Business

Chief Execu-tive Officer of REDjet Ian Burns has denied that its future was in jeopardy and it needed an $8 million injection to keep operating.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 444’s trading results showed consideration of $984,378 from 59,692 shares traded in 12 transactions as compared to session 443 which showed consideration of $1,614,180 from 132,600 shares traded in 8 transactions. 

Banks DIH Ltd is more than deserving of its considerable reputation as one of the flagship private sector enterprises in Guyana.

Business Cartoons

A local gold miner and member of the Guyana Gold and Diamond Miners Association (GGDMA) has told Stabroek Business that last Monday’s meeting between Natural Resources Minister Robert Persaud and stakeholders in the natural resources sub-sectors is unlikely to quell suspicion among miners that government is bent on taking control of a sector that has traditionally been in private hands, “What the setting up of a Natural Resources Ministry has done, in a sense, is to create even deeper suspicion among miners that official rules, regulations and controls are going to be put in place and that these are not going to work to the advantage of miners,” the miner

Continually rising crime and various other security concerns have seen a significant increase in the level of interest in electronic and IT–based security solutions by sections of the business community, though some business houses compromise their enterprises by relying on cheaper, less efficient options, Stabroek Business has learnt.

By clustering all of the various natural resources under a single ministry the Government of Guyana is sending a signal that it intends to lend much closer official attention to those sub-sectors.

Synergy Holdings Inc.

Enigma The Guyana stock market could hardly be regarded as a vibrant market place. 

Fresh from being awarded the Guyana Manufacturing and Services Association’s (GMSA) Exporter of the Year, local rice-millers Nand Persaud Investments is upbeat about the future of the international rice market and more particularly about what lies ahead for them.

Chief Executive Officer of the Guyana National Industrial Company (GNIC) and President of the Guyana Manufacturing and Services Association (GMSA), Clinton Williams, has been inducted into the Caribbean Shipping Association’s prestigious Silver Club.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 443’s trading results showed consideration of $1,614,180 from 132,600 shares traded in 8 transactions as compared to session 442 which showed consideration of $154,401 from 20,000 shares

The announcement earlier this month by the Canadian-based oil and gas exploration company, CGX Energy Inc that a semi-submersible drilling rig is due to arrive in Guyana by month end to commence offshore drilling for oil appears to have gone largely unnoticed by Guyanese as a whole; never mind the fact that the announcement clearly seeks to provide the country with a definitive signal that we might now have inched much closer to becoming an oil-producing country.

The Guyana Manufactur-ing and Services Association (GMSA) said it has left behind a year in which its own profile as much as the interests of its members was served by its focus on business support initiatives.

Focusing Belated New Year’s greetings to all Guyanese and in particular to the readers of the Stabroek News and its Business Section!

Plans for the direction of the mining and forestry sectors are likely to be high on the agenda when Minister of Natural Resources Robert Persaud meets stakeholders in the sectors next Monday.

A senior local private sector official has told Stabroek Business that government’s handling of the economy this year must include measures aimed at broadening the tax net to ensure that the large numbers of self-employed persons who have been able to evade taxes are no longer able to do so.

Against the backdrop of having approved financing for projects in the Caribbean totalling more than US$19 billion last year, the Inter American Development Bank (IDB) is seeking a more assertive posture from governments in the region in the fight against crime, violence and corruption.

An article published in last Monday’s edition of the Barbados Business Monday is reporting progress in the diplomatic exchanges between Guyana and Barbados over the vexed issue of the mistreatment of Guyanese traveling to Barbados by immigration officials at the Grantley Adams Airport.

Guyana’s small business sector can perhaps best be compared with an undernourished child that simply refuses to roll over and die even though the prospects for its growth and development and survival to a ripe old age are far from readily apparent.