Business

The Lucas Stock Index (LSI) recorded a gain of 4.48 per cent in the fourth week of trading in October 2012.  With the stocks of five companies trading this week, contrasting movement was seen among the financial institutions.  Republic Bank Limited (RBL) recorded a substantial increase of 19.05 per cent while Guyana Bank for Trade and Industry (BTI) declined by 4 per cent.  The stocks of the other three companies, Banks DIH (DIH), Demerara Bank Limited (DBL), and Demerara Distillers Limited (DDL), remained unchanged from last week.  As a result, the LSI exceeds the yield of the 364-day Treasury Bills by over 37 percentage points.
The Lucas Stock Index (LSI) recorded a gain of 4.48 per cent in the fourth week of trading in October 2012. With the stocks of five companies trading this week, contrasting movement was seen among the financial institutions. Republic Bank Limited (RBL) recorded a substantial increase of 19.05 per cent while Guyana Bank for Trade and Industry (BTI) declined by 4 per cent. The stocks of the other three companies, Banks DIH (DIH), Demerara Bank Limited (DBL), and Demerara Distillers Limited (DDL), remained unchanged from last week. As a result, the LSI exceeds the yield of the 364-day Treasury Bills by over 37 percentage points.

VAT and its goals (Final)

Location of the Burden As was observed last week, evidence to suggest that VAT had not led to a reduction in tax evasion might exist. 

A typical interior gold mining operation. Safety rules are key to the regulation of the industry
A typical interior gold mining operation. Safety rules are key to the regulation of the industry

Lure of gold sees recklessness by some miners

– association urges self regulation, enforcement of safety protocols In an environment where there is a preoccupation with the lure of gold it is by no means uncommon for people to indulge in acts of recklessness without due regard to their safety and health, Guyana Gold and Diamond Miners Association (GGDMA) official Colin Sparman says.

GGMC General Manager Nizam Hassan and Guyana Shop Manager Kevin Mackingam viewing local products on display

Guyana Shop offering more shelf space to local products

The space afforded the Guyana Shop in the rebuilt complex housing the New Guyana Marketing Corporation (New GMC) now better positions the entity to provide prominent display space for locally manufactured agro-products seeking enhanced access to both local and overseas markets.

Keith Burrowes

Gov’t draft White Paper should precede development bank talks

– chamber says way clear for small businesses to join  Public-private sector deliberations on the creation of a development bank in Guyana have a greater chance of bearing fruit if government makes the first approach, President of the Georgetown Chamber of Commerce and Indus-try Clinton Urling told Stabroek Business in a telephone interview on Monday.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 482’s trading results showed consideration of $6,834,728 from 322,052 shares traded in 15 transactions as compared to session 481 which showed consideration of $2,867,665 from 125,083 shares traded in 13 transactions. 

Antigua and Barbuda Agriculture Minister Hilson Batiste

Too much talk, no action on regional food security – expert

In the matter of the recently announced interest on the part of Trinidad and Tobago in working with Guyana towards the creation of a regional food security plan, Head of Resource Mobilization at the Caribbean Agricultural Research and Development Institute (CARDI) Maurice Wilson has more or less told the supposed interested parties to put up or shut up.

LUCAS STOCK INDEX
The Lucas Stock Index (LSI) recorded a marginal decline of 0.26 percent in the third week of trading.  The stocks of four companies, Banks DIH (DIH), Demerara Bank Limited (DBL), Republic Bank Limited (RBL) and Sterling Products Limited (SPL) remained unchanged from last week.   The stocks of Demerara Distillers Limited (DDL) recorded a decline of 3.08 percent, causing the marginal drop in the index.  Notwithstanding the negative change, the LSI remains above the yield of the 364-day Treasury Bills by over 31 percentage points.

VAT and its goals (Part 1)

Directly Involved The value-added tax or VAT as it is more frequently called was introduced in Guyana in the year 2007 to replace the Consumption and other taxes which, ironically, were not consciously paid by the consumers. 

One of the many itinerant ‘shops’ scattered across mining communities in Guyana.

Licensing of ‘shops’ in gold-mining areas being mulled

Persistent complaints from sections of the mining community regarding the security implications of illegal shops in mining areas across the gold-bearing regions of the country have led to a new initiative by the Ministry of Natural Resources and the Environment to regularize the operation of commercial enterprises at mining sites.

Brian Mitchell

Canadian project to help local craftspeople grow international market

A two-year trade capacity building project is being initiated by the Trade Facilitation Office (TFO) of Canada and the Canadian Executive Services Overseas (CESO) in collaboration with the Guyana Manufacturers and Services Association (GMSA) to increase international market share for local art and craft and artisanal products.

Caribbean Export and Guyana

Several weeks ago this newspaper expressed its considerable disappointment over what it considered to be a missed opportunity by the private sector arising out of a competition by the regional business support body, the Caribbean Export Development Agency (Caribbean Export) that resulted in winners from various other parts of the region being able to have their goods and services paraded at the recently concluded Olympic Games in London.

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

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 481’s trading results showed consideration of $2,867,665 from 125,083 shares traded in 13 transactions as compared to session 480 which showed consideration of $1,786,450 from 55,714 shares traded in 12 transactions. 

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