Business

Minister of Business Dominic Gaskin has conceded that Guyana must take full responsibility for the circumstances that led the country’s loss of its multi-million-dollar United States catfish market but says that government will work towards satisfying the conditionalities necessary for that market to be regained.

Prospects for transforming Essequibo into a key tourist hub are likely to be significantly enhanced with the completion of the $89 million Supenaam Waterfront Development Project, the centerpiece of which is expected to be the remake of the existing stelling facility to house a range of modern conveniences.

Even as Guyana persists in what, over the years, has been a far from successful effort to stave off the proliferation of fake food imports resulting from illegal relabelling and transactions involving the lucrative importation of ‘cut price’ fake foods, mostly from parts of Asia, reports from Africa, particularly, suggest that others, as well, are paying a high price for their failure to fend off illegal fake food imports.

When Stabroek Business met with Sarran Lallbachan at his Charity office on Saturday he was ‘sitting in’ for his father, Kumar who he told us is currently out of Guyana.

Having seemingly set its sights firmly on creating an enhanced level of local market acceptance for the local manufacturing sector, the Guyana Manufacturing & Services Association (GMSA) was this week finalizing arrangements for the staging of UncappeD 11, the second of what is envisaged as a series of marketing initiatives aimed at popularizing locally manufactured products.

No matter how diligently we searched during our photographer’s visit to the Stabroek Market last week, we could find no evidence of any vegetable on sale at a unit price of above $100.00.

With the country’s major food outlets now – perhaps more than ever before – swamped with an overabundance of regional and extra-regional cereals and porridge preparations, the Ministry of Agriculture says that the Guyana Marketing Corporation’s Robb and Alexander streets Guyana Shop is being pressed into service in an effort to accelerate the popularization of similar local foods.

The   Government   of   Guyana   is   currently   working   to   develop   a Secured   Transaction    Framework (STF) to enhance the credit environment in Guyana.

Gold Prices for the three-day period ending Thursday April 26, 2018 Kitco 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)

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 770’s trading results showed consideration of $2,440,160 from 35,892 shares traded in 10 transactions as compared to session 769’s trading results which showed consideration of $2,503,800 from 5,000 shares traded in 2 transactions.

Like a recurring decimal the ‘grow more food’ clarion call has, intermittently, resonated across the region as though repetition could transform the vocalizing of the wish into a self-fulfilling prophesy.

Essequibo, says Deleep Singh, who has been President of the regional Chamber of Commerce since 2016, has adjusted reasonably quickly to its rice industry’s loss of Venezuela’s PetroCaribe market.

With locally grown potatoes and onions already having made a modest breakthrough on the local market the Ministry of Agriculture’s National Agricultural and Extension Institute (NAREI) believes that carrots could be on the threshold of a similar breakthrough.

By Karen Abrams, MBA Co-Founder, STEMGuyana Ima Christian, Stanford UniversityCo-Founder, STEMGuyana Building and maintaining the capacity to innovate in public and private institutions in wealthier countries is hard work. 

If there are still unmistakable indications that the socio-cultural cohesion that we continually seek continues to elude us, it is not for the want of pressing street fairs and cultural events into service in the hope that these might make some kind of contribution, however modest, to that elusive goal.

The Ministry of Natural Resources has come under fire from the Guyana Public Service Union (GPSU) in the wake of the recent resurfacing of reports of health-related problems among employees of the Guyana Geology and Mines Commission (GGMC) linked to the use of mercury in the processing of gold in the same compound housing the GGMC.

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