Business

Over US$250M invested in bauxite since privatization

Over US$250M invested in bauxite since privatization

– but Persaud says industry still stagnated

Guyana’s bauxite industry continues to be “stagnated” and facing “serious challenges” despite an increase in exports, according to Natural Resources and Environment Minister Robert Persaud .

Suriname Airways Georgetown-Miami  service thriving; ticket sales up 10%

Suriname Airways Georgetown-Miami service thriving; ticket sales up 10%

April will mark three years since Suriname Airways launched its passenger service between Georgetown and Miami and Head of its administrative operations in Guyana Rudi Westerborg believes that his country’s national airline is still to realize its full potential as far as fostering relations between the two countries is concerned .

Stock market updates

Stock market updates

GASCI (www .

Kitco Market Data

Kitco Market Data

Gold Prices for the three day period ending Thursday January 22, 2015Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver .

PM: Jobs stay despite low oil prices

PM: Jobs stay despite low oil prices

(Trinidad Express) - Prime Minister Kamla Persad-Bissessar has told energy heads that the government remains committed to keeping employment levels up despite global issues with low crude oil prices .

Stakeholders working with police to curb crime in mining areas – Natural Resources Minister

Evidence of increasing lawlessness in mining communities in Guyana, which is characterized by heightened levels of violence that have led to loss of life appears to have elicited no new official measures aimed at correcting the situation .

Some Credit Bureau services available, CEO says

Some Credit Bureau services available, CEO says

Not quite where it wants to be…

More than a year after its establishment, Creditinfo Guyana is still not quite where it wants to be in terms of its targeted goals, though its Chief Executive Officer Judy Semple-Joseph told Stabroek Business earlier this week that some services are available .

Bargain bazaar

Bargain bazaar

Bargain bazaar: It may be quite a trek (particularly in bad weather) to get to the western extreme of Stabroek Market (the area closest to the Demerara River) but once you get there you discover that the area offers a bazaar of its own where fruit, vegetables, fish, groceries and even items of clothing are offered for sale in abundance and where not a few attractive bargains can be had .

Business Cartoon

Business Cartoon

Business Cartoon .

Still pondering

Still pondering

Still pondering: Up to yesterday there was still a great deal of uncertainty as to whether the government’s decision to drop fuel prices at GuyOil gas stations would have an impact on minibus and taxi fares .

Cheaper oil

This week’s announcement by Finance Minister Dr Ashni Singh that fuel prices at GuyOil pumps would have been reduced by Wednesday could have come earlier, though the fact that it has come at all is a blessing for both ordinary consumers and for the business community as a whole .

The Cottage Restaurant and Café: In the shadow of the Marriott

The Cottage Restaurant and Café: In the shadow of the Marriott

Mud Lot on Access Road in Kingston is usually a quiet, virtually deserted area in North Georgetown, and one you probably would not associate with the hustle and bustle of commerce or traffic .

Dependence on gold must end, Chamber officials say

Dependence on gold must end, Chamber officials say

– call for consumers to benefit from oil price dip

The continued decline in the price of gold on the world market sends a clear signal to countries like Guyana that a point has long been reached where assurances of economic growth can only be realized by embarking on programmes aimed at significantly encouraging the growth of value-added industries .

US-based entity looks to boost regional share  of North American food and beverage market

US-based entity looks to boost regional share of North American food and beverage market

With the Caribbean under pressure not only to significantly reduce its multi-billion-dollar food import bill but also to increase its market share for food exports to North America and Europe a new partnership would appear to be emerging to help propel the region’s food and beverage industry .

Gold in 2015

The portents, even this early in the year, suggest that 2015 could be an even tougher year for the gold-mining industry than 2014 .

Cartoon

Cartoon

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Gov’t still cagey on PetroCaribe’s future, as chaos in Venezuela grows

As economic turmoil in Venezuela grows, the Guyana government’s reticence on the future of the PetroCaribe agreement is passing strange, observers say .

Samsung talks to BlackBerry about $7.5 billion buyout: source

NEW YORK/SEOUL (Reuters) - Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7 .

Kitco Market Data

Kitco Market Data

Gold Prices for the three-day period ending Thursday January 15, 2015Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver .

Home Economists aiming for ‘showpiece’ regional conference here

Home Economists aiming for ‘showpiece’ regional conference here

The Guyana Association of Home Econo-mists (GAHE) is urging local hotels, restaurants and other business houses to “come on board” in an effort to make the March-April 21st Biennial Conference of the Caribbean Association of Home Economists “a national showpiece” that can leave a permanent memory of Guyana as a country of high standards .

Jamaican firm to help local manufacturers with labelling, packaging

Local small businesses facing product-packaging deficiencies will benefit from an engagement with the well-known Jamaican marketing communication agency Prism Communications Ltd, which the entity says will better position beneficiaries’ products to find favour with export markets .

Stock market updates

Stock market updates

GASCI (www .

A new home for the Police Credit Union

A new home for the Police Credit Union

[caption id="attachment_319372" align="aligncenter" width="600"] A new home for the Police Credit Union… Earlier this week the 45-year-old Guyana Police Cooperative Credit Union commissioned its new Headquarters in Camp Street, opposite the Criminal Investigation Department .

Daughter of Linden entrepreneur  opens ‘Legends’ in honour of dad

Daughter of Linden entrepreneur opens ‘Legends’ in honour of dad

– upbeat about service to community

After almost four decades in Canada Jackie Sue-Kam-Ling returns to Linden to sustain her father’s entrepreneurial traditionThirty-eight years after migrating to Canada, Jackie Sue-Kam-Ling has returned to Guyana, more specifically to Linden,  .

Go-Invest for major  overhaul – Burrowes

Go-Invest for major overhaul – Burrowes

- changes to feature focused leadership

The Guyana Office for Investment (Go-Invest), the lead agency responsible for creating an enabling environment for investment promotion in Guyana is to undergo a wide-ranging overhaul, designed to better position the entity to draw an enhanced level of investor attention to Guyana, Stabroek Business has learnt .

Roraima sticking with ‘strategic’  partnership with Dynamic Air - Gouveia

Roraima sticking with ‘strategic’ partnership with Dynamic Air – Gouveia

Roraima Airways Chief Executive Officer Gerry Gouveia who has had to weather a storm during the holiday period over the glitches that caused Dynamic Air to twice—on Christmas Eve Day and Old Years’ Day—fail to provide service to passengers travelling to Guyana remains insistent that given Guyana’s circumstances, particularly the need for the country to benefit from more airline service between here and North America, Dynamic remains “a good option” for the country .

Bright sparks in the manufacturing sector

The Stabroek Business has begun the year by drawing attention to two modest manufacturing entities that have set out to raise standards in a sector that has been performing sluggishly for several years .

Cartoon

Cartoon

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GMC to stage major agro-processors show this year

The Guyana Marketing Corporation (GMC) is hoping to stage its first ever major national agro-processors exhibition during the first quarter of this year, which General Manager Nizam Hassan says is intended to bring producers, traders and consumers together in an arrangement which, hopefully, would move the sector forward .

West Berbice rice farmer sees uncertain times ahead

West Berbice rice farmer sees uncertain times ahead

- says short-term fortunes will depend on PetroCaribe

Humberto Hamilton has been contemplating the unfolding developments in the country’s rice industry with a mixture of anxiety and optimism .

Stock market updates

Stock market updates

GASCI (www .

Happy New Year!

Happy New Year!

[caption id="attachment_318476" align="aligncenter" width="600"] Happy New Year! This gut-churning pile of garbage opposite the Ministry of Labour and close to one of the city’s major trading areas was one of the first sights that greeted Stabroek Business photographer Aubrey Crawford during his downtown walkabout on Tuesday .

Runway Anniversary

Runway Anniversary

[caption id="attachment_318474" align="aligncenter" width="600"] On Sunday The Runway, situated at the Ogle International Airport and one of several snackettes operated by Proprietor Jerry Bacchus will celebrate its fifth anniversary .

JJV Cellars aiming to help take local wine industry places

JJV Cellars aiming to help take local wine industry places

A Guyanese brother and sister team is in the process of staking a place in the manufacturing sector, with a local wine-making industry that has proceeded in fits and starts, over the years .

Kitco Market Data

Kitco Market Data

[caption id="attachment_318469" align="aligncenter" width="600"] Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver .

Local Extra Virgin coconut oil could be on the brink of breakthrough on key Jamaica market

Local Extra Virgin coconut oil could be on the brink of breakthrough on key Jamaica market

The South American Coco Company may still be some distance away from the big leagues in what is now a rapidly expanding and, these days, is a global multi-million dollar industry—the manufacture and marketing of coconut byproducts—but Lois Rickford, proprietor of the two-year-old West Coast Berbice-based enterprise believes her business is headed in the right direction .

Downtown businesses still awaiting seasonal windfall

Downtown businesses still awaiting seasonal windfall

Up to late on Wednesday evening city traders were still awaiting the anticipated wave of Christmas shoppers which, many of them concede, has failed to materialize .



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