Business

-following franchise deal, first shop to open on Brickdam A young Guyanese-American couple has packed up and moved here, bringing with them a US$350,000-$600,000 investment in the US donut franchise –Duck Donuts- which they both believe is the sweet treat this country needs.

The Georgetown Chamber of Commerce and Industry’s (GCCI) Agriculture Committee, in collaboration with World University Services of Canada (WUSC) with funding from Global Affairs Canada, recently hosted a ‘Farmer-to-Business Symposium’ at the Splashmin’s Conference Room, on the Linden/Soesdyke Highway, under the theme, “Opportunities in Agriculture through Innovation and Collaboration”, a GCCI release stated.

– 10,000 house lots to be assigned The government on Wednesday announced plans to develop 10,000 house lots at Moleson Creek in Region Six over the next three years as part of a strategy to transform the area into an economic hub.

At the recently held 34th Special Meeting of the Council for Human and Social Development (COHSOD) Labour, Caribbean Community (CARICOM) Ministers of Labour agreed to a harmonised and sustained approach to matters related to labour that impact the free movement of people within the Community, a CARICOM Secretariat release stated.

The Georgetown Chamber of Commerce & Industry (GCCI), through its Petroleum Committee, recently hosted an engagement session with ExxonMobil Guyana (EMGL) for its members to learn more about the company’s operations and future plans within the energy sector.

-employ 2,635 Chinese nationals At a press briefing on Wednesday, Huang Rui, Chargé d’ Affaires  at the Chinese Embassy in Guyana, addressed the growing footprint of Chinese businesses in the country, particularly in the retail sector.

(Trinidad Guardian) The Ministry of Finance has entered into a Memorandum of Understanding (MoU) with the US Customs and Border Protection (CBP) to provide this country’s Customs and Excise Division with the relevant technical assistance, training and transformative initiatives to further strengthen the entity’s overall operations and its compliance efforts.

Machinery Corporation of Guyana Ltd (MACORP), the authorised Caterpillar dealer in Guyana, recently facilitated a comprehensive 3516 Generator Set – Operator Training Programme for ten employees of Guyana Power and Light Inc (GPL) representing operations in Berbice, Kwakwani, and Essequibo, a MACORP release stated.

The Origins Guyana Fashion Festival set for May 2 to 4 at the Railway Courtyard in Kingston, Georgetown is entering its final stage of preparations, a Department of Public Information release stated.

The Guyana National Bureau of Standards (GNBS) is conducting outreaches to outlying communities a part of its work programme to decentralize its services to communities away from the coastland.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1119’s trading results showed consideration of $98,318,521 from 296,674 shares traded in 51 transactions as compared to 1118’s trading results which showed consideration of $25,525,621 from 103,831 shares traded in 29 transactions.

Kitco Market Data Gold Prices for the three-day period ending Thursday April 17, 2025.

-EPA says no impact assessment required The Environmental Protection Agency (EPA) says the 14-storey luxury hotel planned for the grounds of the Pegasus Corporate Centre does not require an impact study.  In a notice in Wednesday’s Guyana Chronicle, the EPA said that among other things air quality will not be significantly affected as particulate matter emissions are primarily from the project’s construction phase.

-underlines importance of formalizing sector `As this sector continues to expand, regional strategies are needed to formalise gig work, strengthen protections, and ensure that the future of work includes everyone—whether behind a desk, a wheel, or a screen’ Addressing the opening of the 13th Caribbean Ministers of Labour Meeting at the Arthur Chung Conference Centre on Monday, Prime Minister Mark Phillips called for greater regional coordination to address the needs of informal workers, bolster labour resilience, and secure a more equitable future for the Caribbean workforce.

-Mustapha tells Chamber of Commerce head Several packaging and agro-processing facilities across Guyana are currently undergoing upgrading and modernising in an effort to empower farmers and agro-processors to produce more processed and value-added commodities.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1118’s trading results showed consideration of $25,525,621 from 103,831 shares traded in 29 transactions as compared to 1117’s trading results which showed consideration of $15,558,027 from 53,208 shares traded in 28 transactions.