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No Guyanese among researchers sponsored by CDB for training in Canada Oct 16, 2024 News Kaieteur News – Nine outstanding researchers whose work is advancing climate resilience and sustainability across the region are being sponsored by the Caribbean Development Bank (CDB) to present their innovative studies at the 2024 Canada-Caribbean Institute (CCI) Research Symposium, taking place on the campus of McMaster University in Hamilton, Ontario, from October 16-18. The CCI Research Symposium is a distinguished forum that brings together a diverse network of researchers, scholars, practitioners, policymakers, and stakeholders, CDB said in a press release. This year’s event will tackle pressing regional challenges including environmental justice, public health, housing and food security, climate vulnerabilities, and integration of alternative energy sources. The nine CDB-sponsored researchers are drawn from six countries. The representatives from Trinidad and Tobago are Dr. Cheryl Ann Boodram, Lecturer in Social Work at The University of the West Indies (UWI), St. Augustine, whose research focuses on community resilience and disaster literacy in flood-prone areas; Mr. Bhopendra Maharaj, a PhD candidate at The UWI, whose work explores climate change mitigation strategies within the transportation sector; and Mrs. Crystal Roberts, Founder of The Crystal-Clear Initiative, who brings expertise in disaster risk management and community resilience. Dr. Elon Cadogan, is an Environmental Engineer at the Caribbean Community Climate Change Centre, specialising in the development of climate-resilient wastewater systems, Mr. Trevon Cal lender, a Conservationist at The UWI Cave Hill Campus in Barbados, advocates for youth involvement in sea turtle and coral reef preservation. Grenada is represented by Ms. Bevon Charles, Founder of Akata Farms, who leads innovative projects leveraging AI and blockchain for sustainable small-scale farming. Ms. Getinella Daley, a master’s student at the University of Technology Jamaica is researching the feasibility of small-scale hydroelectric projects for rural communities. Belizean Ms. Sheena Zuniga, President of the National Garifuna Council, emphasises the integration of indigenous knowledge to enhance climate resilience and Ms. Sorayadebie Jhagroe, an Energy Regulation Specialist with the Energy Authority from Suriname, focuses on integrating renewable energy into existing power systems. In commenting on CDB’s sponsorship, Division Chief (Ag), Economic Infrastructure Division, Mr. William Ashby, highlighted that the Bank’s support underscores its commitment to empowering the region’s scholars, innovators, and changemakers as they tackle climate challenges. “As the Caribbean grapples with the complex and multifaceted impacts of climate change, platforms like this symposium are essential for fostering innovation, exchanging ideas, and building networks. These interactions will strengthen the region’s adaptive capacity and bolster its resilience. The symposium will also highlight the work of the youth, with papers being presented by members of the Future Leaders Network supported by CDB,” he said. The funding is part of CDB’s efforts to build a climate-resilient Caribbean and enhance support for climate change mitigation and adaptation in the region. Related Similar Articles

‘Oil surplus looms’ – IEA says as it reassures on Iran supply risk Oct 16, 2024 News Kaieteur News – (REUTERS) The global oil market is likely to experience a significant surplus in the new year, the International Energy Agency (IEA) said on Tuesday, as it reassured markets that it is prepared to intervene if necessary to address any potential supply disruptions from Iran. Oil prices have risen in recent weeks on investor concern that Israel may retaliate against a missile attack from Iran, a major oil exporter and OPEC member, by hitting its oil facilities or nuclear sites. But the IEA, which manages industrialised countries’ emergency oil stocks, said public stocks were more than 1.2 billion barrels, and spare capacity in OPEC, which comprises the Organisation of the Petroleum Exporting Countries and allies such as Russia, stood at historic highs. “As supply developments unfold, the IEA stands ready to act if necessary,” the Paris-based agency said in a monthly report on Tuesday. “For now, supply keeps flowing, and in the absence of a major disruption, the market is faced with a sizable surplus in the new year.” Oil was down more than US$3 a barrel toward US$74 on Tuesday, pressured by the weaker demand outlook and after a media report said Israel is willing not to strike Iranian oil targets. China undershoots Also in the report, the IEA further cut its global oil demand growth forecast for this year, citing weakness in China, a day after OPEC also lowered its demand projections.  World oil demand will rise by 860,000 bpd this year, down 40,000 bpd from the previous forecast, the IEA said. For next year, it sees an expansion of 1 million bpd, about 50,000 bpd higher than expected last month. For years, China has driven global rises in oil consumption. The IEA has been saying that slower Chinese economic growth and a shift toward electric vehicles have changed the paradigm for the world’s second-largest economy. The agency now expects Chinese demand to grow by only 150,000 barrels per day in 2024, after consumption dropped by 500,000 bpd in August compared to the same month last year, a fourth consecutive month of declines. “Chinese oil demand continues to undershoot expectations and is the principal drag on overall growth,” the IEA said. OPEC also reduced its forecast for 2024 global demand growth on Monday, but it is still projecting a much stronger expansion of 1.93 million bpd driven in part by a bigger contribution from China. The gap between the IEA and OPEC forecasts is equal to more than 1% of world demand. While demand slows, non-OPEC nations are driving up supply. The IEA forecasts non-OPEC growth at 1.5 million bpd this year and next, with higher production from the U.S., Guyana, Canada and Brazil – above the rate of demand growth. “Heightened oil supply security concerns are set against a backdrop of a global market that – as we have been highlighting for some time – looks adequately supplied,” the IEA said. Related Similar Articles

Kwakwani defeat Mackenzie High, 26-21, to claim title Oct 16, 2024 Sports Kwakwani Secondary with their spoils after the final. Linden Mayor’s Cup U-15 Schools Basketball final…Kaieteur Sports – The boys from Sub District Two of Region Ten, Kwakwani Secondary School, crafted out a 26-21, victory to capture the first ever Linden Mayor’s Cup Under15 Secondary Schools Basketball title when they clashed in the final on Monday. Ms Dawn McCammon Barker being introduced to the Kwakwani Secondary School players. Ms. Dawn McCammon Barker handing over the Championship Trophy. Playing on home court, Mackenzie High could not hold off the Kwakwani lads who showed their class in emerging victorious in the end.They were led to their win by the Most Valuable Player of the final Dameion Budburg. Regional Education Official Ms. Dawn McCammon Barker presented the championship trophy and replicas to the wining team, while Linden Amateur Basketball Association (LABA) Vice President Shana Chester presented the GuyBallers MVP Trophy to Kwakwani’s Dameion Budburg. Earlier in the day, in the third place encounter, Wisburg Secondary stopped Linden Foundation 25-13.Seven teams contested this tournament, namely Mackenzie High, Wisburg Secondary, New Silvercity Secondary, Linden Foundation Secondary, Kwakwani Secondary, Harmony Secondary and Christianburg Wismar Secondary Schools. According to Ms. McCammon-Barker, the Department of Education of Region Ten (Upper Demerara/ Upper Berbice), the Linden Mayor and Town Council 10 Nabours Basketball Foundation and the Linden Amateur Basketball Association collaborated to make the tournament a success.   Related Similar Articles

Golden Jaguars relegated to League B after Suriname’s dominant 5-1 victory  Oct 16, 2024 Sports – Suriname advances to Nations League Quarter-Finals  By Rawle Toney Kaieteur Sports – In a crushing 5-1 defeat at the Dr. Franklin Essed Stadium in Paramaribo, Suriname decisively ended the Golden Jaguars’ brief stint in League A of the CONCACAF Nations League last evening. Real Sociedad’s Sheraldo Becker was outstanding for Suriname against Guyana, scoring twice in side’s 5 – 1 win over the Golden Jaguars. For Guyana, the result not only signals relegation to League B but also casts a shadow over their aspirations on the regional stage. The match started with intensity, as former Netherlands youth international Sheraldo Becker, now plying his trade with La Liga side Real Sociedad, wasted no time making his mark. Becker stunned the Golden Jaguars with two early strikes in the 3rd and 10th minutes, electrifying the Surinamese crowd and setting the tone for the night. His clinical finishing quickly put Guyana’s goalkeeper, Quillan Roberts, under immense pressure. Despite the early setback, Guyana’s Golden Jaguars showed resilience. Just three minutes after Becker’s second goal, Jalen Jones offered a glimmer of hope for the visitors. Jones found the back of the net with a composed tap-in during the 13th minute, briefly halting Suriname’s momentum and giving the Jaguars a lifeline. The goal set-up what many hoped would be a competitive clash, with three goals in under 15 minutes. However, that early excitement faded as the match progressed. Suriname’s tactical dominance and superior quality quickly became apparent, especially with Virgil Misidjan in top form. Misidjan, who had already scored in Suriname’s previous 3-1 win over Guyana at the National Track and Field Centre, again proved to be a thorn in Guyana’s defence. He added a third goal for Suriname in the 33rd minute, putting the hosts firmly in control. Suriname continued to create numerous chances throughout the first half, controlling possession and dictating the pace of the game. The Golden Jaguars struggled to cope with the relentless pressure from the home side. Although they managed to keep the score at 3-1 by halftime, it was evident that Guyana was on the back foot. Roberts made several key saves to keep the score-line from ballooning, but Suriname’s dominance in the first half was undeniable. Despite both teams registering six shots on target by the end of the match, Guyana’s opportunities did little to trouble Etienne Vaessen, Suriname’s goalkeeper from FC Groningen. The second half saw Suriname pick up right where they left off, applying unrelenting pressure on Guyana’s defence. Becker, who had already caused havoc in the first half, continued to push for his hat-trick. Though he didn’t find the back of the net again, his presence was a constant menace. Belgium-born forward Denzel Jubitana, brought on as a second-half substitute, added to Suriname’s lead with a clinical finish in the 51st minute, making it 4-1. Just ten minutes later, Ridgeciano Haps completed the rout, scoring Suriname’s fifth and final goal. His strike was the final nail in the coffin for the Golden Jaguars, as Suriname cruised to a comprehensive 5-1 victory. The result marked the third time in history that Suriname had defeated Guyana by a four-goal margin, following 4-0 wins in the 1992 Caribbean Cup and the 1980 FIFA World Cup qualifiers. Guyana’s rivalry with Suriname has been marked by several lopsided results over the years. While Suriname has dominated in recent encounters, the Golden Jaguars can still look back on their resounding 5-0 victory in the 2006 CFU Caribbean Cup as a high point in their footballing history. However, such victories feel distant now, as Suriname’s rise in quality, bolstered by their players from top European leagues, has clearly set them apart. For Guyana, this defeat caps off a disappointing Nations League campaign. After earning promotion to League A for the first time in their history following an undefeated run in League B, the Golden Jaguars were expected to face a tough challenge. However, their campaign yielded just one point from a 2-2 draw against Martinique, while suffering 3-1 defeats to both Suriname and Guatemala. Related Similar Articles

Guyanese Dhori pulls off thriller to cop B Category title in Suriname Golf Invitational  Oct 16, 2024 Sports Several members of Guyana’s Golf Team in Suriname. Kaieteur Sports – The recently concluded DSB Suriname Golf Invitational hosted by Golfclub Paramaribo was a stunning success both for the host nation and Guyana as top honours were brought home by Guyanese golfers in several categories. Guyanese Roy Dhori B Category winner poses with his trophy. According to the results provided by Surinamese Captain Sarah Chehin, Guyana took top positions in the A and B Categories and second place in Women’s Category despite the absence of defending Women’s champion Shanella London. The Guyanese team was drawn, for the second year from different clubs and despite a slow start on Day 1, Roy Dhori stormed back to decisively dominate the B category and scoring the highest Stableford points amongst all Guyanese players. Similarly, Sabi Dhori overcame first day jitters to take second place in the challenging Ladies division for the second year in a row, demonstrating her ability to perform under pressure. In the C category, Philip Haynes playing in only his second tournament was able to shoot his best score of 106 gross/76 net but it was not enough to overcome his first day performance. In the A Category, GGA President Aleem Hussain also delivered a solid second day performance improving from 20th place on Day 1 to 12th overall while also taking home the prize for Nearest to the Pin on Day 1. Monnaf Arjune played well but was unfortunate on the greens and couldn’t provide Guyana with his usual strong showing. In collaboration with Golfclub Paramaribo, a night golf Chipping Contest for Juniors and Caddies was conducted by Nexgen Golf with a grand prize contributed by Sheldon Davis, which was won on the final chip by an excited caddie. Asked about his thoughts on the tournament, Roy Dhori said, “This was an awesome experience starting from our interaction with the Surinamese school children, police officers and the performance of myself and Sabi in the tournament. The sheer joy and excitement we saw on the faces of those experiencing Golf for the first time in Suriname rivalled our joy at our success.” GGA Vice President Monnaf Arjune expressed his gratitude to Golfclub Paramaribo for an awesome event and congratulated all winners, “Once we play outside of Guyana, it’s the flag we represent and not our individual clubs, so I am proud to be a part of the golf team representing Guyana in various countries.” Related Similar Articles

‘Guyana is one of the most attractive places to do business’ Oct 16, 2024 News – Ashni Singh tells Jamaica Stock Exchange Conference Kaieteur News – Last week at the second annual Regional Investments and Capital Markets Conference, held in Georgetown, Guyana’s Senior Minister with Responsibility for Finance, Dr. Ashni Singh touted the country as one of the most attractive places for business investment in the world. Senior Minister, Dr Ashni Singh The two-day event was hosted by the Jamaica Stock Exchange (JSE) under the theme “Financing for Success: Where Passion, Prosperity, and People Align.” Addressing investors and business leaders on October 9 at the Pegasus Hotel, Dr. Singh acknowledged the transformative impact of oil discovery in the country. However, he was quick to underline that Guyana’s progress began long before oil started being produced. He emphasised that Guyana’s economic growth is no sudden phenomenon but the result of decades of strategic efforts, particularly under the People’s Progressive Party/ Civic (PPP/C) governments. “This isn’t a flash in the pan, this isn’t a bolt of lightning that has come from the sky, decades of work have gone into getting Guyana to where we are. Of course, the discovery of oil has helped, and I would not insult your intelligence to suggest otherwise,” Dr. Singh said. “Of course, it has helped, but what it has helped us to do is to do more, to do it better and to do it more quickly,” he added. The minister told the investors that the government’s focus has always been on building a competitive and diversified economy, which has made Guyana an appealing destination for business long before oil was found. He highlighted that Guyana’s economy has experienced unprecedented growth, with real Gross Domestic Product (GDP), increasing at an average annual rate of nearly 40% between 2021 and 2023.  The finance minister projected continued growth at around 29% annually for the rest of the decade. He also noted that there has been robust expansion of the non-oil sectors, which have grown at an average of 11% over the last three years, with further growth expected at 7-8% per year. “You can be assured and you need not be worried that this is a basket case that has just found some oil resources and needs to be cautioned to act responsibly,” Minister Singh said. Reassuring investors that the government is experienced in managing the economy responsibly, Dr Singh said, “There is no example anywhere in the world, there is no example anywhere in the world of such astronomical rates of growth over such a sustained period of time, no precedent…but there really is no comparison.” Moreover, he also highlighted the country’s Local Content Act, which mandates that the oil and gas sector source a portion of its goods and services from locals and local companies. He underscored that the enactment of the Act creates more opportunities for Guyanese businesses. He outlined that demand for goods and services in Guyana, far outstrips supply. “I say to people that there isn’t a single category of goods or services for which demand does not outstrip supply in Guyana right now, I say to people that it does not matter whether you’re speaking of hotel room, hospital beds or hamburgers, hot dogs, doesn’t matter which category, goods and services, there is an opportunity in Guyana,” the minister noted. Dr. Singh noted, “Guyana today is likely, possibly one of the most attractive places to do business in the world.” To this end, he assured that Guyana is a stable and sensible environment for investment. Despite the rapid pace of development, Dr. Singh acknowledged that Guyana’s institutions are working hard to keep up, with ongoing efforts to modernize and digitize government processes. “I won’t also insult your intelligence and tell you that everything is perfect. We still have a lot of things to resolve, a lot of our institutions are still adapting to the pace at which things are happening in Guyana…” Dr. Singh added. Related Similar Articles

 GCB XI stun Essequibo by 4 wickets  Oct 16, 2024 Sports GCB Senior Men’s Super50 Inter-county tournament Round 2…  Kaieteur Sports – A collective batting approach from the GCB XI saw them hand powerhouses Essequibo a shock 4-wicket defeat yesterday at the Lusignan Ground. GCB XI all-rounder Johnathan Rampersaud had a brilliant day with bat and ball. National wicket-keeper Kemol Savory led Essequibo to 169-10 in 45.2 overs batting first, thanks to a gritty 51 off 109 balls with just two fours. Savory, Kevon Boodie (26), Ricardo Adams (24), Ricardo Peters (19) and Anthony Adams (17) all scored useful runs. National youth spinner Golcharran Chulai (3-45) was the standout bowler, finding support from the likes of Johnathan Rampersaud (2-41), Aryan Persaud (2-21) and Kwesi Mickle (2-18). GCB XI batting was led by Rampersaud (32), Navindra Persaud (26), Johnathan Van Lange (18), Kwesi Mickle (19) and a brilliant lower-order knock from Carlos LaRose who struck 5 fours in his unbeaten 28; which propelled them to 171-6 in 46 overs. Adams continued his form with 2-27 from his quota of 10 overs, while other bowlers returned a wicket each. GCB XI openers Persaud and Brandon Jaikaran (14) set the tone briefly before Rampersaud and Van Lange were tasked with doing repairs, prior to their dismissals. The lower-order resisted with a set LaRose being the key as he eventually kept his cool, found the necessary boundaries and carried his team home safely, as they will look to repeat on Thursday when they play Berbice at Lusignan in Round 3. Demerara will look to keep their win streak going when they face Essequibo at the Georgetown Cricket Club Ground (GCC), Bourda; with both games bowling off at 9:30h respectively. Related Similar Articles