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Business Guardian

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Business Guardian

The battle lines have been drawn and public servants are ready to rumble.

Urging the nation to prepare for an epic confrontation on August 4, president of the Public Services Association (PSA) Watson Duke is warning that “things will get worse before they get better.” 

However, he is reassuring workers that they will not be abandoned as the...

Thursday, January 6, 2011

The Finance Minister, on several occasions, has pointed out that we need to stimulate the construction sector to in order to revive the fortunes of our economy.

Thursday, January 6, 2011

I note that there is some local optimism on our economic recovery based on increasing price of oil (now in the (US)$90/bbl) and other energy products, though the price of our major but depleting energy export--natural gas--is still in the doldrums (US)$4/mmbtu).

Thursday, January 6, 2011

The Inter-American Development Bank (IDB) will continue to boost its efforts to help Latin American and Caribbean countries combat poverty and inequality and promote sustainable growth as while social indexes are improving about 180 million are still considered poor.

Thursday, January 6, 2011

Developments in the insurance sector in 2009-2010 were overshadowed by the Government’s on-going efforts to restructure Clico and British American (BA), following intervention by the Central Bank in early 2009.

Thursday, January 6, 2011

The Government continues to lose millions of US dollars in revenue due to the continued shutdown of BHP Billiton’s Angostura field. The field was originally shut down on September 20, 2010 and was due to restart production on December 21, 2010.

Thursday, January 6, 2011

In its October Monetary Policy Review (MPR), the Central Bank reported that the aggregate value of the funds under the management of local mutual funds in September 2010 amounted to $36.5 billion in—of which $32.6 billion was placed in what the institution referred to as money market funds and $...

Thursday, January 6, 2011

After a record $9 billion in profits in 2008, the National Gas Company secured $1.7 billion in profits in 2009. Despite posting a profit, the company’s sales declined by $8.5 billion and its gross profit declined by almost $5 billion in 2009.

Thursday, January 6, 2011

After three years on the drawing board, the CariSal plant will be built this year.

Thursday, January 6, 2011

The Government’s legislated minimum wage of $12.50 an hour took effect from January 1. Last September, during the budget debate, Labour Minister Errol McLeod announced that the minimum wage would be raised from $9 to $12.50 an hour or $100 a day.

Thursday, January 6, 2011

Jonathan Adams, president of the Small Enterprising Business Association (SEBA), is hoping that the Government projects in 2011 will give the sector a much-needed boost after a tough 2010.

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