President, Dr. Mohamed Irfaan Ali said Guyana will finally be able to diversify its economy, using the wealth being derived from the oil and gas industry.
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NASSAU, Bahamas – A new study has found that more than 60 percent micro, small and mid-sized Enterprises (MSMEs) in the Bahamas had been affected by the passage of Hurricane Dorian and the ongoing coronavirus (COVID-19) pandemic.
NEW YORK, New York – The New York City Economic Development Corporation (NYCEDC) has announced the opening and rebranding of Flatbush Central—formerly Flatbush Caton Market—the revitalized marketplace that has been part of the fabric of the Caribbean community in Central Brooklyn for more than 20 years.
PARAMARIBO, Suriname – The Suriname government has begun the process of ending a controversial deal for the construction here of a state-of-the-art hydrogen plant by the Danish company, Hybrid Power System Group (HPSG).
GEORGETOWN, Guyana – Guyana says it is working with Barbados to create a joint tourism product, linking the two Caribbean Community (CARICOM) countries as a common market and package.
KINGSTON, Jamaica – The Jamaica government Wednesday welcomed the decision by teachers to accept the four per cent salary increase and benefits which they said must be paid before the end of March this year.
PORT AU PRINCE, Haiti – The Bank of the Republic of Haiti (BRH) says economic activity in the French-speaking Caribbean Community (CARICOM) country has been marked by the deterioration of the business climate due to the deterioration of security conditions and prolonged periods of scarcity of fuel.
KINGSTON, Jamaica – The state-owned Jamaica Bauxite Mining Limited (JBM) is to establish a multi-million dollar (One Jamaica dollar=US$0.008 cents) commercial and industrial park development project in Lydford, St. Ann, the largest parish in the country located on the north coast.
PORT OF SPAIN, Trinidad – The Secretary General of the Caribbean Telecommunications Union (CTU), Rodney Taylor, is urging the region not to relinquish all technological innovations to the developed world.
ST. JOHN’S, Antigua – Reporting that the country has bounced back after being battered by the COVID-19 pandemic, Prime Minister Gaston Browne on Thursday reported that the economy recorded 5.3 percent growth last year despite the difficult economic circumstances and the reduction in revenues throughout 2020 and 2021.
ST. JOHN’S, Antigua – The Antigua and Barbuda government says it is seeking to raise US$200 million on the European Stock Market in a bid to acquire the Jolly Beach Hotel, which closed its doors nearly two years ago owing both government and workers millions of dollars in outstanding taxes and severance.
TORONTO, Canada – The Canadian-based CGX Energy Inc. (CGX) has announced the discovery of oil at the Kawa-1 well in the Corentyne Block in Guyana.
BRIDGETOWN, Barbados – The Barbados-based Caribbean Development Bank (CDB) Tuesday projected a 9.1 percent gross domestic product (GDP) growth across its 19 Borrowing Member Countries (BMCs) in 2022, accelerating the region’s economic recovery which started in 2021.