Business
GMSA, IDB spearhead historic webinar on tackling COVID-19 agriculture challenges
Looking beyond the formidable challenges posed by the advent of the still rampaging COVID-19, the Guyana Manufacturing & Services Association (GMSA) on Wednes-day joined forces with the office of the Inter-American Develop-ment Bank, the Ministry of Agriculture and various non-state and private sector individuals to stage a historic webinar designed to examine opportunities for ensuring that the country’s agriculture sector loses none of its robustness in the post-COVID environment.
Private Sector budget assessment
The National Budget for 2020, referred to as an ‘emergency’ budget, encompassed a variety of fiscal measures designed to quickly revamp the economy.
Fraud fright: IMF wants strict controls on countries’ COVID-19 spending
With reports of spending by some countries on materiel linked to their responses to the COVID-19 pandemic already tainted by irregularities, including major fraud, the International Monetary Fund (IMF) is seeking the implementation of measures by countries to offset what it describes as risks of diluted accountability and weakened fiscal control in the context of the pandemic.
Winter bookings point to tourists keeping faith with Caribbean destinations: CTO Head
If it may still be a tough trek back to anything resembling normalcy for the Caribbean tourist industry, some of the earliest indications are that what the region has to offer in terms of tourist attractions remains highly favoured by the international market.
Business Cartoons
Market Prices
Kitco Market Data
Gold Prices for the three day period ending Thursday September 24, 2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
Global banking sector ‘heavies’ fingered in deals with criminal networks
The international financial sector was reportedly alive with talk earlier this week over reports that a number of prominent banking institutions have been profiting handsomely from illicit dealings from what a media report seen by the Stabroek Business describes as “disreputable people and criminal networks.”
The GMSA’s landmark virtual gathering
In more ways than one the international community has been ‘caught out’ by the advent of the coronavirus.
Webinar on Guyana’s agriculture, agro processing sectors set for Wednesday
What seems set to be the most significant virtual communication forum undertaken by any local state or non–state agency up to this time, against the backdrop of the strictures to face-to-face communication imposed by the still rampaging coronavirus, will take place on Wednesday September 23rd to enable an incisive probe into issues relating to the post-Covid-19 fortunes of Guyana’s vital agriculture and agro-processing sectors.
Watch out for corruption in post-COVID-19 spending
With public infrastructure investment set to play a key role in post-COVID-19 recovery in developing countries, governments will be challenged to protect public funds from the scourge of corruption and to otherwise make informed decisions with regard to the allocation of funding of projects, says the International Monetary Fund (IMF).
Politicians and mining madness in hinterland
The news earlier this week that a Brazilian miner was fined $12 million for allegedly committing several environmental transgressions in pursuit of his mining activities, including destroying a section of the Cuyuni River bank, would by now have gotten left behind amidst the various other issues that compete for public attention at this time.
Business Cartoon
‘Pomeroon Rose’ and her Virgin Coconut Oil: We’re in it for the long haul
One of the Pomeroon’s best-known female farmers, Rosemund Benn, has found her entrepreneurial calling in the manufacturing sector.
Once an American foe, now a friend: OPEC turns 60
LONDON, (Reuters) – In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S.
Metro’s new website, e-commerce platform addresses “evolving needs of customers” – CEO
Aiming it says, to offer customers service “in a high-tech-low-touch atmosphere in light of the recent COVID-19 pandemic” Metro Office and Computer Supplies has announced the launch of its website and e-commerce platform, with effect from August 20.
BHP continues its deepwater gas exploration off Trinidad
(Trinidad Guardian) Australian Outfit BHP Billiton has discovered between 5 and 6.6 trillion cubic feet (tcf) of natural gas in T&T’s deepwater, according to Energy Minister Franklin Khan.
Jamaican-owned I-Bet gambling setup aiming for comeback after poor start
Seeking, it says, to breathe new life into its operations here, the Jamaican-owned gambling establishment, Supreme Ventures Guyana Holdings, says that it has set March 2021 as a timeline for recovery from the shaky start to its operations which commenced here in 2019.
Stock market updates
Stock market updates GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 880’s trading results showed consideration of $4,294,871 from 42,938 shares traded in 16 transactions as compared to session 879’s trading results which showed consideration of $8,967,093 from 97,893 shares traded in 18 transactions.
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