Business

Average Wholesale & Retail Prices at Rural and Urban Markets                  *Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Gold Prices for the three day period ending Thursday September 17, 2020  Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

When COVID-19 struck Sandra Craig, the proprietor of SS Natural Fruit Flavors and one of the country’s more dynamic coastal agro-processors, she was in the middle of contemplating a major leap forward.

Even after poor countries with their abundance of oil & gas and other natural resources experience the thrill of discovery and exploitation, the road to accessing what they consider to be their fair share of those resources,  is still often strewn with formidable obstacles, as both Guyana and Papua New Guinea (PNG) are finding out.

Just six months after the establishment of a resident office here, Global Compliance Service Guyana Inc, the local operational office of the Geneva-headquartered International Organization for Standardization (ISO) Certification Body, Global Compliance Service (GCS), has successfully completed its first ISO certification process here.

The advent of the coronavirus has compelled significant shifts in the Stabroek Business’ coverage of micro- and small-business enterprises, our editorial attention now focussed to a greater extent on their coping capabilities and on the extent to which they have been able to sustain and even grow their levels of patronage in this challenging period.

By James M. Roberts Reprinted from The National Interest The battle for the future of economic freedom in Guyana is being waged right now.

(Trinidad Guardian) Energy giant bpTT has been given a 10-year extension on 92 of its exploration and production licences in the Columbus Basin.

Eastern Caribbean countries are reportedly finding the Caribbean Development Bank’s recently developed Enhanced Country Poverty Assessment (eCPA) toolkit more than useful in supporting responses to the impact of the COVID-19 pandemic, information emanating from the Bank suggests.

One may not have thought that this was a particularly propitious time for the opening of what, by Guyana standards, is a fairly significant investment in the fast-food industry, particularly at a time when the erratic performance of the coronavirus continues to create sufficient uncertainty as to induce a generous measure of caution, even uncertainty, in the business community.

Last week’s reinstatement of a 12-hour curfew by the one-month old People’s Progressive Party/Civic political administration is being reported in the Sunday September 6 Caribbean Business Report as a microcosm of a wider ‘running for cover’ by Caribbean Community (CARICOM) countries that had, just a few weeks ago, moved to return to conditions of normalcy after it had appeared that the intensity associated with the earliest wave of the pandemic had somewhat abated.

HAVANA,  (Reuters) – Communist-run Cuba will soon devalue the peso’s one-to-one exchange rate with the U.S.

Gold Prices for the three day period ending Thursday September 10, 2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

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.

According to a media release issued by the Ministry of Human Services & Social Security on Friday last, the Government of Guyana has set a timeline for the establishment of “several micro enterprise driven projects at the grassroots level… to coincide with the 50th Anniversary of diplomatic ties between Guyana and the People’s Republic of China in 2022,” from which it is hoped that “tangible results” will accrue.

In a move the could effectively test the will of governments in poor countries to meaningfully re-direct billions of dollars lost to developmental pursuits on account of the profligacy of tax evasion, the United Nations is urging a clampdown on ‘tax dodgers’ as a means of garnering finances to help rebuild education systems in poor countries seriously afflicted by COVID-19.

Guyana is among several countries, member states of the Caribbean Export Development Agency that can access a newly developed Direct Supports Grant facility launched by the Agency in collaboration with the European Union (EU) that will enable business enterprises CARIFORUM member countries to access funding that will help them respond to the impact of the pandemic on their businesses.

Having undertaken an assessment of the tentative re-opening on June 15 of the country’s tourism industry, which had been hastily closed in the wake of the rampaging COVID-19 pandemic, Jamaica’s Minister of Tourism Edmund Bartlett is doubtless far from happy with the picture that has unfolded before him.

With women across the world having become increasingly mindful of what the experts say are the negative effects on their overall health resulting from the use of chemical-based body and hair treatments, local girl Sherl Daniels believes that she is ‘on to something’ with her pursuit of what are known in the beauty industry as ‘natural products’ which she produces under the trading name Sherlcomestics Industry.