Business

Clinton Urling
Clinton Urling

Micro, small enterprises still affected by official neglect

Ask most small and micro businesses in Guyana what most threatens their capacity to grow and they will probably tell you something about the indifference of both the major local lending institutions and the private sector umbrella organizations to their concerns.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 478’s trading results showed consideration of $1,228,733 from 60,951 shares traded in 7 transactions as compared to session 477 which showed consideration of $3,137,724 from 149,582 shares traded in 12 transactions. 

The RH hotel at Mahdia

Mahdia… still rising

Mahdia is full of surprises. Not least of those is the fact that if you travel to this small township in the Potaro-Siparuni region you are more likely than not to meet one, possibly more, fellow coastlanders.

Business guru Yesu Persaud

Yesu Persaud urges one-stop shop for investors

– says crime, job scarcity driving migration Chairman of Demerara Distillers Ltd (DDL) Yesu Persaud says that while he would advise potential investors to invest in Guyana, he believes that the need exists for the creation of a one-stop agency to facilitate them.

Natural Resources and Environment Minister Robert Persaud

GGDMA studying proposal to upgrade small scale mining

– joint ventures with bigger investors a likely option The Guyana Gold and Diamond Miners Association (GGDMA) is currently studying a proposal received from the Ministry of Natural Resources and the Environment (MNRE) which the ministry says is aimed at transforming and upgrading the activities of small miners “into organized and modernized mining.”

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 477’s trading results showed consideration of $3,137,724 from 149,582 shares traded in 12 transactions as compared to session 476 which showed consideration of $4,691,688 from 225,915 shares traded in 11 transactions. 

Retailing pirated DVDs in Georgetown

Intellectual property rights transgression unacceptable

– music executive Failure to rein in flagrant copyright transgression in Guyana has resulted in the impoverishment of the local music industry and the frustration of indigenous artistes, according to the head of one of the country’s leading recording studios.

Mining supplies transported through Linden by truck recently being taken to the Mazaruni by pontoon

Interior gold mining supplies “rolling” again

Sections of the mining industry that were affected by the recent protests at Linden which impeded the movement of critical supplies to some interior mining locations for several weeks are “rolling again” according to an official of the Guyana Gold and Diamond Miners Association (GGDMA).

Indranauth Haralsingh

GuyExpo 2012 targeting USA, Canadian buyers

Critics of the distracting noise levels emanating from the loud music from ‘boom boom’ boxes that have been an integral part of the annual GuyExpo in previous years appear to have gotten their way with the organizers, according to GuyExpo 2012 Public Relations Officer Indranauth Haralsingh.

Rethinking GUYEXPO

In a recent interview with this newspaper Director of Tourism at the Guyana Tourism Authority, Indranauth Haralsingh, who is serving as the public relations ‘point man’ for this year’s GUYEXPO, declared that the event which begins later this month will be seeking to attract more overseas buyers in order to expand external markets for Guyana’s manufactured products.

In the second week of trading in September 2012, the Lucas Stock Index (LSI) posted a nearly five percent increase in value.  The stocks of four companies were active this week with Demerara Distillers Limited (DDL) recording a 20-percent increase in value and Guyana Bank for Trade and Industry (BTI) advancing by 21.25 percent.  The other two companies, Banks DIH (DIH) and Demerara Bank Limited (DBL), recorded no gain in the value of their stocks.  Trades this week saw a major shift in ranking with BTI surpassing DIH to occupy the number two spot in market capitalization and to assert itself as a market leader.  This week’s change in value by 4.95 percent is also a major development since the LSI has been averaging growth of only 0.33 percent over the last four weeks.  As a result, the LSI now exceeds the yield of the 364-day Treasury Bills by more than 27 percentage points.

Reaching across the ocean

Diaspora Unit Many years after they left the country for a variety of reasons, and settled in other places around the globe, the diaspora that Guyanese became is now a focus of the Guyana Government. 

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