Category Archives: finance and trade

Guyana: SARA investigating smuggled gold and corruption – A.G.

SARA seeking Brazil cooperation to recover revenue from smuggled gold – Attorney General …says agency has 12 cases with possible recovery value of over $2B

Basil Williams

Guyana pushes trade and investment at OIC meeting in Turkey

By Ray Chickrie
Caribbean News Now contributor – 

ISTANBUL, Turkey — Guyana attended the 34th meeting of the Guyanese, which was held last week in Istanbul, Turkey. Representing Guyana at the meeting was its permanent ambassador to the United Nations, Michael Ten-Pow, who promoted the opportunities for trade and investment in his country.

It was the first meeting of the COMCEC that Guyana has attended and is an indication that the government is serious about diversifying its economic partners in order to accelerate sustainable socio-economic development.        Continue reading

CARICOM meeting in Trinidad ends with the “St Ann’s Declaration on CSME”.   

Heads of government and other heads of delegation at the CARICOM Special Meeting on the CSME

CSME meeting in Trinidad wraps up with new declaration – the St Ann’s Declaration on CSME.   

By Caribbean News Now contributor – 

PORT OF SPAIN, Trinidad — A special two-day meeting of Caribbean Community (CARICOM) heads of government in Port of Spain, Trinidad, addressing the rate of implementation of the CARICOM Single Market and Economy (CSME) and making sure its benefits are available for CARICOM nationals, wrapped up on Tuesday with the issue of a new declaration – the St Ann’s Declaration on CSME.        Continue reading

ExxonMobil makes 10th oil discovery offshore Guyana

– oil reserves now over five billion barrels

The Noble Tom Madden

Director, Department of Energy, Dr. Mark Bynoe this morning announced that US oil company ExxonMobil has made its 10th discovery offshore Guyana at the Pluma-1 well.

A release from the Ministry of the Presidency said that this latest discovery has increased the estimated recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.

“This is great news for Guyana…the country is on the cusp of transformational development for current and future generations and the news of ExxonMobil’s 10th discovery offshore Guyana is expected to facilitate the country’s realisation of substantial social and economic improvements,” Dr. Bynoe said.     Continue reading

Prime Minister May and the Brexit deal – By Yvonne Sam

Prime Minister May and the Brexit deal —- Still needs to garner the Brits’appeal

By Yvonne Sam

As the decision deadline approaches, it is not what has been said but clearly what lies ahead.

In a June 2016 referendum the Brits, seemingly exposed their grits and made a hit, voting to leave the European Union by 52% to 48%.  Come March 29, 2019 at 11.00 p.m Greenwich Mean Time, the United Kingdom will officially exit the European Union—an economic and political alliance of 28 countries. Such a move will bring 46 years of membership to an end.      Continue reading

Trinidad PM says the opposition is sabotaging the country

The Opposition “is sabotaging the country” and “protecting the criminal elements.”

Dr Keith Rowley

So said Prime Minister Dr Keith Rowley as he addressed a public meeting on the City Hall, POS on Thursday night, November 29. 2018.

The Prime Minister said the UNC was “hell bent” on not voting for the Income Tax Amendment bill because it wanted ” to protect the criminal element in the country who is parading in the financial sector, those with money to launder, those with money to hide, and those with money they can’t explain”. He said the Opposition also knew that the outcome of not supporting the measure would be “chaos” and the “ sinking of the banking sector”.

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Clamp comes down on luxury vehicles under remigrant scheme

 Budget 2019 has measures to target weaknesses in the remigrant scheme and abuse to importation of vehicles.

Finance Minister Winston Jordan has announced an overhaul of the much-criticized remigrant system for vehicles.

In his Budget Speech in the House, the Minister said that the current remigrant system is flawed and has led to abuse on a number of occasions.  Over the years, persons have come in posing as returning Guyanese and bringing in luxury vehicles, which are either sold or handed over to the true owner for a small fee.    Continue reading

Africa Set To Become A Massive Free Trade Area – Commentary

From left to right: African Union Chairperson and President of Rwanda, Paul Kagame, President of Niger, Mahamadou Issoufou, and African Union Commission Chairperson, Moussa Faki Mahamat, at the launch of AfCFTA in Kigali in March 2018. Photo credit: Office of President Paul Kagame.

Africa Set To Become A Massive Free Trade Area

UNITED NATIONS, New York November 23, 2018 (IPS) — Following the unveiling of the African Continental Free Trade Agreement in Kigali, Rwanda, in March 2018, Africa is about to become the world’s largest free trade area: 55 countries merging into a single market of 1.2 billion people, with a combined GDP of $2.5 trillion.         Continue reading

AMERIKA Today – By Peter… The Art Teacher – commentary

Great description of the USA political and economic arena as it is today…..

Another side of what is going on in the news.
AMERIKA Today – By Peter… The Art Teacher – commentary

For me it is a spectator sport like watching a continuous soccer game. I don’t take too many definite opinions because I have read enough to know that every news media is biased. The complicating problem for the last decade at least is the false information that is put out, both published in news media, on the internet, and through social media. It is very hard to decipher what is actually the truth any more.

Overall, and very slowly, America is on the way down as the world’s reserve currency. Unless someone in America can do something about this reality Americans and likely Canadians as well are in for a comparatively hard time.            Continue reading

Here’s What the Big Tech Companies Know About You – Infographic

Here’s What the Big Tech Companies Know About You

Tech companies like Facebook and Amazon are some of the most valued in the world.

However, as they become more entrenched in our everyday lives, they are receiving higher levels of scrutiny – especially about their use of your data.

What types of data do these companies admit to collecting?

See today’s infographic for a comparison.

What Big Tech Knows About You

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