Business

2015 bauxite production figures reflecting performances that either exceed or come close to matching targeted expectations have once again failed to disguise the fact that Guyana’s industry is swimming against a tide of weak global demand and high recovery costs, Natural Resources Minister Raphael Trotman says.

Today’s issue of the Stabroek Business details the contents of a letter it received from Chairman of the Private Sector Commission (PSC) Major General (ret’d) Norman McLean that seeks to provide an update on the now twice postponed public/private sector National Economic Forum which was originally scheduled to take place last September.

By: Valrie Grant, Managing Director GeoTechVision   In the last article we looked at how government through the use of policies can help to drive the use of spatial information or tools in the process of economic development.

What City Hall says are its efforts to regularize vehicle parking in Georgetown and to otherwise bring a greater sense of order to a hopelessly congested and disorganized capital may well be clashing with some of the operations of city traders, Georgetown Chamber of Commerce and Industry President Lance Hinds told Stabroek Business earlier this week.

Stabroek Business has learnt that a planned public/private sector National Economic Forum disclosed to this newspaper in June last year by Chairman of the Private Sector Commission (PSC) Major General (retd) Norman McLean in June last year and originally scheduled for last September remains “a work in progress” and will go ahead after all though a new date is yet to be decided upon for the forum.

(Reprinted from African Business Magazine) A crop of innovative startup entrepreneurs is filling up Nairobi’s tech space.

Former University of Guyana lecturer, St. Lucian-born Lyndell Danzie-Black who has been living and working in Guyana for the past nine years is seeking to extend her reach as a coach and trainer into the various sectors of the country’s economy, believing as she does that the intensification of skills training for stakeholders will activate what is known across the region to be the country’s significant potential.

Guyana is one of several Caribbean Community (CARICOM) countries listed to benefit from funding from the Inter-American Development Bank (IDB) for building capacity in the area of health and safety in the regional tourism sector.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 650’s trading results showed consideration of $3,807,182 from 35,868 shares traded in 12 transactions as compared to session 649’s trading results, which showed consideration of $1,631,490 from 66,740 shares traded in 4 transactions.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

The commitment given by Giftland Mall Proprietor Roy Beepat to infuse a cosmopolitan food culture into the country’s biggest shopping and entertainment facility would appear to be taking shape in the form of the appearance of several food franchises inside the complex.

What appears to be evidence of significantly higher costs for biodegradable food containers is likely to impact on the widely popular take-away and street vending food culture with indications pointing to a likely knock-on rise in food prices.

A protracted period of low world market prices coupled with the slowing down of China’s economy continues to ensure the ongoing underperformance of Guyana’s bauxite industry, newly appointed Minister of Natural Resources Raphael Trotman disclosed at a press conference held at the Cara Lodge Hotel on Wednesday.

More than thirty years of involvement in singing gospel music has brought Miriam Williams to a place of greater enlightenment and realism about the pursuit that is her passion.

General Secretary of the Guyana Bauxite & General Workers Union (GB&GWU)) Lincoln Lewis says the failure of the APNU+AFC administration to clear the way for arbitration with the RUSAL-owned BCGI on protracted labour issues raises doubts about the government’s pre-elections commitments.

Gold Prices for the three day period ending Thursday January 7, 2016

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 649’s trading results showed consideration of $1,631,490 from 66,740 shares traded in 4 transactions as compared to session 648’s trading results, which showed consideration of $221,603 from 11,783 shares traded in 2 transactions.

Business Cartoon

There was something more than a trifle curious about last week’s announcement that City Hall had called a halt to construction work on the 81-82 Camp and Robb streets construction site after it had been determined that the developer had apparently gone ahead with the exercise without receiving the requisite permission from the City Engineer’s Department.