Business

Central Bank Governor
Lawrence Williams
Central Bank Governor Lawrence Williams

Commercial banks ‘sitting pretty’, central bank governor says

– advocates accelerated lending    A review of the liquidity profile of Guyana’s commercial banking sector has revealed that commercial banks are positioned to significantly increase the extent of its lending to both individuals and the private sector though he cautioned that the growth of lending “has to be orderly and should not in any way upset the safety and soundness of the banking sector.”

James Bovell

Businesses School Director sees need for wider investment in skills training

 – to engage private sector umbrella bodies Even as chief executive officers of local private sector entities complain incessantly about the scarcity of skills at all levels in the business community, the head of one of the city’s leading business training institutions has told Stabroek Business that in some instances they may well have only themselves to blame for the problem.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 478’s trading results showed consideration of $1,228,733 from 60,951 shares traded in 7 transactions as compared to session 477 which showed consideration of $3,137,724 from 149,582 shares traded in 12 transactions. 

The RH hotel at Mahdia

Mahdia… still rising

Mahdia is full of surprises. Not least of those is the fact that if you travel to this small township in the Potaro-Siparuni region you are more likely than not to meet one, possibly more, fellow coastlanders.

Business guru Yesu Persaud

Yesu Persaud urges one-stop shop for investors

– says crime, job scarcity driving migration Chairman of Demerara Distillers Ltd (DDL) Yesu Persaud says that while he would advise potential investors to invest in Guyana, he believes that the need exists for the creation of a one-stop agency to facilitate them.

Natural Resources and Environment Minister Robert Persaud

GGDMA studying proposal to upgrade small scale mining

– joint ventures with bigger investors a likely option The Guyana Gold and Diamond Miners Association (GGDMA) is currently studying a proposal received from the Ministry of Natural Resources and the Environment (MNRE) which the ministry says is aimed at transforming and upgrading the activities of small miners “into organized and modernized mining.”

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 477’s trading results showed consideration of $3,137,724 from 149,582 shares traded in 12 transactions as compared to session 476 which showed consideration of $4,691,688 from 225,915 shares traded in 11 transactions. 

Retailing pirated DVDs in Georgetown

Intellectual property rights transgression unacceptable

– music executive Failure to rein in flagrant copyright transgression in Guyana has resulted in the impoverishment of the local music industry and the frustration of indigenous artistes, according to the head of one of the country’s leading recording studios.

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