Business

As we pointed out in an article that appears in this issue of Stabroek Business the local aviation industry has a reputation for discretion as far as its public profile is concerned though recent circumstances have more-or-less thrust the sector into the limelight.

Dogged by intermittent difficulties that have considerably delayed the completion of Guyana’s second international airport, the Ogle Airport Inc (OAI) the conglomerate comprising the five passenger and cargo aircraft operations and seven other investors appears to have hit yet another hurdle.

REDjet flights between Guyana and two destinations in neighbouring Brazil, Boa Vista and Manaus could be introduced from early next year.

For some years now President Hugo Chavez in Venezuela has been raising the spectre of nationalizing the country’s gold industry.

The Business Cartoon

Unilateral Sometime this year, the PPP/C administration will unilaterally pass a Telecommunications Bill that will see a change in the size, structure and management of the information and communications sector. 

For the second successive quarter, the performance of the Guy-ana operations of the Trinidad and Tobago-based Neal and Massy Group of Companies has been singled out by Group Chair-man Arthur Lok Jack for its contribution to the company’s overall revenue increase.

Jamaica would appear to be following Guyana’s lead in continuing to place its faith in sugar production with last Thursday’s announcement by the Ministry of Agriculture and fisheries in Kingston that the upgrading of irrigation and drainage facilities in the industry has been

For all the stumbling blocks that have been placed in the way of the transformation of the Ogle aerodrome into Guyana’s second international airport, the management of Ogle Airport Inc.

DIGICEL Chief Executive Officer Gregory Deane says the company is not ruling out post-liberalization investment in the country’s domestic landline telephone service though he says that the first order of business once the monopoly comes to an end would be to move to reduce the rates for overseas calls by providing competition in that area.

Stock market updates

Construction industry claims that the lumber sector is failing to satisfy local demand for high-quality products are being disputed by Agriculture Minister Robert Persaud.

Against the backdrop of the worsening problem of the illegal copying of published school texts, one of the few established bookstores remaining in Guyana has slashed its imports by around 50 per cent ahead of the start of the new academic year.

Appearance While income in the construction and engineering sector of the Guyana economy has been growing at the rate of 12 percent per annum over the last five years, there is an increasing lack of attention to a critical aspect of Guyana’s infrastructure. 

From home-seekers exploring construction financing options to commercial banks, building contractors and hardware merchants offering their various sector-related services, Guyana’s Second Annual International Building Expo attracted an estimated thousands of visitors and scores of service providers over the July 29-31, 2011 weekend.

The Florida-based international air cargo service, AMERIJET which  provides freight forwarding facilities to all CARICOM member states is currently celebrating the twentieth anniversary of its scheduled all-cargo service to Trinidad and Tobago.

Jamaican-born United States citizen Fred Hylton is beginning to see light at the end of an investment tunnel in which he and his wife have dwelt here in Guyana for more than five years.

Last week’s first Colombia-Brazil Investment Forum in Bogota featured a level of private sector discourse on trade, investment and economic cooperation between South America’s two largest economies that put into sharp perspective the strategy underpinning Brazil’s strategic pursuits in the hemisphere.

Business Cartoons

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 420’s trading results showed consideration of $1,765,625 from 44,350 shares traded in 7 transactions as compared to session 419 which showed consideration of $705,696 from 24,423 shares traded in 19 transactions.