Contractors Association to meet Small Business Bureau on 20% of state contracts

The Small Business Bureau (SBB) can anticipate a demarche from local contractors early in the new year in an effort to take advantage of the provision in the Small Business Act that allows small businesses registered with the Bureau to access twenty per cent of government contracts to undertake jobs valued at under thirty million dollars.

Reflections on Christmas and the Guyanese trading culture

There is something to be said for the sheer tenacity of what, these days, is the remaining handful of traditional high street traders who, against seemingly insurmountable odds, have survived the otherwise  complete transformation of the country’s urban commercial culture, emerging intact though hardly unscathed and even retaining some of the old-fashioned customs associated with downtown trading of an earlier era.

Global food security watchers backing  drones to make a difference 

If it may still be commonplace to see large expanses of farming operations in countries like Guyana still relying on what, these days, is regarded as limited technology, investors in the sector have begun to grasp a better understanding of the role that drone technology can play in bolstering their agricultural pursuits.

ITTO wants investment in forest restoration to help cut carbon losses

Concerns that tropical forest degradation is responsible for even more carbon losses than deforestation has prompted the International Tropical Timber Organization (ITTO) to issue a call for investment in restoration through landscape approaches linked to supply chains, an undertaking which it says is critical to limiting the global temperature increase to 1.5 degrees centigrade.

End of 2018 finds Guyana still defenceless against fake drugs industry 

With the Government Analyst Food & Drugs Department (GAFDD) facing ever increasing challenges in its quest to effectively monitor the entry of unauthorised foods and medicines into the country, local consumers could face more risks in the year  ahead in its quest  to fend off a fake medication industry estimated to be worth in excess of US$30 billion.

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday December 27, 2018

Venezuela’s aggression and Guyana’s economic interests

It is by no means accidental that the beleaguered administration of President Maduro in Venezuela has chosen this particular time frame to make menacing signals towards Guyana specifically – at least so it seems – to seek to disrupt this country’s move to finally begin to initiate its oil recovery efforts.

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corportation or Ministry of Agriculture.

Twenty per cent allocation of state contracts to small businesses for January 1 start

-only small businesses registered with Small Business Bureau will have access

Chief Executive Officer of the Small Business Bureau, Dr Lowell Porter, on Tuesday confirmed that the way had been cleared for the full and effective implementation of the provision in the Small Business Act of 2004 for the allocation of 20% of government contracts to local small businesses.

No pact yet with Cevons, Puran on January garbage disposal resumption

-fears of arbitrary altering of contracts arise

The administration of the capital’s garbage disposal services would appear to be slipping deeper into a dysfunctional state with differences between City Hall and its two biggest garbage disposal service providers seemingly escalating following a meeting between the two sides on Wednesday.

Marcelle Allen’s Check Me, Natural Hair ‘clinic’

Marcelle Allen’s permanent smile lights up the small, even somewhat cramped stall, the first as you enter the door of the Big Apple  on Robb Street, immediately west of the editorial offices of the Stabroek News.

Only two commercial banks onboard with Small Business Bureau’s lending programme

After four years…

The decision by some of the country’s commercial banks not to work with the state-run Small Business Bureau (SBB) in pursuit of its Micro and Small Enterprise Development (MSED) programme continues to be a disappointment to the institution but one over which it has no control, Chief Executive Officer Dr Lowell Porter has said.

Vendors, buyers satisfied with GMC’s Christmas Market

For all the challenges that continue to be associated with finding adequate local markets for the volumes of fruit and vegetables produced by local farmers, the New Guyana Marketing Corporation (GMC) continues to undertake periodic initiatives to bring buyers and sellers from the coastal regions together.

Regional food import bill stuck at US$4 billion

-Mottley wants cross-border investment in agriculture

Five years and counting… More than five years after alarm bells were first sounded over the size of the region’s annual food import bill, the yearly cost of bringing in food to the Caribbean – mostly from North America – remains anchored at US$4 billion.

Market Prices

The new Guyana Marketing Corportation 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 December 20, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

City Chamber seeking good governance for ‘formidable’ oil and gas sector

While the Georgetown Chamber of Commerce and Industry (GCCI) is upbeat about the prospects of Guyana landing a “formidable” oil and gas industry, it wants to see movement in the direction of complementary investments in the various other critical sectors that have a bearing on the overall development of the country.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 804’s trading results showed consideration of $27,558,850 from 249,762 shares traded in 19 transactions as compared to session 803’s trading results which showed consideration of $14,135,665 from 98,398 shares traded in 23 transactions.

Still nothing from public/private sector organizers on outcomes of GuyTIE

After almost three months…

Staged with much aplomb at the prestigious Marriott Hotel as a joint public/private sector initiative in collaboration with the Caribbean Export Development Agency, the September 19-22  Guyana Trade and Investment Exhibition (GuyTIE) was envisaged as a Business to Business forum, “a platform for local export-ready businesses to engage foreign buyers and other potential partners.” Specifically, its objectives, according to the organizers, were to  “promote packaged investment opportunities” for foreign direct investment and local investment; to prepare and promote export-ready firms for export markets and to highlight Guyana as a destination for business.

Contemplating the region’s coconut sector

Driven by a health and wellness trend, the global demand for fresh coconuts, coconut-based products and value-added products are at an all-time high and is projected  to  continue to grow exponentially.

More oil, more optimism?

Ten strikes and counting…

With last week’s disclosure by ExonMobil of a tenth oil find offshore Guyana since May 2015, international investor interest in the country as potentially the next ‘high flier’ in the global oil and gas industry persists.

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 gas, aviation sectors to be ‘inducted’ into workplace safety alliance – Scott

-Lewis takes Minister to task on workers’ rights issues

The oil and gas and aviation sectors are to be included in an “alliance” created by the Ministry of Social Protection in an effort to curb the incidence of accidents in the various sectors, Minister in the Ministry of Social Protection Keith Scott told the National Assembly in his post-budget presentation earlier this week.

Guyanese cuisine and the essence of Restaurant Week

These days, you get the feeling that an increasing number of Guyanese are prepared to ‘shell out’ good money to ‘eat out,’ if the menu is reflective of the best of the Guyanese cuisine culture.

Willing the season to come

Seasonal Notes

By Tuesday of this week the evidence on downtown Regent Street pointed to the non-arrival, up until now of what we in Guyana describe as the Christmas spirit.’ Part of it  is usually manifested in the jousting for space on the pavement between shoppers and vendors, each group animated in their separate preoccupations – .with shopping and vending, respectfully.

Kitco Market Data

Gold Prices for the three day period ending Thursday December 6, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Small Business Bureau tagged for key role in 2019 budget

With the provisions of the 2019 budget  pointing in the direction of a major focus on small business development in the new year, government appears to have handed the Small Business Bureau (SBB) a major role in positioning the sector as a factor in ensuring economic growth and employment generation in the new year.

The Department of Labour’s safety and health ‘alliance’

Taken at surface level Minister Keith Scott’s disclosure in his post-budget presentation in the National Assembly earlier this week regarding the creation of an “alliance” designed to help curb the incidence of workplace accidents in the various high risk sectors is an interesting one particularly since, outside of mining and the traditional areas where workplace accidents occur with some regularity, the Minister has also based on his presentation in the National Assembly embraced the oil and gas and aviation sectors, which, going forward will assume an increasing prominence in the country’s economy, as part of the alliance.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 802’s trading results showed consideration of $30,282,757 from 403,961 shares traded in 14 transactions as compared to session 801’s trading results which showed consideration of $7,612,693 from 82,031 shares traded in 11 transactions.

Budget signals focus on more robust agricultural sector

As ‘first oil’ draws closer…

Seemingly seeking to heed  the persistent warning that Guyana should not allow the advent of oil and gas to result in a neglect, or worse, a wholescale abandonment of those sectors that have historically sustained the country’s economy, the APNU+AFC coalition administration this week used the presentation of its budgetary proposals for 2019 to set out plans for what it says is “production, transformation and agricultural transformation” which, it is envisaged, will coexist with the historic move with the recovery of ‘first oil’ in 2020.

The Balance: Waiter service aiming to add elegance to seasonal revelry

Two close school friends who first met each other in First Form at Charlestown Secondary School have not only retained their friendship through their teen-age years and into adulthood but have now pooled their resources and their talents to create a business for themselves and jobs for other young people through The Balance, a professional waiter service that appears destined to make a mark in one of the country’s fast-emerging sectors.

Nand Persaud & Company taking rice industry’s challenges in its stride

-as it embarks on new market-seeking ventures

For all its challenges associated with weak infrastructure, high investment costs, unfavourable weather and an unpredictable global market, Chief Executive Officer of one of Guyana’s most successful investors in the sector, Nand Persaud and Company, Rajindra Persaud firmly believes that over the long haul the rice industry has been a stayer, a success and that it has proven itself to be very much the front runner in the country’s still highly valued agricultural sector.