Business

Felled: Logs waiting to be transported from the Mabura road
Felled: Logs waiting to be transported from the Mabura road

Gold rush, concrete ‘fell’ forestry industry

– regeneration distant A succession of hard knocks in recent years has set the country’s timber industry on a downward slide from which it is unlikely to recover in the short term, President of the Guyana Forest Producers Association (GFPA) Khellawan told Stabroek Business in an exclusive interview on Tuesday.

Rudi Westerborg
Rudi Westerborg

Suriname Airways eyes Georgetown-NY flights by June 2013

– manager points to ‘reasonable’ Miami market share Suriname Airways could enter the Georgetown –New York market as early as the first half of 2013, once the company completes its planned January acquisition of an additional 737 aircraft to the two currently serving Guyana and the rest of the Caribbean, Guyana Station Manager Rudi Westerborg said.

Roraima Ogle hangar under construction

Roraima keen for pieces of US$4M aviation investment to fall into place

Chief Executive Officer of Roraima Airways Gerry Gouveia says that his company’s collaboration with four other entities in the local aviation sector to re-invent the Ogle Airport in a manner that allows it to respond effectively to the changing needs of the country’s aviation ranks among its more important missions at this time.

Corruption: a public-private partnership

Infamous Offenders Even as a reconfigured parliament begins the slow but necessary process of forcing changes to the bad management practices of the government and bringing increased accountability to the use of public funds, Guyanese must again endure the embarrassment of being among some of the worst perpetrators of corruption. 

Partners of the Americas (Guyana) President Myrtle Richards

US$1.175M Japanese grant to grow hydroponic farming

The second phase of an extensive local agricultural project aimed at popularising shade house farming technology in communities across the country is likely to kick off by March 2013, following the injection of a US$1.175 million grant from the Japanese Government, Head of the Partners of the Americas (Guyana) Project Myrtle Richards said.

Stock market updates

      GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 488’s trading results showed consideration of $1,970,394 from 87,598 shares traded in 14 transactions as compared to session 487 which showed consideration of $1,878,612 from 80,165 shares traded in 11 transactions. 

An aircraft on the recently created airstrip at Wakenaam which has paved the way for Roraima Airways Inc’s proposed new ocean front resort.

Roraima to create ocean front resort at Wakenaam

– multi-million-dollar facility to be completed in 2013 A multi-million-dollar project that will culminate in the creation of Guyana’s first-ever ocean-front resort is to be undertaken by Roraima Airways Inc, the company’s Chief Executive Officer Captain Gerry Gouveia told Stabroek Business in an interview on Tuesday.

A display of Peppy’s products

Peppy’s eyeing US$1.5M upgrade

– spices and  condiments doing well on Caribbean, US markets Peppy’s, arguably, is one of the better examples of a local manufacturing entity on the rise, having survived the ravages of a devastating fire and the many and varied challenges confronting the manufacturing sector as a whole.

Regional commercial banks show growing confidence in SMEs

Commercial banks in Latin America and the Caribbean are demonstrating increased confidence in the viability of small and medium-sized entrepreneurial pursuits in the region, a development which is likely to see an increase in the level of credit by up to 77 per cent of commercial banks in Latin America and the Caribbean, a recent survey by the Inter-American Develop-ment Bank (IDB) says.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 487’s trading results showed consideration of $1,878,612 from 80,165 shares traded in 11 transactions as compared to session 486 which showed consideration of $4,802,161 from 66,627 shares traded in 9 transactions. 

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