Business

A cursory examination of global statistics pertaining to the international cooperative movement reveals an interesting picture regarding the popularity of cooperatives, the involvement of people therein and the impact of cooperatives on the global economy.

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

There was a time, particularly in the decade of the 1970 when the popularization of marijuana was driven largely by the lyrics of the Jamaican musical icon Bob Marley, particularly in his refrain to the conservative political administrations to ‘legalize it.’

In the Friday July 20th issue of the Stabroek Business our lead story was based primarily on a brief telephone interview with the President of the Georgetown Chamber of Commerce and Industry (GCCI) during which he told us that  a July 20-21 private sector forum at the Pegasus Hotel would have been seeking to move in a positive direction as far as the growth of the businesses participating in the forum were concerned.

Kitco Market Data Gold Prices for the three day period ending Thursday August 9, 2018

Stock market updates

As Guyana contemplates the broader developmental gains to be derived from the country’s anticipated significant returns from its emerging oil and gas sector, how much sense does it make to heed the warning that an anticipated fossil fuel bonanza should not tempt us to turn our backs on an agricultural sector that has helped to sustain the country’s economy over many decades.

With external investor interest poised to intensify as the country moves inexorably closer to the exploitation of its now confirmed significant oil resources, Guyana can much better position itself to engage potential investors from a position of strength if it moves in a timely manner to apply geospatial technology to the creation of a reliable audit of its natural resources.

Whether or not the September 19-22 Guyana Trade and Investment Exhibition (GUYTIE) will be responsive to the particular needs of local Small and Medium Enterprises (SMEs) depends on whether the event is structured in a manner that is responsive to the concerns of the smaller operations in the manufacturing sector, according to a group of eight owners of small business owners with whom the Stabroek Business has spoken over the past two weeks.

When you tell Michael Nunes that agro processing has become one of the fastest growing sub-sectors in Guyana’s agricultural sector and that modest quantities of locally manufactured products are beginning to find their way onto external markets, the nonplussed expression on his small, chiseled face does not change one iota.

The Guyana National Bureau of Standards (GNBS) is a semi-autonomous agency under the Ministry of Business.

The impact of last Tuesday’s Fifth Emancipation Exhilaration Event staged in the shadow of Stabroek Market may well have been reduced by intermittent heavy showers.

Considerations of space have necessitated the editing of this paper. Care has been taken to retain all of the elements believed to be relevant to reader interest.

We are yet to know how last week’s partnership agreement signed between the Caribbean Development Bank (CDB) and the Geneva-based International Trade Centre (ITC) will affect the business community in the Caribbean and whether, specifically, there is room in the arrangement for boosting the growth of the emerging but patently needy small business sector in Guyana.

(Prepared by the Guyana Marketing Corporation andpublished 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.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 784’s trading results showed consideration of $71,962,251 from 198,743 shares traded in 13 transactions as compared to session 783’s trading results which showed consideration of $30,770,258 from 193,629 shares traded in 10 transactions.

With the country’s more than 100 years of experience in the oil and gas industry the prospects for Trinidad and Tobago making a meaningful contribution to the building of a strong oil and gas base in Guyana are “considerable,” according to retired Chairman of the Republic Bank group David Dulal-Whiteway.

Local small businesses and business aspirants eagerly awaiting opportunities to secure more generous shares of government contracts to provide goods and services across the sectors will likely not be able to do so for at least some months yet, according to the Ministry of Business.