…as Guyana’s trade and investment showpiece

GUYEXPO’s protracted reign as the standard bearer for expanding exports and attracting investments into Guyana could come to an end later this year with the staging of the first offering of a new initiative, the Guyana Trade and Investment Exhibition (GUYTIE) from September 19-22.  

Company secretaries – adding value to organisations

Corporate governance - GCCI column

David Jackson, the Company Secretary of British Petroleum said in 2008 ‘In today’s world, the role of the company secretary has no one meaning and covers a multitude of tasks and responsibilities.

Differences over ExxonMobil contract should not impede readiness for oil and gas – Lincoln Lewis

-Kaizen, Apollo Global providing training with Critchlow Centre

Last week’s delivery of a two-day preliminary course in oil and gas at the Critchlow Labour College marks the inaugural initiative of the Critchlow Labour College in pursuit of the establishment of a Critchlow Centre for Oil and Gas, according to the Secretary to the College’s Board of Directors Lincoln Lewis.  

The Chin’s brand: Maintaining a high standard in the green seasoning market

Few locally manufactured food products are more popular than food seasonings and with more than a dozen brands of the product on the local market (to say nothing about the foreign brands that appear increasingly on the supermarket shelves) manufacturers are kept constantly on their toes if they are to keep pace with the competition. 

Mercury Emissions from Artisanal and Small-Scale Gold Mining

The Mercury Problem in Artisanal and Small-Scale Gold Mining Part two

In Artisanal and Small-Scale Gold Mining (ASGM), the amalgamation process, tailings processing, and gold recovery from the amalgam result in substantial release of mercury into the environment.

Kitco Market Data

Gold Prices for the three day period ending Thursday May 31, 2018

Getting it together: Public/Private Sector Relations

Over a protracted period of time the relationship between the Government of Guyana and the private sector as represented by the major Business Support Organizations has proceeded in fits and starts and if the truth be told the failure to see eye to eye has not always been on account of differences that have had to do with business and the economy.

GMSA pushing for 20% of agro-processed foods to come from local producers

The delegation representing the Guyana Manufacturing & Services Association (GMSA) says that one of the “immediate solutions” to the challenges facing the local manufacturing sector could be to have a greater share of public procurement sourced from local agro processors providing the product is available and of suitable quality and competitive price”.

Rice exports facing supply crisis

-Gov’t input needed to bring more lands under cultivation, says Nand Persaud CEO

The Head of one of the country’s leading players on the international rice market has told Stabroek Business that the expansion of Guyana’s rice sales on the international  market could come under serious threat unless the industry undergoes urgent expansion of lands for rice cultivation and modernization of other critical operational aspects of the country’s industry. 

Ministry of Business Column

Business Environment Reforms: A Ministry of Business Perspective

An accommodating business environment is one that encourages business efficiency and incentivizes innovativeness and increased productivity, two key sustainable development factors.

Kitco Market Data

Gold Prices for the three-day period ending Thursday May 24, 2018Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Agro–processing on the up and up

If the adage about one swallow not making a summer clearly applies to the recent initiatives by the Government of Guyana and the Guyana Manufacturing and Services Association (GMSA) to attempt to breathe new life into the country’s agro-processing sector, it would be churlish not to acknowledge the recent developments in the sector and what we should be reading into it.

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 ( Nº 223-6175/6) reports that session 774’s trading results showed consideration of $106,100 from 5,125 shares traded in 3 transactions as compared to session 773’s trading results which showed consideration of $20,537,831 from 62,847 shares traded in 7 transactions.

Regional aviation handlers for 15th AGM in Guyana today

Guyana’s aviation sector will record a modest but important milestone today when it commences the hosting of the 15th Annual General Meeting of the Caribbean Aviation Handlers Association (CAHA) in the country’s capital, Georgetown.

UG School of Business hosting inaugural entrepreneurship forum

A significant step in the direction of forging the long sought closer ties between the University of Guyana and the country’s business community will be taken this weekend when the university’s recently established School of Entrepreneurship and Business Innovation (SEBI) commences its first ever Entrepreneurship   and Innovation Conference under the theme “Economic Transformation through Entrepreneurship   & Innovation.” The Conference, which will held from May 20 to May 22 at the Ramada George-town Princess Hotel gives effect to an undertaking given by UG Vice Chancellor, Professor Ivelaw Griffith during an extended interview with the Stabroek Business some months ago that he was aiming to have SEBI play a role in creating meaningful linkages between UG and the local business community.

Bankers Association: T&T recovery at fragile stage

(Trinidad Guardian) The Bankers Association of Trinidad & Tobago (BATT) has noted the optimism by Finance Minister Colm in his 2017/2018 mid-year budget review but said there is still a lot of work to be done to consolidate the gains made and press ahead with restructuring public finances.

For Big Oil, reserve size matters less than ever

LONDON,  (Reuters) – A decade ago, the news that the world’s top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off in their shares.

Kitco Market Data

Gold Prices for the three-day period ending Thursday May 17, 2018

Impediments to CARICOM free trade raised again at COTED

-recourse to CCJ mentioned

-honey, duck meat among items facing hurdles If the Council for Trade and Economic Development is to take seriously long outstanding issues, particularly those relating to non-compliance by member states based on provisions of the Revised Treaty of Chaguaramas, consideration must be given to their rights to take those matters to the Caribbean Court of Justice.

Caribbean soft drink companies sparring over sugar content in carbonated beverages

Even as the World Health Organization (WHO) intensifies its global lobby for a sharp reduction in the sugar content of popular soft drinks on health grounds, the regional soda industry is seizing hold of the issue as a selling point for its own sugar-based beverages, through claims that they have moved to reduce sugar levels in their products.

Checks and balances

There can be no question than that the high rate of urban unemployment and what is widely believed to be a consequential high rate in the commission of crimes, both petty and significant ones, that those institutions responsible for managing the affairs of the capital at the levels of both local and central government have a responsibility to do what lies within their authority and their resources to create meaningful and sufficient employment for residents of the capital.

Paltry tourism investment, marketing leaves Mainstay’s potential unrealized

None of its natural features make a more eminent case for Essequibo’s potential as one of Guyana’s most attract tourist destinations than its tranquil and idyllic lakes, not least Lake Mainstay, located at the Mainstay/Whyaka Amerindian Village, seven miles from the region’s administrative hub at Anna Regina and a twenty-minute plane ride from Georgetown.

Business Support Organizations ill-equipped to meet private sector needs

-former GCCI President

Former Georgetown Chamber President, Vishnu Doerga wants local Business Support Organizations (BSO’s) to improve their capacity to provide advocacy, technical support and other services to the country’s private sector, responsibilities which he says, are not being discharged effectively at this time.

After PetroCaribe: Brazil now leading rice supplier to Venezuela

Amidst its political and financial crisis and seemingly in response to widely reported food shortages in the country Venezuela is reportedly continuing to import significant quantities of rice since parting company with the 2009 rice for oil (PetroCaribe) deal with Guyana. 

Essequibo boat-building benefitting from fishing industry

If fishing has always been an integral part of Essequibo’s economy there is evidence that the transformation that has descended upon business in  the region has rendered the fishing industry increasingly important to the livelihoods of its residents.

Ministry of Business Column

The use of an Electronic Single Window to facilitate trade

Trade facilitation plays a vital role in economic growth and development and impacts in a measurable way on the ease of doing business in various countries.

What to do about Guyana’s craft industry

Local craftsman Lance Mc Pherson talks with Stabroek Business

At fifty-three, work and family having long been at the very centre of his existence, Lancelot McPherson says that the time is long overdue for a frank, open and decidedly public conversation on the local craft industry if it is ever to come even remotely close to fulfilling its potential as much as a viable sector of the country’s economy as well as a vehicle for satisfying both the economic and the creative cravings of the nation’s huge army of largely talented craftspeople.

Princess Cosbert’s Herbal Teas

Nature’s Finest…

Thirty-two-year-old Princess Cosbert’s story of how, about two years ago, she came to establish an enterprise that is beginning to make its name as a manufacturer of what is commonly referred to in Guyana as ‘bush’ tea (teas brewed from an assortment of leaves, vines, barks, berries and flowers that grow randomly in various parts of the country) is not one that you are likely to forget easily.

Kitco Market Data

Gold Prices for the three day period ending Thursday May 10, 2018Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock market updates

GASCI ( Nº 223-6175/6) reports that session 772’s trading results showed consideration of $33,064,349 from 252,766 shares traded in 16 transactions as compared to session 771’s trading results which showed consideration of $4,098,604 from 69,362 shares traded in 10 transactions.