A perspective on the condition of the cooperative

The decidedly low-key programme executed by the Government of Guyana to mark National Cooperatives Week did much, if indeed anything more needed to be done, to underscore the cataclysmic decline of the movement over the decades since the then People’s National Congress administration promulgated cooperatives as the third sector of a tri-sectoral Guyana economy.

That, as it turned out, was much more political objective a fait accompli. Up until now, the cooperative movement, its individual notable accomplishments, notwithstanding has simply not made anything remotely resembling an imposing footprint on the country’s economy. For a whole host of reasons it has proven to be insufficiently robust to be stacked up alongside the government and the private sector as pillars of the economy.

It seemed that the whole idea behind cooperatives was to generate a sense of entrepreneurial self-reliance in groups of people whose entrepreneurial ambitions were not matched by the requisite practical know-how. One of the accomplishments of the government of the day was the role it played in ‘pulling’ the various groups together (even though, in many instances, keeping them together and keeping them focused proved to be a much more challenging task) an initiative that served as a critical building block for what one might call the creation of a ‘cooperative culture.’….


Manufacturing sector at standstill – Ramsay Ali

The unchanging dilemma of an uncompetitive   local manufacturing sector continues to be manifested in the persistence of high electricity costs coupled with a notoriously unreliable power supply system and high costs of imported raw material inputs, among other things, Former President of the Guyana Manufacturing & Services Association (GMSA) Ramsay Ali who is also Chief Executive Officer of Sterling Products Ltd.

Sterling Products seeking 10,000 acres for coconut cultivation

With the global coconut industry now offering numerous potentially lucrative opportunities to the manufacturing and agro-processing sectors, the local company, Sterling Products Ltd is signalling its intention to utilize the sector to enhance its own expansion and diversification programmes.

Backing away from a garbage crisis

It had always appeared to be the case that the assurance given the citizenry by Town Clerk Royston King in a statement last week that following the withdrawal of services by City Hall’s substantive service providers, Cevons Waste Management and Puran Brothers, the City was putting in place contingency measures to manage, in an environmental friendly manner, the city’s waste disposal, was little more than just another example of the municipality getting ahead of itself.

China Railway gets major T&T road project

(Trinidad Guardian) China Railway Construction Corporation (CRCC) has been awarded a $221.7 million contract by the National infrastructure Development Company (Nidco) to build the controversial Curepe Interchange, the state company’s chairman Herbert George has confirmed.

Kitco Market Data

Gold Prices for the three-day period ending Thursday August 17, 2017           Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

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