Kitco Market Data

Gold Prices for the three day period ending Thursday January 31, 2019 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 810’s trading results showed consideration of $15,739,135 from 67,691 shares traded in 42 transactions as compared to session 809’s trading results which showed consideration of $10,997,436 from 42,847 shares traded in 19 transactions.

Market Prince

The new Guyana Marketing Corportation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Turning up heat on gold smuggling key to improving fortunes of sector – Trotman

While gold continues to lead the way in the overall natural resource contribution to the economy of Guyana a series of both internal and external factors combined to present imposing challenges for the country’s mining sector in 2018, Natural Resources Minister Raphael Trotman told Stabroek Business in exclusive briefing proffered in the wake of the his Ministry’s Monday January 21 Annual Review Session to assess the respective performances of the sub-sectors comprising the country’s natural resources sector.

Food & Drugs Dep’t virtually helpless in face of global ‘drugs cheats’ – source

While the recently announced ‘new rules’ made public by the Government Analyst-Food & Drugs Department (GAFDD) setting out conditionalities for the importation of drugs into Guyana, including the stipulation that the labels be printed in English may be well-intentioned, they are likely to have very little effect except the Food and Drugs Department is given “both the authority and the tools” to ensure that the news rules are “rigidly enforced”, an experienced local Hospital Administrator has told the Stabroek Business.

Mining School seeking to broaden reach

-linking up with technical and vocational council

Set to join forces with the Council for Technical and Vocational Education and Training (CTVET) to roll out a programme in Mineral Prospecting and Map Reading in several communities across the country, the Guyana Mining School and Training Centre is aiming to play a more impactful role in ensuring the enhanced performance of the mining sector in 2019, Member of Parliament and Chairman of the School’s Board of Directors, Audwin Rutherford, has told the Stabroek Business.

Women and the agro-processing sector: The challenge of sustainability

Despite the role of women in the production, processing and marketing of agricultural goods in Guyana, the available evidence suggests that production resources and opportunities to consolidate what are mostly their modest economic ventures remain strictly limited.

School of Agriculture, Apiculture Society team up to offer beekeeping course

With global demand for honey set to increase significantly over the next five years the local beekeeping industry is seeking to position itself to, first, increase its market share locally and beyond that to make further inroads into the regional market where domestic restrictions on imports into Trinidad and Tobago, particularly, has been creating frustrations for honey producers here.

STEM 2019 class working to empower young women

Director of STEM Guyana, Karen Abrams has told the Stabroek Business that one of the critical aims of the 2019 Class Technical Training Programme will be to empower young women in order to better position them for “options outside the employment and career boxes from which they have traditionally had to choose.” Speaking with this newspaper during a break from this year’s class being run by STEM Guyana’s ‘Dream Team’, Abrams said that while the STEM programme demonstrated that its focus was “not about gender,” she believed that a great deal of good would have come from the effort “if it were to turn out to provide a heightened level of empowerment for young women.” When Stabroek Business visited the training centre at the Ministry of Education-run Racquet Centre on Tuesday, the participants, 85% of whom are young women, had completed two days of what Abrams said had been “rigorous training in building, programming and technical support of STEM Guyana’s robot products and its MIT Scratch application product.

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday January 24, 2019

Urban pavement vending and the broader commercial culture

Over a period of several years urban street vending has experienced a painstaking graduation process from the status of a nuisance that simply got into the way of the various other more mundane pursuits of city life to a facet of commerce that is recognized (there are those who would say tolerated) as what one might call ‘legitimate business,’ insofar as it has not only become legitimized in more ways than one but also given the fact that it provides a living for hundreds of urban, almost certainly mostly working class families..

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corportation or Ministry of Agriculture.

Probe finds cooperative movement in poor shape

-150 Societies “irretrievable”

Between 1989 and 2016 the number of cooperative societies in Guyana slumped from 1440 to 1268, a decline of 20% according to a 2017 report from a Ministerial Task Force set up to address “the Revitalization of the Cooperative Movement in Guyana.”  And according to the Report, sustained infusion of large amounts of state funds into the cooperative movement over the years had resulted in “inadequate capital formation”, which had the effect of creating a dependency syndrome and ran counter to the spirit of co-operativism.

Exxon, GTT, Troy Resources among backers of STEM Reading & Robotics programme

-rollout set for January 19

Some of the ‘heavy hitters’ in the corporate sector along with First Lady Sandra Granger have lined up alongside the National Library’s “Reading & Robotics” programme which Coordinator Karen Abrams says has the potential to become a game-changer as far as the trajectory of the country’s education system is concerned.

Taking the ‘temperature’ at the Hydronie Market

If you visit Parika stelling on any Friday afternoon and if you are able to spend the entire weekend there, it is not just the range of commercial activity that will hold your attention but the manner in which a host of influences converge and the people that come from the far-flung communities to gather there, their livelihoods dependent on participating in the activities.

Anetha’s Elegance and the popularization of African fashion

Eleven years after her pioneering introduction of a range of clothing and fabric from West Africa on the local market Designer and Businesswoman Anetha Eastman is still seeking the commercial space which she has more than earned for her game-changing contribution to the African Guyanese clothing culture.

Radiek-Ah spices targeting breakthrough in agro processing sector

Radiek-Ah DeFreitas belongs to a growing clique of budding young Guyanese entrepreneurs who are lifting the well-worn  trade of agro-processing out of the antiquated setting in which it had been for decades and into a business setting that can make it a game-changer for up-and-coming investors.

Kitco Market Data

Gold Prices for the three day period ending Thursday January 17, 2019Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 808’s trading results showed consideration of $12,680,125 from 98,076 shares traded in 25 transactions as compared to session 807’s trading results which showed consideration of $1,841,175 from 20,245 shares traded in 8 transactions.

The urban garbage disposal pantomime

We have been, as far as circumstances allow, deliberately monitoring the impact of the latest bout of jousting between City Hall and its two principal garbage disposal contractors  if only because, first, we are aware of the particular vulnerabilities of the municipality in the wake of the revelations of the Report of the Kennard Commission of Inquiry.

Twenty percent contract allocation to small businesses `biggest employment creation game changer’

—Small Business Bureau CEO says

—stresses need for GRA, NIS compliance for eligibility While the implementation of the policy allowing for the ‘set aside’ of  20% of state contracts under the Small Business Act could face some “teething challenges,” its full and effective implementation could be “the country’s biggest ever job creation game-changer”, CEO of the Small Business Bureau, Dr.

Floor It: `Producing world class products to world class expectations’

-company says local quality standards, increased market competition fuel creativity

Just over two years after he first spoke with Stabroek Business, Andre Cummings, the Managing Director of the Caledonia, East Bank Demerara wood products company, Floor It, remains as focused now as he was then, on raising standards in the sector.

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corportation or Ministry of Agriculture.

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday January 10, 2019

Gov’t Analyst Dep’t and fight against fake drugs 

There was a hollow ring to this week’s warning from the Government Analyst Food and Drugs Department (GAFDD) regarding the circulation of yet another fake drug, apparently an imitation of Daflon, which the Department says, is used for treating patients suffering from “chronic venous insufficiency” (CVI) and other ailments.

ExxonMobil’s 2018 performance worst since 1981

-World Oil

For all its high profile and standout status in the global oil and gas industry, ExxonMobil, which is currently focused on kicking off a major oil recovery exercise offshore Guyana, has had to face its own ‘demons’ in 2018, according to a report late in December by World Oil, the monthly oil and gas publication published by Gulf Energy Information.

We’re ready!

Gov’t set to offer small businesses up to 20% of state contracts from this month

Following assurances by the Small Business Bureau’s (SBB) Chief Executive Officer, Dr Lowell Porter that the 20 per cent provision of contracts valued up to $30 million for small businesses would come on stream this month, a source in the Ministry of Business has told Stabroek Business that the Bureau is “ready to go” with implementation.

Kitco Market Data

Gold Prices for the three day period ending Thursday January 3,Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Market Prices

The new Guyana Marketing Corportation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 806’s trading results showed consideration of $1,037,500 from 13,500 shares traded in 3 transactions as compared to session 805’s trading results which showed consideration of $1,568,275 from 20,125 shares traded in 7 transactions.

Agriculture in an emerging oil economy

Part of the discourse on the subject of the implications of oil and the earnings to be derived therefrom for the future shape of the Guyana economy has had to do with the impact  on the long-term future of those  other sectors that have kept the country going until now and whether they will retain their sustainability once the various options associated with an ‘oil economy’ kick in fully.

Guyana fifth in the region for 2018 economic growth – ECLAC Report

-says growth in 2019 will come with challenges

The final report of the Economic Commission for Latin America (ECLAC) for 2018 places Guyana fifth in the region for economic growth in the hemisphere behind Dominica, the Dominican Republic, Panama and Antigua and Barbuda.