Category Archives: finance and trade

TRINIDAD: Petrotrin Oil Refinery available to refine Guyana’s oil- Prime Minister Rowley

Trinidad and Tobago’s Prime Minister  Dr Keith Rowley on Sunday May 22, 2022, disclosed that the state-owned oil refinery, Petrotrin,  would be available to refine oil from Guyana now that the takeover deal is almost sealed.

“The discussion did involve the possibility that if Guyana has oil  and Guyana is interested with someone, who we have selected here or are selecting, then those conversations should take place. That’s where we are at the moment and it all has to do with a supply of oil to the refinery,” he told the media in Trinidad.              Continue reading

Guyana and Barbados launch “food terminal” for the region

sherrylynclarke@nationnews.com. Barbados — from CMC

Guyana and Barbados launch “food terminal” for the region

President of Guyana Dr Irfaan Ali (left) and Barbados’ Prime Minister Mia Amor Mottley. (GP)

GEORGETOWN, Guyana – The food import bill in Caribbean Community (CARICOM) member states, may be reduced by up to 25 per cent in 2025 due to the establishment of the Guyana/Barbados food terminal in Barbados.

This is according to the Prime Minister of Barbados, Mia Mottley who was speaking during a joint press conference on Friday with the Prime minister of Dominican Roosevelt Skerrit.       Continue reading

Russia-Ukraine war: what we know on day 89 of the invasion – The Guardian

Map of Ukraine

Mon 23 May 2022 01.01 BST – THE GUARDIAN

Kyiv says it will not agree to a ceasefire that involves handing territory to Russia; Ukrainian president says up to 100 Ukrainians dying every day on eastern front

  • Ukraine has said it will not agree to any ceasefire deal that would involve handing over territory to Russia, as Moscow intensified its attack in the eastern Donbas region. “The war must end with the complete restoration of Ukraine’s territorial integrity and sovereignty,” said Ukraine’s presidential chief of staff, Andriy Yermak.            Continue reading

GUYANA: Outcome Statement of the Agri-Investment Forum and Expo — May 19 to 21, 2022 

DPI Guyana – 21 May 2022

Caricom Headquarters
Georgetown. Guyana.

A representative group of CARICOM Heads of Government from Antigua and Barbuda, Barbados, Belize, Dominica, Guyana, Montserrat and Trinidad and Tobago and other high-level representatives from The Bahamas, Grenada, Jamaica, St. Vincent and the Grenadines, Suriname and regional and international institutions met in Georgetown, Guyana at the Arthur Chung Conference Centre on May 19 and 20, 2022 as participants in the “Agri-Investment Forum and Expo: Investing in Vision 25 by 2025”, organised by the Government of Guyana in collaboration with the CARICOM Secretariat.

The Group took the opportunity of the important and timely Forum to discuss the current grave global situation of the shortages and high prices of imported food; the shortage and increased prices of fertilizers and other agricultural inputs; and the severe problems affecting transportation and supply.        Continue reading

GUYANA: Moves to strengthen economic relations between Guyana & USA

The Bilateral Chamber of Commerce and the Private Sector Commission (PSC) have pledged to leverage their combined resources to strengthen economic relations between the United States and Guyana.

This is made possible through the signing of a Memorandum of Understanding between the two entities earlier this month in Houston, Texas.

The signing ceremony was witnessed by Guyana’s Minister of Natural Resources Vickram Bharrat, US Ambassador to Guyana Sarah-Ann Lynch, ExxonMobil executives Dr. John Ardill and Alistair Routledge, and CEO of Go-Invest Guyana Dr. Peter Ramsaroop.      Continue reading

CARICOM – CANADA POLICY FORUM 2022 – 25 May 2022 : 11:00am – 12:30pm EST – Virtual Event

FLYER – CARICOM – CANADA POLICY FORUM 2022 – 25 May 2022 11 am

We wish to inform you that the CARICOM Heads of Diplomatic Missions in Ottawa in collaboration with the Canada-Caribbean Institute and the Latin America and Caribbean Study Group of the Canadian International Council will be hosting a Policy Forum on Wednesday, May 25, 2022, from 11:00am – 12:30pm (EST) via zoom platform under the theme “Shaping a New Partnership for Recovery and Resilience.” 

The Event Flyer is attached above for ease of reference.

Please note that there is no limitation on participation in this event. Participants can register using the following link:

https://www.eventbrite.ca/e/canada-caricom-shaping-a-new-partnership-for-recovery-and-resilience-tickets-331539442397

U.S.A — Florida’s Home Insurance – homeowners lose insurance battle – By Mohamed Hamaludin

U.S.A. — As Florida governor, Legislature wage culture war, homeowners lose insurance battle

By MOHAMED HAMALUDIN

It sometimes starts simply. Someone knocks on a homeowner’s door, offers to inspect the roof and often follows up with the paperwork to file a claim. In some cases, the roof is not even checked but the homeowner is told a replacement is necessary. All that remains is to sign an “assignment of benefits” or ABS form, handing over the project to the contractor. If the insurance company rejects the claim, a lawsuit is threatened or filed, even without the homeowner’s consent. Faced with the possibility of hefty legal costs, the insurance company pays up.

Welcome to the Florida property insurance crisis. This is how bad it is, based on information which Gov. Ron DeSantis’s office and several news outlets have provided:            Continue reading

Guyanese Diaspora Digest Publications -13th Edition 2022

Download: Guyanese-Diaspora-Digest-13th-Edition

GUYANA: OIL: ‘We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza- Opinion

The Guyanese environmentalist Arnette Arjoon alongside fishing boats docked at Liliendaal, Georgetown.
Over time, the Guyanese environmentalist Arnette Arjoon grew to suspect Exxon was indifferent to the dangers of an oil spill to the coast and rivers of one of the best preserved parts of the Amazon biome. Composite: Fidal Bassier/Guardian/Reuters

Multibillion-dollar deal promising to lift country out of poverty may be false dawn with dire impact on climate, warn campaigners

– The Guardian – Thu 12 May 2022 12.04 BST

Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyana’s coast a “blessing” that will earn billions of dollars for one of the poorest countries in the Caribbean, even as she recognises that pulling yet more fossil fuel from the ground will deepen the climate crisis.

But Arjoon does have a problem with who is drilling the oil. She has seen firsthand what happens when the US’s largest petroleum company descends on a small country bearing the promise of riches.                  Continue reading

GUYANA: Government makes first withdrawal of US$200M from Natural Resource Oil fund

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This is the first withdrawal that has been made from Guyana’s oil wealth fund.

The withdrawal was announced on Tuesday night via a press release from the Ministry of Finance, which indicated that this sum has been transferred to the Consolidated Fund to finance national development priorities.

According to the release, the withdrawal was done in accordance with the Natural Resource Fund Act of 2021.          Continue reading

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