GT&T pushing ahead with rural remote radio telephone service

The ongoing programme by the Guyana Telephone and Telegraph Company (GT&T) to provide remote rural communities with radio telephone services is creating a significant transformation in the lives of residents of those communities, according to Allison Parker, the Company’s Public Relations Officer.


Although the Guyana Small Business Associa-tion (GSBA) deserves a measure of credit for putting together the recent forum at which the President of the Small Enterprising Business Association (SEBA) of Trinidad and Tobago Jonathan Adams made an enlightening presentation on the role that small business plays in that country, the fact that the forum attracted no more than a handful of people, many of whom cannot be described as small business owners in the true sense of the word, was a disappointment.

Guyana – The Green Anchor

Given this is Agriculture month; I thought it appropriate to re-address a topic I have discussed many times in this column, that Guyana has the capacity as a nation to feed the entire region.

GT&T’s corporate conscience targeting financially challenged students, educational institutions -Parker

The Guyana Telephone & Telegraph Company (GT&T) continues to combine its contractual obligation to expanding and modernizing the telecommunications sector infrastructure in Guyana with a corporate commitment to utilizing the technological and other resources at its disposal to improve the quality of education in Guyana, according to Allison Parker, the company’s Public Rela-tions Officer.

Caribbean can take little comfort from faltering US ethanol market

Even as Caribbean countries contemplate the likely future impact of ethanol on their predominantly oil-importing economies, the United States may already be pondering the fate of the fuel which just recently was being regarded as a solution to any future global oil crisis.

Against Difficult Odds: Women in Business in Guyana

Business and entrepreneurial pursuits have always been viewed as belonging to the exclusive purview of men, while women were relegated to the “domestic track.” Those women who did manage to find jobs and start their own businesses found that the barriers erected to prevent them from succeeding were much higher than that of their male counterparts.

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.

UN-designed business support forum to host October 10 – 11 Workshop on marketing in the US

Managing Director of EMPRETEC – Guyana Judy Semple-Joseph has told Stabroek Business that the organization’s October 10- 11, 2007 Marketing Practice Workshop seeks to provide a unique opportunity for small and medium-sized enterprises in Guyana to build marketing bridges with the region and with the United States and to enhance the marketing prospects of those enterprises where such prospects already exist.

Maritime boundary ruling

As Guyanese and Surinamese both contemplate the implications of the award that has effectively settled the long-standing maritime dispute between the two South American Republics, officials in both George-town and Paramaribo appear optimistic that the demarcation of the maritime jurisdiction of the two countries significantly enhances their respective prospects of economically significant oil finds.

Marketing Guyana’s agricultural potential in the region

The news that Guyana’s prospects of a commercially viable oil find may have risen in the wake of the International Tribunal on the Law of the Sea (ITLOS) arbitral award in Guyana’s maritime dispute with Suriname passed with little public fanfare here.

Guyana/Suriname Arbitral Award: Conclusion

Last week’s column dealt with the award to Guyana by the Arbitral Tribunal of the UN of maritime territory which had been a cause of dispute between Guyana and its neighbour and CARICOM partner Suriname, an area considered as having probable oil resources.

First ever regional small business trade fair to be staged in Trinidad next month

Small business enterprises in Caribbean Community (CARICOM) territories will be offered an important opportunity to take their goods and services to a single regional marketplace when the first ever Caribbean Small Business Trade Fair and Exhibition is held in the twin-island republic from November 10- 17, this year.

Stock market update

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

Business Editorial

For all the various challenges that confront Banks DIH Ltd the company continues to exude an aura of confidence and optimism that ought to serve as a source of encouragement to local entrepreneurs in a society where doing business can be fraught with difficulties.

Customer Service

With Cricket World Cup coming in a few months, our businesses customer service will be tested for the first time by the international community on a large scale.

Banks Barbados, Banks DIH Ltd collaborate to launch new energy drink

Banks Barbados Head Brewer Steven Gittens has told Stabroek Business that his technical role in supporting the brewing exercise prior to last Friday’s launch by the local company of the new energy drink Plus Energy breaks new ground in a long history of cooperation between the two companies.

Linden Town Week to go ahead! Returning Lindeners could spend US$1m …Linden Fund, USA Chairman

In the wake of the ongoing controversy governing the staging of the Linden Town Week 2007 Stabroek Business has learnt that the Interim Management Com-mittee of the Linden Mayor and Town Council will assume overall management responsibility for the running of the Town Week programme but that various private organizations will be invited to submit bids to finance and run individual events comprising the programme.

Bryden & Fernandes Inc. looking to ‘take on’ more distributorships in 2007

Like most local business houses contemplating the implications of the January 1, 2007 introduction of the new Value Added and Excise Tax, Bryden and Fernandes Inc, one of the country’s largest distributors of household and food products is cautious about its business projections for the year ahead.

Pre-World Cup city cleanup: “We’re cutting it fine,” Lewis

With Cricket World Cup 2007 now just two months away the financial crisis gripping the Georgetown City Council continues to cast a huge pall of uncertainty over the likely success of what is clearly a “last ditch” effort to at least render the capital presentable for the Guyana leg of the world’s largest international cricket tournament.

VAT: Lowering consumer costs is the highest priority

Although the government had said prior to the implementation of Value Added Tax (VAT) that the initial phase of the exercise was unlikely to pass without some hiccups, one wonders whether even the Guyana Revenue Authority (GRA) had anticipated the widespread and animated public response and the level of general concern that has ensued.

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.

VAT fallout

Earlier this week the Guyana Revenue Authority and sections of the local private sector- specifically the Georgetown Chamber of Commerce- clashed head-on over the implementation of the new Value Added Tax (VAT) with both sides trading accusations about the veracity of each other’s actions.

Banks DIH group profits for 2006 down from $823m to $781m

Chairman of Banks DIH Ltd Clifford Reis says in his report on the performance of the company for the year ended September 30, 2006 that the failure of the Government of Guyana to honour its obligations for the repayment of bonds to Citizens Bank Guyana Inc was the primary reason for the less than anticipated level of after tax profit achieved by the bank in 2006.

German US$10,000 grant to push local bee keeping industry

The third phase of a project initiated by Prime Minister Samuel Hinds that seeks to create a commercial honey-producing capacity among residents of the Upper Mazaruni has been completed according to Project Coordinator Linden Stewart.

ICTs in Government Pt. II

Last time we saw that Government initiatives to automate and streamline its services fell into three classifications viz., those initiatives aimed at ordinary citizens or for short G2C initiatives, those that addressed issues related to business called G2B and lastly those referred to as G2G, which foster communication and between government agencies themselves in an effort to improve efficiency and provide better service.

Where is your Business?

Basically, every organization, from a one person start-up to multibillion dollar conglomerates, is at some phase of a business growth or development cycle.

Town Week impasse could rob Linden of much-needed economic activity

The controversy between the Interim Management Com-mittee of the Linden Mayor and Town Council and the Kashif and Shanghai Organization over the payment to the Council of fees for the staging of the 2007 Linden Town Week may rob the entire community of the economic benefits that could derive from the successful staging of the event, according to Director of the Kashif and Shanghai Organization Kashif Mohammed.

Non-traditional agri exports up slightly

Exports of non-traditional agricultural produce increased last year over the previous year by 165 tonnes contributing US$6 million ($1.2 billion) to the country’s export earnings.

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.

Reversal of IAMGOLD bauxite sale to Bosai unlikely – source

A former senior official in the local bauxite industry has told Stabroek Business that it is unlikely that the Government of Guyana can do a great deal to reverse the recent sale by IAMGGOLD of its 70 per cent stake in the bauxite operations at Linden to the Chinese mining giant Bosai.

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.