Business

Metal exporters want urgent presidential intervention

– end to crippling squeeze on trade

Guyana Metal Recyclers Association President Michael Benjamin

– business ministry working on new procedures Piqued over what it says has been the suspension—without either notice or official notification—of the scrap metal trade by the APNU+AFC administration since June last year, the Guyana Metal Recyclers Association (GMRA) the official umbrella body for local exporters has told the Stabroek Business that the protracted inability of businesses to ply their trade is wreaking havoc with the industry and denying legitimate businessmen the right to earn a living.

A perspective on the small business sector

While the Stabroek Business has been unable to secure a reliable estimate of the extent of the increase in urban trading over the past five years we have noticed the pronounced upsurge in small business investments in sectors such as grooming and beauty treatment (barbering, hairdressing, cosmetology), fashion, food vending and IT goods and services.

Kitco Market

20160624gold prices June24

Gold Prices for the three day period ending Thursday  June 23, 2016Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Caribbean facing savings crisis – IDB

- study cites low trust in banking system, financial illiteracy

IDB Chief Economist Jose Juan Ruiz

A new study released earlier this month by the Inter-American Development Bank (IDB) has put countries in Latin America and the Caribbean on notice that they are confronted with a savings crisis that might do damage to their economies in the years ahead.

Prices Prepared by the Guyana Marketing Corporation

20160624pricesjune24

(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.

Kitco Market Data

20160617gold prices June17

Gold Prices for the three day period ending Thursday June 16, 2016Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Building boom coincides with indifference to safety in construction sector, contractors’ body says

– wants awards of state contracts tied to track records

High rise construction requires greater mindfulness of workers’ safety

There is evidence of both professional lawlessness and official indifference in matters of safety and health in the construction sector and both the government and the “community of contractors” have a responsibility to move to protect both the lives of workers and the reputation of the industry, Secretary of the General Contractors Association of Guyana (GCAG) Neil Cort-Rogers has said.

Fake seasoning reflects weak Food and Drugs enforcement regime

– importer hints at irregularities

Fake seasoning

In the wake of the disclosure earlier this week that quantities of monosodium glutamate with the counterfeit brand ‘Ajinomoto’ had appeared on the local market, the Government Analyst Food and Drugs Department (GA-FDD) has told this newspaper that the inherent operational weaknesses of the department pose an ever present risk that counterfeited/fake foods could have easy passage into the country.

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