Business

Sorting mangoes for export to Canada
Sorting mangoes for export to Canada

Exporter clings to Canada mango, vegetable markets

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.

No urgency among Caricom leaders on agriculture

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.

John Lewis
John Lewis

Skills sourcing company to be ‘creative, aggressive’

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.

Local and international specialists examining a Shadehouse at Friendship on the East Bank Demerara

Growing interest in hydroponic farming

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.

Stock market updates

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. 

GCCI President Clinton Urling

Government, opposition must cut ‘political posturing’, Urling says

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.

Business Briefs

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.

Budget Review and Analysis

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.

Water Transport: Boats berthed in the Pomeroon river awaiting their passengers visiting Charity Market day.

The Charity Monday Market tradition

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.

Sitting down together on the budget cuts

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.

*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 461’s trading results showed consideration of $2,354,250 from 172,000 shares traded in 8 transactions as compared to session 460 which showed consideration of $8,736,516 from 605,193 shares traded in 16 transactions. 

A mining operation at Mahdia. Brazilians are known to have mining interests in the Mahdia area.

Local miners want foreigners’ work permits issue expedited

Local miners who attended last Wednesday’s meeting with Natural Resources Minister Robert Persaud and Home Affairs Minister Clement Rohee say that while they are supportive of government’s efforts to enforce the country’s mining regulations they believe the issue of work permits for foreigners in the industry, specifically Brazilians, should be expedited.

Another GRA scam

Not too many people bother to bat an eyelid these days when a public announcement is made about the uncovering of a corruption-related occurrence at the Guyana Revenue Authority (GRA).

LUCAS STOCK INDEX LSI The LSI lost 0.61 percent in trading in the third week of May 2012.  Two of the three stocks that traded lost value.  Banks DIH (DIH) lost 1.38 percent while Demerara Bank Limited (DBL) gave back almost all the gains of last week in losing 3.12 percent of its value.  Demerara Distillers Limited (DDL) eked out a gain of 0.92 percent to record the only positive movement by stocks this week.  As a result, the difference between the index and the yield of the 364-day Treasury Bills fell below five percentage points.

An inconsistent performer

Needed Focus With the service sector accounting for two-thirds of the output of the economy, the behavior of major industries in that sector deserve some attention. 

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