Business

Face masks are among COVID-19 inventory caught up in corruption scandals.
Face masks are among COVID-19 inventory caught up in corruption scandals.

Global COVID-19 contracts trigger ‘perfect storm”’ for corruption

What has been described as “the perfect storm of urgent need, supply shortages and overwhelmed health systems and governments” resulting from the ravages of the coronavirus has created what the Washington-based social enterprise and media platform Devex has described in a recent feature as a “wealth of opportunities for corruption.”

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 872’s trading results showed consideration of $8,626,930 from 89,920 shares traded in 14 transactions as compared to session 871’s trading results which showed consideration of $7,698,040 from 36,714 shares traded in 12 transactions.

COVID-19 and the survival of micro, small businesses

One of the more challenging assignments that will face the country once we begin in earnest to assess and seek to limit the extent of the damage that the coronavirus has inflicted on the business sector will have to do with creating some sort of blueprint for putting those various micro- and small businesses that have folded or faltered badly under the weight of the pandemic, back together again.

Squeeze of Venezuela’s oil sector: A throwback to US Cold war enforcer role?

In what is seen in some quarters as an extension of the United States’ ‘friends and foes’ foreign policy posture towards Latin American and Caribbean nations arising out of their respective perceived political postures, companies involved in the business of transporting oil from producing countries to markets across the world are now coming under unmistakable and aggressive pressure to steer clear of doing business with the South American oil giant, Venezuela.

Political impasse portends disaster for Guyana economy: GMSA survey

Just days after the release of its sectorial survey identifying  key elements of the impact of COVID  19 on the country’s manufacturing and services  sectors, the Guyana Manufacturing & Services Association (GMSA) has tagged the ongoing post March 2 general elections impasse and what it says is “the absence of a functional government” as impediment to the smooth operation of the business sector to operate. 

GMC employees,marketing officer Lisa Litira and Pro Shevon Nedd display a new product

Hana is on the market!

Back in March the Guyana Marketing Corporation (GMC) staged a relatively low-key event at its Parika agro-processing facility to mark the ‘birth’ of Hana, its new ‘lightly salted’ packaged plantain chip.

Kitco Market

Gold Prices for the three day period ending Thursday July 16, 2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

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