Business

We have put a dent in gold smuggling, Trotman says

- hopes high for 600,000 ozs yield this year

While the Government of Guyana is optimistic that gold production for this year could reach 600,000 ounces, there is every likelihood that gold smuggling persists despite official efforts to curb the practice, Natural Resources Minister Raphael Trotman has told Stabroek Business.

Canadian-funded project preparing Guyana’s farm produce for high value markets

PROPEL field trip

With the need to attract high value external markets (HVMs) for Guyana’s agricultural produce having long been high on the list of priorities of the country’s export sector, the Canadian-funded initiative titled Promotion of Regional Opportunities through Enterprises and Linkages (PROPEL) project has already made an important footprint in the journey towards that goal.

Satisfied work force critical to strong business environment, stable economy – Lewis

A properly incentivized work force whose rights are respected and whose workplace security and material needs are being met is critical to a stable economy and to the prosperity of the nation as a whole, Guyana Trades Union Congress (GTUC) General Secretary Lincoln Lewis told Stabroek Business shortly after emerging from last week’s meeting of a trade union movement that continues to be fractured by divisions many of which have their origins in political differences.

World Bank, Caribbean Export launch LINK-Caribbean

– to kick start angel funding

Caribbean Export Executive Director Pamela Coke Hamilton

Initiatives designed to create a bigger pool of financial resources into which startup, early-stage and growth businesses in the Caribbean can dip to consolidate their growth and expansion received a significant boost earlier this week when the World Bank Group, together with the Caribbean Export Development Agency (Caribbean Export), launched LINK-Caribbean, an investment facilitation programme designed to enable early-stage regional entrepreneurs to raise capital from private investors.

Starr helping prepare next generation of ‘techies’ to transform Guyana – CEO

Starr Computers CEO Mike Mohan engaging GIT students this week

The local information and communication technology service provider Starr Computers is to accelerate its focus on creating a technology learning centre inside its Brickdam complex for the purpose of helping to prepare the next generation of local ‘techies’ for the task of meeting the requirements of serving Guyana in the “demanding technology age that lies ahead,” the company’s Chief Executive Officer Michael Mohan has told Stabroek Business.

Banks tighten SWIFT system security after hacks

GENEVA (Reuters) – Banks are tightening the security of their SWIFT messaging networks – used by the industry to shift trillions of dollars each day – following revelations that hackers are increasingly able to get into this system to steal money.

Stock market updates

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GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 688’s trading results showed consideration of $1,387,531 from 4,584 shares traded in 8 transactions as compared to session 687’s trading results, which showed consideration of 12,660,375 from 196,803 shares traded in 12 transactions. 

Market Prices

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(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)The New Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Kitco Market Data

20160930goldprice

Gold Prices for the three-day period ending Thursday September 29, 2016Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

T&T/Guyana oil and gas support MoU to be signed before year end

- Petroleum Directorate to be created

Engaging Trinidad on oil and gas: Trinidad  and Tobago Minister of Energy and Energy Industries  Nicole  Olivierre (second from right) with local ministers David Patterson, Simona Broomes, Winston Jordan and Raphael Trotman

The key Memorandum of Understanding (MoU) between the governments of Guyana and Trinidad and Tobago under which the latter will provide various forms of support to the oil and gas sector in Guyana is likely to be signed before the end of this year, Natural Resources Minister Raphael Trotman has told the Stabroek Business.

Small Business Council to report on work of Bureau soon

- new chair sees need for development bank, entrepreneurship strategy

Former president Donald Ramotar (right) at the launch of the MSED Project

A long-awaited progress report on the work of the Small Business Bureau (SBB) including a crucial assessment of the qualitative progress being made by the body in supporting the development of small businesses that were recipients of grants from the Guyana Redd+ fund under the Micro and Small Enterprise Development (MSED) project is likely to be available soon, according to newly appointed Chairperson of the Small Business Council, (SBC) Valrie Grant.

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