Early in 2016, Natural Resources Minister Raphael Trotman raised eyebrows in the country when he declared that the amount of gold being smuggled out of Guyana amounted to around 15,000 ounces weekly.
As is one of our more important editorial roles, the Stabroek Business has continually provided a measure of exposure for emerging businesses of various types that are still to meet the stage where they can afford to adequately market their ventures.
One of the stories published in this issue of the Stabroek Business recounts the persistence in the face of considerable obstacles of a young mother and budding entrepreneur who would appear to have chosen a business path that aligns with her academic studies and her work experiences and who, in her exchange with this newspaper, served as a voice for a considerably larger number of small and medium sized manufacturers whose enterprises continue to be squeezed by constraints which, given the application of the appropriate initiatives, are eminently remediable.
Like so many other institutions and individuals in Guyana the Stabroek Business has been observing local developments at both the public and private sector levels as well as the contemplations of public commentators in the matter of what now appears to be the imminent commencement of the exploitation of oil and gas in Guyana’s territorial waters beginning in 2020.
The coincidence between what had appeared to be some distinct signs that the frosty relationship between the APNU-AFC administration and the private sector might have been moving in the direction of a gradual thaw and the recent sudden and dramatic reversal occasioned by the announcement by President David Granger that Justice James Patterson was his choice to be the next Chairman of the Guyana Elections Commission is worrying in more ways than one.
The weaknesses in the local agro-processing sub-sector have, over the past year or two, secured increasing traction as a talking point at various fora.
As 2020 draws closer the learning curve associated with Guyana becoming an oil and gas country will become steeper.
There are a whole host of reasons why Guyana’s agro processing sector has been unable, up until now, to deliver to anywhere near its fullest potential.
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).
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.
This week’s departure of a consignment of local rice for Cuba lends continuity to a series of developments in business relations between Guyana and Cuba which would appear to be heading in the right direction.
Arising out of an aggressive lobby by small miners some of whom complained of being hostage to a regime of exploitative landlordism under which they were compelled to mine gold on lands controlled by the ‘big players’, we have witnessed, recently, the emergence of Mining Syndicates, essentially cooperatives that bring together groups of small miners to ‘work’ areas of land allocated to them by the Guyana Geology & Mines Commission.
There appears to be a real sense of enthusiasm amongst the leaders of the Guyana Manufacturing & Services Association (GMSA) whom this newspaper met with earlier this week to discuss issues affecting the growth and development of the sector.
Coming from one of the more high-profile executives of the Guyana Manufacturing & Services Association (GMSA) there was an uncharacteristic frankness to Mr.
Like so many other key service departments within the state sector the Government Analyst Food & Drugs Department (GAFDD) continues to be afflicted by a chronic scarcity of capacity and resources to effectively execute its mandate, a circumstance that has been due, in large measure, to the indifference of government to incrementally upgrading its capabilities.
It is not our opinion that City Hall, on its own, intends to enter into an arrangement that allows for an expeditious settlement of its debts to its waste disposal contractors.
Every year, small intrepid bands of local businesspeople – mostly from the art and craft, jewellery and dress design industries – show up at the local expos – GuyExpo, Berbice Expo and Essequibo event, among others – and make their way to trade shows mostly in the region, bringing with them modest consignments of the goods they have to offer in the hope that their goods will find favour with the market.
The Stabroek Business has, on quite a few occasions, raised the issue of the constraints affecting the growth of the agro processing sector, not least the inability of cottage industry operators to secure financing for expansion, the scarcity of modern processing infrastructure, which limits agro processing largely to domestic kitchen operations and of course the underdevelopment of the packaging and labelling industry and the impact of these on the competitiveness of local agro produce.
More than any of the various sectors comprising the Guyana economy, the manufacturing sector had been ‘marking time’ for several years.
If President Donald Trump’s move to slow the pace of the thaw in relations between Washing-ton and Havana initiated by his predecessor was intended in any to dim the enthusiasm of Caricom countries keen to strengthen their own ties with Cuba in what these days is a discernably liberalized economic environment, that ploy has simply not worked.
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.
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.
Arising out of the media briefing earlier this week by Chief Inspector of the Guyana National Bureau of Standards (GNBS) Mr Shailendra Rai, we now know that hundreds of measuring devices including scales, masses and rulers that have not been verified as reliable and accurate were being employed to weigh and otherwise measure quantities in the business sector.
Our decision to embark on a series of articles on food safety particularly as it relates to street vending derived from informal discussions with a handful of readers, insights secured from the usually helpful Director of the Government Analyst Food and Drug Department (GAFDD) Mr Marlan Cole and what one might call street observations by writers.
A review of the performance of the “other crops” sector for the first four months of this year prepared by the National Agricultural Research and Extension Institute (NAREI) painted what, from all appearances, was a justifiably glowing picture of the yield from commonly used greens, vegetables and fruit in Guyana.