Business

While the Georgetown Chamber of Commerce and Industry (GCCI) is upbeat about the prospects of Guyana landing a “formidable” oil and gas industry, it wants to see movement in the direction of complementary investments in the various other critical sectors that have a bearing on the overall development of the country.

If only because of its enormous potential for job creation and  providing small businesses with a shot in the arm and giving rise to the creation of new ones, it has to be said that it took an inordinately long time to bring the 20% allocation of some state contracts to small businesses into effect.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 804’s trading results showed consideration of $27,558,850 from 249,762 shares traded in 19 transactions as compared to session 803’s trading results which showed consideration of $14,135,665 from 98,398 shares traded in 23 transactions.

Supreme Ventures Limited of Jamaica, one of the region’s best known betting, gaming, and lottery operations has launched a multi-million dollar gaming operation in Guyana. 

Staged with much aplomb at the prestigious Marriott Hotel as a joint public/private sector initiative in collaboration with the Caribbean Export Development Agency, the September 19-22  Guyana Trade and Investment Exhibition (GuyTIE) was envisaged as a Business to Business forum, “a platform for local export-ready businesses to engage foreign buyers and other potential partners.”

A delay of more than two days in City Hall giving the ‘green light’ for its two principal waste disposal contractors to return to work following the brokering of a deal to facilitate the early partial settlement of a multi-million dollar debt owning to them may point to a “deeper problem,” a municipal source has told Stabroek Business.

Dianne Innis possesses no lofty ambitions that have to do with ‘changing the world’ or even lifting all of the young and underprivileged Guyanese whose lives are blighted by poverty and perhaps worse, by lack of opportunity, out of their present predicament.

Driven by a health and wellness trend, the global demand for fresh coconuts, coconut-based products and value-added products are at an all-time high and is projected  to  continue to grow exponentially.

With last week’s disclosure by ExonMobil of a tenth oil find offshore Guyana since May 2015, international investor interest in the country as potentially the next ‘high flier’ in the global oil and gas industry persists.

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service) 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.

One of the more important disclosures to come out of the post-budget presentations in the National Assembly last week was the one made by Minister of Business Dominic Gaskin regarding what we hope is a definitive confirmation that the 20 per cent allocation of state contracts to small businesses will take effect in January 2019.

Stock market updates

The oil and gas and aviation sectors are to be included in an “alliance” created by the Ministry of Social Protection in an effort to curb the incidence of accidents in the various sectors, Minister in the Ministry of Social Protection Keith Scott told the National Assembly in his post-budget presentation earlier this week.

Confirmation that the clause in the country’s 2004 Small Business Act making provision for local small businesses to access 20% of state contracts from January next year will be activated was on Monday provided in the National Assembly by Minister of Business Dominic Gaskin.

These days, you get the feeling that an increasing number of Guyanese are prepared to ‘shell out’ good money to ‘eat out,’ if the menu is reflective of the best of the Guyanese cuisine culture.

By Tuesday of this week the evidence on downtown Regent Street pointed to the non-arrival, up until now of what we in Guyana describe as the Christmas spirit.’