Business

What now appears to be an emerging trend towards a modest breakthrough for the local rice industry on the Cuban market is a sign, albeit a modest one, that some inroads are being made to attempt to compensate for what was once a considerable market in Venezuela.

Gold Prices for the three day period ending Thursday March 29, 2018

Prospects for the immediate-term fortunes of local rum manufacturers Demerara Distillers Ltd, in the light of what the company sees as a backing away from global free trade is likely to be one of the critical areas of interest, going forward, company Chairman Komal Samaroo says in the recently released 2017 annual report.

“While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.

Against the backdrop of protracted public and private sector prevarication over the taking of steps to cater for the United States’ Food Safety Modernization Act (FSMA), a US diplomat here has dropped a broad hint that unless local companies whose ambitions extend to securing traction in the US market get their houses in order, they are likely to find themselves out in the cold.

By Leyland M. Lucas In the late 1990s, Guyana signed an Oil and Gas exploration agreement with Exxon’s subsidiary, EEPGL.

Hanoman Ramsaroop is a farmer ‘to the bone.’ On Fridays he makes his way to the Anna Regina Market to sell the vegetables cultivated on his farm situated off the Capoey access road.

(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.

Gold Prices for the three day period ending

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 765’s trading results showed consideration of $3,219,150 from 4,467 shares traded in 3 transactions as compared to session 764’s trading results which showed consideration of $13,637,192 from 241,690 shares traded in 13 transactions.

This is one of those ‘seasons’ when our municipal market are at their brilliant best, bursting at the seams with fresh fruit and vegetables at prices that bring out throngs of shoppers and generate the kind of bulk buying that gives rise to long periods  of food storage.

After we had spoken with Visiting Professor at the University of Guyana’s School of Enterprise, Business and Innovation (SEBI), Professor Leyland Lucas, and his support staff early last week, we headed across to the new facility created to house the School.

While most types of fruit produced in the Caribbean have traditionally been considered to be largely of niche market value, reports emanating from JAMPRO (Trade and Investment, Jamaica) the state-run agency set up to promote business opportunities in export and investment, point to a drift of some fruit onto the mainstream market.

Heeralall Sukdeo, owner of Sukdeo and Sons Fishing Enterprise, says that local companies have suffered significant losses since they can no longer export catfish to the United States of America and he predicts even more severe ramifications if measures are not put in place to address the ban.

Cheryl Williams might easily be mistaken for a sprightly but retiring grandmother focused on simply enjoying this phase of her life though once you hear her story you quickly understand that nothing could be further from the truth.

General Secretary of the Guyana Trades Union Congress (GTUC) Lincoln Lewis on Tuesday told the Stabroek Business that he fails to see how the Government of Guyana could continue to neglect to pronounce on “the excesses of the Russian  management of the partially  state-owned Bauxite Company of Guyana Inc.

The Roraima Group of Companies-staged annual Wedding Expo and what the company anticipates will be a high turnout at the 10th staging of the event next weekend provides an “ideal opportunity” for small businesses whose goods and services are in demand in the wedding sector to “establish their credentials and win a share of the market,” Roraima’s Chief Executive Officer Gerry Gouveia has told the Stabroek Business.