Downturn in US economy affecting remittances to Guyana

Moneygram aiming for expanded  rural, hinterland service The ongoing downturn in the United States economy is impacting on the inflow of foreign exchange remittances into Guyana, according to Deo Persaud, Chief Executive of Neal and Massy, holders of the local franchise for the remittance service Moneygram  International.

Republic Bank complex completion behind schedule

Contractor blames shifting deadlines on late delivery of materials, Customs clearance delays The deadline for   completing the construction of the new Robb and Camp streets branch of Republic Bank has been extended for the third time in three months and Stabroek Business understands that the protracted delay in the completion of the project has become a source of concern to bank officials.  

Neal & Massy mulling major new local investments

Essequibo complex to be opened by mid year The Neal and Massy Group of Companies is currently evaluating the potential for a significant expansion of the range of services being offered in Guyana according to the company’s Chief Executive Officer Deo Persaud.

Govt will answer cement company at CCJ – Jagdeo

The government will answer the Trinidad Cement Limited (TCL) at the Caribbean Court of Justice (CCJ), President Bharrat Jagdeo said on Tuesday, describing the company’s track record as one of profiteering.

Stock market updates

The market information provided here is provided for informational and educational purposes only and is provided on a time-delayed basis.

Stock market updates

GASCI Market Journal GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 249’s trading results showed consideration of $790,191 from 46,473 shares traded in 15 transactions as compared to session 248 which showed consideration of $2,120,407 from 186,692 shares traded in 9 transactions.

Not enough attention being paid to renewable energy sources …GBTI Chairman

Says VAT has skyrocketed consumer price index With continually rising fuel prices driving up the cost of production and impacting negatively on the cost of living, Guyana is paying insufficient attention to the need to reduce its dependency on hydro-carbon fuels and to seek to realize the benefits of renewable energy alternatives, according to Chairman of the Board of Directors of the Guyana Bank For Trade and Industry (GBTI) Robin Stoby.

The Business Editorial

Where business interests and environmental imperatives Amidst our preoccupation with joining the rest of the international community to help save our planet from what is now widely believed to be the potentially devastating consequences of global warming, are we neglecting small but valuable opportunities to contribute to the protection of the environment right here at home?

Stock market updates

The market information provided here is provided for informational and educational purposes only and is provided on a time-delayed basis.

Editorial

Probing GPL The Chief Executive Officer of the Guyana Power and Light Company (GPL) Bharrat Dindyal has publicly admitted that the company is besieged by a plethora of problems most of which are long-standing, some of which are chronic and many of which will not be surmounted in the near future.

Essequibo farmers told of steps to cushion fuel cost

Minister of Agriculture Robert Persaud on Saturday met with Essequibo farmers at the Affiance Multi-Purpose Centre to inform them of steps being taken in the agriculture sector to cushion the effects of rising fuel costs and to maintain drainage systems in order to maximise production.

GBTI lends more than $11.2 bn in 2007

Excess liquidity continues to plague banking sector …Chief Executive Officer Chief Executive Officer of the Guyana Bank for Trade and Industry (GBTI) Radhakishore Sharma is upbeat about the immediate future of the Guyanese economy despite the impact of rising oil and food prices and a high inflation rate.