Business

Offering expired food and drugs for sale

For several years now the Food and Drug Analyst Department has been complaining about the paucity of resources with which to carry out its functions which functions include the monitoring of food and drug imports with a view to determining their safety and fitness or otherwise for human consumption and ensuring, as far as possible, that expired foodstuff is removed from the shelves of supermarkets and outlets rather than sold to consumers at risk to their health.

A display of Global Hardware’s PPR pipe fittings
A display of Global Hardware’s PPR pipe fittings

Global Hardware’s PPR pipe noticed at Building Expo

If Global Hardware gets its way the Polypropylene Random Copolymer (PPR) pipe which it currently manufactures and markets in Guyana and elsewhere in the Caribbean will seize a considerable share of the domestic plumbing market currently controlled by the familiar PVC pipe.

Goveia urges: Wait for official technical report on crash landing

Businessman and aircraft pilot Gerry Goveia has told Stabroek Business that the worst possible response that can come from the Caribbean in the wake of last Saturday’s Caribbean Airlines crash upon landing at the Cheddi Jagan International Airport, Timehri is to seek to definitively attribute blame ahead of “an official technical report” on the incident.

A recent scene from Diamond “market”

Diamond vendors facing uncertain future

The advent and steady growth of the Diamond New Housing Scheme on the East Bank Demerara has spawned a handful of thriving small businesses that cater mostly to the needs of commuters wending their way home.

CARICOM countries read riot act against scrap metal industry

If the current continually escalating demand for recycled metal signals a steady increase in industrial production following the global economic crisis, the search by the world’s more aggressive economies for recycled metal has become a mixed blessing for the international community.

The Bulkan Timber Works model house

Bulkan targeting local buyers with pre-fab homes

Potential local home owners are being offered an opportunity to view a model home created by Guyanese manufacturer Bulkan Timber Works which, according to the company’s Managing Director Howard Bulkan, has, up until now, been marketed primarily in other Caribbean territories.

LUCAS STOCK INDEX  The LSI fell on the decline in the stock price of the two largest companies making up the index.  The stock price of Banks DIH (DIH) fell four percent while that of Republic Bank (RBL) fell over four and a half percent.  The relatively small weight of the stocks of Sterling Products Limited (SPL) was insufficient to move the index in a positive direction, even though its value increased over 15 percent on trading this week.  The three other stocks, Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL) and Guyana Bank for Trade and Industry (GBTI) that traded in the week provided no help since they all recorded no change in value.  As a result, the spread between the index and the risk-free Treasuries due to mature in December 2011 fell below 15 percentage points.

Advancing a concept for village development

Budding Relationship In this the third discussion about the village of Victoria, one of the many rural communities facing grave economic and social challenges, an effort is made to highlight a few issues aimed at promoting and solidifying its development. 

Berbice Expo focused on boosting agri exports

The strengthening of relations between Berbice farmers and actual and potential regional and international commodity markets is one of the positive outcomes of the Berbice Expo, now in its seventh year, according to Vice President of the Upper Corentyne Chamber of Commerce Leekah Rambrich.

*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 418’s trading results showed consideration of $1,578,400 from 67,720 shares traded in 11 transactions as compared to session 417 which showed consideration of $1,650,177 from 62,452 shares traded in 11 transactions. 

A meeting of the Security and Governance Committee of the Private Sector Commission

Business community ‘obsessed’ with crime challenge, Gouveia says

A senior Private Sector Commission (PSC) official has told Stabroek Business that the Guyanese business community is currently afflicted with a low level of confidence in the state of the local security environment, particularly the ineffectiveness of the Guyana Police Force (GPF) to curb the proliferation of crime.

Dr Chelston Braithwaite

Caribbean food import bill a ‘scandal’

The downturn in the fortunes of the Caribbean’s two traditionally most successful agricultural commodities, sugar and bananas may have sown seeds of doubt in the minds of regional policymakers regarding the role of the food and agriculture sectors in the future of regional economies, according to one of the region’s leading agricultural specialists.

Today's Paper

The ePaper edition, on the Web & in stores for Android, iPhone & iPad.

Included free with your web subscription. Learn more.