Business

The efforts of the Ministry of Natural Resources attended by external support notwithstanding, the Government of Guyana still considers the phenomenon of gold smuggling to be seriously injurious to the country’s economy and in his recent 2018 budget presentation to the National Assembly, Finance Minister Winston Jordan set out the APNU+AFC administration’s proposals for helping to address this problem.

aNatural Resources Minister Raphael Trotman has disclosed three key objectives which the Government of Guyana will be pursuing in 2018 to consolidate its capacity to effectively service a modern oil and gas industry including a national oil company which will be charged with responsibility for overseeing the country’s commercial interest in the sector.

Against the backdrop of longstanding concerns over a dire shortage of job opportunities in hinterland communities, government has disclosed plans in the 2018 budgetary proposals for a $200 million investment in the Hinterland Green Enterprise Development Centre at Bina Hill in Region Nine which, according to Finance Minister Winston Jordan, seeks to focus on areas of training “that leverages indigenous and traditional knowledge and drives upstream demand for local products and services.”

These days, there are unmistakable indications that Mahdia is busying itself preparing to embrace the township status that beckons.

Five months after the University of Guyana’s School of Entrepreneurship and Business, (SEBI) was launched, Dean of the new institution, Guyanese-born Professor Leyland Lucas has told the Stabroek Business that some of the challenges that repose in ensuring that the institution delivers on its mandate repose in the fact that “it is different.

Early in 2016, Natural Resources Minister Raphael Trotman raised eyebrows in the country when he declared that the amount of gold being smuggled out of Guyana amounted to around 15,000 ounces weekly.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 750’s trading results showed consideration of $166,994,000 from 4,550,110 shares traded in 5 transactions as compared to session 749’s trading results which showed consideration of $125,617,908 from 3,516,258 shares traded in 10 transactions. 

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

The roles of the Guyana Office for Investment (Go-Invest) and the Small Business Bureau (SBB), two state agencies that have previously come under critical performance-related scrutiny have been highlighted in Finance Minister Winston Jordan’s 2018 budget presentation for their respective roles in investment facilitation and enabling the growth of small and micro enterprises.

The customary private sector responses to government annual budget proposals have again reflected a mix of praise and criticism with the latter, in the instances of both the Guyana Manufacturing & Services   Association (GMSA) and the Georgetown Chamber of Commerce and Industry (GCCI) taking precedence over the former.

As is one of our more important editorial roles, the Stabroek Business has continually provided a measure of exposure for emerging businesses of various types that are still to meet the stage where they can afford to adequately market their ventures.

Much of the evidence of the steady growth of Guyana’s manufacturing sector, particularly its agro-processing sector, is to be found on the display shelves of the Guyana Marketing Corporation’s Guyana Shop at the corner of Robb and Alexander streets.

By Karen Abrams In most developing economies, fostering innovation depends on developing a culture of creativity, curiosity, grit and problem solving among citizens, but it also depends heavily on the presence of solid ICT infrastructure upon which enterprising entrepreneurs and innovators can then build to provide cost effective, competitive goods, services and solutions to the local, regional global marketplace. 

Gold Prices for the three day period ending Thursday November 30, 2017Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

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

Amidst the heralding of developments in an industry awakened by an invigorating and informative Festival last year October, the real groundwork required for a solid foundation for the coconut industry is proceeding with less fanfare.