Business

Caribbean Container Inc announces 36-month closure of recycling plant

– 30 staff to be severed, will import paper for box production

The local paper and paper container manufacturing company Caribbean Container Inc (CCI) has announced that with effect from the end of June it will be suspending the operations of its Paper Recycling Plant and reverting immediately to imported paper as the primary raw material for its box manufacturing facility.

Local agro-produce aim for greater market impact

Things may be ‘looking up’ for the agro-processing sector as the Guyana Marketing Corporation’s Robb and Alexander streets Guyana Shop seeks to promote a wider range of local spreads, spices and sauces in an effort to secure greater traction on the local market for small and medium-scale producers.

A window on technological development and economic advancement

Guyana’s first robot exhibition:

By Karen Abrams and  Leon Caleb Watching the youngsters put the finishing touches to the arrangements for Guyana’s first National Robot Exhibition which takes place at the Cliff Anderson Sports Hall tomorrow, Saturday June 24, we are inclined to reflect on the impact that the STEMGuyana project has made on the lives of hundreds, perhaps thousands of Guyanese youngsters. 

An oil industry… going forward

As a nation, we are approaching the point of possibly becoming a major producer of oil and gas producer, though just how big a player we will be can only be determined with the passage of time in circumstances where our understanding of the industry, its dynamics and its complexities is worryingly limited.

Swiss Machinery diesel expo targeting truck owners, miners

Chief Executive Officer of local company Swiss Machinery, Harold Beharry, has told Stabroek Business that tomorrow’s One Stop Diesel Expo being staged at the Georgetown Club represents a direct service to key areas of the Guyana economy since it targets equipment and machinery that is critical to the operations of important sectors.

T&T Chamber delegation visit yields more than 100 business meetings  

A recent two-day business-to-business encounter between a delegation headed by the Trinidad and Tobago Chamber of  Industry and Commerce and a number of local companies seems set to pave the way for the long-anticipated strengthening of business and commercial ties between the private sectors of the two Caricom countries, Stabroek Business has been informed.

Port Kaituma exploring options to the fortunes of gold

Port Kaituma is one of several gold-mining communities that has had to adjust to the vicissitudes of the gold-mining industry, not least the instability in gold prices and the attendant fluctuation of the fortunes of gold miners on the one hand, and the strengthening of environmental, safety and health and other regulations that compel a higher level of operational compliance on the other.

BCGI’s Russian management, union talking in earnest

– Lewis says atmosphere could be on the mend

The visit last December to Guyana by officials of the Russian company RUSAL, the majority shareholder in the local company Bauxite Company of Guyana Inc (BCGI) in an effort to end a longstanding industrial relations’ dispute involving workers and management may have paved the way for an improved relationship between the two sides, General Secretary of the Guyana Bauxite and General Workers Union (GB&GWU) Lincoln Lewis has told the Stabroek Business.

Republic, Scotia banks award local music school $1M grant

A nine-year-old local music school has been awarded a $1 million grant along with a one-year capacity-building support system through the Small Business Bureau (SBB) designed to equip the institution with the capacity to develop sound and prudent financial best practices in order to facilitate its continued financial growth.

Foreign investment: The Brazil and T&T initiatives

The visit to Brazil in May by a delegation of heads of various state agencies including the Guyana Office for Investment (GO-Invest), the Guyana National Bureau of Standards and the Lands and Surveys Department and the more recent visit here by a delegation of Trinidad and Tobago business leaders under the auspices of that country’s Chamber of Commerce were both focused, in large measure, on exploring trade and investment opportunities, which is among the issues that have featured in national discourses on the performance of the country’s economy and the prognosis for the future.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 725’s trading results showed consideration of $2,132,670 from 16,726 shares traded in 11 transactions as compared to session 724’s trading results, which showed consideration of $655,570 from 1,553 shares traded in 7 transactions. 

Market prices

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.

Parking meters ‘dead in the water’ – private sector source

Even as the Mayor and City Council (M&CC) has announced that it will allow the Metered Parking Committee until the end of July to conclude negotiations with the parking meter company Smart City Solutions (SCS), a well-placed George-town Chamber of Commerce and Industry (GCCI) source has told Stabroek Business that should the issue of the implementation of parking meters in the city surface again “in its present form” it will continue to face “stiff and aggressive objection” from much of the business community.

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