Business

As suggested in the Friday March 3 issue of the Stabroek Business, the Governments of Guyana and India would appear to be on the verge of ‘sealing a deal’ that would effectively play a role in calming nerves in the Indian capital, Delhi, over access to oil supplies sufficient to meet the needs of the world’s third largest consumer of oil.

If there may have been a time when business relationships between and micro-enterprises and what can be described as the country’s blue ribbon business establishments, notably, ‘brand name’ supermarkets, changing consumer habits have begun to shove that propensity behind us.

Consistent with a historical pattern of leaving behind image-enhancing ‘footprints’ of the philanthropic dimension to its hugely profitable oil-recovery operations in poor countries, ExxonMobil, along with its partners, has ‘kicked off’ the creation of an envisaged $3.7 billion project aimed at delivering to Guyana, a stadium built “to International Cricket Council (ICC) standards,” a showpiece undertaking that targets the transformation of the country into a magnet for major international sports and general entertainment events to go along with the country’s envisaged image as a petro power.

by Andreas Exarheas Rigzone Staff ‘The sands are shifting for the global EV market’.

Some weeks ago, long before he had even got his feet wet insofar as the agro-processing industry is concerned, 28 year-old Adaiah Fyffe took the decision to get himself and his Wild Rupununi dehydrated sweet fruit condiments to last month’s Barbados Agro Fest event.

Perhaps surprisingly, the staging of Barbados’ highly anticipated Agro Fest in February saw no update of the widely anticipated Regional Food Terminal even though the March 4 issue of the Barbados Today’s report on comments made by a senior Barbadian government official on aspects of the keenly anticipated project may more than suffice for the mission.

By Deodat Maharaj It is good to see movement to deepen the trade and investment partnership between Africa and the Caribbean.

WASHINGTON, USA – IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, and its WeXchange platform, which promotes the growth of women entrepreneurs in technology from the region, announce the launch of a new call for applications to connect the most innovative and dynamic women entrepreneurs in STEM (science, technology, engineering, and mathematics) in the region with potential opportunities for access to financing.

Incremental pressure from high-profile international environmental fora and ‘solemn’ promises from the ‘big players’ in the global oil and gas industry to ‘change gears’ failed to yield the desired results in terms of reduced natural gas flaring in 2022, according to the Internal Energy Agency.

The oil and gas sector, understandably, is now, by far, the overwhelmingly dominant ‘item’ on Guyana’s developmental agenda.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1009s trading results showed consideration of $17,695,337 from 56,939 shares traded in 29 transactions as compared to session 1008’s trading results, which showed consideration of $119,812,258 from 182,404 shares traded in 44 transactions.

Visits to India over a brief period, first, President, Irfaan Ali and afterwards by his Vice President, Bharrat Jagdeo, have provided unmistakable signs of the intention of the now oil-rich South American republic to significantly strengthen existing ties with India, through the vehicle of the local oil and gas industry.

Much of the government’s credibility is likely to turn on the recent assertion reportedly made by Chief Executive Officer of the Guyana Office for Investment (GOINVEST) that the politically sensitive region, Region Ten is poised to become a focal point in Guyana’s journey towards food security.

The circumstances in which the farmers who form the membership of the Mocha/Arcadia Multipurpose Cooperative Society find themselves now leave them with no option than to make hay while the sun shines.

Beyond its substantive role as a forum for wide-ranging discourse between and among local and external players in Guyana’s high profile oil and gas sector, last month’s staging Guyana’s Oil and Gas Conference, the second in successive years, also served as a ‘sounding board’ for external business enterprises keen to secure an understanding of the prospects for entrepreneurial pursuits outside the immediate confines of the oil and gas industry.

By Brooke Glasford In the past few months I have started using TikTok, after fighting it down as most millennials did.

Even as the Caribbean’s successful completion of its Food Security Terminal remains a critical indicator of the progress being made towards the fending off of threats to regional food sufficiency, the World Bank’s latest global security update issued in February sharply underlines the critical importance of pressing ahead with the full and final completion of what has become a critical regional undertaking, the planned regional Food Security Terminal.