The Private Sector Commission and the 2011 budget

The Private Sector Commission (PSC), in what it described as its “initial scoping of the budget impact” issued a press release on Tuesday headlined ‘PSC congratulates Minister of Finance, Government of Guyana on tax reforms’.

City Hall, government and the vending crisis

The chaos that has, for years, passed for vending in the vicinity of the Stabroek Market could not have been allowed to go on forever; pity indeed that it took an incident involving loss of life and multiple injuries to get the authorities to do something to address the problem.

Business Editorial – Gold

It comes as no surprise that Guyana’s gold industry outdid itself once again this year, topping 300,000 ounces for the second consecutive year and earning the country upward of US$346 million, reportedly, the best performance by the sector since the closure of Omai Gold Mines Ltd five years ago.

Cross border smuggling and the Berbice economy

Cross border smuggling is nothing new to Guyana and given our open and ill-protected entry points, restricting the practice requires a level of resources which the Government of Guyana has never quite been able to afford and will probably not be able to afford for a long time.

Sugar showdown

It would be by no means an exaggeration to state that this week’s hasty backing away by the sugar corporation from its threat to de-recognize the Guyana Agricultural and General Workers Union (GAWU) was a demeaning and undignified experience for the leadership of the company.

Consuming local

There used to be a time not so many years ago when much of what was consumed at Christmas was imported into the country from overseas.

Food in the future

Up until now the Caribbean Community (CARICOM) has seemingly not learnt many of the lessons of their continually spiralling food import bill and what appears to be the certainty of further increases in the prices of heavily consumed imported foods.

Sole-sourcing and the New GPC

It is by no means an overstatement to say that the refusal by the Ministry of Health to secure drugs for state institutions through public tender rather than persist with its sole-sourcing method that basically puts public funds into the pocket of the Guyana Pharmaceutical Corporation (GPC) without the company having to do much more than simply go out an acquire the drugs is highly improper.

Waiting for cheap energy

Agriculture Minister Robert Persaud has said that Guyana’s ambition of creating a strong agro-business sector is unlikely to be realized in circumstances where high electricity costs account for the lion’s share of overall operating costs.

Crop insurance and the agriculture sector

Part of the reason for local investor indifference to the agriculture sector has to do with the absence of risk management mechanisms in the sector.

Catalogue of corruption

The recently released Auditor General’s Report for 2009 reads – as it customarily does like a corruption catalogue.

Mr Badal’s point of view

As best as this newspaper can recall, no businessman, at least in recent memory, has chosen to talk back to government on any issue in quite the manner that Robert Badal has recently.

The miners, the criminals and the police

A few weeks ago we published an editorial that sought to draw attention to the fact that criminals appeared to be focusing more pointed attention on the mining areas in the interior of Guyana.

Production is only part of the challenge

Minister Robert Persaud’s recent remarks about the nexus between agricultural production and securing markets, particularly overseas markets for the food we produce, has, for more reasons than one, struck a responsive chord with this newspaper.

Textbook pirating fiasco warrants minister’s response

If, as has recently been reported in the media, the Ministry of Education is involved in the copying and distributing to state schools of textbooks published by overseas publishers without the knowledge and, by extension the consent of the Minister of Education, that in itself would be an unflattering comment on the manner in which the ministry is administered.

GuyExpo

Unquestionably, GuyExpo usually generates a considerable measure of public interest. Most of the major local private sector enterprises display their goods and services, there is some measure of participation by regional and international exhibitors and buyers in the event, it is usually opened with much fanfare by the President and crowds, large crowds of people make the journey to Sophia every day – mostly in the evenings – to witness and be part of the spectacle.

Setting a positive precedent: GT&T & TELESUR

Little if any public attention has been paid to the significance of the new US$60m submarine telecommunications cable for relations between the two South American Republics that share the cable and what this might mean for the bettering of a bilateral relationship which, over the years, has been blighted by a bitter controversy over borders.

The copyright conundrum

The Business Editorial Last Sunday, the Kaieteur News reported on the seemingly unstoppable trade in illegal reproduction and sale of text books and the impact of the practice on the viability of legitimate bookselling operations.