Business

Venezuelan President  Nicolas Maduro
Venezuelan President Nicolas Maduro

Venezuela looks to gold to help salvage its stricken economy

As a combination of a sectoral performance crisis coupled with unrelenting US economic pressure continually reduces Venezuela’s once powerhouse oil & gas sector to the status of an unreliable economic asset, pressure to find options is reportedly compelling the country, increasingly, to look to gold as an economic life raft.

One of the hemisphere’s millions of small businesses offering locally made goods.
One of the hemisphere’s millions of small businesses offering locally made goods.

ILO puts projected COVID-19 regional job loss toll at 30 plus million

Latin American and Caribbean countries are being urged by the International Labour Organization (ILO) to adopt “immediate strategies” in an effort to respond to what it says is likely to be a toll of jobs losses in the region higher than that previously estimated.

MovieTowne

T&T cinemas ‘ketchin hell’ over COVID-19 strictures on operations

While several businesses in the regional entertainment sector continue to offer limited and intermittent services that help to keep business afloat during the rampage of the coronavirus pandemic, for the country’s cinema industry it is a question of whether it can get anywhere close to the end of the present long, dark tunnel, far less see light at the other end.

Starr Computer’s CEO Mike Mohan

Drug trafficking image could undermine Guyana’s export sector – Nand Persaud & Co CEO

Chief Executive Officer Nand Persaud and Company Ltd, Mahendra Persaud, told the Stabroek Business in an interview earlier this week that Guyana could well find itself in a position where its export capabilities become seriously compromised on account of what he says is an image of the country that has been fashioned out of the belief that it is a high risk insofar as the ‘export’ of illegal drugs is concerned.

New ISO accreditation raises Guyana’s international product assurance profile

The recent acquisition of a critical technical accreditation capability from the American Association for Laboratory Accreditation (A2LA) by the Government Analyst-Food & Drug Department (GA-FDD) is a major achievement for Guyana, the proportions of which cannot be adequately measured through the publicity we give such an achievement through the media, Director of the (GA-FDD) Dr Marlan Cole has told the Stabroek Business.

The new curfew hours

No one anywhere in the world would deny that the strictures that have had to be intermittently inserted and withdrawn by countries in order to try to stave off the worst effects of COVID-19 have imposed, what in many instances are, unbearable pressures on countries and particularly on their economies and their education systems.

Kitco Market Data

Gold Prices for the three day period ending Thursday October 01, 2020Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 882’s trading results showed consideration of $39,773,340 from 452,302 shares traded in 17 transactions as compared to session 881’s trading results which showed consideration of $4,210,448 from 41,333 shares traded in 13 transactions.

Market Prices

The New Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

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