Business

Come tomorrow, Saturday January 19, local aviation sector service provider Roraima Airways and the Trinidad and Tobago entity RAMPS logistics will cement a partnership marking the launch of Arapaima Logistics Inc.

The authorities here are again dropping a hint that, going forward, Guyana may be gearing itself to kick-start a tourism industry which, while widely believed to be a potential major money-earner for the country, has continually failed to get off the ground owing largely to a lack of both official effort and less than adequate public and private sector investment.

The Caribbean Development Bank (CDB) is projecting gross domestic product (GDP) growth of 9.1 per cent across its 19 Borrowing Member Countries (BMCs) in 2022, accelerating the region’s economic recovery which started in 2021.

Falcon Logistics and Stena Carron Drilling Ltd, on Friday February 14, reaffirmed their commitment to the Ptolemy Reid Rehabilitation Centre (PRRC) through a joint monetary donation of G$8.3 million to the organization.

Against the backdrop of numerous un-kept promises by Caribbean Community (CARICOM) Heads of Government to ‘put heads together’ to come up with strategies to reduce extra-regional food imports and to move closer to a condition of regional food security, the region as a whole has witnessed an inexorable climb in its food import bill, a circumstance that represents a baffling dichotomy between rhetoric and action.

Rigzone, the international online resource for news on the oil & gas industry reported earlier this week that ExxonMobil has commenced oil recovery from Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, a development which it says now brings the country’s overall production capacity to upwards of 340,000 barrels per day, just seven years following the company’s 2015 announcement of ‘first oil’ offshore Guyana.

With Venezuela’s once powerful oil industry now badly fractured largely on account of United States sanctions imposed on the administration of President Nicolas Maduro, Caracas would appear to be looking to China to help restore the industry to global prominence in the shortest possible time.

Unsurprisingly, a number of private sector bodies, including the country’s leading Business Support Organizations (BSOs), last week backed the government’s decision to lift the national curfew put in place following the 2020 outbreak of the COVID-19 pandemic, though whether or not they are prepared stand behind the strictures that are likely to remain in order to ensure what is still the clear and present danger posed by the malady does not come back to haunt the country, is a question yet to be answered.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 954’s trading results showed consideration of $13,977,878 from 47,738 shares traded in 48 transactions as compared to session 953’s trading results which showed consideration of $18,001,288 from 66,364 shares traded in 18 transactions.

If it would be churlish not to acknowledge the limited exposure afforded small businesses in the agro-processing, food processing, art and craft and other sub-sectors that fall under the umbrella of what are loosely termed micro and small businesses, it would also be misleading to provide a sort of one-swallow-makes-a-summer assessment to the one-off Duty Free Shop staged at the Umana Yana to coincide with the high-profile 2022 International Energy Conference and Expo now winding down at the Marriott Hotel.

Gold Prices for the three day period ending Thursday February 17, 2022 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Less than three months three after visiting United Kingdom Deputy Trade Commissioner for Latin America and the Carib-bean (LAC) Spencer Mohoney had described Guyana as “one of the fastest growing countries on the planet” and had been upbeat about the prospects for enhanced trade relations between the Guyana and the United Kingdom, the first modest delegation of representatives of British private sector entities arrived here to undertake a first-hand probe of the real possibilities for the strengthening of trade and investment links between the two countries.

There appears to be no respite from environmental degradation for the prized Amazon rainforests as successive reports continue to bring grim news of one economic pursuit or another that relentlessly degrades a swathe of real estate widely described as ‘the lungs of the world’.

Suriname Head of State, President Chandrikapersad Santokhi says he believes the factors affecting the development of the Dutch-speaking Caribbean Community (CARICOM) country are not economic in nature and called for greater collaboration among stakeholders.

By Angela Farrer A career in the hairdressing industry requires a working knowledge of haircutting techniques.

The United States government is contemplating an approach made to it by the oil giant Chevron, seeking to allow it to accept oil from cash-strapped Venezuela as payment for services rendered to that country’s oil industry, Reuters reported earlier this week.

By Manuel Otero, IICA Director General It is… a matter of priority to align actions with future demands and to drive the development of agro-technical education, by modernizing rural educational institutions to prepare qualified resources among rural youth, fostering rural retention, linkages with the production sector and the integrated and inclusive development of rural areas and their people.

With 2022 promising to be a record-breaking year for oil exploration and recovery in South America, it would be an act of unfathomable recklessness to ignore the ever-present danger of the environmental risks that attend what, for the hemisphere, are potentially breakthrough economic pursuits that could alter overall economic and developmental fortunes for the future.

In the wake of the dislocation, and in some instances near disintegration of some economies in the Carib-bean arising out of more than two years of a still rampaging Covid-19 pandemic, the Caribbean Development Bank (CDB) is to roll out a “financing ecosystem” that will provide critical support to its Borrowing Member Countries (BMC) with a view to helping them respond to their immediate needs as well as to help address critical long-term growth and development considerations, the Bank’s president, Dr Hyginus ‘Gene’ Leon, has said.