Business

Oil and the national psyche

However hard we contemplate the issue it is difficult to think of any single development in the post-independence history of Guyana that has impacted the national psyche in quite the manner that the May 2015 ExxonMobil oil discovery did.

Upping standards: A selection of some of the significantly upgraded local agro produce still seeking adequate market access both at home and abroad
Upping standards: A selection of some of the significantly upgraded local agro produce still seeking adequate market access both at home and abroad

Agro processors want more robust lobby for access to regional markets, local outlets

An increasingly vociferous group of emerging (mostly women) agro-processors have told Stabroek Business that government must actively lobby for the removal of regional trade barriers to their products since Guyana continues to be an open market for regional products.

Nicholas Boyer
Nicholas Boyer

GCCI focused on prepping business community for oil and gas – Boyer

President of the Georgetown Chamber of Commerce and Industry (GCCI) Nicholas Boyer has told the Stabroek Business that while he is excited that the Caribbean region sees Guyana as a growing market for products manufactured in the region he also wishes to see the country being regarded as a market in which a stronger regional manufacturing capability can be created.

Lethem students ‘getting their feet wet’ during STEM Guyana’s recent ground-breaking Workshop at the community library. At their request the students have been cleared to participate in next month’s National Robotics Competition.

Lethem students ‘up for’ STEM robotics competition

The role of information technology in linking communities was exemplified in the activities and outcomes arising out of the recent visit to Lethem by the Ambassadors of the STEM Guyana Organization under the leadership of the Guyanese-born, Atlanta-based national awardee Karen Abrams, who work in schools and clubs in Guyana in the areas of information technology, notably robotics.

Jackie Butcher and her product range

The Butcher label set to impact local hot sauces market

Jacqueline (Jackie) Butcher is just one of maybe thousands of Guyanese who, over the past decade or so, have become increasingly attracted to agro-processing, both as a means of satisfying their own penchant for ‘invention’ as well as pursuing a post-retirement employment strategy.

Aspiring entrepreneurs attend Caribbean Export workshop

Entrepreneurial aspirants from various Caribbean territories, including Guyana, last week secured an opportunity to learn more about the procedures and challenges associated with venturing into the realm of business through an April 9th – 10th Work-shop staged in Barbados by the Caribbean Export Development Agency (Caribbean Export), in partnership with the Commonwealth Secretariat and the Caribbean Association of Investment Promotion Agencies (CAIPA).

City Chamber expanding its services base

The 130-year-old Georgetown Chamber of Commerce and Industry (GCCI) is pursuing plans for both the upgrading of its physical facilities and the enhancement of its service delivery capabilities to coincide with what Chamber President Nicholas Boyer has told Stabroek News is a major push to respond to the needs arising out of the economic direction in which Guyana is moving and the needs that derive therefrom.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website, Kitco.com, for gold news, commentary and market information

Gold prices

Kitco Market Data Gold Prices for the three day period ending Thursday April 8, 2019

Market prices

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana MArketing Corportation or Ministry of Agriculture.

Louis Holder, Chief Executive Officer of Amy’s Pomeroon Foods Inc

New ANSA McAl imports will further hurt local manufacturing

Just days after the Trinidad and Tobago-owned conglomerate ANSA McAl disclosed its introduction of fifty new imported products, including manufactured foods, on the local market, in a move which the company has described as “investing in Guyana,” the owner of a local manufacturing company has spoken out sharply against the development, demanding a local pushback against what he says is the company’s “investing in Guyana” tag line which he says could   ultimately hurt the Guyana market for locally manufactured foods.

Lyndel Danzie-Black, Chief Executive Officer of Cerulean Inc,

Women’s Award will embrace people from all walks of life

Lyndel Danzie-Black, Chief Executive Officer of Cerulean Inc, one of two companies involved in the planning and execution of the first-of-its-kind     Twenty Five Influential Women Leaders Award, has told Stabroek Business that the organizers are hopeful that the nominees for the awards come from all sectors of the society and that the nominations take account of “all of the various social groups and areas of economic life.”

The first oil platform built in Venezuela by Venezuela’s state-owned oil company PDVSA, in Orinoco, Venezuela in 2011

US sanctions against foreign tankers signal more direct targeting of Venezuela’s oil sector

As if the crippling sanctions on its oil industry by a United States administration that now has its sights set firmly on bringing down the administration of President Nicholas Maduro in Venezuela were not enough, the recent widespread power shutdowns across large parts of the country have had a crippling effect on many of the country’s oil wells and rigs, slashing its oil output and in effect further compromising the lifeline which its oil earnings represent against the backdrop of the already debilitating oil sanctions imposed on the Maduro administration by the United States.

Today's Paper

The ePaper edition, on the Web & in stores for Android, iPhone & iPad.

Included free with your web subscription. Learn more.