Stock market updates

Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

New US$5m Polish-built M 28 Skytruck for Roraima fleet

Roraima Airways is awaiting final official approval before taking delivery of a new twin-engine passenger and cargo aircraft which Managing Director Captain Gerry Gouveia told Stabroek Business will significantly enhance the company’s local and regional air transport capabilities.

VAT not crime the biggest business headache this Christmas

President of the Georgetown Chamber of Commerce Colonel (retd) Carl Morgan has told Stabroek Business that the business organisation expects that VAT could impact significantly on sales volumes during the festive season.

The Venezuelan referendum

On Sunday, Venezuelans will vote in a national referendum on constitutional reform. If passed, the reform would, among other things, weaken property rights, limit freedom of expression, blur the lines regarding the separation of powers, greatly extend President Hugo Ch

Digicel wants GT&T to put liberalization terms ‘on the table’

Guyana continues to experience the single most vigorous marketing rivalry in the country’s commercial history as the Guyana Telephone and Telegraph Company (GT&T) and its rival cellular service provider, DIGICEL, continue their unrelenting rivalry for the ‘hearts and minds’ of the local cellular market.

Monitoring imports

The Guyana National Bureau of Standards and the Food and Drugs Analyst Department are two of the country’s more important monitoring agencies and in recent years the critical importance of their respective roles have become increasingly apparent.

Buying a Laptop

As a first time laptop buyer, you may already have some experience on desktop computers.

Open our borders to encourage skilled immigrants

Business drivers are tied to public policies in many ways. We constantly talk about reviving our nation’s economy, why we have so little foreign investment and why there is still so much poverty in our nation while smaller nations around us seem to thrive.

Region Eight mining transgressions

If the Guyana Geology and Mines Commission (GGMC) succeeds in making a case against the miners charged with illegally mining and destroying roads between Mahdia and North Fork earlier this year, the penalty for the offence could include the confiscation of mining equipment already impounded by the Commission, according to Acting Commissioner William Woolford.

Stock market updates

Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

CET Cement controversy still in limbo

TCL Guyana Inc., (TGI) a subsidiary of the TCL Group of Trinidad and Tobago, the leading supplier of cement in the region, is adopting a ‘wait-and-see’ position in relation to the Government of Guyana’s continued waiver of the 15 per cent Common External Tariff (CET) on cement imported from outside the region.

Venezuela’s audacity

Earlier this week the Venezuelan Embassy in Georgetown issued a statement giving itself a huge pat on the back over the delivery by Caracas of 16,000 barrels of gasoline and diesel in response to an appeal by the Government of Guyana.

My Business perspective

I recently served as Chairman of the Guyana Fire Advisory Board and on many occasions issues and topics were debated and decisions made by members of the Board.

The world is flat

My week started on Sunday evening with a 9pm skype conference call with one of my vendors in China.

Major projects in MMA scheme planned for 2008

Several major projects by the Mahaica, Mahaicony, Abary Agricultural Development Authority (MMA/ADA) are planned for implementation during next year, some of which are part of Phase II of the MMA scheme, said General Manager of the MMA/ADA Aubrey Charles, the Government Information Agency (GINA) reported .

Still no investor for Globe Trust six years after seizure

As the end of the sixth year without an investor draws to a close, the 6,000 to 7,000 depositors of Globe Trust and Investment Company Limited (GTICL) will yet again have to wonder if and when the court ordered restructuring of the entity will be completed.

Another scam to ‘gouge’ poor people

The disclosure by the Government Analyst Food and Drugs Department that retailers are mixing flour with powdered milk and offering the mixture for sale as pure powdered milk is one of those shameful and infuriating manifestations of a thoroughly corrupt commercial culture that has long been an occupational hazard of shopping in Guyana.

Businessmen join Granger-Luncheon security debate

Two local private sector businessmen have joined the debate on crime, security and the economy sparked by public comments made by former Guyana Defence Force Commander Brigadier (retd) David Granger and Cabinet Secretary Dr.

GT&T officials ‘talk up’ land-line telephone service

The “elaborate telecommunications” buildout undertaken by the Guyana Telephone and Telegraph Company (GT&T) since the signing in 1991 of an agreement with the Government of Guyana and Atlantic Tele Network (ATN) has completely revolutionized several critical sectors of the Guyanese economy and improved the quality of life in Guyana as a whole, according to the company’s Deputy General Manager, Public Communications, Terry Holder.

GT&T moving to reduce surrendering of land-line services by low-income customers

The Guyana Telephone and Telegraph Company (GT&T) is moving to put new measures in place in an effort to reduce the number of land-line telephone services being surrendered by low-income persons who find it difficult to afford retention of the service, according to the Company’s Director of Consumer Affairs, Pamela Briggs.

Unscrupulous retailers strike again as…

Consumer complaints that unpackaged powdered milk being offered for sale to consumers in shops and markets is being ‘mixed’ with flour to ‘push up’ the profit margins of shopkeepers and vendors have led to calls from the Government Analyst Food and Drug Department for the milk to be “bagged and labelled” before being sold to consumers.

Business Perspective

Stabroek Friday Business supplement is the only such publication in Guyana. For many of us in the business community, this is a key information tool on the business and economic climate of companies and the nation as a whole.

Georgetown Chamber of Commerce Column

Which place in Guyana do you enjoy doing business with, because it offers you the service that you, as a customer, expect and which you would like to see publicly recognized and honoured for its commitment to customer service?

Stock market updates

Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

Erosion of ACP Sugar Protocol

The IMF’s 2007 Regional Economic Outlook for the Western Hemisphere says the erosion of European Union (EU) trade preferences will cause Guyana to have a cumulative output decline of up to 6.5% by 2010 as the preferential sugar trade is phased out.

Editorial

Earlier this week the Georgetown Chamber of Commerce issued a press statement in which it expressed its concern over the likelihood that businessmen travelling through the Cheddi Jagan International Airport could become enmeshed in set ups associated with what the release suggests is now the prevalent practice of placing illicit drugs and other illegal items in the baggage of innocent passengers.

CARIFESTA presents an opportunity to boost heritage tourism

Executive Director of the Tourism and Hospitality Association of Guyana (THAG) Maureen Paul believes that Guyana’s hosting of next year’s Caribbean Festival of Arts (CARIFESTA) provides the tourist industry with an important opportunity to promote the local tourist industry through the Heritage Tours that allow visitors to experience first hand the cultural diversity of the country.

Some local tour operators facing insurance pressures

The ability of local nature resorts to secure potentially lucrative agreements with overseas tour operators that could both boost their earnings and increase the number of visitors to Guyana is being hampered by the reluctance of the insurance industry to grant adequate insurance cover to the resorts, according to information reaching Stabroek Business.

Stock market updates

Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

No respite in war of words over GT&T monopoly

In a move that points unerringly to DIGICEL’s determination to sustain its public criticism of the monopoly on international voice and data traffic held by the Guyana Telephone and Telegraph Company, Chief Executive Officer of the local DIGICEL operations Mark Linehan told media representatives on Tuesday that the monopoly continued to serve as a disincentive to investment in the Guyana economy.

A measure of what we have become

Last Friday Stabroek Business published an article based on an interview with a city businessman in which he expressed a number of views about the role which he believed employees play in robberies committed on business places.

Travel through Timehri “a hassle”…Aviation official

The quality of passenger service by the various service agencies operating out of the Cheddi Jagan International Airport, Timehri is “in urgent need of considerable improvement” if visitor arrivals to Guyana are to increase, according to a local aviation official.

Scrap Metal Association rift deepens Cave removed as Technical Director

What appears to have been a brief internal power struggle for control of the Guyana Scrap Metal Dealers Association (GSMDA) has ended with the removal of Malik Cave as the Association’s Technical Director and the re-election of scrap dealer Percy Cole as Chairman.