Category Archives: finance and trade

GUYANA: Govt. looking for investor to help revive contentious Amaila Falls Hydro project

Amaila Falls Hydro Dam

Jul 25, 2021 – Kaieteur News – The Office of the Prime Minister has published a request for proposals for the Amaila Falls hydro project on Friday, as the government looks to revive the project which has not gotten off the ground for more than a decade since it was first proposed, due to issues of feasibility and a lack of transparency.

The People’s Progressive Party Civic (PPP/C) had intended years ago, to have the China Railways First Group (CRFG) develop the project, with money coming from Norway, China and the Inter-American Development Bank (IDB). But a Norwegian ethics council had raised questions about the involvement of the Chinese company in a significant corruption case.        Continue reading

VIDEO: “Covid-19: why your life will never be the same again” | The Economist

 “Covid-19: why your life will never be the same again” | The Economist

Across much of the world, covid-19 restrictions are starting to ease. The Economist has crunched the data to calculate how close countries are to pre-pandemic levels of normality—but will life ever be the same again?

FINANCE: Why China wants to undermine bitcoin – Currency and control – Opinion

Beijing’s crackdown on cryptocurrencies has captured headlines, while behind the scenes its reserve bank set up its own digital currency

Thu 8 Jul 2021 20.38 EDT – THE GUARDIAN. UK

Few would dispute that China’s recent crackdown on cryptocurrency trading and mining has contributed to the recent plunge in the value of bitcoin and other cryptos.

But while the argument rages about whether the volatility of cryptos is a sign of fundamental weakness or merely a bump along the road, the initiatives coming out of Beijing are being seen by experts as a sign of China’s attempts to incubate its own fledgling e-currency and reboot the international financial system.          Continue reading

Guyana in search of investors for landmark gas to energy project – OilNOW

OilNOW

OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

The Guyana government is inviting Expressions of Interest (EOI) for joint participation with the administration and ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) in designing or utilizing the outputs from its Natural Gas Liquids (NGL) and Liquified Petroleum Gas (LPG) and related facilities. These structures are being built as part of the government’s landmark estimated US$900 million Gas-to-Energy project set to come on stream by 2024.    Continue reading

GUYANA: Sod turned for US$20M Marriott-branded hotel at Timehri – near CJIA

— President Ali sees need for training of thousands of hospitality workers

President Irfaan Ali (third from left) is joined by US Ambassador Sarah-Ann Lynch (third from right), Public Works Minister Juan Edghill (second from right), Minister of Tourism and Industry Oneidge Walrond (at right), Roy Bassoo (second from left) and an official from the Marriott chain in turning the sod yesterday. (Office of the President Photo)
President Irfaan Ali (third from left) is joined by US Ambassador Sarah-Ann Lynch (third from right), Public Works Minister Juan Edghill (second from right), Minister of Tourism and Industry Oneidge Walrond (at right), Roy Bassoo (second from left) and an official from the Marriott chain in turning the sod on July2, 2021 (Office of the President Photo)

Turning the sod for a US$20 million Marriott-branded hotel at Timehri, President Irfaan Ali yesterday said that his government has forecast the need for 3,000 to 4,000 hospitality workers and this was why it has decided to invest in training persons.          Continue reading

Mapped | The Happiest Countries in the World in 2021, by Region – Visual Capitalist

  • Mapped: Global Happiness Levels in 2021

“Are you happy?” is a deceptively complex question to both ask and answer.

It’s generally understood that having enough money to cover your needs and wants can help you live a relatively happy, comfortable life—and recent research shows this relationship may increase linearly as income levels grow, as well.

However, there’s much more to it than that. Happiness levels depend not just on financial security, but also broader perceptions of one’s social support, personal freedom, and more.          Continue reading

Oil price climbing to a point where Guyana can rake in record revenues

An oil supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past $75 a barrel – a two year high – as inventories continue to fall and demand picks up.

This scenario has seen analysts predict the return of a $100 a barrel oil price which would be the highest since Guyana began producing crude at the Liza Phase 1 Development in December 2019. This would see the Guyana government raking in around US$100 million per oil lift.        Continue reading

BUSINESS: Tech, social media and e-commerce giants companies keep flocking to Toronto

 Toronto Skyline – Click to enlarge

Toronto now second after New York in attracting companies …

Even amid the pandemic, tons of tech, social media and e-commerce giants have either expanded into or beefed up their presence in Toronto with new downtown offices in recent months, including but not at all limited to GoogleTiktokNetflixRedditDoorDashPinterestUber, IBM and Wayfair.

The ever-growing metropolis has been a boon for these companies for a reasons such as its obvious economic potential, human capital and “business friendliness,” all of which it rates extremely well on, according to a new ranking from fDi Intelligence that puts Toronto second on the list of top cities for such industries in all of the Americas.          Continue reading

VIDEO: The 25 Most Beautiful Cities In Africa – A Continent Containing 54 Countries

25 Most Beautiful Cities In Africa – YouTube

Africa is the world second largest and populous continent made up of 54 countries and each of these countries offer unique experiences for travelers especially through its cities.     

In this video we’ll present the 25 most beautiful cities in Africa. The most developed cities in Africa presented in this video take into consideration the most beautiful and advanced cities in the African continent with real opportunities and excellent infrastructure. Investment in Africa by country is at all-time high.       Continue reading

POLITICS: How Chinese Financing is Fueling Megaprojects Around the World

How Chinese Financing is Fueling Megaprojects Around the World

View the full-size version of this infographic. – 0r CLICK PHOTO

How Chinese Financing is Fueling the World’s Megaprojects

On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city.

Aside from the striking design, there’s another unique twist to this development — the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China’s $270 billion in “diplomacy spending” since 2000.          Continue reading