Prospects for the immediate-term fortunes of local rum manufacturers Demerara Distillers Ltd, in the light of what the company sees as a backing away from global free trade is likely to be one of the critical areas of interest, going forward, company Chairman Komal Samaroo says in the recently released 2017 annual report.
“While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.
Against the backdrop of protracted public and private sector prevarication over the taking of steps to cater for the United States’ Food Safety Modernization Act (FSMA), a US diplomat here has dropped a broad hint that unless local companies whose ambitions extend to securing traction in the US market get their houses in order, they are likely to find themselves out in the cold.
Hanoman Ramsaroop is a farmer ‘to the bone.’ On Fridays he makes his way to the Anna Regina Market to sell the vegetables cultivated on his farm situated off the Capoey access road.
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