Business

Joycelyn Williams
Joycelyn Williams

Recreating an Industrial development agency

Great progress has been made in Guyana’s water and housing sectors over the last 10 years because the Government of Guyana has deliberately built capacity of special agencies dedicated to and focused on each of these.

Ogle International Airport a positive for the tourism sector
Ogle International Airport a positive for the tourism sector

2014 tourism budget disappointing – Gouveia

The provisions in the country’s 2014 budget for the tourism sector do not reflect the various  official public pronouncements regarding government’s commitment to moving the industry to “an enhanced level of prominence,” Chief Executive Officer of Roraima Airways   and former Head of the Tourism and Hospitality Association of Guyana, Gerry Gouveia told Stabroek Business in an interview on Wednesday.

New lending tool: Commercial banks in Guyana will soon have access to credit bureau information on potential borrowers for the first time
New lending tool: Commercial banks in Guyana will soon have access to credit bureau information on potential borrowers for the first time

Banks, other lenders to have access to Credit Bureau info in “month or two”

Local commercial banks and other lending agencies ought to be in a position to access credit reports on potential borrowers through the local Credit Bureau “within a month or two,” according to Bureau General Manager Judy Semple-Joseph.

Bahamas  Prime Minister
Perry Christie

Nothing `intrinsically sinister’ about offshore banking – Bahamas PM

Against the backdrop of mounting international pressure on the Caribbean over the perceived role of offshore banking institutions in facilitating financial crimes, including money laundering, Prime Minister of The Bahamas, Perry Christie used this week’s  opening session of the Third Caribbean Conference on the International  Financial Services Sector to defend regional offshore banks, asserting  that they were far more robust than those in countries that continue to fight offshore financial services in the region.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 557’s trading results showed consideration of $5,852,934 from 180,483 shares traded in 18 transactions as compared to session 556’s trading results, which showed consideration of $5,276,113 from 40,540 shares traded in 5 transactions.

Ram Prashad

Agro-processors call for official ‘buy local’ backing for sector

Strong, officially backed ‘buy local’ advocacy is one of the recommendations which the Head of the Guyana Agro Processors Association, the umbrella body for at least 25 small and medium-sized local food manufacturing entities, is expected to make in his presentation at today’s National Agro-processing Forum at the Inter-national Conference Centre, Liliendaal.

Agro-processing

Today’s national agro-processing event being held at the International Conference Centre, Liliendaal is important for several reasons, perhaps the key one being that it provides a stage on which many small manufacturing enterprises – some, first the first time – can bring their products to the attention of a relatively large potential market.

Low carbon small business grant scheme to kick in next month

The Small Business Bureau (SBB) could begin disbursements of grants of up to $300,000 each for start-up small business projects and re-tooling of existing ones as early as next month under the Low Carbon Micro and Small Enterprise Development Project (LCMSEDP), Stabroek Business has learnt.

Joycelyn Williams

Enhancing factory space availability and manufacturing growth

By Joycelyn Williams Joycelyn Williams is a Lecturer at the University of Guyana and a Programme Management Consultant Industrial policy has been used by all the high performing Asian countries and the BRICS to deliberately push forward structural transformation and industrial development.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 556’s trading results showed consideration of $5,276,113 from 40,540 shares traded in 5 transactions as compared to session 555’s trading results which showed consideration of $6,860,530 from 60,880 shares traded

Finance Minister Dr Ashni Singh

Budget promises more official attention to tourist market

Not for the first time in recent years government is talking up tourism as a focus of accelerated attention, presenting the sector as Finance Minister Dr Ashni Singh described in this year’s budget speech, potentially “a major driver of growth and job-creation in Guyana.”

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 555’s trading results showed consideration of $6,860,530 from 60,880 shares traded in 11 transactions as compared to session 554’s trading results which showed consideration of $10,235,630 from 477,732 shares traded in 8 transactions.

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