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.

Kitco Market Data

Gold Prices for the three day period ending Thursday March 29, 2018

Head of UG’s School of Business not sanguine about ‘up front’ cash from oil and gas industry

“While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.

US Commercial Affairs Officer tells local manufacturers to get their act together

As deadline for full implementation of US Food Safety Modernization Act draws closer…

Against the backdrop of protracted public and private sector prevarication over the taking of steps to cater for the United States’ Food Safety Modernization Act (FSMA), a US diplomat here has dropped a broad hint that unless local companies whose ambitions extend to securing traction in the US market get their houses in order, they are likely to find themselves out in the cold.

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.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 765’s trading results showed consideration of $3,219,150 from 4,467 shares traded in 3 transactions as compared to session 764’s trading results which showed consideration of $13,637,192 from 241,690 shares traded in 13 transactions.

Thinking Agriculture

This is one of those ‘seasons’ when our municipal market are at their brilliant best, bursting at the seams with fresh fruit and vegetables at prices that bring out throngs of shoppers and generate the kind of bulk buying that gives rise to long periods  of food storage.

UG School of Business upbeat after first semester

After we had spoken with Visiting Professor at the University of Guyana’s School of Enterprise, Business and Innovation (SEBI), Professor Leyland Lucas, and his support staff early last week, we headed across to the new facility created to house the School.

Avocado now in ‘super fruit’ league

-mango, pumpkin, papaya in demand, JAMPRO says

While most types of fruit produced in the Caribbean have traditionally been considered to be largely of niche market value, reports emanating from JAMPRO (Trade and Investment, Jamaica) the state-run agency set up to promote business opportunities in export and investment, point to a drift of some fruit onto the mainstream market.

Wedding Expo offering valuable exposure for small businesses – Gouveia.

The Roraima Group of Companies-staged annual Wedding Expo and what the company anticipates will be a high turnout at the 10th staging of the event next weekend provides an “ideal opportunity” for small businesses whose goods and services are in demand in the wedding sector to “establish their credentials and win a share of the market,” Roraima’s Chief Executive Officer Gerry Gouveia has told the Stabroek Business.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 764’s trading results showed consideration of $13,637,192 from 241,690 shares traded in 13 transactions as compared to session 763’s trading results which showed consideration of $14,329,514 from 71,589 shares traded in 22 transactions.

Kitco Market Data

Gold Prices for the three day period ending Thursday March 15, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Market Prices

(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.

Gaskin dismisses `chicken feed’ criticism of ExxonMobil deal

Business Minister Dominic Gaskin has told a local private sector oil and gas forum that the Government of Guyana will not follow opponents of the prevailing contract with an ExxonMobil subsidiary down the road of calling for it to be undone and renegotiated.

Agro-processing showcase “UNCAPPED” billed for Providence Stadium on April 29

Aiming to position the manufacturing sector to significantly increase its market share locally, regionally and internationally, the Guyana Manufacturing and Services Association (GMSA) this week disclosed plans to stage a follow-up to last October’s UNCAPPED event aimed, this time at bringing local manufacturers and wholesale and retail customers together in what is being seen as an important test of both product quality and consumer demand.

Large private agri projects should pay for services provided by NAREI – Homenauth

While the National Agricultural Research and Extension Institute (NAREI) should continue to perform its service-related functions to the country’s agricultural sector including its role in providing valuable technical support to privately-run projects, there exists a case for attaching fees to services provided by the Institute, Chief Executive Officer of the National Agricultural Research and Extension Institute (NAREI) Dr.

At energy summit, climate pits U.S. against Europe

HOUSTON, (Reuters) – The U.S. energy secretary blasted renewable fuels champions on Wednesday while the head of Royal Dutch Shell Plc urged the energy sector to focus on global efforts to cut carbon emissions, reflecting a yawning trans-Atlantic gap on climate issues.

CDB, Caribbean Export ink financing agreement for women-owned businesses

-workshop will discuss strategies for engaging banks

Sourcing funds for business ventures could become easier for women-owned businesses in the Caribbean following the signing late last month of an agreement between the  European Union-funded regional business support organization, Caribbean Export Development Agency (Carib-bean Export) and the Caribbean Development Bank (CDB) to collaboratively pursue a new initiative titled Women Empowered through Export (WE-Xport) designed to support capacity-building for women-owned businesses to facilitate their access to finance, a release from Caribbean Export says.

Kitco Market Data

Gold Prices for the three-day period ending Thursday March 8, 2018

Food & Drug Dep’t recruits Jamaican firm to upgrade local coconut water testing

In what is being seen here as a response to last January’s seizure by the authorities in Trinidad and Tobago of a consignment of coconut water from Guyana on the grounds that it failed to meet the requisite food safety standard and therefore could not be sold there, Director of the Govern-ment Analyst-Food & Drugs Department (GA-FDD)Marlan Cole has told Stabroek Business that the agency has secured the services of a Jamaican consulting agency The Jamaican consulting entity will conduct what he says will be “hands on training for Laboratory Technicians, Inspectors and other technical personnel designed to upgrade their food safety testing capabilities”.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 763’s trading results showed consideration of $14,329,514 from 71,589 shares traded in 22 transactions as compared to session 762’s trading results which showed consideration of $4,685,043 from 25,094 shares traded in 18 transactions.

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.

Oil and pragmatism

One of the regrettable features of the unfolding discourse on Guyana’s oil find and its implications for the country’s future has been the shift in the focus of the public discourse from the portents of becoming an ‘oil economy’ for the development of the people and the enhancement of the welfare of the people to the issue of the division of the spoils between Guyana as the owners of the resource and the entity that undertook the investment and the risk associated with confirming the presence of oil and undertaking the recovery effort.

Ministry engaging UK firm on regulatory system for gold industry

A United Kingdom-based company, Focus Link Ltd is currently engaging the Ministry of Natural Resources in discussions aimed at the realization of “an enduring solution” to the multi-faceted compliance and regulation challenges plaguing the gold-mining sector.

Opening the gateway to a technology-driven future

By Karen Abrams, MBA Co-Founder, STEMGuyana The past few years have witnessed a significantly enhanced sensitivity among our young people, particularly school-age children, to the importance of information technology as an educational tool that will serve our country’s developmental mission.

Market Prices

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)

Kitco Market Data

Gold Prices for the three-day period ending Thursday March 1, 2018

NAREI to produce 25,000 tomato seedlings

Sundried Tomato Project

The National Agricultural Research and Extension Institute (NAREI) is spearheading the cultivation of 25,000 tomato seedlings which will be allocated to meet the production needs of the Pakaraima Flavours Sundried Tomato Project of Region Eight.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 762’s trading results showed consideration of $4,685,043 from 25,094 shares traded in 18 transactions as compared to session 761’s trading results which showed consideration of $20,735,105 from 251,919 shares traded in 30 transactions.

Security services and outrageous exploitation of guards

The reported brouhaha over the alleged two-month gap in the payment of salaries to security guards providing services at state locations in Region Five would appear to point to the persistence of an entrenched practice of employer exploitation of security guards by private contractors providing service at state institutions.

Accelerate marriage tourism amendment – Gouveia urges

Even as Roraima Airways prepares to host the annual Wedding Expo next month, the company’s Chief Executive Officer, Gerry Gouveia has told Stabroek Business that the process of amending the country’s Marriage Act to reduce the residency requirement from fifteen days to two days for non-nationals wishing to marry in Guyana, must be accelerated.