Business

In a move likely to further extend its influence in the regional brokerage industry the Jamaican firm NCB Capital Markets Limited (NCBCM) has disclosed that it is in the process of moving forward with the establishment of its planned business footprint in Guyana.

The independent energy research and business intelligence company Rystad Energy is predicting a robust performance from the global oil and gas industry, to the continually looming threat of the still rampant Covid-19 pandemic and its variants.

The World Health Organization (WHO) has warned that the COVID-19 pandemic is nowhere near over and is calling on countries to double down on efforts to ensure that ongoing vaccination campaigns persist in countries across the world. 

Likely increased scarcity of packaging materials for manufactured products could trigger persistent fluctuations in food and beverage availability, a circumstance that can impact on both the agro processing and fast food sectors in countries importing those commodities.

Gold Prices for the three day period ending Thursday January 27, 2021 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Quite unlike in some other countries in the region there does not exist in Guyana any organization, state-run or otherwise, that is singularly and demonstrably dedicated to the development of a robust micro and small business sector, these being the sectors with by far the largest numbers of full-time entrepreneurs.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 951’s trading results showed consideration of $43,684,533 from 122,438 shares traded in 39 transactions as compared to session 950’s trading results which showed consideration of $28,482,804 from 108,014 shares traded in 21 transactions.

A 2% slip in India’s overall oil production in December is not a development that is likely to escape the attention of a country which ranks third – behind the United States and China – and which is 85% reliant on imports in order to meet its domestic crude oil needs.

Whatever the extent of the economic recovery experienced by the Caribbean and Latin America (LAC) following the earliest economic devastation wreaked by the COVID-19 pandemic, the durability of that recovery is likely to be short-lived except if countries in the hemisphere can, through the implementation of strict, enlightened and sustainable policies, secure a measure of control over the pandemic, the World Bank is warning in one of its more recent prognoses for the performance of economies in the region in the period ahead.

With the drift of hemispheric oil and gas engagements seemingly moving  in the direction of enhanced cooperation involving Guyana, Suriname and Brazil, the government here announced earlier this week that President Irfaan Ali was due to pay a visit to Paramaribo yesterday where he was expected to meet with Surinamese President Chandrikapersad Santokhi, and Brazil’s President Jair Bolsonaro.

The recent disclosure by the authorities in Guyana that the government here has received a number of bids from companies in response to its disclosure that it was seeking to conduct a feasibility study and secure a preliminary design for the construction of a bridge across the Corentyne may well be part of a process that continues to shine a different light on relations between the two countries.

For all its more than half a century of Communist rule, the disposition of entrepreneurial ‘hustle’ that characterises free enterprise economies has enjoyed an enduring attraction among many Cubans.

The recent passage in the National Assembly of Guyana’s Natural Resource Fund Act, 2021, which now paves the way for the political administration to make withdrawals from funds accumulated so far from the sale of oil has been, unsurprisingly, swiftly followed by an announcement by Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh, that Guyana is likely to have to move in short order to access funds from that source to finance what is being termed as the pressing development needs of the country.

If the long-term prospects for Venezuela’s oil industry remain uncertain as long as recovery and exports continue to be inhibited by a combination of United States sanctions and the reduced efficiency of the country’s oil infrastructure, recent reports suggests that a protracted period of drastic production decline has, just recently, been broken by a notable surge in production levels.

By OilNOW January 20, 2022 While there are currently no cement manufacturing operations in Guyana due to the high cost of energy and other barriers, the imminent Gas-to-Power Project could soon change the economics for the country in this regard.

By Rochelle Williams KINGSTON, Jamaica, (JIS) – Prime Minister Andrew Holness, says the government is taking deliberate steps to position Jamaica as the technology and innovation hub of the Caribbean.

By Joel Julien Inflation has risen across the Latin America and the Caribbean region, exceeding central banks’ targets in most cases, the World Bank has stated in its latest Global Economic Prospects report.

From everything that this newspaper has been able to learn about the recent fire at the Laparkan Lombard Street wharf, a very senior state agency official has apparently gone on record as saying that at the time of the fire highly flammable chemicals were being stored in the bond where, apparently, the fire started.

Kitco Market Data Gold Prices for the three day period ending Thursday January 13, 2022