Business

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1033’s trading results showed consideration of $6,676,363 from 19,197 shares traded in 27 transactions as compared to session 1032’s trading results, which showed consideration of $17,865,642 from 32,930 shares traded in 25 transactions.

Arguably the most worthwhile takeaway from the recent visit by the President of the Georgetown Chamber of Commerce and Industry (GCCI) President, Kester Hutson, to India to attend the August 3-4 Ninth CII India-Latin America and the Caribbean Conclave under the theme ‘Furthering Economic Partnerships for Shared & Sustained Growth’ was the profusion of ideas which the visit yielded for the shape of Guyana’s economic diplomacy, going forward.

On the heels of the disclosure made during his presentation at the  Thursday August 3, Dinner and Awards Ceremony that the Guyana Manufacturing & Services Association (GMSA) would be seeking to engage government on the issue of ‘a seat’ at the ‘table’ of the state-run Small Business Bureau, GMSA President Ramsay earlier this week told the Stabroek Business that arising out of engagement with government on the issue, he will be meeting shortly with Vice President Bharrat Jagdeo and Senior Minister within the Office of the President with Responsibility for Finance, Dr.

The advent of oil and gas and its positive implications for the country’s economy has afforded the Government of President Irfaan Ali the opportunity to focus on creating a foreign policy apparatus that will enable it to strengthen relations with the rest of the international community, not least those countries in the region and the hemisphere, some of which share historical experiences in common with Guyana.

Setting aside the physical structure that is Mon Repos Market, its culture and its trading derive very much from the outdoor ‘business’ that gets done on the ‘shoulders’ of the East Coast Public Road, immediately outside the physical structure as well as on the narrow, usually cramped streets, that are part of the wider community itself. 

Not content, it seems, with the likely eventuality of practicing law, recent University of Guyana Law graduate, Joshua Edwards,  would appear to have set his mind on ‘doubling up.’

The local business sector is likely to be aiming to become more deeply involved in seeking opportunities for local businesses to tap into trade opportunities between India and the Latin America and the Caribbean region, worth an estimated $US50 million, following the recent visit to India by President of the Georgetown Chamber of Commerce and Industry (GCCI), Kester Hutson, to attend the August 3-4 Ninth CII India-LAC Conclave convened in New Delhi under the theme ‘Furthering Economic Partnerships for Shared & Sustained Growth’.

Caribbean Community (CARICOM) member countries would appear to be positioning themselves to undertake what many will regard as a belated but, nonetheless, positive step forward in pursuit of the region’s long talked-about closer regimen of business ties with Africa, arising out of the recent launch of the Caribbean branch of the African Export-Import Bank (Afreximbank) in Barbados.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 1032’s trading results showed consideration of $17,865,642 from 32,930 shares traded in 25 transactions as compared to session 1031’s trading results, which showed consideration of $26,757,740 from 69,511  shares traded in 21 transactions.

Arguably the standout feature of the micro and small business sector in Guyana today is the energy and vibrancy which women, notably younger women, are bringing to the sector and what, in many instances, are the rewards which they are reaping on account of the grit and determination and certainly the ingenuity and creativity that they have brought to the sector.

Against the backdrop of concerns being expressed by existing and aspiring small business owners that the Small Business Bureau needs to raise its game if it is to effectively serve the interests of the small business sector, President of the Guyana Manufacturing and Services Association (GMSA) Ramsay Ali, on Thursday August 3, used the occasion of the GMSA’s Gala Dinner to call on government to afford the business support body a “seat” at the SBB table.

In a move aimed at enhancing career opportunities in technical disciplines that allow for suitably qualified Guyanese to enhance their career opportunities, El Dorado Offshore (EDO), a subsidiary of the Trinidad and Tobago-owned RAMPS Logistics, on Friday July 21, signed a Memorandum of Agreement with the New Amsterdam Technical Institute (NATI) signaling the commencement of a strategic partnership aimed at increasing the numbers of skilled workers in the energy sector, both in Guyana and in the wider Caribbean.

With the majority of Caribbean Community (CARICOM) member countries heavily dependent on visitor arrivals it comes as no surprise that the near region-wide clamor for more flights to and within the region continue to arise at the political level with monotonous regularity.

With Venezuela still having to endure challenges associated with the underperformance of the country’s oil and gas sector, resulting largely from both the United States’ sanctions-driven pressures as well as the inherent underperformance of the industry, Brazil and Guyana are being promoted by the high profile energy media as the current ‘poster boys’ of the industry in South America.