Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 778’s trading results showed consideration of $999,900 from 1,111 shares traded in 1 transaction as compared to session 777’s trading results which showed consideration of $17,512,301 from 66,357 shares traded in 17 transactions.

Giftland boss wants ‘full disclosure’ on MovieTowne duty-free concessions

Amidst reports of complaints from Trinidad and Tobago businessman Derek Chin that the launch of the US$45 million MovieTowne Leisure and Entertainment Complex at Turkeyen has suffered delays on account of various government-erected bureaucratic hurdles,   including delays in the clearance of containers for which duty-free concessions were granted, Chairman of the rival Giftland Group Roy Beepat is again seeking information as to “what concessions and facilities were granted” to MovieTowne.

Emporium Investments aiming at new standards ethic in construction sector

Karni Paton and Sean Thompson, the husband and wife team that has established the Emporium Investments Bureau Inc in Guyana are seeking to, among other things, infuse an enhanced work ethic into the local construction sector, prepared, they say, to back their confidence in their ability to turn things around by offering extended warranties on the structures they deliver to their clients.

Jamaica moving to curb politicisation of state Boards

With governments in the region plagued by the practice of packing the Boards of state-run entities with their favoured political appointees, the present administration in Jamaica is moving to table regulations in the country’s National Assembly that will effectively de-politicise the Boards of public-sector bodies by, among other things, ensuring that a third of those appointed by a previous Minister or administration be carried over to a new Board.  

‘Greening’ looming larger in gold mining sectoral training

- June 21-22 forum addressing low cost alternatives to mercury

Global sectoral pressures associated with raising the safe-mining bar in the gold extraction sector is focusing increasingly on the role of the Guyana Geology & Mines Commission’s (GGMC) Mining School, according to the Head of the institution John Applewhite-Hercules. 

Kitco Market Data

Kitco Market Data Gold Prices for the three day period ending Thursday June 14, 2018

Politics and public/private sector relations

Relations between the public and private sectors in the economic sphere are generally considered – and justifiably so – to be essential to Guyana’s economic health, the reason being that while it is government that creates and provides the policy framework within which the private sector functions, it is the private sector by investing in economic initiatives that makes critical goods and services available, paying taxes and creating jobs that are, in fact, the engine of growth. 

Legacy projects must flow from extraction of non-renewables by foreign investors – Gouveia

Foreign investments in sectors that significantly exploit Guyana’s non-renewable resources should, “as a matter of course,” leave behind Guyana’s significant “legacy projects” that provide some measure of meaningful compensation for the fact that what they take away are wasting resources from which the country cannot hope to benefit again, a senior private sector functionary has told the Stabroek Business.

Critchlow Labour College working with T&T companies on Oil and Gas Academy

-MOU already signed

Having long established itself as a significant contributor to tertiary education in Guyana, the Critchlow Labour College is seeking to embrace the demand for training in the various disciplines associated with the country’s emerging oil and gas industry to rebuild its reputation as a major contributor to education delivery in Guyana.  

Kitco Market Data

Gold Prices for the three day period ending Thursday June 7, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Market Prices

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.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 776’s trading results showed consideration of $15,388,834 from 248,679 shares traded in 24 transactions as compared to session 775’s trading results which showed consideration of $5,712,760 from 28,110 shares traded in 6 transactions.

The agro processing sector: Seizing the moment

The Stabroek Business has, in recent weeks, focused a considerable amount of editorial attention on the collaborative efforts involving government, the Guyana Manufacturing & Services Association (GMSA) and the agro processing sector, through initiatives like the UncappeD events and the lobbying efforts taking place at the level of exchanges between GMSA and government officials.

GUYTIE replacing GUYEXPO

…as Guyana’s trade and investment showpiece

GUYEXPO’s protracted reign as the standard bearer for expanding exports and attracting investments into Guyana could come to an end later this year with the staging of the first offering of a new initiative, the Guyana Trade and Investment Exhibition (GUYTIE) from September 19-22.  

Company secretaries – adding value to organisations

Corporate governance - GCCI column

David Jackson, the Company Secretary of British Petroleum said in 2008 ‘In today’s world, the role of the company secretary has no one meaning and covers a multitude of tasks and responsibilities.

Differences over ExxonMobil contract should not impede readiness for oil and gas – Lincoln Lewis

-Kaizen, Apollo Global providing training with Critchlow Centre

Last week’s delivery of a two-day preliminary course in oil and gas at the Critchlow Labour College marks the inaugural initiative of the Critchlow Labour College in pursuit of the establishment of a Critchlow Centre for Oil and Gas, according to the Secretary to the College’s Board of Directors Lincoln Lewis.  

The Chin’s brand: Maintaining a high standard in the green seasoning market

Few locally manufactured food products are more popular than food seasonings and with more than a dozen brands of the product on the local market (to say nothing about the foreign brands that appear increasingly on the supermarket shelves) manufacturers are kept constantly on their toes if they are to keep pace with the competition. 

Mercury Emissions from Artisanal and Small-Scale Gold Mining

The Mercury Problem in Artisanal and Small-Scale Gold Mining Part two

In Artisanal and Small-Scale Gold Mining (ASGM), the amalgamation process, tailings processing, and gold recovery from the amalgam result in substantial release of mercury into the environment.

Kitco Market Data

Gold Prices for the three day period ending Thursday May 31, 2018

Getting it together: Public/Private Sector Relations

Over a protracted period of time the relationship between the Government of Guyana and the private sector as represented by the major Business Support Organizations has proceeded in fits and starts and if the truth be told the failure to see eye to eye has not always been on account of differences that have had to do with business and the economy.

GMSA pushing for 20% of agro-processed foods to come from local producers

The delegation representing the Guyana Manufacturing & Services Association (GMSA) says that one of the “immediate solutions” to the challenges facing the local manufacturing sector could be to have a greater share of public procurement sourced from local agro processors providing the product is available and of suitable quality and competitive price”.

Rice exports facing supply crisis

-Gov’t input needed to bring more lands under cultivation, says Nand Persaud CEO

The Head of one of the country’s leading players on the international rice market has told Stabroek Business that the expansion of Guyana’s rice sales on the international  market could come under serious threat unless the industry undergoes urgent expansion of lands for rice cultivation and modernization of other critical operational aspects of the country’s industry. 

Ministry of Business Column

Business Environment Reforms: A Ministry of Business Perspective

An accommodating business environment is one that encourages business efficiency and incentivizes innovativeness and increased productivity, two key sustainable development factors.

Kitco Market Data

Gold Prices for the three-day period ending Thursday May 24, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Agro–processing on the up and up

If the adage about one swallow not making a summer clearly applies to the recent initiatives by the Government of Guyana and the Guyana Manufacturing and Services Association (GMSA) to attempt to breathe new life into the country’s agro-processing sector, it would be churlish not to acknowledge the recent developments in the sector and what we should be reading into it.

Market Prices

(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.