Supreme Ventures Limited of Jamaica, one of the region’s best known betting, gaming, and lottery operations has launched a multi-million dollar gaming operation in Guyana.
Staged with much aplomb at the prestigious Marriott Hotel as a joint public/private sector initiative in collaboration with the Caribbean Export Development Agency, the September 19-22 Guyana Trade and Investment Exhibition (GuyTIE) was envisaged as a Business to Business forum, “a platform for local export-ready businesses to engage foreign buyers and other potential partners.” Specifically, its objectives, according to the organizers, were to “promote packaged investment opportunities” for foreign direct investment and local investment; to prepare and promote export-ready firms for export markets and to highlight Guyana as a destination for business.
A delay of more than two days in City Hall giving the ‘green light’ for its two principal waste disposal contractors to return to work following the brokering of a deal to facilitate the early partial settlement of a multi-million dollar debt owning to them may point to a “deeper problem,” a municipal source has told Stabroek Business.
Dianne Innis possesses no lofty ambitions that have to do with ‘changing the world’ or even lifting all of the young and underprivileged Guyanese whose lives are blighted by poverty and perhaps worse, by lack of opportunity, out of their present predicament.
Driven by a health and wellness trend, the global demand for fresh coconuts, coconut-based products and value-added products are at an all-time high and is projected to continue to grow exponentially.
With last week’s disclosure by ExonMobil of a tenth oil find offshore Guyana since May 2015, international investor interest in the country as potentially the next ‘high flier’ in the global oil and gas industry persists.
(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) The New Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.
One of the more important disclosures to come out of the post-budget presentations in the National Assembly last week was the one made by Minister of Business Dominic Gaskin regarding what we hope is a definitive confirmation that the 20 per cent allocation of state contracts to small businesses will take effect in January 2019.
Stock market updates
The oil and gas and aviation sectors are to be included in an “alliance” created by the Ministry of Social Protection in an effort to curb the incidence of accidents in the various sectors, Minister in the Ministry of Social Protection Keith Scott told the National Assembly in his post-budget presentation earlier this week.
Confirmation that the clause in the country’s 2004 Small Business Act making provision for local small businesses to access 20% of state contracts from January next year will be activated was on Monday provided in the National Assembly by Minister of Business Dominic Gaskin.
These days, you get the feeling that an increasing number of Guyanese are prepared to ‘shell out’ good money to ‘eat out,’ if the menu is reflective of the best of the Guyanese cuisine culture.
By Tuesday of this week the evidence on downtown Regent Street pointed to the non-arrival, up until now of what we in Guyana describe as the Christmas spirit.’ Part of it is usually manifested in the jousting for space on the pavement between shoppers and vendors, each group animated in their separate preoccupations – .with shopping and vending, respectfully.
By Brian T. Mullis The tourism sector is widely recognized globally as a vital contributor to job and wealth creation, economic development, environmental protection, and poverty alleviation.
Gold Prices for the three day period ending Thursday December 6, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
With the provisions of the 2019 budget pointing in the direction of a major focus on small business development in the new year, government appears to have handed the Small Business Bureau (SBB) a major role in positioning the sector as a factor in ensuring economic growth and employment generation in the new year.
Taken at surface level Minister Keith Scott’s disclosure in his post-budget presentation in the National Assembly earlier this week regarding the creation of an “alliance” designed to help curb the incidence of workplace accidents in the various high risk sectors is an interesting one particularly since, outside of mining and the traditional areas where workplace accidents occur with some regularity, the Minister has also based on his presentation in the National Assembly embraced the oil and gas and aviation sectors, which, going forward will assume an increasing prominence in the country’s economy, as part of the alliance.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 802’s trading results showed consideration of $30,282,757 from 403,961 shares traded in 14 transactions as compared to session 801’s trading results which showed consideration of $7,612,693 from 82,031 shares traded in 11 transactions.
Seemingly seeking to heed the persistent warning that Guyana should not allow the advent of oil and gas to result in a neglect, or worse, a wholescale abandonment of those sectors that have historically sustained the country’s economy, the APNU+AFC coalition administration this week used the presentation of its budgetary proposals for 2019 to set out plans for what it says is “production, transformation and agricultural transformation” which, it is envisaged, will coexist with the historic move with the recovery of ‘first oil’ in 2020.
Two close school friends who first met each other in First Form at Charlestown Secondary School have not only retained their friendship through their teen-age years and into adulthood but have now pooled their resources and their talents to create a business for themselves and jobs for other young people through The Balance, a professional waiter service that appears destined to make a mark in one of the country’s fast-emerging sectors.
For all its challenges associated with weak infrastructure, high investment costs, unfavourable weather and an unpredictable global market, Chief Executive Officer of one of Guyana’s most successful investors in the sector, Nand Persaud and Company, Rajindra Persaud firmly believes that over the long haul the rice industry has been a stayer, a success and that it has proven itself to be very much the front runner in the country’s still highly valued agricultural sector.
In recent years Guyana has secured a much greater insight into the economic value of the coconut primarily on account of significantly enhanced awareness of the value of its liquid – coconut water.
As has been pointed out in our lead story on government’s proposals for the agricultural sector in 2019, there appears to be a deliberate effort to send a message in the 2019 budget proposals that approaching ‘first oil’ will not have the effect of placing agriculture, a sector that has, historically, served the nation well, on the back burner.
If the Caribbean is truly keen on significantly increasing its earnings from the region’s tourism sector one way of doing so is through the launch of an aggressive marketing initiative that targets the filling of its thousands of hotel rooms that remain vacant every night, Chief Executive Officer and Director General of the Caribbean Hotel & Tourism Association (CHTA) Frank Comito says.
In more ways than one The Guyana Shop continues to make its own robust contribution to the growth of Guyana’s agro processing industry.
Chief Executive Officer of GEB Security Services Inc. Maurice Amres has been reappointed to the Board of Directors on the United States-based Council of International Investigators.
Kitco Market Data Gold Prices for the three-day period ending Thursday November 29, 2018
Stock market updates
Two years ago, almost to the day, Finance Minister Winston Jordan told Guyanese in his 2017 budget presentation that it was the intention of the Government to preside over the full and effective implementation of the provision in the Small Business Act allowing for small businesses to have access to 20% of state contracts which are within their competence to execute.
Gold Prices for the three day period ending Thursday November 22, 2018
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 800’s trading results showed consideration of $49,095,166 from 661,171 shares traded in 16 transactions as compared to session 799’s trading results which showed consideration of $81,667,314 from 330,248 shares traded in 9 transactions.
(Jamaica Gleaner) Come month end, GraceKennedy Remittance Services Limited, GKRS, is headed to court to challenge a decision by the tax authorities in Guyana that it underpaid taxes there by more than $240 million.
Stock market updates
Stock Market Updates GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 798’s trading results showed consideration of $22,450,430 from 305,719 shares traded in 8 transactions as compared to session 797’s trading results which showed consideration of $14,492,957 from 212,184 shares traded in 19 transactions.
Next year’s formal commencement of tuition by the University of Guyana’s Institute of Food and Nutrition Security (IFANS) is inextricably linked to his administration’s objective of fashioning a university that is directly responsive to the developmental needs of the country, University of Guyana Vice Chancellor, Professor Ivelaw Griffith has told the Stabroek Business.
At thirty six Chris Persaud could easily be mistaken for a laid back, carefree post-graduate hopeful with a host of ideas and a dream of one day taking a tailor-made place within a niche suited to his talents…………except that Chris may have already found his niche in business through a company which he built from ground up and which in a few short years has moved quietly close to the very top of Guyana’s agro-processing sector.
Having realized nine oil finds offshore Guyana since 2015, oil and gas people.com reported on Wednesday that the global oil giant ExxonMobil is eyeing western and southern Africa as potential locations for a comparable oil bonanza.