Business

GO-Invest not equipped to fulfil its mandate, PSC says

- agency should be free to attract international funding

GO-Invest Headquarters

Private Sector Commission (PSC) believes that the Guyana Office for Investment (GO-Invest) is ill-equipped to effectively execute its mandate at this time and is unlikely to be able to do so unless it becomes free to attract its own international funding.

Development Bank still relevant – PSC

– says commercial bank lending limited by central bank restrictions

Central bank rules limit commercial bank lending

While the risk-averse nature of commercial banks’ lending policies have helped to keep the country’s financial system viable and sound in the face of banking crises in other countries, “rigid central bank restrictions” on commercial bank lending have limited expansion, the Private Sector Commission (PSC) says.

The Coconut Industry

The recent announcement that Guyana will be hosting a high-profile coconut industry forum in October this year will probably not attract much sustained interest beyond the direct stakeholders in the industry though in his briefing on the forum and the industry as a whole provided to this newspaper, Mr Raymond Trotz, Chairman of the National Stakeholders Forum for Coconut Development hoped otherwise.

Parliament View vendors see the over reduced conditions

Brooding…

Parliament View Vendor Oneika Douglas

What has come to be known as Parliament View Mall—the description could hardly be more inappropriate—is a hotbed of muted but ill-concealed resentment amongst the more than 100 vendors evicted from the Stabroek Market Square three months ago to their new, decidedly unappealing location.

Corruption present in counterfeit, expired goods import – Public Health Ministry source

As increasing numbers of cases of importation of counterfeit and/or expired goods, particularly milk, drugs, items of food and medical devices continue to show up on the local radar, a reliable Public Health Ministry source has told Stabroek Business that it is rife with corruption, adding that the authorities no longer appear to have “reliable control” over the integrity of several consignments of consumer goods imported into the country.

Prices prepared by the Guyana Marketing Corporation

20160722pricesjuly22

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Kitco Market Data

20160722gold price22

Gold Prices for the three-day period ending Thursday July 21, 2016Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Georgetown Chamber President concedes ‘differences’ with PSC

– stresses collective commitment to business sector interests

The Georgetown Chamber of Commerce and Industry (GCCI) and the Private Sector Commission (PSC) may share a common objective of working to create an enabling environment for the enhancement of the interests of the country’s business community, but that does not mean that there is always unanimity on a common approach to that goal, GCCI President Vishnu Doerga has told Stabroek Business.

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