Progressive developments in agriculture

After the recent stories about the modest success that has been realized in our attempt to begin to substitute the country’s potato and onion imports with higher levels of local production we are now being told by the National Agricultural Research and Extension Institute (see story in this issue) that sufficient work has been done in terms of research into farming techniques and the varieties that are best suited to local conditions to give rise to the likelihood that locally cultivated  carrots, as well, a few years down the road, will save us further amounts of foreign exchange.

The 20% state contracts allocation for small businesses

This newspaper’s most recent updates on the provisions contained in the Small Business Act for the allocation of twenty per cent of state contracts to local small businesses provided by Minister of Business Dominic Gaskin and Chief Executive Officer of the Small Business Bureau Dr.

The time may be right for public/private sector ‘summit’

In the space of a week, two of the country’s more Important Business Support Organizations (BSO’s) the Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) held their Annual General Meetings, the forum at which, among other things, opportunity is provided, through the presentations of the respective Presidents, to get a sense of where the business community is headed and perhaps more importantly in our circumstances to learn more from the standpoint of the respective umbrella organizations about the challenges confronting them in the course of their private sector advocacy effort.

Economic diplomacy

What now appears to be an emerging trend towards a modest breakthrough for the local rice industry on the Cuban market is a sign, albeit a modest one, that some inroads are being made to attempt to compensate for what was once a considerable market in Venezuela.

Thinking Agriculture

This is one of those ‘seasons’ when our municipal market are at their brilliant best, bursting at the seams with fresh fruit and vegetables at prices that bring out throngs of shoppers and generate the kind of bulk buying that gives rise to long periods  of food storage.

JAMPRO’s disclosures about global fruit market: Lessons for Guyana

One of the salutary features of the work of JAMPRO, Jamaica’s trade and investment arm, one of whose tasks is to globally check out and report on such external market and investment opportunities as might benefit Jamaican businesses is that its work has left a discernable mark on the country’s export sector.

Oil and pragmatism

One of the regrettable features of the unfolding discourse on Guyana’s oil find and its implications for the country’s future has been the shift in the focus of the public discourse from the portents of becoming an ‘oil economy’ for the development of the people and the enhancement of the welfare of the people to the issue of the division of the spoils between Guyana as the owners of the resource and the entity that undertook the investment and the risk associated with confirming the presence of oil and undertaking the recovery effort.

Security services and outrageous exploitation of guards

The reported brouhaha over the alleged two-month gap in the payment of salaries to security guards providing services at state locations in Region Five would appear to point to the persistence of an entrenched practice of employer exploitation of security guards by private contractors providing service at state institutions.

Oil and gas: Complexities and public enlightenment

It is hard to think of any national issue that has secured more traction with the populace over the past two years than the issue of the discovery of oil offshore Guyana and the processes involved in recovering and exploiting the commodity for the nation’s benefit.

The Small Business Bureau…going forward

The materialization of a report that allows some insights into the performance of the much vaunted Small Business Bureau in terms of its role in kick-starting a transformation in the small business sector finally allows us the opportunity to evaluate what it has accomplished so far, what some of its failings are and what sorts of adjustments/corrective measures it might take.

Implementing 20% of state contracts to small businesses

It is widely believed that if smoothly implemented and scrupulously monitored the actualization of the provision in the Small Business Act of 2004 for a 20% allocation of government’s “goods and services” contracts to small businesses could make a major, positive difference to the country.

City Hall’s helplessness in another potentially emerging crisis

The breathing space afforded City Hall in the wake of central government’s intervention to liquidate the City’s indebtedness to Cevons Waste Management and Puran Brothers and to foot the bill for services up to the end of December last year, is over.

Strengthening Guyana/Brazil economic relations

It would be entirely fair to say that successive political administrations in Guyana have, over time, continually squandered what, unquestionably, have been glaring opportunities to take advantage of the fact that Brazil, by far this continent’s largest country with the biggest economy, shares a border with us.

Influence peddlers ‘touting’ for would-be investors

During an extended discourse with the Stabroek Business on Wednesday, Minister of Business Dominic Gaskin went to some trouble to make the point that the APNU+AFC administration was particularly keen to provide a convivial environment within which to attract investor attention and (in the presence of Go-Invest Chief Executive Officer, Owen Verwey) made the point that one of his Ministry’s priorities was to properly position and equip Go-Invest to provide the various services associated with investor inquiries.

Scaling down the sugar industry

The pragmatism associated with the decision to significantly scale down the size of a sugar industry which has become a significant financial strain on the rest of the economy and on the country as a whole cannot gainsay the hardships at individual, family and community levels that will accrue from the alarming levels of job losses, some of which have already been announced.

Gold

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.

Domestic market access for local small scale manufacturers

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.

Worthwhile manufacturing efforts deserve greater market access

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.

Oil and Gas: Local Content and the Public Interest

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.

Public/private sector relations in a discomfiting political temperature

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.

Agro-processing

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.

Local Content Policy

As 2020 draws closer the learning curve associated with Guyana becoming an oil and gas country will become steeper.

Uncapped

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.

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).

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.