Business

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 752’s trading results showed consideration of $14,440,200 from 17,098 shares traded in 8 transactions as compared to session 751’s trading results which showed consideration of $8,273,912 from 213,873 shares traded in 3 transactions. 

Finance Minister Winston Jordan making his budget presentation

Lethem agri centre allocated $265m in budget

Against the backdrop of what it says is its focus of creating further opportunities for the development of hinterland agriculture, government has disclosed in its 2018 budget an intention to allocate some $265 million to the design and construction of an agricultural centre and reservoir at Lethem and the upgrading of the existing agricultural research station at Ebini.

Carol Fraser and some of her creations at the China Show

Designer Carol Fraser says Chinese can play significant role in developing local fashion industry

Even as the proliferation of Chinese stores in downtown Georgetown continues to serve as evidence of the country’s increasing prominence as the most visible trading presence in the hemisphere, Guyanese fashion designer Carol Fraser has told Stabroek Business that the local fashion industry can do much worse than look to China to accelerate the growth of the sector in Guyana.

Leisa Gibson

Beautician Leisa Gibson marketing locally made hair, scalp conditioner

Leisa Gibson is acutely aware of the likelihood that in a society where a   preoccupation with hair is now the focal point of women’s fashion, her involvement in the sector, as a hairdresser for the past fifteen years and more recently as the manufacturer of natural hair and body products, may well be positioning  her for entrepreneurial success.

Scaling down the sugar industry

The pragmatism associated with the decision to significantly scale down the size of a sugar industry which has become a significant financial strain on the rest of the economy and on the country as a whole cannot gainsay the hardships at individual, family and community levels that will accrue from the alarming levels of job losses, some of which have already been announced.

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.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 751’s trading results showed consideration of $8,273,912 from 213,873 shares traded in 3 transactions as compared to session 750’s trading results which showed consideration of $166,994,000 from 4,550,110 shares traded in 5 transactions. 

Finance Minister Winston Jordan  making his 2018 budget presentation in the National Assembly

Wardens to be deployed against gold smugglers next year – Finance Minister

The efforts of the Ministry of Natural Resources attended by external support notwithstanding, the Government of Guyana still considers the phenomenon of gold smuggling to be seriously injurious to the country’s economy and in his recent 2018 budget presentation to the National Assembly, Finance Minister Winston Jordan set out the APNU+AFC administration’s proposals for helping to address this problem.

Parliamentarians in attendance for the 2018 National Budget presentation

Hinterland communities promised $200m Green Enterprise Development Centre

Against the backdrop of longstanding concerns over a dire shortage of job opportunities in hinterland communities, government has disclosed plans in the 2018 budgetary proposals for a $200 million investment in the Hinterland Green Enterprise Development Centre at Bina Hill in Region Nine which, according to Finance Minister Winston Jordan, seeks to focus on areas of training “that leverages indigenous and traditional knowledge and drives upstream demand for local products and services.”

Guyanese-born Professor Leyland Lucas

Lucas sees 2018 as breakout year for UG’s School of Business

Five months after the University of Guyana’s School of Entrepreneurship and Business, (SEBI) was launched, Dean of the new institution, Guyanese-born Professor Leyland Lucas has told the Stabroek Business that some of the challenges that repose in ensuring that the institution delivers on its mandate repose in the fact that “it is different.

Gold

Early in 2016, Natural Resources Minister Raphael Trotman raised eyebrows in the country when he declared that the amount of gold being smuggled out of Guyana amounted to around 15,000 ounces weekly.

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