Business

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.

CARICOM gearing for another tilt at NCD’s, child obesity

Locked in what appears increasingly, to be an uphill battle against childhood obesity, and what has been described as the “regional epidemic” of non-communicable diseases (NCD), the Caribbean appears to be preparing for its latest pushback against these twin scourges that lie close to the top of the region’s key health concerns.

Kitco

Gold Prices for the three day period  ending Thursday March 25, 2021 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock Market Updats

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 907’s trading results showed consideration of $12,637,918 from 127,803 shares traded in 18 transactions as compared to session 906’s trading results which showed consideration of $18,136,621 from 216,244 shares traded in 33 transactions.

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