Business

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 664’s trading results showed consideration of $6,081,243 from 30,219 shares traded in 11 transactions as compared to session 663’s trading results, which showed consideration of $9,175,468 from 441,569 shares traded in 5 transactions.

Workers’ rights cannot be traded for foreign investment – Lewis

“It would be a mistake for government to assume that respect for workers’ rights can be traded for foreign investment since that assumption is probably likely to leave us worse off as a society than if we have no foreign investment at all,” General Secretary of the Guyana Trades Union Congress (GTUC) Lincoln Lewis has told the Stabroek Business.

The Kaieteur Park mining transgression

The announcement earlier this week that 13 dredges and a dragger had been caught mining illegally in the area of the protected Kaieteur National Park area underscores the challenges that the authorities in Guyana will continue to face in circumstances where the mining of gold continues to coexist with imperatives that have to do with our obligation to the environment.

 NAREI Chief Executive Officer Dr Udho Homenauth

Agriculture ‘in a good place,’ says NAREI Head

Contributing to the further consolidating of the country’s food security status and better positioning of the agricultural sector to take advantage of international markets are high on the list of priorities of the National Agricultural Research and Extension Institute (NAREI).

Essequibo Chamber of Commerce President Deleep Singh

Revived Essequibo Chamber shaping strategy to combat rice market crisis

Against the backdrop of testing challenges confronting the Essequibo business community in the face of last year’s loss of the Venezuelan PetroCaribe     rice market, the ‘Cinderella County’s’ Chamber of Commerce in April elected a new executive headed by 63-year-old hotelier Deleep Singh, with a mandate to design strategies to galvanize the county’s economy.

 Microsoft CEO Satya Nadella delivers the keynote address during the Microsoft Build 2016 Developer Conference in San Francisco, California in this March 30, 2016, file photo. (Reuters/Beck Diefenbach)

Microsoft sues US government over data requests

SAN FRANCISCO (Reuters) – Microsoft Corp has sued the US government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology industry and Washington.

 Minister Simona Broomes (backing camera) engaging workers during one of her interior ‘clinics.’

Gold mining sector still has mountain to climb – Broomes

The creation of a regime of good order at mining locations that enables the efficient, legally acceptable and environmentally sustainable exploitation of the country’s mineral resources can only be realized through a combination of effective enforcement of mining laws on the one hand and the preparedness of the miners themselves to adhere to those laws.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 663’s trading results showed consideration of $9,175,468 from 441,569 shares traded in 5 transactions as compared to session 662’s trading results, which showed consideration of $277,150 from 7,734 shares traded in 5 transactions.

Chamber collaboration

One of the points made to us by the new President of the Georgetown Chamber of Commerce and Industry (GCCI) Mr Vishnu Doerga during an interview published in the Stabroek Business last week, had to do with the focus which, going forward, the Chamber will be placing on reaching out to sister Chambers across the country in an effort to support them in their quest to infuse a higher level of organizational and administrative acumen into the agendas of the business communities in the various regions of the country.

Restaurant Gallery CEO John Reman

The Restaurant Gallery: Good food in a convivial environment

There is an appealing intimacy to the Restaurant Gallery that makes you want to stay beyond your meal to contemplate the sampling of local art displayed on its eastern wall, a reflection, the facility’s Manager says, of a desire to nourish both the body and the creative imagination.

Owen Verwey

GO-Invest in makeover mode

Potential investors who had previously engaged the Guyana Office for Investment (GO-Invest) are being encouraged to reopen those investment enquiries as the agency enters its retooling phase to better position itself to respond to government’s accelerated focus on creating an enhanced enabling environment for foreign investment.

GO-Invest

This newspaper’s interview earlier this week with the newly appointed Chief Executive Officer of GO-Invest Mr Owen Verwey, provided some important and long-overdue insights into the likely future of the agency charged not only with promoting Guyana at home and abroad as a worthwhile investment destination but also with helping to open up new external markets in which Guyana can pay a trading interest, apart, of course, from shoring up the traditional ones.

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