Some observations on the 2014 half-year report

Apprehension This article offers some observations on the half-year economic report which are made from the perspective of the likely behaviour induced by movement of the monetary variables of credit, foreign reserves and the exchange rate.

Young tourists and foreign investment

Inconsistent   The disclosure that another hotel with an international brand will be built in Guyana has raised once again questions as to what the government’s real interest is in encouraging such types of foreign investment in Guyana.

Expect it to get worse

Rogue drivers The minibus culture of reckless and indisciplined driving is expected to get worse as time goes by unless the police adopt a more aggressive attitude towards the rogue drivers in the industry.

World Bank sharpens its focus on individuals

Unique way In what could be a unique way to focus attention on the issue of poverty and how it could be tackled, the World Bank in its World Development Report 2014 points to the need for risk management by all economic units in an economy.

The Guyana Bank for Trade and Industry

Leadership   The Guyana Bank for Trade and Industry (GBTI) is the second largest bank in Guyana with about 25 percent of the deposits, a market capitalization of $25 billion and assets to the tune of $95 billion or 28 percent of the assets under the control of the commercial banks.

Citizens Bank Inc.

Smallest In a market of diverse ownership, Citizens Bank is one of three commercial banks that have majority Guyanese ownership.

The 2014 budget

Centerpiece The anticipations of the 2014 budget are over.  The Minister of Finance delivered the intention of the government to create a better Guyana for all Guyanese that carries a financial tag of $220 billion.

Economic trends in the Guyana economy

Business focus A new year has begun and many businesses are getting in stride with implementation of the plans that they would have developed for execution in the unfolding operating period.

The dawning of a new era

Part 2   Customer behaviour   As was noted in Part 1 of this article, the management of DDL is in control of the economic resources of the company and has little to fear from shareholder activism.

The savings paradox in Guyana

Continued from last week   Asymmetry of information The proposed regulatory changes identified in the previous part of this article reflect several deficiencies in the form and substance of reports.

The savings paradox in Guyana

(Part 1) Choice of Theme Last week the Institute of Chartered Accountants of Guyana held its annual conference under the theme “Focus on Financial Services”.

Doing it alone

Variable performance Sterling Products Limited (SPL) is about to complete its ninth month of operation in 2013 and its economic performance might well remain an enigma to its shareholders as the company moves towards its 59th Annual General Meeting next year.

At age 10

Anniversary On June 30, 2013, with all attention on concerns about the expansion of the airport, the future of sugar, legislation about anti-money laundering and financing of terrorism, the price of gold and critical deadlines about the Amaila Falls hydropower project looming, no one noticed that the Guyana Stock Exchange (GSE) had reached an important milestone in its existence.

Living a life in limbo

Continued Cost control Last week, it was observed that though GNPL was experiencing significant difficulties, its management was making the best of a bad situation.