Business

While many men would probably be loathe to admit it, the available evidence points to the fact that women have long been at the forefront of the growth and development of the manufacturing sector in Guyana.

Against the backdrop of frequent expressions of frustration by local small business owners and entrepreneurial aspirants regarding what they say is a less than welcoming posture by commercial banks towards making borrowing available for the creation of new enterprises and the consolidation of emerging and frequently struggling ones, a leading regional banking figure has told the Stabroek Business that relationships between commercial banks and their borrowers cannot be separated from the compulsory requirement of borrowers to meet the critical conditions that are vital to the protection of the interests of the banks’ depositors.

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Stock market updates

One good sign in the ongoing discourse on the commencement of oil exploitation in 2020 and the implications of the returns from it for the country’s future and direction of the economy is that it is not being allowed to entirely drown out the urging that other vital sectors not be ignored.

Guyana is one of a number of countries in the hemisphere that continue to be affected by illegal gold mining and the unregulated movement of gold out of the country which, in the instances of some of the affected countries, are linked to organized crime the returns from which could  exceed even those extracted from the cocaine trade.

Seized, it seems, with a renewed sense of urgency arising out of the limited results secured so far from efforts to grow the entrepreneurial profile of much of the local business sector, the Georgetown Chamber of Commerce and Industry (GCCI) will, beginning this morning, stage a forum which Chamber President Deodat Indar has told Stabroek Business will seek to bring businesses and business support institutions together in an effort in an effort to ensure that such support services as are required to optimize business growth are placed at the disposal of both established and emerging entrepreneurs.

Even as Guyana readies itself for the imminent exploitation of oil and gas and for the management of the revenues to be derived therefrom, Chief Executive Officer of Demerara Distillers Ltd.

The social, economic and national security significance of the retention of strong links between the hinterland and coastal regions of Guyana means that keeping lines of communication open, “whether these be by land, sea or air” ought of necessity to be “considerations of national priority,” Chief Executive Officer of Roraima Airways Gerry Gouveia told the Stabroek Business on Tuesday.

By Brian Mullis Director                       Guyana Tourism Authority Travel and tourism will outperform the global economy throughout the next decade, growing by an expected 3.8% on average annually over the next ten years according to the World Travel & Tourism Council’s (WTTC) 2017 Travel & Tourism Economic Impact World report. 

The Guyana Office for Investment (GO-Invest), an agency of the Ministry of Business, is vested with a dynamic role in the State’s drive for economic diversification.

With both the public and private sectors now seemingly focused on stepping up the pace of efforts to expand both the domestic and external markets for agro-processed products, local agro processors have been granted yet another of a number of modest openings to go beyond the established outlets in their quest to take their products to a limited local market.

ST GEORGE’S, Grenada,  (Thomson Reuters Foundation) – Investing in the tropical Mount Cinnamon Resort in Grenada, with its white sand beaches, buys more than a slice of paradise – it comes with citizenship and a passport with visa-free entry to almost 130 countries.

 Gold Prices for the three-day period ending Thursday July 19, 2018Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

(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 782’s trading results showed consideration of $2,784,068 from 14,391 shares traded in 8 transactions as compared to session 781’s trading results which showed consideration of $8,885,564 from 31,651 shares traded in 8  transactions.

If the recent promotional event at the Marriott Hotel is anything to go by it appears that there is considerable enthusiasm for the September 19th – 22nd Guyana Trade and Investment Exhibition (GUYTIE) which brings together the local public and private sectors in collaboration with the Caribbean Export Development Agency (Caribbean Export), its mission being to launch an experimental initiative in an effort to kick-start a long overdue project aimed at providing results-oriented interaction between local export-ready entities and buyers outside of Guyana with a view to significantly expanding overseas markets for locally manufactured products.