Business

 (This column explores initiatives to improve the business climate of our nation and make Guyana Open for Business a reality.

Five years after being  faced with the possibility of closure, Caribbean Container Inc.

 The market information provided here is provided for informational and educational purposes only and is provided on a time-delayed basis.

Labour Ministry not equipped to implement regulations Weak enforcement mechanisms within the Occupational Safety and Health Department of the Ministry of Labour are largely to blame for the high number of workplace accidents that have occurred during the first quarter of this year, according to a senior private official.

Less than 30 per cent of business premises electronically covered Despite the increasing risk of criminal attacks against business premises “probably less than thirty per cent” of the major business houses in the city have invested in adequate security equipment,” according to General Manager of Starr Computers Rehman Majeed.

Probing GPL The Chief Executive Officer of the Guyana Power and Light Company (GPL) Bharrat Dindyal has publicly admitted that the company is besieged by a plethora of problems most of which are long-standing, some of which are chronic and many of which will not be surmounted in the near future.

Flagship outlet to be launched in Jamaica shortly Fashion designer and businessman Ron Morrison, Chief Executive Officer of the fashion design company Mori J’Von, is working to consolidate the local and regional market for apparel manufactured by the internationally renowned North Carolina-based company Hanes.

Minister of Agriculture Robert Persaud on Saturday met with Essequibo farmers at the Affiance Multi-Purpose Centre to inform them of steps being taken in the agriculture sector to cushion the effects of rising fuel costs and to maintain drainage systems in order to maximise production.

Excess liquidity continues to plague banking sector …Chief Executive Officer Chief Executive Officer of the Guyana Bank for Trade and Industry (GBTI) Radhakishore Sharma is upbeat about the immediate future of the Guyanese economy despite the impact of rising oil and food prices and a high inflation rate.

Government started a pre-feasibility study for the Linden/Lethem roadway earlier this month in keeping with its efforts to develop the Guyana/Brazil road linkage by upgrading the Linden/Lethem route.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 247’s trading results showed consideration of $2,390,727 from 242,666 shares traded in 5 transactions as compared to session 246 which showed consideration of $1,581,307 from 134,121 shares traded in 14 transactions. 

Executive Chairman advocates local development bank to further encourage entrepreneurshipExecutive Chairman of the Institute for Private Enterprise Development (IPED) Dr Leslie Chin has told Stabroek Business that there is need for the creation of a development bank in Guyana to help stimulate entrepreneurial growth here.

A strategic plan for the expansion of the local aquaculture industry prepared by the National Aquaculture Association of Guyana (NAAG) and which has secured the backing of both the public and private sectors is seeking to guide the industry towards becoming Guyana’s leading economic sector by the year 2015.

Poor service standards A year ago we were in the midst of preparations for the arrival of visitors for Cricket World Cup.

Karen Abrams holds an MBA from UC San Francisco. She is a Marketing and Small Business Consultant in the US and Caribbean.

Four enterprising Guyanese women have established a new business centre which they say is designed to enhance the quality of social skills among the pool of employees in the service sector.

A thirty year old New York City College of Technology graduate in Computer Information Systems has decided that his search for suitable employment since his return to Guyana from the United States a year ago is over.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 245’s trading results showed consideration of $568,410 from 51,284 shares traded in 7 transactions as compared to session 244 which showed consideration of $3,070,733 from 185,938 shares traded in 13 transactions.

Hundreds of Guyanese pilots, engineers working with regional, international airlines Private aviation companies want government to provide provisional approval to allow the Ogle Airport to be used for regional flights.