Whilst the concept of the team is often an important tenet in the pursuit of successful leadership it is not uncommon for some leaders to succeed purely by virtue of the sheer weight of their own personalities and their own particular leadership qualities so that much of what emerges as policy within an organization may well be the result, by and large, of the thinking of one man or woman.
Local brand owners themselves concede that standards on the local market lag behind both international standards as well as consumer expectations.
As Guyana inches towards a 2020 commencement of the exploitation of what has been determined to be a potentially fortune-changing oil find, some of the major players in the industry were discussing what is widely believed to be significant global movement towards a historic shift in the demand for oil and oil products driven by growth in the world’s major markets.
The recently released 2018-2019 issue of INVEST, the official publication of the Guyana Office for Investment (GO-Invest), focuses repeatedly and hardly unexpectedly on the prospects that inhere in the country’s significant oil and gas finds though the publication is mindful to underscore the government’s declared commitment to a Green State Development Strategy (GSDS) as “a catalyst for increased investment and sustainable development.” Government, it appears, envisages impetus being provided for the unfolding of the GSDS over the next two decades through what it says will be “significant levels of financial input,” much of which, presumably, will come from revenues secured from the oil and gas sector.
Against the backdrop of a sustained clamour by minibus operators for fare increases and the recent disclosure that the Ministry of Business could be meeting with the United Minibus Union (UMU) to discuss the fares issue, a Ministry official has told this newspaper that any official engagement pertaining to the sector should go beyond the fares issue and extend into the realm of consumer-related concerns.
Against the backdrop of frequent flare- ups between government and the private sector arising mostly out of differences over policy decisions and their opinions on their impact on the business community, the Private Sector Commission (PSC) has said in its recently released 2017 Annual Report that last year marked a period of “increased and more fruitful interaction” between the country’s leading business support body and the coalition administration of President David Granger.
The Georgetown Chamber of Commerce and Industry (GCCI) will be seeking to utilize the recently completed memorandum between itself and the Federation of Indian Export Organizations (FIEO) to make maximum use of such opportunities as may arise for cooperation and partnership for investment and trade.
As economic opportunities arising out of the advent of oil and gas as an economic resource become increasingly apparent, former Chairman of the Private Sector Commission (PSC) Edward Boyer has said that he believes that local businesses “are achieving the high standards required for consideration” where local content opportunities are concerned.
Kitco Market Data Gold Prices for the three day period ending Thursday June 28, 2018
(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) *Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.
Stock market updates
This newspaper’s various engagements with private sector business support organizations have afforded us a more enlightened perspective on their work and the purpose that they seek to serve.
The formalization of memoranda of understanding between the Georgetown Chamber of Commerce and Industry (GCCI) and key business support organizations in Canada, Cuba and India designed to promote “structured trade and other related areas of cooperation” send unmistakable signals that countries across the world are keen to do business with Guyana, GCCI President Deodat Indar told the Stabroek Business on Wednesday.
The success which Credit Unions in the Caribbean have had in attracting increasing numbers of members and exponentially growing their savings continues to be compromised by their failure to provide optimum returns on those savings through their inability to disentangle themselves from the less than lucrative savings mechanisms offered by commercial banks,” Trinidad and Tobago Prime Minister Dr.
A cursory examination of global statistics pertaining to the international cooperative movement reveals an interesting picture regarding the popularity of cooperatives, the involvement of people therein and the impact of cooperatives on the global economy.
The Competition & Consumer Affairs Commission (CCAC) apart from its mandate to enforce Guyana’s consumer protection legislation is also mandated to enforce rules of competition set out in the Competition & Fair Trading Act of 2011 or CFTA.
By Professor Leyland Lucas A Response to Prime Minister Dr. Keith Rowley’s recent comments on the state of the Credit Union movement in Trinidad and Tobago Within Guyana, the Credit Union movement appears to be at an interesting juncture.
Still nowhere close to finding its feet among the global big players, Guyana’s coconut industry can take heart from the fact that continually fast-growing demand for coconut and its by-products still leaves considerable lucrative market space for small operators.
Gold Prices for the three day period ending Thursday June 21, 2018Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
(Prepared by the Guyana Marketing Corporation andpublished 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.
In what would have come to many observers as something of a surprise the Ministry of Public Health, earlier this week, issued a media release seemingly pointing to a busy time ahead for the Ministry pertaining to what Minister Volda Lawrence strongly suggests has been a virus of fraud attempts to steal from the public treasury, occurring within her Ministry.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 778’s trading results showed consideration of $999,900 from 1,111 shares traded in 1 transaction as compared to session 777’s trading results which showed consideration of $17,512,301 from 66,357 shares traded in 17 transactions.
The response by the country’s commercial banks to what was expected to be their robust collaboration with the Small Business Bureau has failed to materialize, Dr. Lowell Porter has told Stabroek Business.
Amidst reports of complaints from Trinidad and Tobago businessman Derek Chin that the launch of the US$45 million MovieTowne Leisure and Entertainment Complex at Turkeyen has suffered delays on account of various government-erected bureaucratic hurdles, including delays in the clearance of containers for which duty-free concessions were granted, Chairman of the rival Giftland Group Roy Beepat is again seeking information as to “what concessions and facilities were granted” to MovieTowne.
Karni Paton and Sean Thompson, the husband and wife team that has established the Emporium Investments Bureau Inc in Guyana are seeking to, among other things, infuse an enhanced work ethic into the local construction sector, prepared, they say, to back their confidence in their ability to turn things around by offering extended warranties on the structures they deliver to their clients.
With governments in the region plagued by the practice of packing the Boards of state-run entities with their favoured political appointees, the present administration in Jamaica is moving to table regulations in the country’s National Assembly that will effectively de-politicise the Boards of public-sector bodies by, among other things, ensuring that a third of those appointed by a previous Minister or administration be carried over to a new Board.
The Competition and Consumer Affairs Commission (CCAC) was established in 2006 and became fully operational in 2010.
Stock market updates
Global sectoral pressures associated with raising the safe-mining bar in the gold extraction sector is focusing increasingly on the role of the Guyana Geology & Mines Commission’s (GGMC) Mining School, according to the Head of the institution John Applewhite-Hercules.
Kitco Market Data Gold Prices for the three day period ending Thursday June 14, 2018
Relations between the public and private sectors in the economic sphere are generally considered – and justifiably so – to be essential to Guyana’s economic health, the reason being that while it is government that creates and provides the policy framework within which the private sector functions, it is the private sector by investing in economic initiatives that makes critical goods and services available, paying taxes and creating jobs that are, in fact, the engine of growth.
Foreign investments in sectors that significantly exploit Guyana’s non-renewable resources should, “as a matter of course,” leave behind Guyana’s significant “legacy projects” that provide some measure of meaningful compensation for the fact that what they take away are wasting resources from which the country cannot hope to benefit again, a senior private sector functionary has told the Stabroek Business.
Having long established itself as a significant contributor to tertiary education in Guyana, the Critchlow Labour College is seeking to embrace the demand for training in the various disciplines associated with the country’s emerging oil and gas industry to rebuild its reputation as a major contributor to education delivery in Guyana.
Broccoli and cauliflower have long outgrown the expression ‘exotic crops’ in the Guyana context.
Part 111 Another adverse impact on the environment due to Artisanal and Small scale Gold Mining (ASGM) is deforestation.
Part I By Richard Rambarran & Shaleeza Shaw Richard Rambarran – Richard Rambarran is the Executive Director of the Georgetown Chamber of Commerce & Industry and a lecturer in the Department of Economics at the University of Guyana.
Transparency Market Research (TMR), the global market research, analysis, and intelligence firm with offices in India and the U.S.
If you happen to go by the Starr Computers’ Brickdam complex it is well worth the while to pop in for a peek at the company’s ever changing range of hi-tech computerized equipment and increasingly, continually upgraded range of cellular phones.
Gold Prices for the three day period ending Thursday June 7, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
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.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 776’s trading results showed consideration of $15,388,834 from 248,679 shares traded in 24 transactions as compared to session 775’s trading results which showed consideration of $5,712,760 from 28,110 shares traded in 6 transactions.
The Stabroek Business has, in recent weeks, focused a considerable amount of editorial attention on the collaborative efforts involving government, the Guyana Manufacturing & Services Association (GMSA) and the agro processing sector, through initiatives like the UncappeD events and the lobbying efforts taking place at the level of exchanges between GMSA and government officials.