Guyana ranks 93rd on The World Economic Forum’s Network Readiness Index in its 2015 Global Information Technology Report .
A new World Economic Forum report on the role of Information and Communication Technology (ICT) in growth and development is placing the onus on governments to step up population access to the internet, as a means of accelerating economic development and the emergence of startup companies in their countries .
At face value it may not sound like a great deal and, moreover, it is only one of a multitude of initiatives required to address the varied challenges facing the local craftspeople and artisans and their industries .
Local ceramic and pottery craft producers are to benefit from professional instruction in modern techniques for mould design and manufacturing through a workshop being delivered by the Caribbean Technology Consultancy Services (CTCS) Network in consultation with the Georgetown Chamber of Commerce and Industry (GCCI) .
Whilst formal academic training in business-related disciplines now occupies a prominent place on the curricula of local schools and tertiary institutions and increasingly as part of in-service training at several local entities, the view has long been expressed in business circles that efforts to enhance the entrepreneurial culture in Guyana must be driven much more by initiatives that provide hands-on instructional training designed to transform modest and seemingly thriving business ventures into highly successful enterprises .
The immediate-term expansion plans of the local travel and interior tours entity North West Group of Companies is but one of a number of illustrations of the positive spin-offs of the country’s gold-mining sector .
Protracted legal battles being waged by local importers and distributors to retain the good reputation of the authentic products they deal in by confronting the issues of counterfeit imports and product dumping frontally, tackling the long-standing issue of the dredging of the Demerara Navigational Channel and creating increased marketing opportunities for locally produced goods in foreign markets are among the areas in which the Guyana Manufacturing and Services Association (GMSA) realized little if any success despite its lobbying efforts last year .
Officials of Marble Slab Creamery, a chain of independently owned North American franchised stores that specialize in serving ice cream and other desserts are currently in Guyana winding up discussions with United Investments that are likely to result in the launch of a local franchise at its America Street outlet “possibly within a matter of weeks,” Marketing Manager Michael Alleyne has said .
Whether President of the Guyana Manufacturing & Services Association (GMSA) Clinton Williams would have made much headway during his presentation at last Friday’s Annual General Meeting in his quest to persuade his audience that the umbrella body had made meaningful strides in overseeing the development of the manufacturing sector under his watch is not something that can be determined from a distance .
Traceyann Massay is another of an increasing number of young people who are surrendering routine nine-to-five jobs to embrace the more challenging excursion into self-employment .
On a local social landscape packed with an unending stream of meetings, conferences and celebratory events of one sort or another there is an increasing amount of room for entrepreneurial opportunities in the service sector .
Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver .
Corentyne businessman and President of the Upper Corentyne Chamber of Commerce Abraham Subnauth has told Stabroek Business that the strengthening of trade ties between Guyana and Suriname could serve as a catalyst for the creation of a genuine single market in the Caribbean Community (CARICOM) .
On Monday when Stabroek Business visited the area of the Stabroek Market Wharf where a section of the roof had collapsed more than a week earlier, flattening a few stalls in the process, other vendors were still trading in the shadow of the havoc, seemingly indifferent to the danger of the rotting roof raining down on them .
By Valrie Grant Managing Director GeoTechVisionWhether you are operating a small business, a large regional enterprise, a government department or a utility company you certainly will need information and in most cases information that has location attributes – that is, ‘where?’ Everything is located some “where” and as such many of the problems we face as a society are geographic problems or have a geographic component .
Even in a business suit Roopnarine Singh resembles a schoolboy only now beginning to contemplate the challenge of the CXC examinations .
As June, the traditional ‘month of brides’ approaches, couples and families as a whole, will be preoccupied with wedding plans .
More than a week into April – Occupational Safety and Health Month – little if anything has been heard from either the government or the private sector about plans to commemorate what, in Guyana’s particular circumstances is an occasion of considerable significance if only because of our own less than stellar record on the issue of workplace safety and health .
Business Cartoons .
Gold Prices for the three day period ending Thursday April 9, 2015[caption id="attachment_329670" align="alignnone" width="385"] Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver .
(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)[caption id="attachment_329674" align="alignnone" width="242"] *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 .
Entrepreneurship is no longer quite what it used to be .
Time was when the MV Kimbia docked at Kumaka once every fortnight .
VARANASI, India (Reuters) - As India launches an $18 billion plan to spread the information revolution to its provinces, the problems it faces are a holdover from the past - electricity shortages, badly planned, jam-packed cities, and monkeys .
By Dani Rodrik PRINCETON – So-called “frontier market economies” are the latest fad in investment circles .
Since the beginning of 2015 the Guyana Telephone and Telegraph Company (GT&T) has recorded more than 33 instances of disruption to its line plant associated with vandalism and indiscriminate digging by entities undertaking other works in the vicinity of its cables .
An open border or at least a border “with limited restrictions between Nickerie and Corriverton” is likely to “trigger a significant boost to the economy of the Upper Corentyne,” recently re-elected President of the Upper Corentyne Chamber of Commerce Abraham Subnauth has said .
HONG KONG (Reuters) - US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains .
Gold Prices for the three day period ending Thursday April 2, 2015[caption id="attachment_328984" align="alignnone" width="385"] Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver .
(Trinidad Express) Republic Bank (RBL) on Wednesday announced plans to acquire Suriname’s third largest bank, RBC Royal Bank Suriname NV, from the Royal Bank of Canada .
Jamaican-born businesswoman Valerie Grant takes seriously the opportunities afforded by the facility of free movement of skills in the region to offer what, in the context of the Caribbean, are scarce if important services that are critical to a broad range of developmental sectors .
It has been two months since around 60 beneficiaries received grants totalling some $20 million under the Micro and Small Enterprises (MSE) Development and Building Alternative Livelihoods for Vulnerable Groups’ project .