Where has all the growth gone? (Part II)

By Rawle Lucas On In Business |
LUCAS STOCK INDEX: In week three of December 2010, the Lucas Stock Index (LSI) gained 0.41 per cent over trades from the previous week, enabling the index to end the period at 117.25. Trading this week involved the stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL), Demerara Tobacco Company (DTC) and Sterling Products Limited (SPL). DIH recorded no change in its stock price while the stocks of DDL and DTC recorded gains of 2 per cent each and that of SPL registered a loss of 4 per cent.
LUCAS STOCK INDEX: In week three of December 2010, the Lucas Stock Index (LSI) gained 0.41 per cent over trades from the previous week, enabling the index to end the period at 117.25. Trading this week involved the stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL), Demerara Tobacco Company (DTC) and Sterling Products Limited (SPL). DIH recorded no change in its stock price while the stocks of DDL and DTC recorded gains of 2 per cent each and that of SPL registered a loss of 4 per cent.

Public Procurement

Last week, reference was made to the non-creation of the small business bureau as an example of an institutional problem that causes lower returns on the investments of Guyana.  But, there is more.  The impact of the institutional weakness is equally well understood in the context of the debate on public procurement.  The capital expenditure of the administration is an important component of the nation’s capital investment.  For the government, such investments comprise the many completed public works undertaken by private contractors,