Business

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 965’s trading results showed consideration of $75,556,170 from 151,306 shares traded in 30 transactions as compared to session 964’s trading results which showed consideration of $13,731,868 from 42,538 shares traded in 27 transactions.

Guyana, Suriname and Trinidad and Tobago are expected to head the regional ‘pack’ this year insofar as economic growth is concerned, according to the International Monetary Fund (IMF), though it says that the rest of the region is not likely to fare anywhere near as well as these three front-runners.

Back in December 2020 when the Mocha/Arcadia Multi-Purpose Agricultural Co-operative Society hosted its first Market Day, the event was intended to both shine a light on the success of residents of the community in creating modest agricultural ventures that could serve as income subsidies and to provide a service to residents of neighbouring communities.

Just over five months after the British government had dispatched its Deputy Trade Commissioner for Latin America and the Caribbean, Spencer Mahoney, to engage government officials here on possible avenues for expanded trade and investment relations between the two countries arising out of the dramatic opening up of the country to foreign investment, Guyana’s president, Irfaan Ali, has used his feature address at a Guyana Investment Seminar in London earlier this week to state that the United Kingdom needed to demonstrate greater interest in the investment opportunities that Guyana had to offer.

On a visit to the United Kingdom President Irfaan Ali has reportedly been talking up Guyana’s tourism sector during a roundtable discussion with businessmen from the United Kingdom and the European Union and making clear his administration’s preparedness to embrace a ‘big player’ in the sector, the Department of Public Information says. 

The Guyana economy was the least affected among Caribbean and Latin American countries by the ravages of the debilitating COVID-19 pandemic, according to a recently released World Bank semi-annual report on the region.

By Lorraine Sobers Natural gas has been accepted as a cleaner alternative to fuel oil for electricity generation for over eight decades.

One thousand Barbados black belly sheep are currently being examined for signs of illness before arriving to Guyana’s shores, Agriculture Minister, Zulfikar Mustapha, M.P,

Kitco Market Data Gold Prices for the three day period ending Thursday December 16, 2021

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 964’s trading results showed consideration of $13,731,868 from 42,538 shares traded in 27 transactions as compared to session 963’s trading results which showed consideration of $39,736,950 from 127,707 shares traded in 21 transactions.

Up to this time we are yet to make a proper assessment of the extent of the impact which the Coronavirus has had on micro and small businesses in the farming and agro-processing sectors.

Just days before today’s opening at the Providence Stadium of the third staging of the UNCAPPED product promotion event, one of the prime movers behind its original conceptualization, Guyana Manufacturing & Services Association, Vice President and Chairman of its agro-processing sub-sector, Ramsay Ali, told the Stabroek Business that plans to advance the development of agro processing locally had been significantly derailed by developments arising out of the intervention of the covid-19 pandemic.

Dismissing the impact of two consecutive years of challenges associated with the coronavirus pandemic and putting behind them the even more protracted official neglect that continues to confront hinterland communities, the residents of Lethem and its satellite communities, last weekend rolled up their proverbial sleeves to deliver what the Mayor of the Rupununi and Interim Chairman of the Rodeo Committee, John Macedo, told the Stabroek Business was “the biggest Rupununi Rodeo ever.”

Driven by an oil & gas industry that is projected to significantly transform the face of the country’s economy, possibly in as little as a decade, Guyana continues to attract encouraging external prognoses for growth in the period ahead.

When the Stabroek Business paid an extended visit to Region Nine late last year, we had found Lethem and its satellite communities in a condition of less than high spirits, the state of the community’s economy, not least the condition of high unemployment and decline in business in the modest commercial sector and the pressures being felt by the ranching community on account of the intervention of the COVID-19 pandemic that had cost them two successive ‘seasons’ of the Rupununi Rodeo resonating in the outlook of the entire community.

Up to earlier this week Venezuela’s state-run oil company PDVSA was preoccupied with preparing a long overdue shipment of a 190,000-barrel cargo of diesel for shipment to Cuba in what, reportedly, was a bid to help its closest political ally in the region stave off fuel shortages that could have serious implications for electricity generation during the first half of this year Cuba relies on fuel imports to cover the majority of its overall fuel demand and reportedly has not received diesel from Venezuela since last September, causing the country to have to resort to higher prices on the open market. 

Guyana is among a number of oil-producing countries in South America named in an article published in last Wednesday’s edition of the Nepal Times and authored by Inter Press Service development, environment and human rights journalist, Humberto Marquez, that could benefit from new “business opportunities for the oil-producing countries of the developing South” arising out of the “oil and gas supply crisis” spawned by Russia’s invasion of the Ukraine.

By Dora Benedek, Juan Carlos Benítez, and Charles Vellutini Many governments aiming to achieve a durable economic recovery from the pandemic must raise significant amounts of revenue in the fairest way possible.