The Trinidad and Tobago-owned company RAMPS Logistics, which is currently providing support services to international operations involved in Guyana’s oil recovery exercise is crediting its local subsidiary, El Dorado Offshore (EDO), with playing an integral role in the process through the contribution which El Dorado has made to providing more than four hundred Guyanese workers with skills that are important to the overall execution of the oil recovery process.
With almost 600 million people across the world likely to have to make do with less than US$2.15 per day by year 2030, the globally touted progress in reducing extreme poverty is quite likely to grind to a shuddering halt by 2030 according to the World Bank’s recently released latest Poverty and Shared Prosperity Report.
The Guyana chapter of the nine year-old Women Entrepreneurship Network of the Caribbean (WENC) is currently seeking to extend its influence across the country with a view to strengthening the “Voice, Visibility and Viability of local women entrepreneurs through advocacy, training and networking.”
Situated as it is in the distant reaches of Jacklow, in the Pomeroon river, neither Centaur Holdings, the parent company of a farming/agro-processing enterprise, nor Green Diamond Foods, the brand under which Centaur Holdings markets its products, is likely to be household names across the country.
It appears that Guyana is not the only country in the Caribbean where the micro- and small-business sectors have an enduring grouse with financial institutions over the quality of customer service that they receive.
WASHINGTON (AP) — Warning that inflation threatens to become “a runaway train,” the managing director of the International Monetary Fund urged policymakers to keep up the fight against rising prices even if it means more pain at a time of extraordinary economic turmoil.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 988’s trading results showed consideration of $30,997,854 from 58,207 shares traded in 39 transactions as compared to session 987’s trading results, which showed consideration of $40,492,697 from 121,632 shares traded in 30 transactions.
One of the stories in this issue of the Stabroek Business seeks to draw attention to the October 23-28 2022 Trade Americas, Caribbean Region Trade Mission and Business Conference the purpose of which, as we understand it, seeks to afford potential American investors opportunities to peruse the region for investment openings including, in what one hopes, might be instances of joint venture undertakings that benefit our own businesses as well as job creation.
Deficiencies in “essential physical infrastructure” necessary to enable the growth of the country’s agro-processing sector including facilities for efficient manufacturing and packaging of agro-produce to render products market-ready have been identified as being among the main hindrances to the acceleration of the sector, according to responses to a limited survey undertaken by the Stabroek Business over the past three weeks.
Chairman of Demerara Distillers Ltd., Komal Samaroo, says that “connecting Guyanese businesses with potential partners around the world” and accessing relevant information to support market access for local products ought to be the highest priority for business owners here.
NEW DELHI – Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU, could curb future supplies in already tight markets, sources at state refiners said.
If the easing of the physical manifestations of the coronavirus has pushed governments across the region to remove most of the restrictions that had had a devastating effect on normal life and more particularly on activities that impacted directly on the physical well-being of individuals and groups, not least families, the World Bank’s Chief Economist for Latin America and the Caribbean, William Maloney, has gone on record as saying that the region’s gross domestic product (GDP) has, up until now, still not recovered to its 2019 level as the region seeks to emerge from its condition as being among the regions of the world hardest hit by the pandemic.
Just over two years ago, as COVID-19 cut a swathe through the Caribbean striking in the process at the very heart of the region’s key Tourism industry, Jamaica’s Tourism Minister Edmund Bartlett announced what might well have been considered the unthinkable, that the country’s highly prized and decidedly successful tourism industry was confronted with “imminent closure” given what a March 20, 2020 Jamaica Observer said had been the imposition of “travel restrictions on many of its source markets as well as local containment and restriction protocols.”
What is being seen by both governments and the private sector in the region as perhaps the most significant business gathering convened in the Caribbean since the receding of the COVID-19 pandemic had its virtual launch earlier this week, reportedly attracting, more than 400 participants from 36 countries seeking to participate in an initial forum designed to set the tone for the actual deliberations in Port of Spain next month.
The government of Suriname says it is seriously looking to implement a Citizen-ship by Investment programme that grants citizenship to foreigners who want to invest in the country, according to the country’s president, Chandrikapersad Santokhi.
