Business

Stock market updates

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)

On Wednesday, the Georgetown Chamber of Commerce and Industry (GCCI) took an important step towards placing its resources at the disposal of small businesses and sister business support organisations, staging of a forum designed to determine how the chamber can work with them to determine their needs and how those can be satisfied.

The celebratory environment–occasioned by its coincidence with the fiftieth anniversary of Guyana’s attainment of independence–will not detract from the organizers’ focus on realizing the critical objectives of Guyana’s most important trade fair for local and international businesses, Event Coordinator Tameca Sukhdeo-Singh has told Stabroek Business.

It is the easiest thing in the world to take sides in the prevailing brouhaha between the Georgetown City Council and the vendors who ply their trade in the area of the Stabroek Market following what turned out to be the forcible removal of the vendors from areas where – in some cases – they had been trading for several years.

Business Cartoon

By Valrie Grant Entrepreneur, Managing Director, GeoTechVision Last week I highlighted several major elements which are considered important to the generation of an entrepreneurial ecosystem.

Gold Prices for the three-day period  ending Thursday May 5, 2016

CAMBRIDGE – Just 13 years after the successful completion of the Human Genome Project, the power of genomics applications to spur innovation is already becoming apparent.

(Jamaica Observer) – Both the Jamaica Stock Exchange (JSE) and the Bank of Jamaica (BOJ) have given notice of fraudulent emails in circulation which purport to give advice on funds being held which are available for collection.

With the niche in the souvenir sector arising out of Guyana’s Fiftieth Independence Anniversary celebrations providing a potentially sustainable market for the local art and craft industry, local artist Irene Bacchus-Holder has told Stabroek Business that she believes the anticipated surfeit in jubilee souvenirs and the market that it can create in the Guyanese diaspora can be “a new beginning” for an industry which, up until now, is still to realize its potential.

Local company packaging company Caribbean Container Inc (CCI) declared a profit after tax of $144.1 million at the end of 2015, a figure, it says, that represents a 227% increase on its after-tax profit at the end of 2014.

(Trinidad Guardian) – Colonial Life Insurance Company Ltd posted profits of $5.2 billion at the end of December 2014, according to the company’s latest financial statements.

Stock market updates

By John Seeram May is International Internal Audit Awareness Month, and 2016 marks 75 years of existence of the Institute of Internal Auditors (IIA) as a global voice for internal auditing.

Even as investors continue to show an “aggressive interest” in positioning the Ogle International Airport to accelerate the growth of the country’s aviation sector, the facility, which is being operated by the company Ogle Airport Inc under lease from the Government of Guyana, has become afflicted by a “seriously dysfunctional” management regime which, if not corrected “will compromise all of the hard work that has been done over the years to build Ogle,” Chief Executive Officer of Roraima Airways Captain Gerry Gouveia has said.

All of the country’s commercial banks as well as some major state and non-state service entities have now signed on as data providers to the local Credit Bureau, a development which the Bureau says, has created an enabling environment in which larger numbers of persons can, potentially, secure hassle-free and in many instances badly needed credit.

Business Cartoon

A vigorous and increasingly acrimonious exchange is ensuing in business and political circles in Jamaica over just what sort of reaction the country should provide to what it says is the ill-treatment of Jamaicans travelling to its sister Caricom country by the immigration authorities in Trinidad and Tobago.