Category Archives: finance and trade

The Guyana Economic Development Trust and Guyana Innovation Prize – NYC – June 2. 2019

The Guyana Economic Development Trust and Guyana Innovation Prize – NYC – June 2. 2019
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June is National Caribbean Heritage Month in the U.S. Celebrate Youth Innovation and Entrepreneurship in Guyana: Introducing the 2019 Guyana Innovation Prize. The Guyana Economic Development Trust (GEDT) (www.theguyanatrust.org) believes in the transformative impact of investing in research ideas with commercial promise coming from Guyana.
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The Guyana Innovation Prize, a project of GEDT, in collaboration with the University of Guyana (UG), awards pre-seed grant funding to commercially viable ideas in agro-processing and tech from students, alumni, and faculty of the University of Guyana.

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Venezuela reports collapse in oil supply, tightening global market – OPEC

Venezuela’s output now less than 1M barrels/day due to US sanctions and blackouts

Flag of Venezuela

LONDON,  (Reuters) – Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, the country told OPEC, deepening the impact of a global production curb and further tightening supplies.

Supply cuts by OPEC and partners led by Russia, plus involuntary reductions in Venezuela and Iran, have helped drive a 32 percent rally in crude prices this year, prompting pressure from U.S. President Donald Trump for the group to ease its market-supporting efforts.

In a monthly report released on Wednesday, the Organization of the Petroleum Exporting Countries said Venezuela told the group that it pumped 960,000 barrels per day (bpd) in March, a drop of almost 500,000 bpd from February.    Continue reading

BREXIT: ‘The People Have Spoken – The Bastards’ – By Frank Lee

BREXIT: ‘The People Have Spoken – The Bastards’ – By Frank Lee

The whole brouhaha around Brexit has amply demonstrated the under-hand tactics used by the losing side post-2016 referendum. There seems no dirty trick that the PTB and their useful idiots will not employ in their ongoing campaign to keep the UK in the prison of the EU and keep the sinking ship of the EU afloat.

The counter-revolution campaign contained of 4 discrete but interconnected segments.

READ MORE – BREXIT: ‘The People Have Spoken – The Bastards’ – By Frank Lee

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Brexit, Dark Money and Big Data

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Fly Jamaica makes staffers redundant; hopes for return in “couple” of months

Ronald Reece

Fly Jamaica has told its staffers that it is experiencing cash problems and are making redundant effective tomorrow  – March 31, 2019.

Fly Jamaica is also hoping to start flying again in a few months but, in the meantime, a sloth in processing refunds continues to upset passengers who were left in limbo.

According to a letter yesterday to staffers, Chairman, Captain Ronald Reece, said that a lack of an aircraft and the impact on the finances has caused the decision.

“It is with great sadness and remorse that we have arrived at this juncture. We are hoping for funding but that has been slow in coming, therefore for the time being, no other resources or options exist.”      Continue reading

Economics: The Biggest Economies in 2030 – Animation – using current trends

Animation: The Biggest Economies in 2030

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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

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US President Meeting with Caribbean delegation is “troubling” – PM Gonsalves

PM Gonsalves of St.Vincent and the Grenadines comments on Trump’s meeting

Gonsalves describes meeting between US President and Caribbean delegation as “troubling”

24 March 2019 – CMC
Prime Minister of St. Vincent and the Grenadines Dr. Ralph Gonsalves has described the recent meeting between United States President Donald Trump and some Caribbean leaders as “troubling”.

Speaking to reporters here late Saturday, Gonsalves noted that there was no true representation of the Caribbean Community (CARICOM) as the current chairman of the regional body, Prime Minister of St Kitts and Nevis Dr Timothy Harris was not invited to the meeting.

He also pointed out that also absent were members of the CARICOM advisory committee including himself, Barbados Prime Minister Mia Mottley and Trinidad and Tobago’s Prime Minister Dr Keith Rowley.        Continue reading

Grenada still fastest growing economy in Caribbean, reports CDB 

Caribbean Development Bank (CDB) Report

Grenada still fastest growing economy in Caribbean, reports CDB

20 March 2019 – CMC
The medium-term outlook for Grenada is positive and for 2019, the Caribbean Development Bank (CDB) is projecting ts economic growth of 4.5 per cent, with similar outcomes expected over the medium term.

The CDB said construction, tourism, agriculture and private education sectors will also drive performance, noting that in terms of construction, there should be further momentum from major road network upgrades and ongoing private sector projects.      Continue reading

Lethem industrial estate project targets local entrepreneurs, Brazilian companies

G$1B Lethem industrial estate project targets local entrepreneurs, Brazilian companies

On Thursday, a few minutes’ drive from the Takutu Bridge, which links Guyana and Brazil at the town of Lethem, several officials gathered at an unfinished building.

IS BOEING CANCELING THE BOEING 737 MAX? – commentary

Boeing 737 MAX 8
Is Boeing Canceling the Boeing 737 MAX?

After the Ethiopian Flight ET302 crashed on Sunday, the whole world is still grieving the 157 victims of the disaster.

However, this is the second deadly Boeing 737 MAX 8 crash in the span of fewer than 6 months. Back in October, a Lion Air MAX 8 plunged into the sea on flight JT 610. The two accidents have raised quite a few safety concerns about the newest Boeing 737 jet.

Subsequently, after the crash in Ethiopia, airlines and aviation authorities have grounded MAX 8 jets. In just three days, almost all of the global Boeing 737 MAX 8 fleet is sitting parked on the ground, generating millions of losses for airlines.

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Why do Republicans still back Trump? The answer is simple: Attitude and Gratitude

Scott Jennings | Los Angeles Times

Why do Republicans stick with Donald Trump?

It’s a question I’m asked again and again by Democrats, “Never Trumpers”, and journalists. But the answer is simple.   Attitude and Gratitude.

For years, Republican voters wanted someone — anyone — to come along and do two things: Stick it to the Clintons and punch back against the media-Democratic Party alliance that fires on every Republican brave enough to stick a head out of the foxhole.

If you attended any GOP fundraiser or grassroots event between 2000 and 2016 — and I went to hundreds — you heard this sentiment over and over. And over. And over.

The secret sauce is Trump’s continued deliverance of an attitude for which Republicans thirsted for years. Continue reading

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