A firm contractual agreement between the state-run Cuban entity Alimport and the local rice milling giant Nand Persaud and Company paving the way for the imminent commencement of rice exports from Guyana to Cuba has now been signed and sealed, bringing to an end months of negotiations; a new chapter in trade relations between the two countries is on the horizon.
More than any of the various sectors comprising the Guyana economy, the manufacturing sector had been ‘marking time’ for several years.
The decidedly low-key programme executed by the Government of Guyana to mark National Cooperatives Week did much, if indeed anything more needed to be done, to underscore the cataclysmic decline of the movement over the decades since the then People’s National Congress administration promulgated cooperatives as the third sector of a tri-sectoral Guyana economy.
This is part of the International Labour Organisation (ILO) Cooperatives and the World of Work series.
The Guyana Bank for Trade and Industry (GBTI) has announced that it is now offering its customers a more advanced and secure transaction tool in the form of the EMV (Europay, MasterCard and Visa) chip card, a global standard for credit cards that uses computer chips to both authenticate and secure chip-card transactions.
Following on the heels of the conclusion of a major rice export contract with Cuba (see report in this issue of Stabroek Business) this newspaper has learnt of several other bilateral business agreements between Guyana and Cuba are currently in various stages of completion.
Stock market updates GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 732’s trading results showed consideration of $3,804,547 from 78,412 shares traded in 13 transactions as compared to session 731’s trading results, which showed consideration of $19,105,931 from 454,010 shares traded in 19 transactions.
(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) *Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.
When the University of Guyana’s (UG) School of Entrepreneurship, Business and Innovation throw open its doors at Turkeyen and Tain to students for the first time later this month, the institution will be beginning its ascent to new heights in pursuit of the relevance of the offering of the institution to the development of Guyana.
Stock Market Update GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 730’s trading results showed consideration of $544,235 from 636 shares traded in 3 transactions as compared to session 729’s trading results, which showed consideration of $2,566,808 from 69,314 shares traded in 9 transactions.
GASCI Summary of Financials Session 729 July 10, 2017
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 716’s trading results showed
Market Prices as at July 14 2017
Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
GASCI Summary of Financials Session 728 July 05, 2017
GASCI reports that session 728’s trading results
Market price as at july 07 2017
Guyana is one of several Caribbean countries seeking to strengthen trade and economic ties with Cuba in the wake of indications that the country is in the throes of liberalization.
Co-Founder of the Science, Technology, Engineering and Mathematics (STEMGuyana) initiative Karen Abrams has told the Stabroek Business that the response of young Guyanese to last Saturday’s first ever National Robotics and Technology Exhibition at the Cliff Anderson Sports Hall more than justifies both the government and the private sector throwing their full weight behind the project by providing various forms of support to help take it forward.
Increasing global awareness of the health value of coconut and its by-products is likely to push the worldwide consumption of coconut flour to around 850 tonnes by 2026 according to the United States market intelligence and consulting firm Future Market Insights (FMI).