The 2019 Budget: Implementing undertakings

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As has been pointed out in our lead story on government’s proposals for the agricultural sector in 2019, there appears to be a deliberate effort to send a message in the 2019 budget proposals that approaching ‘first oil’ will not have the effect of placing agriculture, a sector that has, historically, served the nation well, on the back burner.

Eighty-four thousand empty hotel rooms nightly hurting tourism sector – CHTA Director General

If the Caribbean is truly keen on significantly increasing its earnings from the region’s tourism sector one way of doing so is through the launch of an aggressive marketing initiative that targets the filling of its thousands of hotel rooms that remain vacant every night, Chief Executive Officer and Director General of the Caribbean Hotel & Tourism Association (CHTA) Frank Comito says.

Gold prices

Kitco Market Data Gold Prices for the three-day period ending Thursday November 29, 2018

The 20% state contract allocation for small businesses should be in place now

Two years ago, almost to the day, Finance Minister Winston Jordan told Guyanese in his 2017 budget presentation that it was the intention of the Government to preside over the full and effective implementation  of the provision in the Small Business Act allowing for small businesses to have access to 20% of state contracts which are within their competence to execute.

Kitco Market Data

Gold Prices for the three day period ending Thursday November 22, 2018

GASCI Market Journal

GASCI ( Nº 223-6175/6) reports that session 800’s trading results showed consideration of $49,095,166 from 661,171 shares traded in 16 transactions as compared to session 799’s trading results which showed consideration of $81,667,314 from 330,248 shares traded in 9 transactions.

Stock Market Updates

Stock Market Updates  GASCI ( Nº 223-6175/6) reports that session 798’s trading results showed consideration of $22,450,430 from 305,719 shares traded in 8 transactions as compared to session 797’s trading results which showed consideration of $14,492,957 from 212,184 shares traded in 19 transactions.

UG’s “purpose built” Institute of Food and Nutrition Security offering degree from January

Next year’s formal commencement of tuition by the University of Guyana’s Institute of Food and Nutrition Security (IFANS) is inextricably linked to his administration’s objective of fashioning a university that is directly responsive to the developmental needs of the country, University of Guyana Vice Chancellor, Professor Ivelaw Griffith has told the Stabroek Business.

UMAMI raising the bar in agro-processing

-upgraded factory operations targeting expanded overseas market

At thirty six Chris Persaud could easily be mistaken for a laid back, carefree post-graduate hopeful with a host of ideas and a dream of one day taking a tailor-made place within a niche suited to his talents…………except that Chris may have already found his niche in business  through a company which he built from ground up and which in a few short years has moved quietly close to the very top of Guyana’s agro-processing sector.

ExxonMobil hunting next Guyana ‘find’ in Africa

Having realized nine oil finds offshore Guyana since 2015, oil and gas reported on Wednesday that the global oil giant ExxonMobil is eyeing western and southern Africa as potential locations for a comparable oil bonanza.

Puerto Rico’s revised fiscal plan approved over government opposition

SAN JUAN,  (Reuters) – Puerto Rico’s federally appointed financial oversight board on Tuesday unanimously approved a revised fiscal reform plan meant to put the bankrupt island on a path toward solvency, but faced opposition from its elected government for being too strict.

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.

Stock market updates

GASCI ( Nº 223-6175/6) reports that session 796’s trading results showed consideration of $5,529,953 from 67,316 shares traded in 13 transactions as compared to session 795’s trading results which showed consideration of $22,950,100 from 127,522 shares traded in 9 transactions.

Kitco Market Data

Gold Prices for the three day period ending Thursday October 25, 2018Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Guyanese women agro-processors, craft producer for St Vincent event

Unrelenting in their search for regional and extra-regional markets for the ever-increasing range of ago-produce being churned out in places ranging from domestic kitchens to makeshift factories, five local agro-processors and a craft producer are preparing to travel to St.

Royal Chicken multi-million dollar brand going places

Feed production plant, tunnel rearing on the cards

If you mention the brand Royal Chicken in a conversation about the local poultry industry you will probably not get the kind of knee jerk response that some other brands elicit.

Street-vended foods and their safety risks: Protecting the vulnerable

With street-vended foods at least equaling restaurant-prepared and home-cooked food in their popularity in Guyana and elsewhere, they have, understandably, become associated with significant health risks arising out of the sheer frequency of their consumption in circumstances where their food-safety ‘credentials’ are, for the most part, unknown.

Canada launch of legal marijuana leaves Caribbean at starting line

As of Wednesday, Canada, not known traditionally for a liberal official policy on drugs, launched its own legal marijuana marketplace marking what a Jamaica Gleaner article calls “a profound social shift” though the article argues that what has pushed Canada in this direction is a “fervent desire to rein in an unregulated and continually growing black market for the widely popular substance and to bring it into a regulated tax system.” The move is even more significant when account is taken of the fact that by placing a tag of legalization of the commercialization of marijuana, Canada outflanks its historically more liberal neighbour, the United States, where still only some states allow recreational and medicinal use of marijuana among people aged 21 and older.

Kitco Market Data

Kitco Market Data Gold Prices for the three-day period ending Thursday October 18, 2018

Market prices

(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.

The Berbice Bridge toll

The legitimacy or otherwise of the adjusted toll rates recently announced for the Berbice Bridge aside, there are, as every rational thinking person would agree, other considerations which are at least of comparable importance.

Food & Drug Dep’t virtually helpless in face of global ‘drugs cheats’ – source

Corruption driven by multi-billion million dollar global fake drugs industry

While the recently announced ‘new rules’ setting out conditionalities for the importation of drugs into Guyana, including the stipulation that the labels be printed in English may be well-intentioned, they are likely to have very little effect unless the Government Analyst-Food & Drug Department (GAFDD) is given “both the authority and the tools” to ensure that the news rules are “rigidly enforced, an experienced local Hospital Administrator has told the Stabroek Business.

Déjà Vu? City’s $150M debt could see withdrawal of garbage disposal services

The capital’s two biggest waste disposal companies, Cevons Waste Management and Puran Brothers appear poised to take steps to press City Hall into making good on payments due to the two companies for services provided earlier this year, the debt now having reached a figure well in excess of $150 million dollars since government’s intervention last year to liquidate the more than $300 million owing to the two companies up to that time.

STEM Guyana seeking diaspora, private sector support for new “Reading and Robotics” initiative

STEM Guyana and its partners have launched a nationwide Reading and Robotics programme in order encourage students   to   read   more,   while creating   opportunities   for   them   to   learn   about   robotics,   coding   and   Mathematics, and Chairperson of STEM Guyana Karen Abrams has said that support from the diaspora and the business community will be critical for its success.

Corporate Supplies, Print Smart and the business acumen of Derron Adams

If you look hard enough and for all the ‘tough times’ associated with doing business in Linden there are still a number of micro and small businesses run by proprietors who simply refuse to ‘throw in the towel.’ They have grown used to the peaks and troughs associated with entrepreneurship in a township that has had to readjust from an economic culture centred around wage labour.

Green Expo to promote economic diversification

The planned inaugural Green Guyana Expo and International Small Business Summit is being touted as a demonstration of Guyana’s plan to promote economic diversification using oil revenues.