Business

By Brian T. Mullis The tourism sector is widely recognized globally as a vital contributor to job and wealth creation, economic development, environmental protection, and poverty alleviation.

Gold Prices for the three day period ending Thursday December 6, 2018 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

With the provisions of the 2019 budget  pointing in the direction of a major focus on small business development in the new year, government appears to have handed the Small Business Bureau (SBB) a major role in positioning the sector as a factor in ensuring economic growth and employment generation in the new year.

Taken at surface level Minister Keith Scott’s disclosure in his post-budget presentation in the National Assembly earlier this week regarding the creation of an “alliance” designed to help curb the incidence of workplace accidents in the various high risk sectors is an interesting one particularly since, outside of mining and the traditional areas where workplace accidents occur with some regularity, the Minister has also based on his presentation in the National Assembly embraced the oil and gas and aviation sectors, which, going forward will assume an increasing prominence in the country’s economy, as part of the alliance.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 802’s trading results showed consideration of $30,282,757 from 403,961 shares traded in 14 transactions as compared to session 801’s trading results which showed consideration of $7,612,693 from 82,031 shares traded in 11 transactions.

Seemingly seeking to heed  the persistent warning that Guyana should not allow the advent of oil and gas to result in a neglect, or worse, a wholescale abandonment of those sectors that have historically sustained the country’s economy, the APNU+AFC coalition administration this week used the presentation of its budgetary proposals for 2019 to set out plans for what it says is “production, transformation and agricultural transformation” which, it is envisaged, will coexist with the historic move with the recovery of ‘first oil’ in 2020.

Two close school friends who first met each other in First Form at Charlestown Secondary School have not only retained their friendship through their teen-age years and into adulthood but have now pooled their resources and their talents to create a business for themselves and jobs for other young people through The Balance, a professional waiter service that appears destined to make a mark in one of the country’s fast-emerging sectors.

For all its challenges associated with weak infrastructure, high investment costs, unfavourable weather and an unpredictable global market, Chief Executive Officer of one of Guyana’s most successful investors in the sector, Nand Persaud and Company, Rajindra Persaud firmly believes that over the long haul the rice industry has been a stayer, a success and that it has proven itself to be very much the front runner in the country’s still highly valued agricultural sector.

In recent years Guyana has secured a much greater insight into the economic value of the coconut primarily on account of significantly enhanced awareness of the value of its liquid – coconut water.

As has been pointed out in our lead story on government’s proposals for the agricultural sector in 2019, there appears to be a deliberate effort to send a message in the 2019 budget proposals that approaching ‘first oil’ will not have the effect of placing agriculture, a sector that has, historically, served the nation well, on the back burner.

If the Caribbean is truly keen on significantly increasing its earnings from the region’s tourism sector one way of doing so is through the launch of an aggressive marketing initiative that targets the filling of its thousands of hotel rooms that remain vacant every night, Chief Executive Officer and Director General of the Caribbean Hotel & Tourism Association (CHTA) Frank Comito says.

In more ways than one The Guyana Shop continues to make its own robust contribution to the growth of Guyana’s agro processing industry.

Chief Executive Officer of GEB Security Services Inc. Maurice Amres has been reappointed to the Board of Directors on the United States-based Council of International Investigators.

Kitco Market Data Gold Prices for the three-day period ending Thursday November 29, 2018

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