Twenty percent of state procurement contracts for small businesses set for next year

The Government of Guyana is seeking to hasten the process that will bring into effect a key provision in the Small Business Act of 2004 to enable 20% of state procurement contracts to go to small businesses.

Earlier this week, Chief Executive Officer of the Small Business Bureau (SBB) Dr. Lowell Porter told Stabroek Business that the Bureau has been handed responsibility for supporting the development and implementation of the policy. In this regard, Dr. Porter told this newspaper that the SBB is currently “collaborating with the National Procurement and Tender Administration Board (NPTAB) to make this happen.”

 According to Dr. Porter the SBB and NPTAB have   exchanged databases in an effort to identify and subsequently approve those small business that are interested in providing services to the Government of Guyana. He said that coming out of the deliberations between the two entities a compulsory registration form has been developed. ….


Brazil Trade and Investment visit shifted to mid-February

A scheduled visit here by a Brazilian trade and investment delegation originally due to take place this month as a follow-up to one to Brazil by a team of Guyanese state officials last May has been postponed until mid-February, Stabroek Business has been informed.

Delay in getting Cubans home regrettable but bigger picture encouraging – Gouveia

Roraima Airways Chief Executive Officer Captain Gerry Gouveia says that the “legitimate concern” over the recent delay in returning home experienced by a number of Cubans on account of mechanical defects to the Air Aruba aircraft should not be allowed to overshadow the significance of the service to promoting “friendships and business ties” between Cuba and Guyana.   

IDB supporting initiative for Secured Transaction Regime in Guyana

Work towards the creation of a Secured Transaction Regime in Guyana is being accelerated through a collaborative arrangement between the Government of Guyana and the Inter-American Development Bank.

Lewis raps Trotman over letter praising relationship between Russian bauxite managers, workers

A letter written to the Managing Director of the majority Russian-owned    Bauxite Company of Guyana Inc.

Nearly $270m in loans facilitated by Small Business Bureau last year, 51% of target

Information released by the Small Business Bureau (SBB) last week indicates that during last year the agency facilitated a total of fifty loans to clients   valued at $269.7 million and up to November 30, 49 of those loans valued at $221.8 million were disbursed.

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