Kitco Market Data

Gold Prices for the three-day period ending Thursday May 18, 2017 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Import substitution

Earlier this week we received some uplifting news from the agricultural sector, through the National Agricultural Research and Extension Institute (NAREI) regarding a breakthrough in the cultivation of some crops not previously known to have been cultivated on a sustained basis in commercial quantities in Guyana, including onion and potato.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 721’s trading results showed consideration of $8,876,776 from 247,472 shares traded in 13 transactions as compared to session 720’s trading results, which showed consideration of $14,425,378 from 230,078 shares traded in 4 transactions. 

`Free and easy’ entry of unauthorised foods undermining local manufacturers

-Food and Drugs Director

With the Government Analyst Food & Drug Department (GAFDD) now tasked with the weighty responsibility of effectively closing the door on the ‘dumping’ of food and drugs in the country that do not qualify for entry under the existing regulations, its Director Marlan Cole has told the Stabroek Business that unless systems are put in place to end the practice, it will, in the longer term, affect Guyana in more ways than one.

Former PSC Head wants Competitiveness Council to serve as recognized forum for public/private sector dialogue

– says political labelling must end

Against the backdrop of a low-key meeting between high level government and private sector officials on Thursday May 4, following a protracted interlude of iciness and harsh words on both sides, former president of the Private Sector Commission (PSC) Gerald Gouveia has told the Stabroek Business that differences between the state and the business community were likely to persist to the detriment of the Guyana economy unless a reliable mechanism was found to ensure that “the door to dialogue and discourse” between the two sides was kept open “even in the face of differences and verbal hostilities.” Speaking with this newspaper on the significance of the meeting between public and private sector delegations led by Finance Minister Winston Jordan and PSC Chairman Edward Boyer, respectively, Gouveia said that while the meeting itself was conducted in a spirit of cordiality and concluded “on a positive note,” it was clear that “the business of the public/private sector agenda”

 UG’s School of Entrepreneurship gets praise from business executives

The announcement of the launch by the University of Guyana of its School of Business, Entrepreneurship and Business Innovation (SEBI) from next semester has attracted high praise from two local chief executive officers (CEOs), both of whom say that the initiative points to a long overdue move to help respond to the challenge of skills shortages facing the private sector.

Street-vended foods and food safety requirements

First Instalment During the course of a recent food handling forum executed by the Government Analyst Food and Drugs Department (GAFDD) and contributed to by various other state agencies, the Stabroek Business met and spoke with food vendors, including small operators whose businesses are modest and underdeveloped.

Building the future in Latin America and the Caribbean

By Jorge Familiar Jorge Familiar is World Bank vice president for Latin America and the Caribbean As Latin America and the Caribbean begins to emerge from six years of economic slowdown, including two of recession, it is essential to find ways to nurture and strengthen this budding recovery.

Bettencourt food chain investing in $$M dining, events complex

A year after closing the doors of its most recently established restaurant that had operated on the ground floor of the Opus Hotel on Croal Street, the popular Bettencourt food service chain is preparing to launch a multi-million-dollar complex that will accommodate a restaurant, conference facilities and a banqueting suite, General Manager John Reman disclosed to Stabroek Business earlier this week.

School of Entrepreneurship looks to be a game-changer for UG

– aims to offer practical responses to business challenges, VC says

Come next semester, the University of Guyana (UG) will be opening the doors of its new School of Entrepreneur-ship and Business Innovation (SEBI), an initiative which Vice Chancellor Professor Ivelaw Griffith says is reflective of a re-examination of the relevance and delivery of the institution’s programmes “in keeping with national development, industry needs, student-centred learning and faculty development.” In a nutshell, all of this means that the University of Guyana, having undergone a re-examination of the relevance of its curriculum to the

International Internal Audit Awareness Month

– the Guyana chapter’s contributions

By John M. Seeram Board Member IIA Guyana Chapter The Institute of Internal Auditors (IIA) which is the global voice for the internal auditing profession has identified the month of May as the International Internal Audit Awareness Month.

InnoSyS aiming to be a beacon in the local IT sector

Chief Executive Officer of the almost five-year-old software development company Innovative Systems Inc (InnoSyS) Richard Langford believes that the company is making a case for taking pride of place among the local technology enterprises offering a suite of services that are relevant to Guyana’s needs.