Business

The mood of scores of rice farmers on the Essequibo coast strikes a distinct contrast to that of other businessmen who appear upbeat about the vibrancy of the Cinderella County’s economy.

Government is persisting in its efforts to recoup billions of dollars in outstanding loans granted by the now wound-up Guyana National Cooperative Bank, (GNCB) and has considerably reduced the amounts, according to Keith Burrowes, who heads Guyana Cooperative Financial Services (GCFS), the agency set up by government to administer debt collection.

Since 2010 farmers in several regions of the country have been participating in what is best described as an experiment designed to further promote the application of hydroponics to agriculture in Guyana.

On Tuesday Sahodori Megnauth took the day off to travel to Georgetown to receive an award from Partners of the Americas for her work as one of a growing number of converts to hydroponic vegetable production.

Satisfactory first quarter The Guyana Telephone and Telegraph Company, generally referred to as GT&T, was formed in 1991 after the Government of Guyana (GOG) under the late President Desmond Hoyte sold an 80 per cent share of the state-owned entity Guyana Telecommunications Corporation (GTC) to Atlantic Tele-Network, or ATN. 

Leslie Anthony exports mangoes and vegetables to Canada. He has an arrangement with Caribbean Airlines (CA), which can sometimes be hit or miss, since his cargo is dependent on the availability of space on the aircraft.

The sense of urgency being demonstrated by small farmers in the region on the matter of maximizing agricultural production to boost earnings and improve security in the Caribbean is not being matched by their governments, Specialist in Crop Production and Nursery Operations at the Ministry of Science, Technology and Tertiary Education in Trini-dad and Tobago Douglas Gregg said.

As part of its focus on meeting the requirements of its overseas-based clients, the recently launched Guyana Logistics and Support Services (GLASS), will be seeking to source the skills required to meet the needs of investors, Director of the entity Romona Van Sluytman told Stabroek Business in an interview last week.

It may be early days yet for Guyana’s small but animated community of hydroponic farmers currently benefiting from a Shadehouse Vegetable Production and Marketing Project, but the potential for the further popularization of the project and perhaps the eventual securing of overseas markets has already begun to energize participants.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 462’s trading results showed consideration of $2,897,117 from 150,495 shares traded in 12 transactions as compared to session 461 which showed consideration of $2,354,250 from 172,000 shares traded in 8 transactions. 

President of the Georgetown Chamber of Commerce and Industry (GCCI) Clinton Urling has said that the political administration and the majority parliamentary opposition must engage each other on the potential benefits of some of the projects that are affected by the cuts to this year’s budget with the aim of having supplemental provisions funded.

Twelve private sector entities from Cariforum countries that participated in the Caribbean Export Agency’s ‘Break Point’ Competition will have the opportunity to travel to London this summer to promote the businesses the Olympics.

High cost of doing business  a common problem in the region: World Bank VP The high cost of doing business in a challenging business environment is one of the common problems confronting the region as a whole, says World Bank Regional Vice President for the Caribbean and Latin America Hasan Tuluy.

By Clinton Urling 2011 Year’s Economic Growth Continuing an impressive streak of growth that has now run for six consecutive years, Guyana’s economy turned in another stellar performance last year, growing by a rate of 5.4 per cent.

The 11-year-old Pomeroon Women’s Agro Processors Association (PWAPA) has, over the years, come to be regarded as one of the region’s high-profile blue ribbon projects.

Simone Adams’s un-swerving focus on building a successful business has not distracted her from other worthwhile goals that she has set herself.

Charity’s Monday Market serves as a trading post for buyers and sellers who come from distances as far apart as Georgetown and the small sleepy villages of the North West District.

Business Cartoons

Just about every senior government official – including President Donald Ramotar – has had his or her tilt at the parliamentary opposition’s cuts to the 2012 budget; the repetitive nature of the well-publicized official protests becoming sufficiently repetitive to cause them to resemble a none too ingenious public relations campaign designed to cause it to appear as though the budget cuts had placed the government’s spending plans for this year in imminent and irreversible jeopardy.