Business Editorial

Helping to salvage our stricken micro and small businesses

Our decision to lend an even higher level of editorial attention than we customarily do to micro and small businesses in the agriculture and agro-processing sectors has to do with the predicament that many businesses of these types find themselves in on account of the strictures that have arisen out of the COVID-19 pandemic.

COVID-19 and the survival of micro, small businesses

One of the more challenging assignments that will face the country once we begin in earnest to assess and seek to limit the extent of the damage that the coronavirus has inflicted on the business sector will have to do with creating some sort of blueprint for putting those various micro- and small businesses that have folded or faltered badly under the weight of the pandemic, back together again.

Political failure to address regional food security has to change

A recent assessment by the Food and Agriculture Organization (FAO) of the global food security situation – some aspects of which are reported in this issue of the Stabroek Business – strongly suggests that at least up until now and in the wake of the advent of COVID-19,  global supplies are holding their own even though, worryingly, longer-term availability threats still revolve around high prices as well as challenges associated with getting supplies to those regions where life-threatening shortages exist.

New tensions in the hemisphere?

There can be no mistaking the reality that the Trump administration in the United States is ‘going for the jugular’ against the administration of President Nicholas Maduro in Venezuela.

Our brightest star

If external assessments of Guyana hardly, if ever, fail to make reference to the country’s poverty-related deficiencies, arguably the most powerful boost from which our international image commonly benefits is our ability to feed ourselves and to provide for some of the food needs of other countries, notably our fellow Caribbean Community member countries.

Putting Guyana first

It would, one expects, not have been lost on the leaders of this nation and on the nation as a whole that the absence of an officially declared outcome to the March 2 general elections up to this time and the onset of the coronavirus are the two priority concerns and that the well-being of the country in all of its various respects is dependent on the satisfactory handling and the outcomes of both issues.

Improving SMEs’ access to support from local Business Support Organisations

Notwithstanding the fact that small and micro enterprises (SMEs) play an important role in the economic life of most countries, particularly in the instances of developing countries like Guyana, the history of the Business Support Organisations (BSO) in Guyana which includes the Private Sector Commission (PSC), has not, as a matter of policy, reflected in their pursuits, a commitment to providing sustained support for what we in Guyana deem to be small and micro enterprises.

Self-regulation and combatting the coronavirus

There was something  chillingly blunt about what appeared to be as much an admonition as a warning from the resident representative of WHO/PAHO, Dr William Adu-Krow, a few days ago, about what he appears to  believe has been a dangerously delinquent public response to the strongly recommended ‘social distancing’ urging in the face of the current rampaging coronavirus.

 Coronavirus: Fears and responses

It would appear, given the fact that there had already been reports of cases of the Coronavirus elsewhere in the Caribbean, that Guyanese, as we are  inclined to do in these situations, had pre-empted the arrival of the malady here.

Agro-processing rising

Evidence of the continual strengthening of links between the agricultural and agro-processing sectors is evidenced in the fact that, increasingly and as their financial fortunes become more favourable, agro-processors are beginning to examine the prospects of investing in modest agricultural plots, sufficient to cultivate crops that are tied to their agro-processing pursuits and perhaps to utilise whatever remains for their own purposes.

Small Business Bureau has made modest but indelible mark

A week ago today the Small Business Bureau (SBB) held its first ever Awards Presentation ceremony to recognize those small businesses which, with its help have been able to grow their enterprises to a level that had won them pleasing levels of recognition and patronage.

T&T investors and Guyana’s opportunities

This week’s disclosure that, in the period ahead, Guyana will be home to a US$75 million Marriott-branded hotel is probably not altogether surprising given what we are continually being told is likely to be the considerable levels of foreign investment that will come on the back of the emergence of our oil and gas industry.

RUSAL’s tyranny: Time to draw a line in the sand

By yesterday morning and arising out of the latest in an unending series of management/worker confrontations between the majority-owned Russian bauxite behemoth and its Guyanese workers, there had reportedly arisen a standoff between residents of the Aroaima community and armed police, the issue that spawned this turn of events being the earlier blocking and unblocking of the Berbice River in the area of Kwakwani.

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