.

After you travel the thirty five miles from Charity you arrive at the mouth of the Wakapau Creek.

There are no indications that the threatened global rice shortage, touted as the likely biggest shortage of its kind in more than two decades is likely to impact on either the availability of rice to local consumers or on existing agreements which the local rice milling company, Nand Persaud and company enjoy with its buyers abroad, Head of the company Mahendra Persaud has told the Stabroek Business.

Seemingly keen to raise the country’s tourism profile to match the surfeit of external interest in Guyana triggered by the emergence of a ‘world class’ oil and gas sector, the Government of Guyana is pressing the Guyana Tourism Authority (GTA) into service in pursuit of a visitor experience that would match, if not surpass, those other outstanding ones in the hemisphere.

As small Guyanese businessmen and women who attended this year’s Agro Fest event in Barbados continue to contemplate the ‘key takeaways’ from the event, some of the participants in the event are of the view that having invested in providing an opportunity to market their goods in an external market, the authorities should proceed seamlessly into opening up avenues that can complement the exposure and experience which the Agro Fest event had afforded them.

Already preoccupied with the fortune-changing impact which the country’s oil finds have had on transforming its developmental perspective, the country can anticipate further likely windfalls from its gas resources, according to an oilNow report published earlier this week.

Energy rich but environmentally threatened Brazil can become a global clean energy powerhouse while making a unique contribution to pushing back the despoiling of the environment in the Amazon region, according to a new World Bank Group report released earlier this month.

With the Caribbean already having, last year, rolled out several initiatives aimed at shoring its food sufficiency bona fides in the wake the food security ‘shots’ fired across its bows by the United Nations World Food Programme (WFP), the region has moved to roll out a series of initiatives designed to mitigate the likelihood of member countries of CARICOM drifting into the realm of basket cases insofar as food sufficiency is concerned.

(Trinidad & Tobago Guaridian) ANSA Merchant Bank Limited (AMBL) has reported robust revenue of TT$256 million for the first quarter of 2023.

(Jamaica Observer) UNRELIABLE technologies and a lack of confidence in the banking sector have been cited as the reasons Jamaicans are opting out of holding their funds digitally.

It is by no means the most common of occurrences for heads of governments to travel to foreign capitals for the formal opening of their countries’ diplomatic missions abroad.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1019’s trading results showed consideration of $4,418,501 from 12,377 shares traded in 17 transactions as compared to session 1018’s trading results, which showed consideration $1,325,848 from 1,637 shares traded in 11 transactions.

A protracted outstanding multi-million dollar debt owing to Guyana by the Government of Panama for rice sold to the country through the local Guyana Rice Development Board (GRDB) has now reached the level of the International Chamber in The Hague, according to Attorney General Anil Nandlall.

With Guyana’s long sought-after positive international exposure having been provided with an unprecedented shot in the arm on account of the country’s ‘world class’ oil find, attention has, in recent years, been focused on ‘piggy-backing on the oil and gas industry to draw attention to some of the country’s other worthwhile resources.