AGP Executive Report
Last update: 3 hours agoTrade and Industry: Suriname and Guyana helped drive a 19.1% rise in Caribbean exports in the first half of 2026, according to the IDB, as higher energy and mining prices lifted regional shipments. Company Results: Witco’s nine-month after-tax profit climbed 19.7% to $72.9 million; exports to Suriname and Guyana helped offset weak domestic revenue growth. Offshore Activity: Valaris secured a two-well exploration campaign for PETRONAS Suriname, expected to start in the fourth quarter and run for up to seven months, as its global contract backlog reached $4.8 billion. Growth Outlook: The World Bank forecasts Suriname’s economy will expand 21.5% in 2028, driven by the expected start of offshore oil production, though strong growth alone will not guarantee broader gains for households. Digital Economy: At Suriname’s first AI Summit, Economic Affairs Minister Andrew Baasaron urged wider access for small businesses, which he said make up 80–90% of businesses and account for an estimated 50–70% of jobs.
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