Kitco Market Data

Gold Prices for the three day period ending Thursday February 28, 2019Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 814’s trading results showed consideration of $4,205,894 from 51,419 shares traded in 12 transactions as compared to session 813’s trading results which showed consideration of $12,485,943 from 87,993 shares traded in 10 transactions.

Guyana in Global Environment Facility’s US$180M mercury-free gold mining initiative

Guyana is one of eight gold-producing countries that will be partnering with several international agencies in a new US$180 million Global Environment Facility (GEF) – backed initiative targeting the long-term development of the artisanal and small-scale gold – mining (ASGM) sector and aimed at improving conditions for miners while slashing harmful mercury emissions.

Danielle Hodge’s Indigenous Coconut Oil adventure

Danielle Hodge is an engaging young woman with a passion for the land of her mother’s birth and, having herself ‘discovered’ Guyana, is immersed in an entrepreneurial pursuit which she now treats as though it were a sacred mission.

GTA releases outline of proposed plan for tourism development

Against the backdrop of the sustained challenges associated with adequate international airline services between Guyana and the country’s key tourism markets in North America and Europe, the semi-autonomous agency, the Guyana Tourism Authority (GTA) has listed among its 2019 priorities, the creation of a partnership with the Guyana Civil Aviation Authority (GCAA) and the Ministry of Public Infra-structure (MoPI) that targets agreements with two new airlines to serve the Cheddi Jagan International Airport (CJIA), Timehri by  December this year and a total of four new airlines to serve the country’s main international airport by December next year.

Guinea feels it’s not getting enough from its foreign-owned bauxite companies

- despite having world’s largest reserves and a high grade of ore

Two debilitating rounds of United States sanctions last year have not been able to prevent Russia’s aluminium giant RUSAL from turning in end-of-year production levels that point to significant increases for both the fourth quarter of last year and the entire 2018, the independent news site, the Aluminium Insider, disclosed in a Saturday February 9th  news report.

Comfort Sleep’s ascent from ashes to accomplishment

—company pursuing CARICOM, Cuban markets

The story of the rise to prominence of the Eccles-based company Comfort Sleep, is a story of stamina and staying power in the face of business-related challenges as well as tragedy, and Dennis Charran, the Company’s Chief Executive Officer, has been at the centre of events for all of more than two decades.

Product Review: Radiante

Product Specs                                            Ingredients: Shea butter, Coconut oil, Jojoba oil, Lavender essential oil, Basil essential oil, Rosemary essential oil, Ylang Ylang essential oil, Vitamin E oil.

The effect of robots on developing countries

(Reprinted from World Economic Forum) Stunning technological advances in robotics and artificial intelligence are being reported virtually on a daily basis: from the versatile mobile robots in agriculture and manufacturing jeans, to autonomous vehicles and 3D-printed buildings.

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corportation or Ministry of Agriculture.

Gold prices

Kitco Market Data Gold Prices for the three-day period ending Thursday February 21, 2019  

GUYTIE Report concedes planning, execution shortcomings

-claims modest business to business accomplishments

Joint government/private sector efforts to enhance entrepreneurial ties between local business entities and external investors still continue to fall short of the success that it seeks though there are encouraging signs that local commodities, notably agro-processed goods are beginning to attract the attention of the international market, according to a recently released  Report on last September’s inaugural Guyana Trade and Investment Exposition (GUYTIE) staged at the Marriott Hotel in Kingston.

A tourism breakthrough?

One of the historic failures of Guyana’s development strategy, over the years  reposes in its failure of government to fashion a well-structured and efficiently executed ‘campaign’ to strengthen ties between Guyanese residing in the diaspora and their home country.

Closing the door on unsafe and hazardous workplaces

By Dale Beresford A cursory glance at common safety procedures and protocols employed  by home owners and small businesses in relation to the protection of their homes and business premises ought to give rise to a healthy degree of worry.

‘Lil Red’s’ fruit bowls making waves

When, having completed his secondary school education, Jonathan ‘Lil Red’ King’s mother, the popular Guyanese entertainer Michelle ‘Big Red’ King suggested that he “find a job,” the amiable and articulate Jonathan embraced her urging as a personal challenge, except that contrary to what might have been her expectation, he had no plans to join the ranks of the salaried employees.

Regional govts, private sector must push for extension of Caribbean Basin Economic Recovery Act

-Guyanese-American Chamber

The Stabroek Business has seen a media release issued by the Guyanese-American Chamber of Commerce (AMCHAM) urging governments and private sector groupings in the region to take immediate action to help influence United States congressional approval of the Caribbean Basin Economic Recovery Act (CBERA) “for at least another ten years” once it expires on September 30th, 2020.

Kitco Market Data

Gold Prices for the three day period ending Thursday February 14, 2019Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Market Prices

The new Guyana Marketing Corportation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

GUYTIE 2018: Expectations and outcomes

One of the positive elements in the recently released Report on last September’s Guyana Trade and Investment Exhibition (GUYTIE) staged at the Marriott Hotel jointly by the public and private sectors with the support of Caribbean Export  is that it openly concedes that, for all sorts of reasons, it felt short of what might have been expected.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 812’s trading results showed consideration of $21,633,635 from 146,211 shares traded in 41 transactions as compared to session 811’s trading results which showed consideration of $4,498,767 from 47,106 shares traded in 16 transactions.

GMC pleased with agro processors 2018 performance

-says food seasonings meeting local, regional consumer taste

The high Caribbean-wide demand for ‘well-seasoned, spicy foods’ and the evident market potential deriving therefrom is pushing established and emerging agro-processors in Guyana in the direction of creating food seasonings and pepper sauces in the direction of being more accommodating of those preferences, the Guyana Marketing Corporation (GMC) says in a recently released statement.

200,000-plus commuters travel by minibus daily in Guyana

-service employs 1,332 drivers, 802 conductors

A total of 210,650 commuters rely on privately operated minibuses, the backbone of the country’s public transport service, to meet their daily transportation needs, according to figures provided by the United Minibus Union (UMU) and seen by this newspaper.

Move over Cadbury!

Locally manufactured chocolate on the horizon

For as far back as local chocolate lovers can remember, the name Cadbury has always been associated with the product.

Who’s Who in business in Guyana

Arguably the most poignant of the rationale articulated in the “Publisher’s Note” for the emergence of Who’s Who In Guyana Business is the unending dilemma of “both local and foreign investors who lose a lot of time, energy and money due to not understanding the intricacies of the local business landscape.” The publisher could well have alluded too, to what frequently is the mind-boggling tangle of bureaucracy and red tape that is characteristic of the experience of navigating the investment landscape in developing countries.

Nysha’s homemade ice cream

– another emerging local product

There appears to be no end to the profusion of creativity and inventiveness that pervades Guyana’s manufacturing sector, particularly in the area of condiment and beverage production, though the limited rewards for what continues to be the sustained and mostly successful efforts of the producers continue to be undermined by the customer limitations of the local market and the difficulties which locally manufactured products have been experiencing in breaking into overseas markets.

Robotics programme targeting education, business sectors

It is generally accepted that the trajectory of our schools’ curriculum still requires more than just a bit of ‘tweaking’ to better prepare it to meet the developmental challenges of the twenty-first century.

Still no word on long overdue Minibus Code of Conduct

There is still no telling how much longer it will take for a Code of Conduct for Minibus Operators to materialise, notwithstanding the evident urgency of the need to raise service  delivery standards in the privately- run public transport sector.

Global coconut milk demand creating lucrative prospect for agro processors

Guyana’s coconut industry may still have a long road to travel if earnings from the sector are to impact meaningfully on the country’s economy, but the portents for coconut and coconut by product sales on the global market in the period are sufficiently encouraging to justify the renewed interest in the sector by both farmers and investors.

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corportation or Ministry of Agriculture.

Gold prices

Kitco Market Data Gold Prices for the three-day period ending Thursday February 7, 2019  

Visitor arrivals to Guyana at 286,732 last year: Numbers up by 16% from 2017

A near 16 per cent increase in visitor arrivals here in 2018 over that recorded in 2017 reflects a marginal rise in visitor preference for the ‘Land of Many Waters’ though the numbers continue to place Guyana well behind some of the tourism ‘hot spots’ in the region in terms of favoured destinations in the Caribbean.

Upgraded Arthur Chung Conference Centre will help to ‘sell’ Guyana to world

While by international standards the 500-person seating capacity of the Arthur Chung Conference Centre remains decidedly modest, its comprehensive renovation and recent reopening underlines the importance which Guyana attaches to drawing global attention to itself by serving as host to an increasing number of international events – Meetings, Incentives, Conferences, and Exhibitions (MICE) – of one sort or another, an article published in the current (2018-2019) issue of Guyana Invest, the official publication of the Guyana Office for Investment (GO-Invest) says.

New Food Science degree aiming to build skills base in productive sector

With enhanced food security, increased food exports and the upgrading of skills in the food production sector generally regarded as targets Guyana must continue to focus on in the period ahead, this month’s launch of a Bachelor of Science Degree (BSc) in Food Science by the University of Guyana (UG), has caught the attention of a wide range of stakeholders.

Global demand for ‘healthy’ fruit, vegetable beverages opening big opportunity here

-mango, pineapple, orange-based drinks in high demand

If the recent Global Fruit and Vegetable Juice Market Research Report 2018-2025, published in January by the California-based market research and consulting company, Grand View Research, is anything to go by, there may yet be room for Guyana in the global US$150 billion-plus fruit and vegetable juice market.