Business

Will climate change lobby scuttle Guyana oil wealth dreams
Will climate change lobby scuttle Guyana oil wealth dreams

Guyana readying for climate change challenge to oil wealth hopes

For all the public hype and euphoria that had attended both official and public responses to ExxonMobil’s announcement of its first oil find offshore Guyana back in May 2015, there was always the likelihood that that response might collide with the consequences of the mounting climate change lobby that was beginning to assume ominously global proportions despite what had appeared for a while to be the studied indifference of the oil majors to the phenomenon.

Caribbean, Latin America need more state sector accountability – World Bank

Even as the Caribbean contemplates the mountain that it will have to climb if it is to ascend the lofty peak of the Sustainable Development Goals (SDGs) – a collection of 17 interlinked global goals designed by the United Nations General Assembly (UNGA) in 2015 to be a “blueprint to achieve a better and more sustainable future for all” – a new World Bank Report suggests that the region may be even further away from the realisation of those goals than might have originally been imagined.

Local agro-processors to benefit from IICA product packaging training

With efforts by Caribbean agro-processors to maximise access to intra- and extra-regional markets falling short of expectations largely on account of failure to meet extra-regional consumer packaging and labelling requirements, the Inter-American Institute for Cooperation on Agriculture (IICA) is taking steps to remedy this shortcoming by offering training in countries in the region whose export markets may be seriously threatened by below par packaging standards.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website, Kitco.com, for gold news, commentary and market information

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday October 14, 2021

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 936’s trading results showed consideration of $21,069,806 from 152,950 shares traded in 25 transactions as compared to session 935’s trading results which showed consideration of $3,943,252 from 12,187 shares traded in 12 transactions.

Agriculture: More rhetoric

At the risk of sounding like a stuck record we consider it necessary to point out what we believe to be the enduring tendency on the part of the Ministry of Agriculture to often ‘talk up’ the responsibilities of its portfolio without paying due attention to the actualisation of its undertakings, that is to say, seemingly being oblivious to the fact that – as we say in Guyana, ‘the noise in the market is not the sale’.

Komal Samaroo

DDL announces US$100m investment over next five years

Demerara Distillers Ltd  has announced its intention to invest US$100 million over the next five years in “several new areas to support the existing business,” even as it moves in the direction of “expanding the range of its current activities and products,” the company’s long-serving  senior executive and current Executive Chairman, Komal Samaroo disclosed in New York on Wednesday.

Sunbeam Career Development creator Elon Alonzo

Sunbeam Career Development: Honing skills for 21st century growth

The emergence of the Sunbeam Career Development organization in Guyana is one of the more recent indicators of the preparedness of young, innovative Guyanese to conceptualise then actualise initiatives that can be game-changers in the country’s search for skills that can help bring developmental aspirations to fruition.

An Iranian Oil Tanker docked in Venezuela

Venezuela looks to Iran oil swap to ease sanctions pressure

The recent announcement that neighbouring Venezuela and Iran have struck what reports say is an ‘oil swap deal’ under which Iran will receive Venezuela’s heavy crude from the world’s single largest known oil reserves in exchange for condensate from the Islamic Republic, would appear to be the most recent example of the ongoing efforts of the administration of President Nicholas Maduro to seek to extricate his country from the protracted and socially and economically crippling United States embargo that continues to stifle the country’s oil exports.

Attendees at the Business Think In

Small businesses benefit from entrepreneurial think-in

In what has become increasingly determined efforts by micro and small enterprises to work their way to the top of the entrepreneurial ladder, young aspiring business persons are communing with increasing regularity to ‘compare notes’ and exchange ideas with a view to incrementally gathering knowledge that can help consolidate their business pursuits.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website, Kitco.com, for gold news, commentary and market information

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday October 7, 2021

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