Business

Stock market

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 909’s trading results showed consideration of $892,232 from 8,749 shares traded in 7 transactions as compared to session 908’s trading results which showed consideration of $$49,098,157 from 440,723 shares traded in 20 transactions.

Professor Pat Francis
Professor Pat Francis

UGIRIE seeking to strengthen links between academia and entrepreneurship

Head of the University of Guyana’s recently established Institute of Research, Innovation and Entrepreneurship (UGIRIE) Professor Pat Francis says that the institution can play a novel role in creating a nexus between academia and the realization of initiatives that make ‘real life’ contributions to Guyana’s development.

Women-led businesses and the IDB’s ‘growing together’ gesture

The recent disclosure that the Inter-American Development Bank (IDB) has launched a funded programme – Women Growing Together in the Americas – which seeks to encourage women entrepreneurs in the hemisphere to integrate their businesses into foreign trade and regional value-chains, is deserving of region-wide acknowledgement. 

Presidents Ali and Santokhi during the latter’s visit to Guyana in August

Guyana: Beyond Oil

By Jerry Haar and Deanne Butchey  Newsamericas -March 25, 2021 Many believe that oil is the magic bullet that will hit the bull’s eye of prosperity for Guyana, dramatically increasing revenue, growth, and economic development (regardless of how and where that largesse is spent).

Guyana taking another tilt at improving trade relations with the region

With successive political administrations in Guyana having made several failed attempts at improving the country’s trading links with the rest of the Caribbean Community (CARICOM), the present government is reportedly having yet another try at improving trading links with the region, according to a March 27 Caribbean Business Report story which hints at the likelihood of yet another attempt to do so.

Carlos Felipe Jaramillo world bank vice president for latin America

COVID-19 learning losses could cost the region US$1.7t in potential earnings: World Bank

More than a year after the global onset of the COVID-19 pandemic triggered the hurried region-wide closure of schools across Latin America and the Caribbean, the World Bank has said in a report released last week that the consequential “enormous losses in learning, human capital, and productivity, may translate into a decline in potential aggregate earnings for the region of US$1.7 trillion, or approximately 10 per cent of total baseline earnings.”

Kitco Market Data

Gold  Prices for three day period Thursday August 2, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Green-lighting of 20% of state contracts for small businesses should be high priority

Under the previous political administration, two Ministers of Government, first, the then Finance Minister Winston Jordan and afterwards, Dominic Gaskin in his capacity as Minister of Business, made public what they said was government’s intention to usher in the full and effective implementation of the provision in the 2004 Small Business Act to allow for small businesses to access 20 per cent of state contracts in circumstances where the effective completion of those contracts lay within the scope of their competence.

Stock Market Updats

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 908’s trading results showed consideration of $49,098,157 from 440,723 shares traded in 20 transactions as compared to session 907’s trading results which showed consideration of $12,637,918 from 127,803 shares traded in 18 transactions.

President Irfaan Ali addressing the Local Content Policy forum earlier this year at the Arthur Chung Conference Centre. (Office of the President photo)

Former GCCI Head wants less local content clamour, more push for private sector growth

A former president of the Georgetown Chamber of Commerce and Industry (GCCI) has said that the current preoccupation by Business Support Organizations (BSO) with the Local Content spinoffs that promise to derive from the country’s emerging oil & gas industry ought to be matched by a corresponding vigorous lobby for the creation of a domestic economic environment that helps facilitate broader substantive private sector growth.

Talking Business: (L-R) BDF Presenter, Gary Thompson, Executive Director of the GCCI, Richard Rambarran, Senior VP of the GCCI, Timothy Tucker, Member of BDF Committee, Martin Massiah, Member of BDF Committee, Kiara Trotman

Remove the constraints

It has been more than 30 years since Guyana embraced free market principles that advanced the private sector as the engine room of the country’s economy.

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