Georgetown Chamber Business Forum opens today: No ‘talk shop’ – Indar

Seized, it seems, with a renewed sense of urgency arising out of the limited results secured so far from efforts to grow the entrepreneurial profile of much of the local business sector, the Georgetown Chamber of Commerce and Industry (GCCI) will, beginning this morning, stage a forum which Chamber President Deodat Indar has told Stabroek Business will seek to bring businesses and business support institutions together in an effort in an effort to ensure that such support services as are required to optimize business growth are placed at the disposal of both established and emerging entrepreneurs.

Keeping coastal-hinterland road, air links open must be a national priority – Gouveia

The social, economic and national security significance of the retention of strong links between the hinterland and coastal regions of Guyana means that keeping lines of communication open, “whether these be by land, sea or air” ought of necessity to be “considerations of national priority,” Chief Executive Officer of Roraima Airways Gerry Gouveia told the Stabroek Business on Tuesday.  

Laying the groundwork to realize Guyana’s tourism potential

By Brian Mullis Director                       Guyana Tourism Authority Travel and tourism will outperform the global economy throughout the next decade, growing by an expected 3.8% on average annually over the next ten years according to the World Travel & Tourism Council’s (WTTC) 2017 Travel & Tourism Economic Impact World report. 

GMC offering ‘street marketing’ opportunities for agro processors

With both the public and private sectors now seemingly focused on stepping up the pace of efforts to expand both the domestic and external markets for agro-processed products, local agro processors have been granted yet another of a number of modest openings to go beyond the established outlets in their quest to take their products to a limited local market.

Are the Caribbean’s wealthy new citizens a lifeline or a liability?

ST GEORGE’S, Grenada,  (Thomson Reuters Foundation) – Investing in the tropical Mount Cinnamon Resort in Grenada, with its white sand beaches, buys more than a slice of paradise – it comes with citizenship and a passport with visa-free entry to almost 130 countries.

Kitco Market Data

Gold Prices for the three-day period ending Thursday July 19, 2018Kitco 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.

Stock market updates

GASCI ( Nº 223-6175/6) reports that session 782’s trading results showed consideration of $2,784,068 from 14,391 shares traded in 8 transactions as compared to session 781’s trading results which showed consideration of $8,885,564 from 31,651 shares traded in 8  transactions.


If the recent promotional event at the Marriott Hotel is anything to go by it appears that there is considerable enthusiasm for the September 19th – 22nd Guyana Trade and Investment Exhibition (GUYTIE) which brings together the local public and private sectors in collaboration with the Caribbean Export Development Agency (Caribbean Export), its mission being to launch an experimental initiative in an effort to kick-start a long overdue project aimed at providing results-oriented interaction between local export-ready entities and buyers outside of Guyana with a view to significantly expanding overseas markets for locally manufactured products.  

Manufacturers hostage to onerous tax regime, dumping, high energy costs – Fibre Tech Boss

When you peruse the showroom at Fibre Tech Industrial Plastics tucked away on Agriculture Road, Mon Repos, a stone’s throw away from the National Agricultural Research and Extension Institute (NAREI) you are inclined to think that it is misplaced, that it ought to occupy space in downtown commercial Georgetown, where more eyes can see what the company has to offer.

Rain-affected interior roads creating havoc in timber industry – GMSA

-100,000 m3 of wood undelivered

The significant worsening of conditions of access roads “across the regions of Essequibo, Demerara and Berbice” is creating conditions bordering on a crisis in the timber industry, according to a release issued yesterday by the Guyana Manufacturing and Services Association (GMSA).

Subliminal messaging in marketing

I’m currently renovating a space and in observing the things I was drawn to I slowly realized that a lot of things I liked were pretty mainstream.

Public/private sector group briefed on water distribution, waste water tech

A two -day workshop designed to bring Guyana’s private and public sectors up to date with the latest technologies in a range of fields including water transmission and distribution and waste water treatment wrapped up here Wednesday afternoon with participants agreed that Guyana must embrace the latest technologies if it is to be competitive in offering quality products and services to local and international markets.

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.

Kitco Market Data

Gold Prices for the three day period ending Thursday July 12, 2018

Drone technology and the agricultural sector

There is probably a case for suggesting that the current (understandable) preoccupation with the imminent commencement of oil exploitation offshore Guyana and what this could mean for the future economic shape of our country could serve as a distraction from other equally important issues that have a bearing on the economy of our country and the well-being of our people. 

Last year 137 more farms cleared to export fresh fruit, vegetables

-Quarantine Department steps up ground, sea, aircraft inspections

With cross-border access into Guyana having long been relatively easy, protecting the country’s territory must focus not only on keeping undesirable elements out but also on protecting the population from ‘invasion’ by non-human yet harmful elements that could compromise the nation’s security no less seriously than armed invasion.  

Guyana’s small business procurement programme

The Government of Guyana is seeking to maximize the impact of public spending on the economic well-being of its citizens and the Small Business Procurement Programme is one means of achieving this.

Business School rolling out new programmes

One of the world’s leading professional marketing bodies, the United Kingdom-based Chartered Institute of Marketing (CIM) has issued a commendation to the Georgetown-based Business School “for the exceptional performance of its students at the Institute’s July 2017 assessments,” Chief Executive Officer and Principal of the school, James Bovell has told the Stabroek Business.

Vision, values and a garage jack

– The story of Reyead Auto Service

Reyead Shadeek believes that poor customer service has contributed significantly to undermining the reputation of the motor mechanical industry and he wants to do something about it.

Gold Prices

Gold Prices for the three day period ending Thursday July 5, 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 780’s trading results showed consideration of $623,750 from 648 shares traded in 4 transactions as compared to session 779’s trading results which showed consideration of $10,471,800 from 60,802 shares traded in 5 transaction.

Price Market

(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.

New man at the helm

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.

OPEC meeting upbeat on future prospects of oil

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.

Scanning the invest climate, going forward

INVEST- 2018/19

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.

Consumer Affairs Division wants better service from minibuses on agenda of union/ministry meeting

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.  

Testing but rewarding year for gov’t/private sector relations

- PSC Executive Director’s Report

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. 

Georgetown Chamber, Indian export facilitating body sign wide- ranging deal

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. 

Boyer calls for more jobs in `slowing’ economy

-says local businesses can work with ‘balanced’ oil and gas local content policy

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

Kitco Market Data Gold Prices for the three day period ending Thursday June 28, 2018