Business

As IMF warns about fragility of PetroCaribe...GRDB says Guyana keen on broadening rice market

As IMF warns about fragility of PetroCaribe…GRDB says Guyana keen on broadening rice market

Up to earlier this week, the Government of Guyana had not provided a response to the warning from the International Monetary Fund (IMF) that the much-vaunted PetroCaribe Agreement between Venezuela and several Caribbean countries—under which the latter receive oil from Caracas under various concessionary arrangements—might stand imperiled in the face of plummeting global oil prices .

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The recent statement issued by the Georgetown Chamber of Commerce and Industry (GCCI) on the subject of the political impasse confronting the country and the attendant counterproductive outcomes is significant insofar as, among other things, it reflects the assertion by at least a section of the business community of what it sees as both a right and a duty to comment publicly on an issue of national importance .

Bartica: Rising above the gold price slump

Bartica: Rising above the gold price slump

Perhaps the main challenge facing Bartica at this time is the decision it must make as to whether it will remain a kind of geographic signpost, the gateway to the interior or whether it will make a name for itself as a viable and attractive community .

Business Cartoon

Business Cartoon

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The Food and Drugs Department Complex

Director of the Food and Drugs Department Marlon Cole may have been short on details regarding what he told this newspaper was the planned creation of a new complex to house his department .

GRIF small business fund helping to shape Guyana’s first bioplastics enterprise

GRIF small business fund helping to shape Guyana’s first bioplastics enterprise

Safraz Khan’s Amazon Bioplastics, which will see the production of biodegradable plastic for various applications, has targeted January next year as the time for commencing operations .

Banks giving lacklustre support to regional business - Carib Export Head

Banks giving lacklustre support to regional business – Carib Export Head

Commercial banks in the region are providing less than robust financial backing for private investment and, by extension, contributing to the overall underperformance of business in the region .

The return of the dollar

The return of the dollar

By Mohamed A .

Stock market updates

Stock market updates

Stock market updates  .

As gold prices slip further...Bartica moves to diversify economy

As gold prices slip further…Bartica moves to diversify economy

Last weekend’s persistent bad weather almost ruined Bartica’s first ever product and service expo, though a lucky break in the weather on Saturday caused the local Chamber of Commerce to succeed in making its point about the significance of the event and more particularly, of Bartica .

The New Guyana Marketing Corporation (Prices)

The New Guyana Marketing Corporation (Prices)

(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 .

Bartica miner pumping millions into local island resort

Bartica miner pumping millions into local island resort

Chunilall Baboolall may be one of Bartica’s most accomplished gold miners but he is also among those who are acutely aware of the vicissitudes of the industry and of the need to guard against the imponderables that are characteristic of its behaviour; like the current fall in gold price .

Ramsammy talks up ‘new generation’ of local products

Ramsammy talks up ‘new generation’ of local products

- Essequibo to get $75M processing plant

Agriculture Minister Dr Leslie Ramsammy has said that government is positioning the local rice industry to emulate its Asian counterparts by embarking on a regime of diversification that would yield a range of high-quality byproducts that would be good enough to hold their own on western markets .

Local enterprise seeks space for paper towel, toilet tissue

Local enterprise seeks space for paper towel, toilet tissue

Mohammed Gafoor lshmail is one of several Guyanese entrepreneurs who have hedged their bets, returning to Guyana to set up businesses over the past decade or so after having made earlier successful investments in their adopted countries, mostly in North America .

Buying local

Two stories published in this issue of the Stabroek Business address the issue of buying local, albeit from different perspectives .

Guyana Shop

Guyana Shop

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Beauty sector opening up new market for local fruit

Beauty sector opening up new market for local fruit

With local fruit already in considerable demand on both the domestic and export markets the beauty industry is beginning to make its own additional demands on the sector .

Massy eying energy ventures here –Chief Executive Officer

Massy eying energy ventures here –Chief Executive Officer

(This is an edited interview between the Chief Executive Officer of Massy, Gervase Warner and Stabroek News on October 29th .

Small Business Bureau helping to place Euphoria Fun Park on firm business footing

Small Business Bureau helping to place Euphoria Fun Park on firm business footing

Annabelle Carter-Sharma is one of several entrepreneurial aspirants whose ambitions are now much better positioned to take shape, following her receipt in May of a $3 million loan from the Guyana Bank for Trade and Industry (GBTI) to consolidate Euphoria Indoor and Outdoor Fun Park an enterprise which, though already registered as a business is still very much in the making .

Stock market updates

Stock market updates

GASCI (www .

Metro aiming to raise its service bar even higher

Twenty years after it first opened its doors, Metro asserts that its intervention in the local market could hardly have come at a more strategically important time .

Barbados to host key forum on regional economy

- local private sector participation expected

By Hallam Hope As Caribbean economies continue to be buttressed by a weak world economy an international two-day conference is scheduled for Barbados to provide a road map for future economic growth .

Food and Drug agency to get new complex

Food and Drug agency to get new complex

- will enhance laboratory facilities

Five years after its operations were re-sited from Kingston to temporary premises inside the University of Guyana’s Turkeyen Campus, the Government Analyst Food and Drug Department of the Ministry of Health is to be given a permanent home close to the university campus .

Shade house Project gives differently able students business opening - hotels to buy farm produce

Shade house Project gives differently able students business opening – hotels to buy farm produce

Four special needs schools—the Georgetown-based David Rose School and its counterpart institutions at New Amsterdam, Linden and Diamond—have embarked on a project that will provide around 80 deaf students and 40 otherwise differently able ones with the opportunity to acquire a valuable self-sustaining skill and an opportunity to take a small but significant step into the world of business .

Loans, grants for small business  projects finally unlocked

Loans, grants for small business projects finally unlocked

- $88M cleared

Almost a year after President Donald Ramotar launched the US$5 million Low Carbon Development Strategy (LCDS) Micro and Small Enterprise Development and Building Alternative Livelihoods for Vulnerable groups (MSE) Project, funding has now been cleared for beneficiaries under both the loan and grant components .

Local gold, diamond miners pay  $7 billion in royalties and taxes

Local gold, diamond miners pay $7 billion in royalties and taxes

- sector deserves more, says Harding

Industry pressures arising out of what is now a pattern of falling gold prices is threatening to create further differences between privately run small and medium-scale gold mining operations and the state-run oversight body, the Guyana Geology and Mines Commission .

Stock market updates

Stock market updates

GASCI (www .

GMC plugs Guyana Shop chain idea

GMC plugs Guyana Shop chain idea

– street fair spread to Main St

Last Saturday the Guyana Marketing Corporation took advantage of the fine weekend weather and the convenience of the Main Street Avenue to stage yet another street fair in collaboration with small enterprises in the art and craft and agro processing sector .

Korea Inc targets ‘golden singles’ amid consumer slump

SEOUL (Reuters) - As South Korea’s population rapidly ages, makers of consumer goods from washing machines to packaged foods and pet products are increasingly targeting people like Lee Dong-soo, who is 34 and lives alone with his cat .

Highway signs lit up by solar energy

(Barbados Nation) - People travelling along the ABC Highway can now see the advertising signs at night, thanks to solar electricity .

Florida Expo aiming to push Guyana’s creative industries in US

Florida Expo aiming to push Guyana’s creative industries in US

Over the weekend, the Omni Auditorium at Broward College, Broward County, Florida will host one of the single largest creative contingents ever to travel from Guyana to the United States .

Local craft in losing battle against market forces

Local craft in losing battle against market forces

- says Jah Works creator Juliana Hughes

After we had finished speaking with Juliana Hughes on Monday she had to ready herself to travel to Florida the next day to participate in the Guyana Trade, Tourism and Investment Expo 2014 .

Another side to business

Ready at last?

The decision to use this column to address the GRIF-funded US$5 million LCDS Micro and Small Enterprise Development and Building Alternative Livelihoods for Vulnerable groups (MSE) Project was taken two evenings ago and only after the Editor of the Stabroek Business had told the writer that this week’s issue of the newspaper would contain some revelations on the project .

 Business Cartoons

Business Cartoons

Business Cartoons .

Our creative industries

Earlier this week a sizeable group of Guyanese travelled to Florida to participate in an event that puts on display a range of fashion clothing, craft and agro-processed foods to promote Guyana and locally produced goods to the international community, more particularly in North America .

Guyana, Suriname trade  with Brazil on ‘slow burner’

Guyana, Suriname trade with Brazil on ‘slow burner’

- Caribbean Export study

Guyana and Suriname are not adequately exploiting trade and other economic opportunities either between themselves, or with Brazil .

Members have no problem with GCCI going public on some political issues

– survey says

Information released in the Georgetown Chamber of Commerce and Industry (GCCI) 2014 Needs Assessment Survey indicates that sections of the local business community support the GCCI being vocal on certain political issues .



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