分类: business

  • US firm mulling over boosting Guyana’s pork production, int’l standards compliance

    US firm mulling over boosting Guyana’s pork production, int’l standards compliance

    A major U.S. food conglomerate is conducting a deep-dive feasibility assessment to build a commercial, standards-compliant pork industry in Guyana, with long-term plans to position the country as a regional supplier aligned with CARICOM’s food import reduction goals.

    Seaboard Corporation, the third-largest pork producer in the United States, was invited by the Guyana government to explore the opportunity through its local subsidiary, National Milling Company (NAMILCO). The firm subsequently contracted France-based agricultural consultancy GIRA Food to conduct on-the-ground research and produce a formal assessment that will guide Seaboard’s next steps: either pitch the project to stakeholders, abandon the initiative if it proves unviable, or move forward with full industry development.

    NAMILCO General Manager Scott Mitchell outlined in an interview with Demerara Waves Online News that GIRA’s assessment will address every core component of a successful commercial swine sector, including appropriate livestock genetics, high-quality feed formulations, certified processing infrastructure, workforce training, and opportunities for value-added product development such as hams, bacon and sausages.

    A critical gap GIRA’s report will highlight is the absence of a dedicated, certified swine slaughterhouse in Guyana. Currently, most small-scale pig producers slaughter animals on-farm, often in non-sanitary conditions that erode consumer trust and block access to formal local and export markets. Mitchell explained that a certified centralized abattoir would solve this issue, enabling regulated quality control, official quality grading, and flexible operations to process both certified and non-certified meat with full facility sanitization between runs.

    Over the course of their assessment, GIRA experts have held consultations with a full spectrum of local stakeholders, including the Guyana Livestock Development Agency (GLDA), senior government ministers, small-scale pig rearers, major feed producers including Bounty Farms, hotels, restaurant chains, retail operators, local butchers, and farmer associations to map existing barriers and opportunities.

    Beyond meeting Guyana’s growing domestic demand, the project aims to position Guyana as a pork exporter to the 11-million consumer CARICOM single market, advancing the regional bloc’s goal of cutting reliance on extra-regional food imports. To make the local industry competitive, Mitchell noted that Seaboard will push for targeted Common External Tariff protections against low-cost, mass-produced pork imports from the United States, whose large-scale production efficiencies create an unlevel playing field for smaller regional producers. Mitchell emphasized that the project will prioritize domestic commercial viability first, with regional expansion rolled out in phases only after a sustainable local market is established.

    Mitchell explained that the Guyana government turned to Seaboard for this initiative due to the company’s extensive global experience in the pork sector: Seaboard processes between 15,000 and 20,000 hogs daily, raises 8 million hogs annually, and handles 24 million processed hogs per year across its operations, with its closest regional facility located in Colombia where it maintains an 800,000-sow breeding herd for genetic development.

    Demand drivers for pork in Guyana are compelling, Mitchell argued. Per capita annual protein consumption in Guyana sits at around 55 kilograms, far below the 120-kilogram average in the United States, and historical trends show that protein demand – including for pork – rises consistently as incomes grow in emerging economies. Shifting demographics also boost demand: Guyana hosts a large immigrant population from pork-consuming markets including Venezuela, Cuba, Brazil and China, and offshore oil sector vessels operating in Guyana’s waters report pork is their most consumed protein. Currently, Guyana cannot supply this offshore demand because the sector lacks required ISO Food Safety System Certification.

    Still, multiple challenges remain to building a viable industry. Key barriers include building consumer trust in local pork products, upholding international quality standards, and convincing smallholder farmers to invest in higher-quality feed formulated with added amino acids and protein. Mitchell noted that improved feed alone can increase average slaughter weight from 180 pounds to 250 pounds per animal, drastically improving farmer revenues. He also emphasized the need for farmer specialization: with improved genetics and better feed management, annual piglet output per sow could rise from the current 6 to 10 head to 12 head, still below the global standard of 35, but a major improvement for local producers.

    Contrary to concerns that small family pig operations would be displaced by large-scale commercial development, Mitchell said all consultations to date show widespread enthusiasm among local producers for the project. Farmers are eager to expand production and secure reliable formal markets for their output, with no reports of fear of displacement from the supply chain.

    In closing, Seaboard extended formal thanks to the Ministry of Agriculture, GLDA leadership, Bounty Farms, the local Swine Association, hoteliers, and all participating farmers for their collaboration during GIRA’s assessment. The company noted that the shared commitment to food safety, quality, and national food security demonstrated through this collaboration strengthens institutional partnerships and supports long-term growth for Guyana’s agro-processing and manufacturing sectors.

  • Afreximbank, St Kitts and Nevis sign ACTIF 2026 hosting agreement – Businessday NG

    Afreximbank, St Kitts and Nevis sign ACTIF 2026 hosting agreement – Businessday NG

    In a major step forward for deepening transatlantic economic collaboration between Africa and the Caribbean, the African Export-Import Bank (Afreximbank) has formally signed a hosting agreement with the government of St Kitts and Nevis for the fifth iteration of the AfriCaribbean Trade and Investment Forum (ACTIF 2026), scheduled to run from July 29 to 31, 2026 at the St. Kitts Marriott Beach Resort, Casino & Spa in Basseterre.

    The signing ceremony cemented both parties’ shared commitment to expanding bilateral and multilateral trade ties, unlocking investment flows, and strengthening long-term partnerships between the two regions. Speaking at the event, George Elombi, President and Chairman of Afreximbank’s Board of Directors, emphasized that the forum would bring together African and Caribbean stakeholders to address common development challenges and advance shared goals of economic self-determination and resilience. “Through ACTIF 2026, we will identify priority projects and programmes and dedicate ourselves to effective execution. This will be the pathway to our shared economic development,” Elombi noted.

    Terrance M Drew, Prime Minister of St Kitts and Nevis, echoed this enthusiasm, underscoring his nation’s honor at taking on the hosting role. “This agreement signals our strong commitment to strengthening economic ties between Africa and the Caribbean. We are not just a beautiful destination; we are a gateway for investment, a hub for enterprise, and a proud partner in the Renaissance of Africans,” Drew said. He added that ACTIF 2026 would act as a powerful catalyst for inclusive growth, generating new opportunities for businesses and workers across both regions and building sustainable, long-term economic pathways that will benefit communities for generations.

    Attendees at the 2026 forum can expect a full schedule of engaging programming, including expert panel discussions on regional trade integration, targeted investment matchmaking sessions, networking opportunities with public and private sector leaders, and deep dives into innovative initiatives designed to boost cross-regional cooperation. Positioned as a high-level convening space, ACTIF 2026 will bring together heads of government, institutional investors, private sector executives, development finance leaders, entrepreneurs, and diaspora representatives to map out strategies for inclusive, resilient growth amid ongoing global economic uncertainty.

    Since its launch, ACTIF has emerged as the leading platform for mobilizing capital, forging strategic cross-border partnerships, and accelerating economic integration between Africa and the Caribbean. The event’s track record of delivering tangible outcomes was highlighted by results from ACTIF 2025, which secured five landmark Caribbean investment deals totaling $291.25 million across three countries, spanning sectors including trade and investment finance, corporate finance, project preparation, and export development.

    Afreximbank’s growing footprint in the Caribbean underscores its long-term commitment to the region. Two years ago, the institution opened a regional office in Barbados, and since that time, it has approved more than $700 million in critical financing across the CARICOM bloc. This financing has supported a diverse range of high-priority projects, including climate adaptation initiatives in Saint Lucia, sports infrastructure and tourism expansion in Barbados, small and medium enterprise (SME) lending programs in the Bahamas, tourism development in Grenada, and oil and gas development in Suriname, among other efforts.

  • Newmont stelt invoering nieuw werkrooster tijdelijk uit na overleg met overheid

    Newmont stelt invoering nieuw werkrooster tijdelijk uit na overleg met overheid

    In a recent announcement published on April 19, gold mining firm Newmont Suriname has confirmed that it will temporarily suspend the planned implementation of its new Fatigue Management Work Schedule, a decision reached following constructive consultations with key government stakeholders.

    The temporary pause in rolling out the adjusted scheduling system has been framed as an intentional step to create sufficient space for additional comprehensive evaluation of the policy, aligned with the company’s structured approach to organizational change. Newmont Suriname emphasized that its commitment to rolling out the modified work roster ultimately remains unchanged, even amid the current hold.

    Designed to address occupational health and safety risks in the mining sector, the new system was developed to better manage worker fatigue, improve overall site safety standards, and cut down on hazards linked to extended night shift rotations. Mining operations rely on round-the-clock staffing, making shift-related fatigue a critical industry-wide concern for employee well-being and operational continuity.

    Company representatives reiterated that the safety, physical health, and overall welfare of their workforce continue to stand as the firm’s top priorities. This commitment, they noted, runs parallel to their core goal of maintaining consistent, stable, and secure mining operations that meet both operational and regulatory requirements.

  • SOL Harbour welcomes homeowners

    SOL Harbour welcomes homeowners

    OCHO RIOS, St Ann, Jamaica — PROVEN Properties Limited gathered nearly 200 property purchasers and industry stakeholders Saturday evening for a celebratory welcome event at the scenic clubhouse and pool terrace of its flagship SOL Harbour development, the first large-scale project of its kind built along Jamaica’s popular north coast in four decades. Founded by former Jamaican politician and business leader Peter Bunting, the landmark waterfront development targets both personal vacation use and income-generating short-term rental opportunities, tapping into Jamaica’s rapidly growing tourism sector. Against the backdrop of a golden Caribbean sunset stretching across Ocho Rios harbour, guests enjoyed a curated experience featuring live steelpan music from the Silver Birds Pan Orchestra, a custom cocktail reception, and remarks from key industry and government leaders. In his address, Bunting, who serves as founder and executive director of the project, outlined the strong investment logic that has driven demand for SOL Harbour units. He noted that short-term vacation rentals now account for roughly 30 percent of all accommodation stays for stopover visitors to Jamaica, and properties located in St Ann — Jamaica’s most popular tourist parish — command an impressive 60 percent average premium on nightly rates compared to listings in other parts of the island. Bunting also encouraged new unit owners to frame their purchases as active, managed business ventures rather than passive investments, urging them to serve as enthusiastic hosts and brand ambassadors for Jamaica’s global tourism identity. Matthew Samuda, Member of Parliament for St Ann North East and a Jamaican government minister, joined the event to offer official praise for the development, framing it as a model for the kind of high-impact infrastructure Jamaica’s north coast needs to grow its tourism economy. “Developments like SOL Harbour are precisely what the north coast of Jamaica needs. I am proud to see PROVEN Properties leading the way, and I look forward to not one more development of this scale. I am looking forward to 20 more seven-storey buildings,” Samuda told the gathered crowd. Chris Nakash, chairman of PROVEN Properties Limited, emphasized that the project represents the firm’s long-term commitment to building lasting, resilient communities along Jamaica’s coast. “This is the first development of this kind in 40 years. The confidence shown by every purchaser in this room is the foundation upon which PROVEN Properties continues to build,” Nakash said. Spanning two seven-storey structures, SOL Harbour features a total of 140 studio apartments and 12 two-bedroom units, paired with resort-style amenities designed to appeal to both owners and short-term guests. These amenities include two swimming pools, a waterfront clubhouse, manicured landscaped gardens, and the pool terrace that hosted Saturday’s event. The development also benefits from a prime central location, just minutes from some of Ocho Rios’ most popular tourist attractions, including Island Village, Dolphin Cove, and the world-famous Dunn’s River Falls. Purchasers hail from both across Jamaica and the Jamaican diaspora based overseas, reflecting broad interest in the country’s growing tourism real estate market.

  • Cop building legacy with JCS Courier and more

    Cop building legacy with JCS Courier and more

    Against a backdrop of working-class upbringing in Jamaica, Jermaine Harvey turned a lifelong dream of entrepreneurship into a fast-growing courier business, defying the lack of generational wealth and family financial backing that often acts as a barrier for new founders.

    Harvey, a serving police officer, made the strategic decision to launch his own venture, recognizing that his public service career would not be a lifelong path. In 2020, at the height of the global COVID-19 pandemic when national movement restrictions shut down many traditional services and left communities stranded, he launched JCS Courier Services Limited, now headquartered in eastern Kingston.

    Looking back on his childhood, Harvey credits his parents for instilling the strong work ethic and core values that have carried him through the toughest early days of building the company. While his father prioritized education for his children, the family simply did not have the capital to fund new business ventures or give Harvey a financial head start. Every milestone the company has hit, he says, has come from relentless hard work and perseverance. There have been countless days where he considered abandoning the project, but his track record of building something from nothing pushes him to keep going.

    Today, JCS Courier Services is built on a mission of simplifying daily life for busy Jamaicans, with major expansion plans already in motion. The company is putting the final infrastructure in place to roll out 24/7 service across its operating area, and is preparing to formally open a new branch in the parish of St Thomas, a region currently underserved by formal courier operators.

    Unlike many new market entrants that frame growth as a zero-sum competition, Harvey emphasizes that JCS exists to lift up the entire local logistics ecosystem, not drive existing informal operators out of work. “There is a slice of the cake in courier business for everyone, whether by air, sea, motor cycle, motor car, van or truck,” he explained. The company meets a wide range of customer needs: same-day delivery of meals and documents between any two locations, door-to-door delivery of online purchases shipped from international warehouses in China and the United States via air or sea freight, with no extra delivery fee for final mile drop-off at a customer’s home or office. It also offers shared warehousing space for small local shipping companies that lack their own storage facilities, filling a critical gap in the regional market.

    While JCS has already been operating informally in St Thomas for months, counting major local brands like Tastee among its clients, the official launch is still upcoming. Customers can access the company’s services via the JCS mobile app, available on both Apple’s App Store and Google Play Store for Android users, or place orders over the phone directly through the JCS office.

    Harvey says that bringing reliable formal courier services to St Thomas will dramatically improve quality of life for local residents, who currently rely only on informal freelance transporters. Looking further ahead, JCS has its sights set on regional expansion: Harvey aims to grow the brand across the entire Caribbean and serve the wider global Jamaican diaspora, cementing its mission of making daily logistics hassle-free for customers at any time of day.

  • Even better after Hurricane Melissa

    Even better after Hurricane Melissa

    When Hurricane Melissa tore through Savanna-la-Mar, Westmoreland, Jamaica last October, it left a path of destruction that permanently shuttered dozens of local businesses. But for one beloved community staple, the disaster did not spell an end — it opened the door to a radical rebirth. Eleven Restaurant and Lounge, long a treasured gem of the coastal town, was reduced to rubble in mere hours by the storm, taking with it years of careful work and upending the lives of team members, many of whom saw their own homes damaged alongside the restaurant.

    For co-owner Glenton Rowe, the devastation was overwhelming. “Seeing years of hard work torn down was truly devastating,” Rowe recalled in an interview with the Jamaica Observer. Nearly every piece of core equipment — from dining fixtures and seating to audiovisual and security gear — was destroyed, requiring full replacement and a complete restart. What could have broken many business owners, however, only galvanized the Eleven team, whose dedication became the driving force behind a rapid decision to rebuild. Instead of walking away from the ruin, the leadership prioritized their staff and community, committing to revival not just for profit, but to restore livelihoods for the people who had built the brand.

    Even before breaking ground on reconstruction, the Eleven team stepped up to support the broader community recovery effort. Partnering with global food security non-profit World Central Kitchen, the group mobilized to serve hot meals to hundreds of local families displaced or impacted by the storm. The outpouring of gratitude from recipients reinforced a long-held truth for the restaurant: it was always more than a commercial venture. It had evolved into a pillar of local community care, and that new purpose would fuel every step of its comeback.

    Fueled by faith, a commitment to their team, and a desire to serve their community, the Eleven group reframed the catastrophic storm damage not as a crippling setback, but as an unexpected opportunity to grow. The road to reconstruction was far from smooth, however. With widespread damage across the entire parish, demand for building materials and skilled trade workers spiked, creating massive supply chain delays and labor shortages that slowed progress. Undeterred by these hurdles, the team pushed forward, determined to build something better than the original space they had lost.

    What emerged from the rubble is a fully reimagined dining destination that exceeds even the founders’ pre-storm dreams. While gradual renovations had long been part of the business’s long-term plan, the hurricane’s destruction left a blank canvas that allowed the team to bring a far bolder, more ambitious vision to life. The result is a more elegant, visually striking and refined space that elevates the original guest experience. Today, patrons can choose from four distinct dining zones to suit any occasion: an intimate private privacy corner, an elevated open-air space, a scenic patio adjacent to a local waterfall, and a cozy, welcoming indoor area.

    The upgrades do not end at the physical space. The menu has been reworked to elevate Eleven’s signature blend of modern Caribbean cuisine with thoughtful international twists, and the overall ambiance has been refined to feel more inviting than ever. Customer input played a central role in shaping the new layout and offerings, and the public response has been overwhelmingly enthusiastic. Even team members share that excitement, with many noting the new space is far more inspiring to work in.

    “I like working here because I have a great team; each one helps one, and I have a great boss,” said Tanece Smith, a long-time server at Eleven. “You should come here because we have an awesome ambience, great food, and great vibes,” she added, echoing the warm welcome the restaurant extends to all guests.

    For Rowe and the entire Eleven team, the comeback from Hurricane Melissa has been a masterclass in the power of perseverance. They have learned that success is never measured by how easy a path a business travels, but by how it endures through hardship. Built on a foundation of faith and sustained by unwavering community support, the team has overcome staggering adversity, with patron loyalty acting as a constant reminder of why they fought to rebuild.

    As the restaurant approaches its third anniversary, Rowe says the business remains focused on steady growth, continuous improvement, and strengthening the foundation they worked so hard to rebuild. “Our main priority right now is to continue delivering exceptional experiences to every guest who walks through our doors,” he explained. Open daily from 11 a.m. to 11 p.m., Eleven is now a vibrant community hub, far more than just a dining space. It has become the go-to venue for life’s most special moments — from birthday celebrations and wedding anniversaries to community gatherings and corporate meetings — earning a reputation as a five-star dining destination in the heart of Savanna-la-Mar.

    Quoting an age-old proverb, Rowe summarized the restaurant’s journey: “The race is not for the swift, but for those who can endure.” To the regulars and new patrons who have stood by the business through its darkest days, he extended a sincere message of gratitude: “To our loyal customers, we extend heartfelt gratitude, because it is through your unwavering support that Eleven continues to rise, stronger than ever.”

  • Pigs Paradise Owner Thanks Public and Authorities After Mosquito Bay Access Restored

    Pigs Paradise Owner Thanks Public and Authorities After Mosquito Bay Access Restored

    After weeks of disrupted access to one of Antigua’s most beloved coastal tourism destinations, the operator of Pigs Paradise Antigua has issued a public statement of gratitude to community members, government agencies, and cross-sector stakeholders following the formal restoration of public entry to Mosquito Bay’s Jolly Harbour North beach area.

    Chantelle Winter, founder and owner of the popular swimming-pig attraction, emphasized that the successful resolution of the access dispute would not have been possible without widespread collective action from Antiguans across the island, who rallied together to highlight how restricted beach access was threatening local livelihoods.

    In her official remarks, Winter shared: “I want to extend my sincere thanks to every single person who contributed to restoring public access to Mosquito Beach. This issue touched far more than just our operation.” Among the groups impacted by the weeks-long access block were local commercial fishermen, regular recreational beach users, and a wide network of tourism-dependent small businesses that rely on visitor traffic to the area.

    Winter specifically credited the grassroots public movement—headlined by a community petition titled “We the People of Antigua and Barbuda”—with creating the momentum needed to resolve the impasse and block further restrictions on public access. The petition, organized by Winter and local supporters, called on developers Albert Hartog and Orange Limited to preserve permanent public access to the coastal area and allow Pigs Paradise to continue operating its popular tourist attraction.

    Winter was clear that the dispute went far beyond the future of her small business, noting the broader ripple effects on the island’s tourism-dependent economy. She explained: “The impact stretched far beyond my team and I. It hurt tour guides, local taxi operators and their industry associations, boat service providers, street vendors, and our cruise line industry partners, all of whom depend on visitor flow to this area.”

    She also extended her gratitude to Antigua’s Ministry of Tourism and other government authorities for their role in mediating the dispute and supporting the relocation of her operation to the restored access point.

    In an effort to clear up widespread public misperception, Winter stressed that the fight for restored access was never rooted in political motivation. Instead, the campaign centered entirely on protecting public right of way to coastal space and safeguarding hundreds of local jobs tied to tourism in the area. “This has never been about politics. This was about protecting access, livelihoods, and ensuring the public space remains available to everybody,” she reaffirmed.

    Winter also addressed separate public criticism that emerged around the attraction, pushing back firmly against unsubstantiated allegations surrounding animal welfare and visitor safety. She confirmed that Pigs Paradise maintains strict operational protocols to uphold both animal care and guest safety standards. “The well-being of our animals and the safety of our guests are of the utmost importance,” Winter said, adding that the attraction retains consistent veterinary oversight and adheres to rigorous national and international operational standards.

    Looking ahead, Winter noted that Pigs Paradise remains fully committed to operating in full compliance with local regulations, continuing to drive inclusive economic growth for Antigua, and maintaining open lines of communication with all stakeholders moving forward. The original petition, which drew thousands of signatures, highlighted that the attraction is a major tourist draw for Antigua that generates critical income for a wide ecosystem of local workers, from taxi drivers and tour guides to small hoteliers and independent small business owners across the island.

  • Piarco to  merge gates

    Piarco to merge gates

    Starting this Friday, air passengers flying domestic routes through Trinidad and Tobago’s Piarco International Airport will enter departure gates through the same centralized corridor as international travelers, as local aviation authorities advance a wide-ranging modernization project to bring the facility in line with global industry benchmarks.

    In an official statement published Wednesday, the Airports Authority of Trinidad and Tobago (AATT) outlined the core changes to airport operations: the existing ground-floor domestic departure lounge will be permanently closed, and all outbound travelers will be directed to a new integrated “All Gates” system that combines domestic and international departure processing.

    While domestic passengers will gain full access to the airport’s duty-free commercial zone, they will not be eligible to purchase duty-exempt goods. Instead, participating retailers will offer a selection of duty-priced, tax-paid items that domestic travelers can purchase, alongside the expanded food and beverage options that will now be open to all passengers regardless of their route.

    Under the new unified layout, domestic travelers will have access to all concession offerings across the airport’s entire eastern and western concourses, covering Gates 1 through 14. AATT officials noted that the restructured gate system will streamline passenger processing workflows and cut down on redundant checks, creating a far smoother journey from check-in to boarding.

    The gate unification is just one component of a broader multi-phase modernization push to update operations at Trinidad and Tobago’s busiest international airport, a project launched in response to consistent, stable demand for inter-island travel along the high-traffic Trinidad-Tobago airbridge route. AATT emphasized that all changes will be implemented in full compliance with International Civil Aviation Organization standards and recommended industry practices.

    Travelers will also see upgrades to the airport’s centralized security checkpoint, which has been expanded to add extra screening lanes and fitted with new cutting-edge scanning technology designed to reduce crowding and speed up wait times. To keep the new security process moving efficiently, AATT has reminded all passengers to adhere to the global 3-1-1 rule for carry-on liquids: all liquids, gels and aerosols must be carried in containers no larger than 100 milliliters (3.4 ounces), all contained within a single clear, quart-sized resealable plastic bag. The rule applies to beverages, toiletries, spreadable foods and any other pourable, sprayable substances, with standard exemptions granted for necessary prescription medications and baby food.

    The AATT is rolling out the operational changes in close partnership with the Tobago House of Assembly, Caribbean Airlines — the primary operator of the Trinidad-Tobago airbridge — and other key industry stakeholders. Coordination meetings are scheduled for the coming week to work through any transition kinks and ensure the shift to the new system goes off without major disruption for travelers.

    In a separate statement addressing growing public speculation on social media, Varma Khillawan, acting chief executive officer of Caribbean Airlines, pushed back against unfounded claims that the airline planned to reduce service on the airbridge route. Khillawan reaffirmed the airline’s long-term commitment to maintaining consistent, high-capacity service between the two islands, noting that the airline added extra capacity over the recent Easter holiday to move more than 11,000 passengers between Trinidad and Tobago.

    “Caribbean Airlines continues to service the airbridge. We have always serviced the airbridge, and we support Tobago by providing the airlift capacity that connects the two islands,” Khillawan said. “The airbridge service has been stable, and we have not received any customer complaints about the quality of our service. Any concerns that are raised will be addressed promptly. We have already invested heavily in this route, and we can assure the traveling public that we will continue to deliver reliable airbridge service for the foreseeable future.”

  • Brandstofprijzen voorlopig bevroren; regering volgt impact Midden-Oosten nauwlettend

    Brandstofprijzen voorlopig bevroren; regering volgt impact Midden-Oosten nauwlettend

    Against a backdrop of growing global economic uncertainty triggered by the ongoing conflict in the Middle East, the government of Suriname has announced a temporary fuel price cap to lock in current rates and protect domestic consumers from sudden volatile price swings.

    The decision, finalized following coordinated consultations between key stakeholders, the Ministry of Finance and Planning, and Staatsolie, Suriname’s state-owned oil company, fixes diesel prices at 53.27 Surinamese dollars and regular unleaded gasoline at 48.32 Surinamese dollars for the immediate future.

    Policy makers framed the measure as a proactive buffer designed to shield households and businesses from the unpredictable market shifts that often accompany regional geopolitical tensions in major energy-producing areas. The core priority of the intervention, officials emphasized, is to minimize the economic spillover that would disproportionately impact everyday citizens, while maintaining a careful balance between public expenditure and available state revenue.

    Suriname’s authorities have committed to continuous close monitoring of international market dynamics and the evolving situation in the Middle East, with regular evaluations of how global developments are impacting the domestic economy. Any future adjustments to the current fuel price policy will be communicated to the public in a timely manner to ensure full transparency and keep all segments of society informed of changing conditions.

  • Gasoline, diesel, and kerosene hit $17 for April 2026

    Gasoline, diesel, and kerosene hit $17 for April 2026

    Starting Saturday, April 18, 2026, consumers across Grenada, including its island dependencies Carriacou and Petite Martinique, will face substantially higher retail prices for most major petroleum products, according to an official price adjustment announcement.

    The new pricing structure brings uniform $17.00 Eastern Caribbean dollar (IG) per gallon pricing for three core liquid fuels, a shift that brings sharp increases from previous rates. Gasoline, which previously retailed for $15.18 per IG, will rise by $1.82 to hit the new unified rate. Diesel sees a more moderate increase of $0.89 per IG, climbing from its former $16.11 price to match the $17.00 benchmark. Kerosene bears the steepest hike among liquid fuels, jumping by $3.90 per IG from $13.10 to reach the $17.00 new price point.

    For liquefied petroleum gas (LPG), more commonly known to local households as cooking gas, pricing changes vary by cylinder size and geographic location. Across both the main island of Grenada and the smaller islands of Carriacou and Petite Martinique, the popular 20-pound household cooking gas cylinder will retain its current price, holding steady at $40.00 in Grenada and $49.00 in the smaller island dependencies. However, larger commercial and bulk LPG purchases will see notable increases. In Grenada, 100-pound LPG cylinders will rise from $296.60 to $350.00, a $53.40 increase, while bulk LPG will climb $0.55 per pound from $3.05 to $3.60. In Carriacou and Petite Martinique, 100-pound cylinders increase by $43.40 from $319.60 to $363.00, with bulk LPG following the same $0.55 per pound hike to $3.60 that applies to the main island.

    This official price adjustment, linked to Grenada’s finance ministry, will impact household budgets, transportation costs, and small business operating expenses across the country. Media outlet NOW Grenada notes that it holds no responsibility for contributor content related to this announcement, and encourages reporting of any abusive content related to the fuel price adjustment.