Business

As is reported in today’s issue of the Stabroek Business, on Wednesday, thirty-five small business owners and aspirants, received grants of $200,000 each from the Small Business Bureau (SBB) that ought to go towards the building of their fledgling and in some instances, startup enterprises. 

Bakeries from across the country are being urged to ‘raise their game,’ in anticipation of what is likely to be a groundswell of potential competition, as Guyana’s economy shifts into oil & gas mode.

While this month had originally been targeted for the return of Fly Jamaica to the skies, the latest indications are that the timetable may still be ‘up in the air,’ so to speak, as unresolved issues still appear to hang ominously over the head of the controversial airline.

As Guyana moves closer to first oil some time during the first quarter of 2020, concerns may be emerging over the issue of the unionisation of workers employed in fields related to the country’s oil and gas sector arising out of what would appear to be documented evidence that foreign companies in the sector may not be disposed to the unionisation of Guyanese workers.

President of the Guyana Manufacturing & Services Association (GMSA) Clinton Williams has weighed in on the intensely debated issue of the posture of the commercial banking sector towards lending to the small business sector, essentially contending that the issue of the banks’ posture had to be seen from both perspectives.

Local agro-processors may have come a long way from the days of recycled jam jars and label-related information typed on bits of paper and attached with cheap, frequently unsightly paste, but while we have been seeking to play catch up, the rest of the world has not been standing still.

The Chief Executive Officer (CEO) of a privately-operated local training institution is urging local service providers across the broad range of disciplines to take training seriously if they seriously want to “survive and prosper” in what he says will be “the highly competitive environment” in which they will have to operate in the period ahead.”

Whatever the eventual outcome of the firm grip in which the sanctions imposed by the United States has left Venezuela’s oil industry, it is now clear that at the end of the ordeal the sector will be in need of an overhaul that may take a considerable amount of time, perhaps even a few years.The

Gold Prices for the three day period ending Thursday September 12, 2019 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.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 842’s trading results showed consideration of $843,064 from 7,162 shares traded in 10 transactions as compared to session 841’s trading results which showed consideration of $10,003,675 from 104,587 shares traded in 12 transactions.

In a short while, yet another group of creative people from the agro-processing and craft sectors, predominantly, will be heading for a high profile product display and marketing opportunity in the United States.

An August 2019 document prepared by the Russian Aluminum giant, RUSAL, the majority shareholder in the local company, Bauxite Company of Guyana Inc.

Statistics generated by the World Health Organization (WHO) suggest that last week’s revelation by the local Government Analyst-Food and Drug Department (GA-FDD) regarding the discovery that three new fake drugs have appeared on the market and moreover that they have been unearthed in local pharmacies may well be just the tip of the iceberg.

A Jamaica-based regional provider of technical and scientific services, Technological Solutions Limited (TSL), has become the first such institution in the Caribbean to secure accreditation for its laboratory from the American Association for Laboratory Accreditation (A2LA).

More than 130 persons from bakeries, fast food outlets, hotels and other service providers in related sectors are expected to spend the day, today, further honing their baking skills at a Baking Seminar at the Marriott Hotel being hosted by the local National Milling Company of Guyana (NAMILCO) in collaboration with DeutscheBack of Germany under the theme.

Twice last week, during the course of interviews relating to stories published in the Stabroek Business raised with interviewees issues pertaining to the relationship between commercial banks and sections of the private sector in relation to the latter’s disposition to commercial bank lending for investment in small business initiatives, particularly in the manufacturing sector.

Donnella Dorway is one of a now fast-growing number of fledgling business owners who are beginning to see a possible entrepreneurial future in agro-processing, though, for the time being at least she must wade her way through the formidable competition and the various other hurdles that have to be crossed if her dream of making it to the top is to become a reality.