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 .
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 .
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 .
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 .
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 .
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 .
By Mohamed A .
Stock market updates .
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 .
(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 .
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 .
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 .
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 .
Two stories published in this issue of the Stabroek Business address the issue of buying local, albeit from different perspectives .
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 .
(This is an edited interview between the Chief Executive Officer of Massy, Gervase Warner and Stabroek News on October 29th .
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 .
GASCI (www .
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 .
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 .
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 .
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 .
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 .
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 .
GASCI (www .
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 .
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 .
(Barbados Nation) - People travelling along the ABC Highway can now see the advertising signs at night, thanks to solar electricity .
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 .
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 .
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 .
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 and Suriname are not adequately exploiting trade and other economic opportunities either between themselves, or with Brazil .
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 .