Business

The new multi-million dollar Mattai Food Market officially opened a week ago today provides, perhaps above everything else, encouraging signs of a measure of investor confidence in the country’s economy at a time when the soundings from local Business Support Organizations (BSO’s) are by no means excitedly upbeat.

Managing Director of the local consulting company CERULEAN, Lindel Danzie-Black has told the Stabroek Business that business relations between Guyana and China must, at the earliest possible time, begin to proceed on a paradigm shift that banishes the notion that those relations are only sustainable on the basis of Guyana’s role as an importer from the global manufacturing giant.

A year into owning and operating what is almost certainly the first local company to manufacture such a broad range of detergents and sanitizers, Melissa Younge readily admits that her efforts to secure significant market recognition against a product base long dominated by better-known foreign brands has been no proverbial ‘walk in the park.’

Come December 1, Republic Bank (Guyana) Limited celebrates the 180th Anniversary of its operating presence in Guyana and a release from the Bank issued earlier this week highlighted the high points of its operations here, ranging from its humble start in 1836 with the founding of the British Guiana Bank in November of that year, to its contemporary significant operations under the name  Republic Bank (Guyana) Limited from twelve locations across Guyana in Berbice, Essequibo, East Bank Demerara, East Coast Demerara, West Coast Demerara, Georgetown, Linden and Lethem as well as what the management says are “plans for further expansion, providing a range of financial services for every stage and phase of life.”

(Trinidad Guardian) Bring your platform blueprints and come. That’s Prime Minister Keith Rowley’s invitation to BP, seeking to have the company build its Cassia oil drilling platform in La Brea.

(Barbados Nation) Barbados was one of the destinations taking centre stage at Sandals Resorts International Overdrive Unveiling Tour which travelled to over 21 cities in North America, the most recent of which were Toronto and Montreal, reaching a combined audience of nearly 750 Canadian travel agents.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 748’s trading results showed consideration of $1,305,450 from 2,901 shares traded in 5 transactions as compared to session 747’s trading results which showed consideration of $29,974,843 from 820,991 shares traded in 11 transactions.

One of the stories published in this issue of the Stabroek Business recounts the persistence in the face of considerable obstacles of a young mother and budding entrepreneur who would appear to have chosen a business path that aligns with her academic studies and her work experiences and who, in her exchange with this newspaper, served as a voice for a considerably larger number of small and medium sized manufacturers whose enterprises continue to be squeezed by constraints which, given the application of the appropriate initiatives, are eminently remediable.

(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.

What had appeared for several months to have been sharp differences between the Ministry of Natural Resources and representatives of mining syndicates over land allocation that had effectively stalled the commencement of work by the country’s first group of gold-mining cooperatives now appears to have come to an end following an encounter between the miners and Minister of Natural Resources Raphael Trotman.

While there are signs that talks on the huge debt owed by the city to Puran Brothers and Cevons Waste Management have been bearing fruit, dissonance continues even as the garbage crisis in the capital may be worsening.

Like so many other institutions and individuals in Guyana the Stabroek Business has been  observing local developments at both the public and private sector levels as well as the contemplations of public commentators in the matter of what now appears to be the imminent commencement of the exploitation of oil and gas in Guyana’s territorial waters beginning in 2020.

The Guyana Mining School and Training Centre Inc.,in partnership with its stakeholders and supporting training partners, has begun training more than thirty five young adults in disciplines relating to the application of STEM (Science, Technology, Engineering and  Mathematics) to the exploration component of  upstream oil and gas operations.

Gold Prices for the three day period ending Thursday November 16, 2017 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

With good grades in English Language and Mathematics increasingly being touted as a critical doorway to higher education and meaningful employment paths in Guyana,” the Georgetown-based JTW Management Institute has launched the City and Guilds of London and English and Mathematics certificates as what the Institute’s Director Jocelyn Williams is describing as a “second chance” for CSEC students and young school leavers.

Stock market updates  GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 747’s trading results showed consideration of $29,974,843 from 820,991 shares traded in 11 transactions as compared to session 746’s trading results which showed consideration of $6,762,950 from 63,504 shares traded in 7 transactions. 

(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.