Business

OECS countries seek IMF rescue packages despite popular misgivings – BBC Caribbean Report Even as the Caribbean Community (CARICOM) continues to mount a lobby for comprehensive reforms of the post-war Bretton Woods Institutions – the International Monetary Fund (IMF) and the World Bank, more vulnerable member countries of the regional movement are compelled to seek financial support from the Fund  to cushion the continually unfolding effects of the current crisis.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 313’s trading results showed consideration of $2,044,306 from 64,543 shares traded in 8 transactions as compared to session 312 which showed consideration of $143,448 from 14,914 shares traded in 5 transactions. 

– wants affordable electricity for business sector A briefing note prepared by the Private Sector Commission (PSC) and made available to Stabroek Business lists the completion of a Guyana/Brazil road and designation of the Ogle Aerodrome as a municipal airport as key steps towards the realization of the National Development Strategy.

– says legislation, regulations key to stimulating private investment The cementing of ties with the local private sector has been one of signal achievements of relations between Canada and Guyana in recent years, Canadian High Commissioner to Guyana Charles Court told the Stabroek Business in a recent exclusive interview.

(GAPEvine Editorial) The past few months have seen regular comments in the media as regards the proposed Hope relief canal to rid excess water from the Lama conservancy through the sea wall to the Atlantic Ocean.

Newly appointed Vice-Chancellor of the University of Guyana Professor Lawrence Carrington’s address at a recent luncheon hosted by the Guyana Manufacturers and Services Association (GMSA) deserved a far larger audience with a much wider variety of interests than the captains of industry whose interest in how the university and the private sector can better work together will, hopefully, lead to qualitative improvements in the performances of both sides.

Facilitator of Trade Nearly 17 years after the Trade Point programme was launched, Guyana expects to have its first trade point centre in December 2009.

Ottawa keen on hastening of regional integration – Court Canada is keen to see forward movement on the commitment given by Caribbean Community (Caricom) Heads of Government at their recently concluded meeting in Georgetown to strengthen the regional integration process.

(Trinidad Guardian) – A day after Central Bank governor Ewart Williams said T&T is not in a recession, an economist with the University of the West Indies (UWI) has contradicted him and said T&T and the rest of the Caribbean are in a recession.

– food imports should face similar ‘risk assessment inspections’ Suriname is to host the secretariat of a new intra-regional body, which Caribbean Community (Caricom) Heads of Government have agreed to establish to oversee an effective regime of sanitary and phytosanitary (SPS) measures for the region.

Representatives of the University of Guyana (UG) and the private sector are to meet to discuss a proposal mooted by the Guyana Manufacturers and Services Association (GMSA) for the creation of a business school at UG.

Caribbean Heads of Government have outlined a number of trade negotiations issues which are expected to assume “front burner” positions on their economic diplomacy agenda given their importance in supporting the regional response to the current global economic and financial crisis.

(Trinidad Express) – Shareholders of cash-poor CL Financial on Wednesday voted overwhelmingly in favour of the newest plan to rescue the conglomerate and save tens of thousands of insurance policy-holders and depositors.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 312’s trading results showed consideration of $143,448 from 14,914 shares traded in 5 transactions as compared to session 311 which showed consideration of $29,037,474 from 270,615 shares traded in 15 transactions. 

-Vice-Chancellor Carrington The benefits of the country’s low carbon initiative will only be fully realised if it is led by new knowledge that research at the University of Guyana can provide and recently installed Vice-Chancellor Lawrence Carrington adds that the private sector can benefit from such research by “structured investment”.

Agrees ‘ appropriate measures, incentives’ to woo private sector participation The financial and economic cost of high dependency on extra regional food imports and mounting concern over the region’s food security has  finally galvanized Caribbean Community (CARICOM)  member countries into a comprehensive reassessment  of the significance of the region’s agricultural sector.

A case would appear to have been made for  an urgent and thorough investigation into claims of likely sabotage of GT&T’s Americas 11 cable on Thursday July 2, the same day on which the 30th Caricom Heads of Government Summit was due to begin in Georgetown.

The contrast is stark.  Guyana covers a geographic space of 83,000 sq.

The July 24-27 Berbice Expo and Trade Fair organised by the Central Corentyne Chamber of Commerce is expected to attract overseas private sector participation, according to Chamber President Bhigroog Poonai.

-College of Regulators to coordinate info sharing Caribbean Community (Caricom) Heads of Government have agreed to seek financing from International Financial Institutions (IFI’s) and multilateral development banks to strengthen the capacity of regional financial institutions to perform what they say is a crucial developmental and stabilization role.