Business

In the space of a week, two of the country’s more Important Business Support Organizations (BSO’s) the Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) held their Annual General Meetings, the forum at which, among other things, opportunity is provided, through the presentations of the respective Presidents, to get a sense of where the business community is headed and perhaps more importantly in our circumstances to learn more from the standpoint of the respective umbrella organizations about the challenges confronting them in the course of their private sector advocacy effort.

(Jamaica Observer) The police raided two stores operated by Chinese in downtown Kingston on Wednesday and seized what they described as fake brands valued at more than $300 million.

Asserting that the growth of the country’s manufacturing sector is inextricably linked to the creation of a stable and reliable electricity supply, Minister of State Joseph Harmon on Wednesday told the Annual General Meeting of the Guyana Manufacturing & Services Association (GMSA) that the APNU+AFC administration is currently engaged in discussions that could likely lead to the commercial use of natural gas from the country’s offshore resources as “a transitional fuel for Guyana’s economy.

The continuity of the UncappeD initiative, described by Guyana Manufacturing & Services Association (GMSA) President Shyam Nokta  as the Association’s “signature” agro processors initiative has won the backing of ExxonMobil.

My position managing a garment factory has easily been my most stressful job to date.

Strathspey on the East Coast of Demerara is home to a skillful craftsman who has been building a reputation in the creation of eye-catching furniture for more than two decades.

With the local rice industry keen to maximize such opportunities as may arise to secure replacements to help compensate for the loss of the Venezuelan market under the PetroCaribe arrangement, Cuba, an importer of around 500,000 tonnes of rice annually, could emerge as a key replacement market for Guyana’s rice industry.

Even as the local co-operative movement seeks to recover from its decades of doldrums, not least its countless failed and abortive excursions into start-stop business ventures that have left groups across the country in a condition of acute disappointment, a University of Guyana business Professor insists that there is a way back for the sector.

Roopan Ramotar retains a generous measure of optimism about the long-term outcome of his investment in the coconut industry notwithstanding what, up until now, has been his failure to break into the regional coconut water market.

This year, perhaps more than at any time in its previous ten years of the event’s existence, the unceasing insistence by Roraima Group of Companies CEO Gerry Gouveia’s that his company’s annual Wedding Expo is underpinned by a significance that goes beyond the glitz and glitter of an exotic wedding ceremony for some hitherto unknown couple was in evidence.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 766’s trading results showed consideration of $3,244,000 from 4,438 shares traded in 9 transactions as compared to session 765’s trading results which showed consideration of $3,219,150 from 4,467 shares traded in 3 transactions.

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)

What now appears to be an emerging trend towards a modest breakthrough for the local rice industry on the Cuban market is a sign, albeit a modest one, that some inroads are being made to attempt to compensate for what was once a considerable market in Venezuela.

Gold Prices for the three day period ending Thursday March 29, 2018

Prospects for the immediate-term fortunes of local rum manufacturers Demerara Distillers Ltd, in the light of what the company sees as a backing away from global free trade is likely to be one of the critical areas of interest, going forward, company Chairman Komal Samaroo says in the recently released 2017 annual report.

“While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.

Against the backdrop of protracted public and private sector prevarication over the taking of steps to cater for the United States’ Food Safety Modernization Act (FSMA), a US diplomat here has dropped a broad hint that unless local companies whose ambitions extend to securing traction in the US market get their houses in order, they are likely to find themselves out in the cold.

By Leyland M. Lucas In the late 1990s, Guyana signed an Oil and Gas exploration agreement with Exxon’s subsidiary, EEPGL.