Small Business Bureau grant scheme created 426 jobs – CEO

-new CEO discloses lowering of employment target

The long-awaited reports on the work of the Small Business Bureau (SBB) for the years 2015 and 2016  “should be ready for publishing next week” though an official assessment of the performance of the entity launched in 2013 suggests that it has experienced mixed fortunes over the period of its existence.

Berbice must jump out of its ‘comfort zone’ in contemplating life beyond sugar – Gaskin

Amidst sustained expressions of concern over the anticipated impact of the closure of several of GuySuCo’s sugar estates in Berbice, Business Minister Dominic Gaskin used the occasion of last Friday’s 2017 Berbice Expo and Trade Fair to seek to assure the region with the heaviest dependence on the sugar industry that the transition from the crop that has been at the heart of the Guyana economy will see the creation of new opportunities for the region.

Public/private sector relations

You get a strong sense from some of what transpired at yesterday’s public/private sector encounter at the Marriott Hotel that many things continue to be unwell in the relationship between the APNU+AFC administration and the private sector, more specifically the Private Sector Commission  (PSC).

Food & Drugs Director backs city’s closure of five food outlets

Assurances associated with the quality of cooked foods being provided to patrons at public places are an important barometer of a country’s development and lapses in food safety standards can have a negative impact on external perceptions of standards “on the whole” in a country, Director of the Government Analyst Food and Drugs Department (GA-FDD) Marlan Cole has told the Stabroek Business.

Kitco Market Data

Gold Prices for the three-day period ending Thursday October 12, 2017   Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Price Prepared by the Guyana Marketing Corporation

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) *Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

US$9m IDB loan secured for National Quality Infrastructure

-project aimed at boosting competitiveness of Guyana’s exports

Government is embarking on a US$9 million project to build capacity in the area of national quality infrastructure to enhance the country’s competitiveness on the international food market.

Corentyne dreading demise of sugar estates

-pinning hopes on Nand Persaud acquisition of Skeldon assets

There are unmistakable signs of jitteriness in the Coren-tyne business community. It extends across the business support organisations and into the businesses themselves.

Oil and gas no sure thing for prosperity

– GMSA President

Guyana’s economy could still falter, the imminent exploitation of oil and gas notwithstanding, unless we remain focused on “the broader imperatives of supporting investments and job creation across our society”, according to the President of the manufacturers association, Shyam Nokta.

Plant Protection Organisation keeping close watch on imports

-370 import permits cleared for food crops up to September

With domestic food security continuing to be a matter of the highest national priority, the National Agricultural Research and Extension Institute (NAREI) says that the protection of the country’s agricultural sector from the introduction of imported pests and diseases continues to the focus of the National Plant Protection Organization.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 741’s trading results showed consideration of $27,708,720 from 206,687 shares traded in 9 transactions as compared to session 740’s trading results which showed consideration of $2,328,445 from 11,794 shares traded in 6 transactions. 

DDL’s investment disclosure

The disclosure yesterday that DDL is looking to invest $10 billion dollars in consolidation and expansion initiatives over the next three years is good news in more ways than one.

Nand Persaud & Company aiming at tougher sugar challenge

Having made its mark in the rice industry...

If Rajendra Persaud, one of the two brothers who sit at the helm of Nand Persaud and Company Ltd, is disappointed over the fact that the company will now have to formally restate its interest in the acquisition of the Skeldon Sugar Factory, he does not show it.

US food safety laws closing in

-non-compliance could cost Guyana big

Failure to comply with the regulations set out in the 2011 United States Food Safety Modernization Act (FSMA) could result in Guyana losing a US market for fresh and processed foods worth more than $1.4 billion, including spices and condiments worth in excess of US$1.4 million dollars.