Business

IPED client Nandini Etwaroo with Credit Officer Chetnauth Peraud
IPED client Nandini Etwaroo with Credit Officer Chetnauth Peraud

First ever credit clearance report used in local financial system

Almost eighteen months after its September 13, 2013 launch here, Credit Info Guyana Inc has recorded the first use of credit data generated by the institution as part of the process employed by a local financial institution to support its risk management mechanism and decision-making process for credit applications.

Dale Beresford
Dale Beresford

BGCI electrical accident warrants independent enquiry, Beresford says

Occupational Safety and Health Specialist Dale Beresford has told Stabroek Business that last Friday’s electrical accident at the Bauxite Company Guyana Inc’s (BCGI) Kurubuku Mines ought to be the subject of an independent investigation and that investigation should be undertaken and the findings made public without delay.

Different cultures: Some of the wedding ensembles on display at the Roraima Duke Lodge earlier this week at the launch of the Roraima Airways Seventh Wedding Expo.
Different cultures: Some of the wedding ensembles on display at the Roraima Duke Lodge earlier this week at the launch of the Roraima Airways Seventh Wedding Expo.

No movement on amending legislation to facilitate wedding tourism

Seven years after the launch of the Wedding Expo product by the Roraima Group of Companies, Chief Executive Officer Captain Gerry Gouveia has told Stabroek Business that the absence of legislation to better facilitate Wedding Tourism in Guyana amounts to “an opportunity that we continue to pass up” to broaden the base of the local tourism industry.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 601’s trading results showed consideration of $49,088,362 from 905,442 shares traded in 51 transactions as compared to session 600’s trading results, which showed consideration of $1,263,400 from 50,600 shares traded in 8 transactions.

Holding BCGI’s Russian management to account

A few weeks ago Natural Resources and Environment Minister Robert Persaud provided responses to questions put to him by this newspaper about conditions in the mining sector covering both the gold and bauxite industries and embracing such issues as the general state of health of the respective industries, safety and health, the environment and – in the particular case of the bauxite industry, industrial relations.

President Donald Ramotar

President due to officiate at small business grant awards today

Sixty-four proprietors of local small businesses are expected to be the first recipients of grants under the Micro and Small Enterprise Development (MSED) project funded through the Low Carbon Development Strategy/Guyana REDD+ Investment Fund (LCDS/GRIF) at a ceremony scheduled to take place at the Guyana International Conference Centre this morning.

Gold mining in Guyana is coming under increasing pressure to eliminate the use of mercury

Pursuit of mercury tracing, elimination ongoing – Persaud

Natural Resources and the Environment Minister Robert Persaud has told Stabroek Business that projects designed to determine the various sources through which mercury enters the Guianas and the distribution networks that obtain in the region, are part of a wider exercise of seeking to control the movement of the substance into Guyana’s gold-bearing communities.

Pamela Coke-Hamilton

Cariforum exports reached US$51B in 2013

Executive Director of the European Union-funded Caribbean Export Development Agency (Caribbean Export) Pamela Coke-Hamilton says the body is backing exports to contribute meaningfully to sustaining the economies of the region at a time when marginal economic growth would appear to be on the horizon.

Rickards says political bias in selection of EU Sugar Programme projects

DUANVALE, Trelawny (Jamaica Observer) — Chairman of the All-Island Jamaica Cane Farmers’ Association Allan Rickards (AIJCFA) says a number of the projects financed by European Union (EU) money under the Sugar Transformation Unit (STU) in the Ministry of Agriculture, are politically selected for the benefit of the cane farming communities.

The politics of economic stupidity

Joseph E Stiglitz, a Nobel laureate in economics and University Professor at Columbia University, was Chairman of President Bill Clinton’s Council of Economic Advisers and served as Senior Vice President and Chief Economist of the World Bank.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 600’s trading results showed consideration of $1,263,400 from 50,600 shares traded in 8 transactions as compared to session 599’s trading results, which showed consideration of $1,348,103 from 8,675 shares traded in 9 transactions.

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