Category Archives: Business

The View from Europe: The trajectory of history is changing – By David Jessop

The View from Europe: The trajectory of history is changing

By David Jessop – November 26, 2016
Opinion - commentary -analysis

David Jessop

David Jessop

Being able to identify the policy changes that will transform the future is normally far from easy. Arguably, however, in the week past, the remarks of two world leaders make plain how the trajectory of global history is about to change.

In a formal policy pronouncement on November 21, the US President-elect, Donald Trump, confirmed that on his first day in office he would sign a note of intent to leave the Trans Pacific Partnership, the Pacific Rim free trade agreement that does not involve China. Instead, he said, his administration would negotiate “fair bilateral trade deals that bring jobs and industry back on to American shores”.     Continue reading

Guyana: No foreign exchange shortage, but Caricom buyers are taking out US dollars

Guyana: No foreign exchange shortage, but Caricom buyers are taking out US dollars

Guyana on Tuesday rubbished claims that there is a massive foreign exchange shortage, but he said that buyers from sister CARICOM countries having been taking out United States (US) dollars from this country.      Continue reading

Suriname identified as one of world’s top two sources of fresh water

Suriname identified as one of world’s top two sources of fresh water
Published on December 2, 2016
water_export.jpg

Amazone Resources towing fresh water to Barbados on a trial run

 By Ray Chickrie – Caribbean News Now contributor

PARAMARIBO, Suriname — Alliance Partners of Monaco, which is moving to tap the lucrative drinking water business, has identified Suriname and Finland as the world’s top two sources of high quality drinking water during a press conference this week in Finland.

However, the company has chosen Finland because it is three hours away from Monaco. Nevertheless, Suriname isn’t so far from the EU, it borders France’s overseas department of French Guiana, and may have an advantage in tapping the EU market.    Continue reading

The Future: The Extrapolations of Udo Gollub at Messe Berlin, Germany

The Future: The Extrapolations of Udo Gollub at Messe Berlin, Germany

I just went to the Singularity University summit and here are the key learnings:

Opinion - commentary -analysisIn 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt.

What happened to Kodak will happen in a lot of industries in the next 10 years – and most people don’t see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975.

The first ones only had 10,000 pixels, but followed Moore’s law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got main-stream in only a few short years.

It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.  Continue reading

COURTS CHRISTMAS LIGHT-UP TRADITION – by Francis Quamina Farrier

COURTS CHRISTMAS LIGHT-UP TRADITION – by Francis Quamina Farrier

 Melissa Vandeyar; Winning COURTS singer

Melissa Vandeyar; Winning COURTS singer

While it is not any way near the grand mega Christmas Tree light-up at Rockefeller Plaza in midtown Manhattan, New York City, the relative modest COURTS Christmas tree Light-up here on Main Street in downtown Georgetown, Guyana, has also now become an annual Guyanese Christmas tradition. Many Guyanese look forward to it eagerly. In a way, this COURTS Christmas tradition, is now an  important element of the Guyanese Christmas Season, in what is now a much cleaner capital city, Georgetown.

On the day in question, in this Jubilee Year 2016, it was Friday November 11, the southern block of Main Street, between Quamina Street and Church Street, was blocked off to vehicular traffic. That is part of this annual Christmas tradition. A temporary stage was set-up across the western pavement, and jumbo public address systems, put in place. It was another COURTS Christmas Trees Light-Up, and the building up of another phase of a Guyana Christmas tradition.   Continue reading

Suriname: New Mine Brings Big Changes To Town In Rainforest

Suriname: New Mine Brings Big Changes To Town In Rainforest

Nov 29, 2016 – http://caribbeannewsservice.com/

LANGA TABIKI, Suriname, Nov 29 2016 — Muddy footpaths wind past empty homes, most Suriname mapcollapsing into ruins. Dozens of stores and bars have closed. The most prominent citizen, the chief of a tribe descended from escaped African slaves, has decamped to the capital.

A gold mine operated by a U.S.-based company opened recently in the rainforest of southern Suriname, bringing hundreds of jobs and badly needed revenue to a government struggling with some of the highest inflation in the world.

But it has also emptied out the nearest community, Langa Tabiki, a small frontier town with an outsized role in the history and culture of this South American nation, one that has depended heavily on wildcat mining.     Continue reading

Demerara Bank going fully solar; offers low-interest loans for clean-energy systems

Demerara Bank going fully solar; offers low-interest loans for clean-energy systems

 President David Granger takes a look at some of the batteries, which are a part of the solar electricity system at Demerara Bank Limited, as CEO, Mr. Pravinchandra Dave explains how the system works.

President David Granger takes a look at some of the batteries, which are a part of the solar electricity system at Demerara Bank Limited, as CEO, Mr. Pravinchandra Dave explains how the system works.

Demerara Bank Limited’s (DBL) Corporate Headquarters is now fully powered by solar energy at a cost of GYD$27.5 million, an amount the company hopes to recoup in another three years because it no longer has to pay electricity bills totalling about GYD$1.5 million monthly.   Continue reading

Dutch firm to conduct feasibility for new Demerara Harbour Bridge

Dutch firm to conduct feasibility for new Demerara Harbour Bridge

The present Demerara Floating Bridge

The present Demerara Floating Bridge


A Dutch firm has been selected to conduct a feasibility study for the construction of a new fixed high-span bridge across the Demerara River.

Minister of State, Joseph Harmon said Leivencse CSO’s feasibility study will examine the possibility of a public-private partnership. Website: http://www.lievensecso.com/

“This is the final stage of feasibility before you actually get to construction,” Harmon told a post-cabinet news conference.      Continue reading

Suriname economy in deep recession, says IMF

Suriname economy in deep recession, says IMF

Suriname map

Click to enlarge

By Ivan Cairo – Caribbean News Now contributor – Published on November 21, 2016

PARAMARIBO, Suriname — The economic outlook for Suriname remains challenging, the International Monetary Fund (IMF) said at the conclusion of its regular 2016 Article IV consultation. For 2016, a GDP contraction of 9 percent is projected, following a 2.7 percent contraction in 2015. The deep recession reflects a number of factors, including spillovers from the closure of the Suralco alumina plant and the contractionary impact of the fiscal adjustment.

The IMF’s mission chief for Suriname, Daniel Leigh, said at a press conference on Friday, that income from the Merian gold mine, which officially opened on Thursday, will support economic activity, and it is expected that the recession will ease in 2017. Inflation is projected to be 60 percent at end-2016 and to decline in 2017.      Continue reading

Guyana – Go SEE Visits 2016 – Ministry of Foreign Affairs

Go SEE Visits 2016 – Foreign Affairs Guyana
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