Not enough attention being paid to renewable energy sources …GBTI Chairman

Says VAT has skyrocketed consumer price index With continually rising fuel prices driving up the cost of production and impacting negatively on the cost of living, Guyana is paying insufficient attention to the need to reduce its dependency on hydro-carbon fuels and to seek to realize the benefits of renewable energy alternatives, according to Chairman of the Board of Directors of the Guyana Bank For Trade and Industry (GBTI) Robin Stoby.

The Business Editorial

Where business interests and environmental imperatives Amidst our preoccupation with joining the rest of the international community to help save our planet from what is now widely believed to be the potentially devastating consequences of global warming, are we neglecting small but valuable opportunities to contribute to the protection of the environment right here at home?

Stock market updates

The market information provided here is provided for informational and educational purposes only and is provided on a time-delayed basis.

Editorial

Probing GPL The Chief Executive Officer of the Guyana Power and Light Company (GPL) Bharrat Dindyal has publicly admitted that the company is besieged by a plethora of problems most of which are long-standing, some of which are chronic and many of which will not be surmounted in the near future.

Essequibo farmers told of steps to cushion fuel cost

Minister of Agriculture Robert Persaud on Saturday met with Essequibo farmers at the Affiance Multi-Purpose Centre to inform them of steps being taken in the agriculture sector to cushion the effects of rising fuel costs and to maintain drainage systems in order to maximise production.

GBTI lends more than $11.2 bn in 2007

Excess liquidity continues to plague banking sector …Chief Executive Officer Chief Executive Officer of the Guyana Bank for Trade and Industry (GBTI) Radhakishore Sharma is upbeat about the immediate future of the Guyanese economy despite the impact of rising oil and food prices and a high inflation rate.

Pre-feasibility study for Linden/Lethem road started

Government started a pre-feasibility study for the Linden/Lethem roadway earlier this month in keeping with its efforts to develop the Guyana/Brazil road linkage by upgrading the Linden/Lethem route.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 247’s trading results showed consideration of $2,390,727 from 242,666 shares traded in 5 transactions as compared to session 246 which showed consideration of $1,581,307 from 134,121 shares traded in 14 transactions. 

IPED disbursed more than 5,000 loans valued $1.4 billion in 2007

Executive Chairman advocates local development bank to further encourage entrepreneurshipExecutive Chairman of the Institute for Private Enterprise Development (IPED) Dr Leslie Chin has told Stabroek Business that there is need for the creation of a development bank in Guyana to help stimulate entrepreneurial growth here.

Strategic Plan envisages foreign earnings from aquaculture matching sugar by 2015

A strategic plan for the expansion of the local aquaculture industry prepared by the National Aquaculture Association of Guyana (NAAG) and which has secured the backing of both the public and private sectors is seeking to guide the industry towards becoming Guyana’s leading economic sector by the year 2015.

The Business Editorial

Poor service standards A year ago we were in the midst of preparations for the arrival of visitors for Cricket World Cup.

Rise in food prices hits home

Karen Abrams holds an MBA from UC San Francisco. She is a Marketing and Small Business Consultant in the US and Caribbean.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 245’s trading results showed consideration of $568,410 from 51,284 shares traded in 7 transactions as compared to session 244 which showed consideration of $3,070,733 from 185,938 shares traded in 13 transactions.

The rising food prices – causes and consequences

Despite a period of sustained global growth, the world economy is now confronting an uncertain and difficult period threatened by rising food prices and even acute shortages in some countries.

“Made In China”

The “Made In China” phenomenon and its impact on both developed and developing countries is a long and complicated issue which requires more than 1000 words to adequately analyze.

Editorial – Bauxite dust

Concerns have been expressed among residents and organizations in Linden and at the level of the Environmental Protection Agency (EPA) over bauxite dust emission particularly on the western side of the Demerara River.

Bauxite dust problem at Linden triggers EPA intervention

Bosai directed to submit plans for alleviating the problem by month end The Chinese Bauxite Company Bosai has been given up to the end of this month to provide the local Environmental Protection Agency (EPA) with firm proposals for alleviating the worsening problem of dust emission from its bauxite operations at Linden.

Investors, government in fresh bid to end stalemate over disbursement of EU grant for second phase of Ogle Airport project

Government and the group of private aviators comprising Ogle Airport Inc. the company holding the lease for the development of the Ogle Aerodrome into a municipal regional airport may be moving closer to an agreement that could end the controversy over the release by the Ministry of Finance of the 1.5 million euro European Union (EU) grant for the development of the second phase of the airport upgrading project.

The Economic Partnership Agreement

There has been a spate of comments since the initialing of the Economic Partnership Agreement between the European Union and Cariforum.

Stock market updates

GASCI Summary of Financials Session 244 March 10, 2008Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

Stock market updates

GASCI (www.gasci.com/telephone N0 223-6175/6) reports that session 244’s trading results showed consideration of $3,070,733 from 185,938 shares traded in 13 transactions as compared to session 243 which showed consideration of $13,489,102 from 398,314 shares traded in 18 transactions.

Community concerns over bauxite dust trigger Bosai health intervention at Wismar

Dust collection system on stream for next year but more production could mean more dust this year Amidst evidence of growing concern over dust emission from the bauxite plont at Linden, an official of the Chinese mining company BOSAI has told Stabroek Business that the company is preparing to make health-related interventions in affected communities at the end of March.

Rice – Crisis in the industry

This column explores initiatives to improve the business climate of our nation and make Guyana Open for Business a reality.

Editorial

Corporate Social Responsibility Last Wednesday the Canadian High Commission in Georgetown hosted a forum on Corporate Social Responsibility (CSR), a concept that has gained considerable ground in recent years in the global discourse on the issue of desirable operating practices in the international corporate community.

One year after government undertaking

Finance Ministry still to release Tenders for 1.5m euro second phase of Ogle Airport project The consortium of local aircraft owners who hold a lease agreement with the Government of Guyana for the development of the Ogle Aerodrome has declined to comment on the possible reasons for the protracted delay in the release of funds provided by the European Development Fund (EDF) – and being administered by the Government of Guyana – for the second phase of the modernization of the facility.

An area of darkness

Few phenomena account more for the slow economic growth and the frustrations of normal domestic life in Guyana than our electricity supply system.

Government mum on aviation sector salary offer for qualified Flight Inspector

Airstrips, navigational aids, security, search and rescue capacity all deficient …Mekdeci The privately-run aviation sector is so concerned about what it says is the lack of qualifications and competence of the serving Flight Inspector at the Guyana Civil Aviation Autho-rity (GCAA) that it offered some months ago to meet the salary costs of a qualified replacement.

Agri Budget 2008 Fails the Industry

By Peter R Ramsaroop Overview Last week I started a short series on critical issues as it relates to our farmers and recommended major improvements in order for them to be able to strategically position themselves to improve their products, marketability and financial results.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 243’s trading results showed consideration of $13,489,102 from 398,314 shares traded in 18 transactions as compared to session 242 which showed consideration of $3,627,631 from 160,576 shares traded in 24 transactions.