Guanabara Bay

FILE - In this April 21, 2015 file photo, a man fishes near a floating oil platform in Guanabara Bay in Niteroi, Brazil. The administration of Jair Bolsonaro plans to auction seven oil fields despite contrary advice from analysts of Brazil's main environmental body. (AP Photo/Leo Correa, File)

OUR close neighbour, Guyana, headquarters of the Caribbean Community and Common Market (Caricom) group, has been invited to be a member of the global network on contract transparency.

This was after it participated in the Extractive Industries Transparency Initiative (EITI) 2019 global conference in Paris. The theme of the conference was “Open Data, Build Trust” and Guyana’s delegation was led by Minister of Natural Resources, Raphael Trotman and included Minister of Natural Resources staff member, Shondell France, National Director and deputy director of Guyana’s Extractive Industries Transparency Initiative, 

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This week, we at Bourse recap the performance of local and international equity markets for the first nine months of 2019. Despite signs of decelerating global growth, escalating trade tension between the US and China and major market events, international stocks continue to rally.

For the past four years, the Government has spent, or budgeted to spend, about $202.33 billion. It has taken on $24 billion in additional debt. Of the $202.33 billion spent in the 2016 to 2019 fiscal years, over $186.8 billion, or 92.4 per cent, was in recurrent expenditure.

AS THE countdown to Monday’s budget day presentation by Finance Minister Colm Imbert intensifies, Port of Spain vendors and Charlotte Street shoppers said they are hoping for a drastic reduction in food prices and an increase in minimum wage to about $18 or $20 an hour.

OVERALL market activity resulted from trading in 14 securities of which three advanced, two declined and nine traded firm. Trading activity on the first tier market registered a volume of 239,931 shares crossing the floor of the Exchange valued at $2,537,479.85.

PRIME Minister Dr Keith Rowley said yesterday his ringing of the opening trading bell at the Nasdaq stock market in New York last Friday represented the country to the world in a positive way, and when this happens, it has a positive impact on the population in the same way as when the country wins a medal at an international event.