Tag Archives: Business

Jordan’s Principle order may cost feds $15B in compensation, PBO says – National

The parliamentary budget office (PBO) says it could cost the federal government up to $15 billion to compensate First Nations families and children impacted by the child welfare system, as well as denials or delays of essential services. The figure updates the budget office’s initial estimate to include thousands more children, parents and grandparents […]

German’s rising – Stabroek News

A pleasing afternoon in the company of one of the current key players in what is almost certainly the most enduring eating house in contemporary Guyana, Clinton Urling, was sufficient to send a message that the onset of COVID-19 has done little to dampen the entrepreneurial spirit of the second-generation owners of German’s Restaurant. Just […]

Online retailer Caribshopper launches in TT

News Camille Moreno Wednesday 17 February 2021 Caribshopper chief marketing officer Catherine Goodall Small businesses in TT now have an avenue through which they can access the North American market, thanks to Caribshopper.com. Caribshopper opened its virtual doors in Jamaica in October 2020 and this year, expanded its operations to TT. In a release Wednesday, […]

Prolonged peril expected for tourism sector

by Marlon Madden There is a prediction that the tourism industry will continue to suffer for another two to three years before it returns to any semblanceof pre coronavirus (COVID-19) levels. At the same time, while industry officials are optimistic that the rollout of vaccination will help to boost travellers’ confidence, they havewarned countries against […]

Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate

America’s official unemployment rate has declined sharply after rocketing up last year, but top government economic officials are increasingly citing a different figure — one that puts the jobless rate at nearly 10 percent, well above its official 6.3 percent reading and roughly matching its 2009 peak. That emphasis on an alternative statistic, espoused by […]

Coronavirus: Vaccine tourism is both unethical and bad for business, experts say

Executives who engage in so-called “vaccine tourism” show both an ethical disregard for those less fortunate and a surprising lack of business acumen, experts argue. Their comments came after the head of Canada Pension Plan Investment Board, Mark Machin, stepped down after admitting to travelling to Dubai to receive a COVID-19 vaccine. “The reputational damage […]

STEM Guyana to distribute 1,000 lessons plans to COVID-stalled parents and children next week

STEM Guyana, the organization which dramatically raised the country’s technology profile by fielding teams that distinguished themselves at prestigious international robotics competitions in Washington and the United Arab Emirates, earlier this week told the Stabroek Business that it is preparing to distribute nearly 1000 lessons plans to parents & vulnerable students across the country. This […]

The state of TT’s energy sector

Business Newsday Thursday 18 February 2021 This file photo shows the installation of DeNovo’s Iguana platform with well services Rig 110 and heavy lift barge. There are many small gas pools on the east coast that are not economic for a BP or Shell, but may be more than suitable for smaller players like a […]

Nepotism can harm small firms, says Dr Smith

by Marlon Madden Small business operators are being warned against engaging in nepotism if they are serious about good governance and growth of their operations. This piece of advice was dished out to members of the Small Business Association (SBA) recently as the organisation held one of its members’ information webinar under the theme The […]