Category Archives: Economics/Finance

Who will be the world’s largest oil producing country – per person – in the 2020s? – commentary

Exxon-Mobil- Exploration Rig

………..  that honour will belong to the South American nation of Guyana

Kuwait perhaps, with three million barrels per day and a population just over four million? Saudi Arabia or, looking further afield, Brunei or Norway? No, that honour will belong to the South American nation of Guyana, which could well be sharing output of 700,000 barrels per day among just 770,000 people.

Although adjacent to Venezuela, Guyana has been better known for sugarcane, and cricketers such as Clive Lloyd, Lance Gibbs and Shivnarine Chanderpaul, than oil. But after first striking oil at Liza in 2015, ExxonMobil and partners Hess and China National Offshore Oil Corporation have made nine major discoveries in deep offshore waters, with production due to start in 2020.      Continue reading

New York: Town hall meeting answers urgent questions relating to Guyana

By Tangerine Clarke

A\t the head table, Director General in the Min. of Foreign Affairs, Audrey Waddle, VP and Min. of Foreign Affairs, Carl Greenidge, Ambassador Rudolph M. Ten-Pow, and Consul General to New York, Barbara Atherly, during the town hall meeting.

Sept. 29, town hall meeting at York College, was clearly a success, since many pressing questions were answered by Guyana’s VP and Minister of Foreign Affairs, Carl Greenidge, who, after issuing his statement to the United Nations 73rd GA, and a hectic week of bilateral meetings, addressed topics that included the Guyana territorial controversy, Guyana’s oil and gas sector, migration, charitable donation red-tape, and the disbursement of oil revenue to poor citizens.         Continue reading

Issues confronting the Caribbean’s Ageing Diaspora and Regional Governments? – By Shamette Hepburn

By Shamette Hepburn – Stabroek News

Over several decades members of the Caribbean diaspora have observed the day to day happenings in their territories of origin. Spiraling crime rates, increased economic hardship and insecurity generally punctuate the news from back home. Yet they know that crime and violence are only a small part of Caribbean life. The rest is positive and fulfilling and Caribbean migrants remain tethered to their homelands.

Members of the Caribbean diaspora have consistently travelled between North America, the United Kingdom and the Caribbean region in order to maintain their social ties. While the vast majority of Caribbean nationals are keen to travel back and forth, some are committed to returning permanently to the Caribbean. It is this group that Caribbean governments are intent on re-incorporating into their respective national fabrics.     Continue reading

Clarkson’s Car Years – Who Killed The British Motor Industry? – BBC 2000 – Video

Clarkson’s Car Years – Who Killed The British Motor Industry? – Video  (BBC 2000)

Comment: Back in the days when the elite were trying to break union power, the workers got blamed for constantly going out on deliberately provoked strikes. Many still blame the workers for the demise of the car industry, but if you look at it logically, it was the abysmally poor management. This is easily demonstrated by the fact that the Japanese, Toyota and Honda, came here, employed the same workers, and have enjoyed a long history unfettered by industrial action.    Continue reading

UG – University of Guyana – Events Scheduled from October to December 2018

CARICOM officials discuss free movement of skills within the region

Barbados’ Ambassador to CARICOM, David Commissiong and local officials joined a video conference at the ministry of foreign affairs and foreign trade to discuss the free movement of skills and the facilitation of travel for CARICOM nationals. (C. Lashley/BGIS)
By Cathy Lashley  – 

BRIDGETOWN, Barbados (BGIS) — Barbadian and other Caribbean Community (CARICOM) officials met on Thursday via video conference to see how best to look at the free movement of skills, and the facilitation of travel for CARICOM nationals.

The video conference link-up was held at the ministry of foreign affairs and foreign trade and was a follow-up on initiatives taken by CARICOM heads of government.            Continue reading

News Americas : TOP HEADLINES FOR September 27, 2018

TOP HEADLINES FOR Sept. 27, 2018

 

Visualizing the Rise of the Electric Vehicle – Infographic by visualcapitalist.com

Visualizing the Rise of the Electric Vehicle

INFOGRAPHIC

When will electric vehicles be the norm?

Today’s infographic uses projections from bank Morgan Stanley to show the expected rise of the EV.

See when EVs will surpass traditional autos in market share, and when the EV fleet will hit 1 billion vehicles in total.

View Visualizing the Rise of the Electric Vehicle

Guyana finance minister pushes investments and debt relief during visit to Kuwait

Guyana and Kuwait delegations meet in Kuwait City

By Ray Chickrie – Caribbean News Now contributor – 

KUWAIT CITY, Kuwait — The finance minister of Guyana, Winston Jordan, and his delegation arrived in Kuwait City on Saturday 22 September 2018, and held a flurry of meetings with government officials and the private sector to showcase Guyana as an investment destination while also addressing Guyana’s existing debt to Kuwait.

Jordan told the meetings that Guyana is “open, with good incentives and concessions available to investors”.  He also informed his audience of Guyana’s new oil and gas discoveries and its transformative impact on the economy.    Continue reading

China, Guyana and Suriname discuss south-south cooperation, air-links and investments

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Guyana’s President David Granger meets with Chinese Foreign Minister, Wang Yi in Georgetown
By Ray Chickrie – Caribbean News Now

PARAMARIBO, Suriname — The president of Suriname, Desi Bouterse, and the Chinese foreign minister, Wang Yi, met in Paramaribo on Sunday and both sides pledged to improve ties between the two countries. Prior to his arrival in Suriname, Wang Yi visited neighbouring Guyana where the two countries also signed agreements.

The Surinamese government and China are embarking on some major infrastructure projects to boost aviation and tourism. Suriname will modernize the Johan Pengel (JAP) Airport and the two countries are working on an air agreement to connect Paramaribo by air to China and to the rest of the Caribbean and Latin America.     Continue reading

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