Business

Despite a period of sustained global growth, the world economy is now confronting an uncertain and difficult period threatened by rising food prices and even acute shortages in some countries.

The “Made In China” phenomenon and its impact on both developed and developing countries is a long and complicated issue which requires more than 1000 words to adequately analyze.

Concerns have been expressed among residents and organizations in Linden and at the level of the Environmental Protection Agency (EPA) over bauxite dust emission particularly on the western side of the Demerara River.

Bosai directed to submit plans for alleviating the problem by month end The Chinese Bauxite Company Bosai has been given up to the end of this month to provide the local Environmental Protection Agency (EPA) with firm proposals for alleviating the worsening problem of dust emission from its bauxite operations at Linden.

Government and the group of private aviators comprising Ogle Airport Inc.

Parking meters for Georgetown this year Senior City Hall officials are pushing more aggressive rates and taxes collection and new business initiatives as mechanisms for generating more income in 2008.

The outcome of a feasibility study being undertaken by the Chinese mining company BOSAI on the setting up of an alumina plant at Linden could be known by early next year according to the company’s Industrial Relations Manager Peter Benny.

There has been a spate of comments since the initialing of the Economic Partnership Agreement between the European Union and Cariforum.

GASCI Summary of Financials Session 244 March 10, 2008Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

GASCI (www.gasci.com/telephone N0 223-6175/6) reports that session 244’s trading results showed consideration of $3,070,733 from 185,938 shares traded in 13 transactions as compared to session 243 which showed consideration of $13,489,102 from 398,314 shares traded in 18 transactions.

Dust collection system on stream for next year but more production could mean more dust this year Amidst evidence of growing concern over dust emission from the bauxite plont at Linden, an official of the Chinese mining company BOSAI has told Stabroek Business that the company is preparing to make health-related interventions in affected communities at the end of March.

Negotiations between the Government of Guyana and the Guyana Telephone & Telegraph Company (GT&T) aimed at ending the company’s 17 year-old monopoly recommenced earlier this week following a break in the two-week old talks.

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

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

Corporate Social Responsibility Last Wednesday the Canadian High Commission in Georgetown hosted a forum on Corporate Social Responsibility (CSR), a concept that has gained considerable ground in recent years in the global discourse on the issue of desirable operating practices in the international corporate community.

Finance Ministry still to release Tenders for 1.5m euro second phase of Ogle Airport project The consortium of local aircraft owners who hold a lease agreement with the Government of Guyana for the development of the Ogle Aerodrome has declined to comment on the possible reasons for the protracted delay in the release of funds provided by the European Development Fund (EDF) – and being administered by the Government of Guyana – for the second phase of the modernization of the facility.

The raft of recommendations contained in the recently completed report on the reform of the National Insurance Scheme (NIS) can only be effectively implemented if they are energetically supported by the political administration including President Bharrat Jagdeo according to an informed NIS source.

Few phenomena account more for the slow economic growth and the frustrations of normal domestic life in Guyana than our electricity supply system.