Category Archives: finance and trade

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

April 14, 2019 – 12:25 am
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

April 11, 2019 – 12:10 am

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

April 4, 2019 – 1:43 am

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

ALSO READ

Brexit, Dark Money and Big Data

An investigation into the financing of Brexit

 — February 3, 2019
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Fly Jamaica makes staffers redundant; hopes for return in “couple” of months

March 30, 2019 – 2:39 am

 Mar 30, 2019  Kaieteur News

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 →

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

March 30, 2019 – 1:45 am

Animation: The Biggest Economies in 2030

Click to Enlarge

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

March 27, 2019 – 12:20 am

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 →

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Grenada still fastest growing economy in Caribbean, reports CDB 

March 27, 2019 – 12:19 am

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 →

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Lethem industrial estate project targets local entrepreneurs, Brazilian companies

March 19, 2019 – 12:35 am

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

March 18, 2019  Kaieteur NewsPhoto: Wooing: GO-Invest Head, Owen Verwey, meeting with Brazilian businesses during a tour of the industrial estate last Thursday March 14, 2019.

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.

It is earmarked to be a conference area that adjoins what will be a business incubator centre, a hub for gathering entrepreneurs who won’t have to worry about start-up office costs or training.

Outside, construction is in full swing with blocks, worksite sheds and labourers milling around.

A company using what appears to be Brazilian equipment was busy laying asphalt to the driveways.  With the closeness to Brazil, a country that is self-sufficient, on a larger scale, the possibilities are endless.

The estate, at the country’s borders, will be testing new grounds for Guyana, trying to woo investors.      Continue reading →

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IS BOEING CANCELING THE BOEING 737 MAX? – commentary

March 19, 2019 – 12:26 am

13 Mar 2019 – https://www.aviationcv.com/aviation-blog/

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

March 11, 2019 – 12:11 am

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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