- agency should be free to attract international funding
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.
– says commercial bank lending limited by central bank restrictions
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 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.
By David Falconer
Three years into its introduction the local Credit Bureau seems set to reshape the country’s financial landscape, more particularly, to forever alter the procedures associated with lending.
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.
Guyana’s first ever coconut festival, billed for October, is poised to do more than any previous initiative to raise awareness of the importance of the product, Chairman of the National Stakeholders Forum for Coconut Development Raymond Trotz has said.
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.
(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.
– 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.