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.

E-commerce forcing out local businesses

(Jamaica Observer) – “To be honest, we were forced to. Sometimes you change things because you foresee things or because you are forced to,” said Ueli Bangerter.

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.

Kitco Market Data

Gold Prices for the three-day period ending Thursday June 15, 2017 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

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.

Environment vs economy

Balancing the imperative of economic development against the responsibilities of environmental mindfulness will, in the period ahead, be one of the biggest challenges that Guyana will have to confront. 

Local women’s business group to participate in July Montego Bay MSE forum

The Guyana Chapter of the Women’s Entrepre-neur-ship Network (WEN-G) has responded positively to an invitation from the Small Business Association of Jamaica to attend the July 19  – 21 Inaugural Caribbean Micro, Small and Medium Enterprises (MSEs) Conference in Montego Bay, President of the local Chapter Junette Stewart has told Stabroek Business.

Region Nine farmers, agro-processors get cost-of-production training

– but sectoral challenges still loom large

Even as hinterland communities face challenges in the quest to transform their agricultural initiatives into profitable business ventures, the Ministry of Agriculture has stated that the Guyana Marketing Corporation (GMC) in collaboration with the Canada-backed Promotion of Regional Opportunities for Produce through Enterprises and Linkages and the Inter-American Institute for Cooperation in Agriculture has completed a Cost-of-Production Workshop at St Ignatius Village that targeted farmers and agro-processors in Region Nine.

Guyana Marketing Corporation

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Defective scales and the GNBS

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.