Business

By Jacquelyn Hamer High levels of unemployment in the formal economy and the necessity among low-income earners to pursue means through which to subsidize their incomes render it increasingly necessarily for Guyanese to pursue self-employment options.

Both Scotiabank Guyana and the Guyana Telephone and Telegraph Company (GT&T) have confirmed that the local telephone service provider is moving to remedy the problems that have plagued the bank’s telephone system at its Carmichael street head office for a protracted period.

May forum on sustainable tourism holds particular significance for GuyanaBuoyed by the recent pronouncement by the World Tourism Organization (WTO) that international tourism could be on track for a rebound following “an exceptionally challenging 2009”  Caribbean officials have finally broken their silence on the industry and are ‘talking  up’ the regional  tourism product. 

As the Organization for Economic Cooperation and Development (OECD) continues its increasingly relentless crackdown on tax evasion through the holding of bank accounts in foreign countries Grenada and Belize could be in imminent danger of attracting tough sanctions from North America and Europe.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 340’s trading results showed consideration of $1,349,966 from 47,237 shares traded in 11 transactions as compared to session 339 which showed consideration of $2,593,895 from 82,310 shares traded in 12 transactions. 

Yigit Oktenoglu, the Turkish Casino Director politely declines to pronounce on an opening date for Guyana’s first ever casino.

Says objection to Forestry Commission role in granting mining approvals `non negotiable’ Impending new state regulations requiring miners to provide the Guyana Geology and Mines Commission (GGMC) with a six-month notice of the areas they intend to mine and for which approval would be subject to recommendations made by the Guyana Forestry Commission (GFC) could create chaos in the country’s mining industry according to Executive Director of the Guyana Gold and Diamond Miners Association (GGDMA) Edward Shields.

-source says more decisive gov’t role being sought Growing fears among major local private sector entities that employee  savings currently frozen in multi-million dollar pension schemes that were managed by the ill-fated regional investment and insurance giant CLICO may be inaccessible in the immediate future are likely to trigger more “pressure” from private sector umbrella bodies for a hastening of the legal procedures towards the winding up of the company.

Aggrieved security guards seeking to bring one or another complaint against their employer to public attention have frequently sought to engage this newspaper.

Even as Guyana prepares for the opening of its first ever casino, controversy is raging elsewhere in the Caribbean over whether casino gambling should be wholeheartedly embraced as part of the regional entertainment industry.

Final Installment By Jackie This is my final article in what has been a lengthy series on Customer Service.

-authorities must move to rein in offenders, rescue abused guards Stabroek Business Editor Arnon Adams examines aspects of the crisis facing guards employed by private security firms and the need for government to take steps to check the excessesOn the day that I spoke with Candace she was exhausted, angry and famished.

Rawle Lucas is a Guyanese-born Certified Public Accountant and Assistant Vice-President of the Lending Services Division.

-Office of US Trade Commissioner High levels of child labour and trafficking in children persist in Guyana despite laws and regulations designed to eradicate these practices according to the Eighth Report to the US Congress on the Operations of the Caribbean Basin Economic Recovery Act.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 339’s trading results showed consideration of $2,593,895 from 82,310 shares traded in 12 transactions as compared to session 338 which showed consideration of $3,201,623 from 242,275 shares traded in 16 transactions. 

The recent call by the Guyana Manufacturing and Services Association (GMSA) for a hastening of the pace of the CLICO liquidation process has secured the backing of the Heads of both the Private Sector Commission (PSC) and the Georgetown Chamber of Commerce and Industry.

State TV among those guilty of intellectual property violation Guyana continues to lag behind in the process of seeking to update its domestic laws and trade policies to reflect its obligations to the Free Trade Area of the Americas (FTAA) under the World Trade Organization (WTO) agreements, according to the recently published Eighth Report to the United States Congress on the operation of the Caribbean Basin Economic Recovery Act by the Office of the US Trade Representative.

The Eighth Report to the US Congress on the operation of the Caribbean Basin Economic Recovery Act prepared by the Office of the United States Trade Representative has, briefly, but rather pointedly, drawn attention to the protracted delinquency of the Government of Guyana in the matter of creating an adequate legal framework for the protection of intellectual property.