Daily Archives: September 8, 2019

Guyana Speaks: Gafoor Lecture in Indentureship and Its Legacies – London UK – September 29, 2019

Guyana SPEAKS will be hosting an event in conjunction with the University of Warwick on Sunday, 29th September (2pm-6pm)

The Biggest Economies in 2030 – Visualizing the Boom in Emerging Markets

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By 2030, the complexion of the global economy could look very different than it does today.

According to recent projections from Standard Chartered, a multinational bank headquartered in London, the next decade will see emerging markets like India and Turkey ascending the global economic ladder to become tomorrow’s powerhouses.

Visualizing the Boom in Emerging Markets

Today’s animation is based on a previous chart of the week we created that shows how economic growth is expected to unfold in the coming years.

VIDEO: View the projected change in rankings for the biggest economies from 2017 to 2030 below:          Continue reading

March 2020 is earliest possible time for elections – GECOM Commissioners

According to GECOM, the merger of that data with the National Register of Registrants (NRR) would be followed by an extensive period of claims and objections, but the timeframe for that is unclear.

Otherwise, GECOM discussed the production of new identification (ID) cards, which are very different in configuration, material and design, from the cards currently in circulation.        Continue reading

Why it is so hard to get USD in Trinidad & Tobago – By Marla Dukharan

  • How does the foreign exchange earnings system in Trinidad and Tobago work?

Flag: Trinidad & Tobago

Like any country, Trinidad & Tobago earns foreign exchange from a variety of sources – from remittances sent from overseas, from investments we as a nation (private and public sectors) have made abroad, from tourism and other services we export, from foreigners who invest in our country (FDI) for example, but mostly our foreign exchange earnings come from our (net) exports of LNG and other energy related products such as gasoline and diesel, and petrochemicals such as ammonia and methanol.

As Charts 1 and 2 show, in 2018, 86% of our total exports came from the energy sector. This was the highest level of export concentration on energy since 2011, and shows that instead of becoming more diversified, our economy has become more energy dependent. Why did this happen?

READ MORE:  Why-it-is-harder-to-get-USD-in-TT-than-anywhere-else in the Caribbean 

Maduro orders treason charges against Guaido over Guyana claim

President Nicolas Maduro

Maduro’s order, which was swiftly followed up by the announcement of an investigation by attorney general Tarek William Saab, ratchets up the stakes in Venezuela’s political crisis, just as Guyana is about to debut as an oil producer from offshore acreage in the disputed territory.

ExxonMobil plans to produce 120,000 b/d of crude starting in March 2020 from the Stabroek block, rising to 750,000 b/d in 2025, a volume that nearly matches Venezuela’s shrunken output.      Continue reading

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