Business

Remove GO-Invest from under ministerial control, Gouveia says

– entity needs autonomy, authority to do its job

Even as government announces that it is finally ready to appoint a Chief Executive Officer (CEO) to run the Guyana Office for Investment (GO-Invest), a former chairman of the Private Sector Commission has told the Stabroek Business that given its critical role in attracting foreign investment into the country, GO-Invest should be removed from beneath the jurisdiction of a government ministry and accorded “a measure of autonomy” to function as an entity driven by an influence of its own.

Transparent tender process critical – builders’ forum

– says enquiries about jubilee projects not well received

D’Urban Park Jubilee Project

Raising its profile and aggressively lobbying for its members to secure more access to state contracts are among the primary short-term objectives of the recently created General Contractors Association of Guyana (GCAG), according to three senior executive members.

Hotel import bill estimated at $70B

Ocho Rios resort (www.cometojamaica.com)

(Gleaner) – Hotels import about one-third of their food and fixtures, on which they spend around $70 billion, which equates to opportunities for local business to explore, according to a new tourism-demand study released Tuesday by the Tourism Linkages Council.

Fiscal measures in Guyana’s 2016 national budget

Stimulating growth, restoring confidence: The good life

By Pricewaterhouse Coopers Ltd, Trinidad & Tobago Minister of Finance Winston Jordan, presented the second budget for the coalition government under the theme ‘Stimulating Growth, Restoring Confidence: The Good Life Beckons.’ The budget, according to the minister, is anchored on the following five pillars: National Unity, National Infrastructure, National Institutions, National Security and Public Services.

Stock market updates

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GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 653’s trading results showed consideration of $1,659,336 from 39,808 shares traded in 22 transactions as compared to session 652’s trading results, which showed consideration of $748,940 from 30,680 shares traded in 11 transactions.

Tough Talks

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Tough Talks: Veteran trade unionists Charles Sampson, Leslie Gonsalves and Lincoln Lewis during a meeting at the Ministry of Natural Resources to discuss the plight of sacked Bauxite Company of Guyana workers

Barbados Business Visit

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Barbados Business Visit: Members of the Barbados business delegation led by Donville Inniss, Minister of Industry, International Business, Commerce and Small Business Development, (centre in long-sleeved shirt) during a recent business-related fact-finding visit to Guyana.

Uncustomed goods

Wednesday’s release from the Guyana Revenue Authority’s (GRA) Law Enforcement and Investigation Division (LEID) that it had seized uncustomed goods valued at $20 million in the month of January would probably hardly have attracted a great deal of public attention beyond the actual newspaper headline.

Budget disclosure on aviation investment welcomed

– but Ogle needs official attention, says Gouveia

Ogle International Airport

Government’s announcement in the 2016 budget presentation that it intends to make a multi-billion-dollar investment in shoring up the country’s aviation infrastructure has elicited an enthusiastic but measured response from the owner of one of the country’s high-profile aviation entities.


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