CREDITINFO credit reports have sped up loans process – Semple-Joseph

-mulling expansion of service

Chief Executive Officer (CEO) of CREDITINFO Guyana, Judy Semple-Joseph  has told Stabroek Business that the ability of the Credit Bureau to provide local business institutions with critical and reliable data on their potential customers has been a critical factor in persuading banks and other key commercial institutions to ‘sign on’ to the services which it provides.

Indar lauds Chamber role in removal of VAT on education

President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar on Wednesday used his address to the organization’s Annual General Meeting to set out the various ways in which he said the Chamber had been successful in exerting “significant influence” on public policy over the past year.

Don Hutson: A mechanic on the rise

Small Business Profile

A continually increasing level of car imports into Guyana coupled with an as yet unfinished buildout of roads across coastal Guyana is opening up increasing opportunities for skilled mechanics willing to take on the challenging task of keeping vehicles on the roads and Don Hutson, who operates “Don’s Auto Repair” at 46 Friendship, East Coast Demerara is seeking to raise the bar higher in terms of reliability and professionalism in the service and repair sector.

Simply Sweet…at the 2018 Wedding Expo

Simply Sweet is one of numerous emerging micro enterprises in the capital that is seeking to take advantage of the gradual growth in the cakes and pastries business to make a mark.

Kildonan farmer aiming to cut onion import bill

With the various recent trials having declared onions a ‘sure thing’ as far as successful cultivation in Guyana is concerned, greater numbers of farmers are beginning to pay an interest in the cultivation of a crop that has been, for decades, close to the top of the country’s list of agricultural imports.

Nokta sounds optimistic note on government, GMSA relations

Despite major roadblocks…

Against the backdrop of what continues to be a less than convivial relationship between central government and the private sector, President of the manufacturers association Shyam Nokta used his Wednesday March 28th address to its Annual General Meeting to signal that concerns over lingering and serious impediments to the growth of the manufacturing sector notwithstanding, the GMSA was prepared to work with government to create an environment in which manufacturing can improve its contribution to both job-creation and exports.

Market prices

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) The New Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Kitco Market Data

Gold Prices for the three-day period ending Thursday April 5, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock market updates

GASCI ( Nº 223-6175/6) reports that session 767’s trading results showed consideration of $11,256,320 from 64,735 shares traded in 10 transactions as compared to session 766’s trading results which showed consideration of $3,244,000 from 4,838 shares traded in 9 transactions.

The time may be right for public/private sector ‘summit’

In the space of a week, two of the country’s more Important Business Support Organizations (BSO’s) the Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) held their Annual General Meetings, the forum at which, among other things, opportunity is provided, through the presentations of the respective Presidents, to get a sense of where the business community is headed and perhaps more importantly in our circumstances to learn more from the standpoint of the respective umbrella organizations about the challenges confronting them in the course of their private sector advocacy effort.

Police raid angers some shoppers

‘Fake’ goods bust in Jamaica

(Jamaica Observer) The police raided two stores operated by Chinese in downtown Kingston on Wednesday and seized what they described as fake brands valued at more than $300 million.

Gov’t mulls natural gas as transitional option to tackle power woes

-Harmon hints at pipeline

Asserting that the growth of the country’s manufacturing sector is inextricably linked to the creation of a stable and reliable electricity supply, Minister of State Joseph Harmon on Wednesday told the Annual General Meeting of the Guyana Manufacturing & Services Association (GMSA) that the APNU+AFC administration is currently engaged in discussions that could likely lead to the commercial use of natural gas from the country’s offshore resources as “a transitional fuel for Guyana’s economy.

GMSA announces deal with ExxonMobil to support UncappeD initiative

-they’re on board ‘in a big way’, Nokta says

The continuity of the UncappeD initiative, described by Guyana Manufacturing & Services Association (GMSA) President Shyam Nokta  as the Association’s “signature” agro processors initiative has won the backing of ExxonMobil.

A big tailor shop

Fashioning change…

My position managing a garment factory has easily been my most stressful job to date.

Another local rice company secures share of Cuba market

With the local rice industry keen to maximize such opportunities as may arise to secure replacements to help compensate for the loss of the Venezuelan market under the PetroCaribe arrangement, Cuba, an importer of around 500,000 tonnes of rice annually, could emerge as a key replacement market for Guyana’s rice industry.

Co-operative movement needs ‘enlightened management’

- Dean of UG Business School

Even as the local co-operative movement seeks to recover from its decades of doldrums, not least its countless failed and abortive excursions into start-stop business ventures that have left groups across the country in a condition of acute disappointment, a University of Guyana business Professor insists that there is a way back for the sector.

Small businesses boosting market share gains from Wedding Expo

This year, perhaps more than at any time in its previous ten years of the event’s existence, the unceasing insistence by Roraima Group of Companies CEO Gerry Gouveia’s that his company’s annual Wedding Expo is underpinned by a significance that goes beyond the glitz and glitter of an exotic wedding ceremony for some hitherto unknown couple was in evidence.

Stock Market updates

GASCI ( Nº 223-6175/6) reports that session 766’s trading results showed consideration of $3,244,000 from 4,438 shares traded in 9 transactions as compared to session 765’s trading results which showed consideration of $3,219,150 from 4,467 shares traded in 3 transactions.

Market Price

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) The New Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Economic diplomacy

What now appears to be an emerging trend towards a modest breakthrough for the local rice industry on the Cuban market is a sign, albeit a modest one, that some inroads are being made to attempt to compensate for what was once a considerable market in Venezuela.