Stabroek Business has learnt that the currently dormant local Chapter of the Women’s Entrepreneurial Network of the Caribbean (WENC) will shortly be seeking to reinvent itself with a view to helping to provide leadership to the continually growing entrepreneurial community as it seeks to broaden the base of the range of opportunities available for the creation and growth of women-led businesses.
By Matthew Smith ● Venezuela’s vast oil reserves are estimated to exceed 300 billion barrels ● While there is considerable opposition to Biden removing sanctions on Venezuela, recent developments point to a recali- bration being urgently required ● Any attempts by the Biden administration to reconsider sanctions to allow foreign energy companies to drill in Venezuela may not garner the outcomes desired The severe energy crisis which emerged after Russian President Vladimir Putin’s decision to invade Ukraine is causing energy prices to soar.
With the Caribbean coming under increasing pressure to mount a robust response to what is now being widely seen as a condition of food insecurity in parts of the region, some Caribbean Community (CARICOM) member states would appear to be stepping up to the proverbial plate with responses to a challenge that has never before been known to unduly disturb the region.
Trinidad and Tobago may not, any longer, be the prolific oil and gas producer that once decidedly set its economy apart from those of the rest of the Caribbean Community.
British International Investment, (BII), formerly the Commonwealth Development Corporation (CDC), has announced its return to the Caribbean following an absence of several decades.
For the immediate future at least, it would appear that foreign oil companies that had been part of joint venture arrangements with Venezuela in the shadow of United States-imposed sanctions have, it seems, decided to call it a day, according to an Oilprice.com
In anticipation of what has long been predicted as the country’s imminent major oil find, the authorities in Suriname are reportedly positioning a local secondary technical school to commence oil and gas training.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 991’s trading results showed consideration of $16,945,862 from 35,608 shares traded in 19 transactions as compared to session 990’s trading results, which showed consideration of $39,156,891 from 134,057 shares traded in 27 transactions.
It is probably unlikely that another country in the Caribbean can be found that surpasses Guyana in terms of the proclivity on the part of its political administrations to embrace a governance process that appears to favour the making of empty promises.
Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
RAMPS Logistics Chairman, Shaun Rampersad, on Friday told the Stabroek Business that the firm currently providing support services to several foreign companies involved in various aspects of Guyana’s oil and gas industry, is determined that its current travails here, not least the recent move to the Courts against the company by the Guyana Revenue Authority (GRA), not impact negatively on its image as a reputable service provider.
Unsurprisingly, the announcement by the Government of Guyana earlier this week that it had been notified by EXXON Mobil of two new offshore oil discoveries created no discernable ripples here, the details of the release on the new discovery issued by the Ministry of Natural Resources failing to generate anything close to the sense of national excitement that erupted in 2015 when the public disclosure of the first oil find was made.
A key executive of a US firm that specializes in sectors that are critical to the enhancement of the Caribbean’s development potential and more so to Guyana’s now oil-driven development potential has said that the next month’s Caribbean Investment Forum which will be held in Trinidad and Tobago provides an opportunity for investors to explore the opportunities currently available in the region, Ralph Birkhoff, Chief Executive Officer of the New York-based firm Alquimi Renewables which specializes in providing advisory services in energy-based investments has told the Trinidad and Tobago Express Newspaper that the November Caribbean Investment Forum in Port of Spain provides an opportunity for investors to explore the extraordinary opportunities in the Caribbean region.
As Latin American countries continue to grapple with the effects of two previous shocks – the pandemic and Russia’s invasion of Ukraine – they face a third shock: the tightening of global financial conditions.
By Pierre-Olivier Gourinchas The global economy continues to face steep challenges, shaped by the Russian invasion of Ukraine, a cost-of-living crisis caused by persistent and broadening inflation pressures, and the slowdown in China.
By Fabio Palmigiani in Rio de Janeiro OPINION: With oil prices approaching the $100-per-barrel threshold again, exploration activities are beginning to gain a new momentum around the world.
The ongoing indiscriminate use of mercury in gold mining in parts of the Amazon having come into sharp focus in the electoral campaign exchanges between the still Brazilian President Jair Bolsonaro and his political rival Luiz Ignacio Lula da Silva, a local miner familiar with the gold-mining industry in parts of Brazil has told the Stabroek Business that any expectation that a change in government in Brasilia is likely to bring an end to the use of mercury in gold recovery is nothing more than a “silly dream.”
With Caribbean governments already frowning on recent reports that point to economic underperformance and food security challenges in the period ahead, the region could certainly have done without the most recent prognosis by the Economic Commission for Latin America and the Caribbean (ECLAC), going forward.
The ePaper edition, on the Web & in stores for Android, iPhone & iPad.
Included free with your web subscription. Learn more.
