The Stabroek Business has, on quite a few occasions, raised the issue of the constraints affecting the growth of the agro processing sector, not least the inability of cottage industry operators to secure financing for expansion, the scarcity of modern processing infrastructure, which limits agro processing largely to domestic kitchen operations and of course the underdevelopment of the packaging and labelling industry and the impact of these on the competitiveness of local agro produce.
In what is likely to be seen as an initiative aimed at easing the strained relationship between government and the private sector, Georgetown Chamber of Commerce and Industry (GCCI) President Deodat Indar used last Thursday’s launch of the entity’s 2017 Business Guyana Magazine to signal the chamber’s pursuit of a range of collaborative initiatives with government.
A firm contractual agreement between the state-run Cuban entity Alimport and the local rice milling giant Nand Persaud and Company paving the way for the imminent commencement of rice exports from Guyana to Cuba has now been signed and sealed, bringing to an end months of negotiations; a new chapter in trade relations between the two countries is on the horizon.
The decidedly low-key programme executed by the Government of Guyana to mark National Cooperatives Week did much, if indeed anything more needed to be done, to underscore the cataclysmic decline of the movement over the decades since the then People’s National Congress administration promulgated cooperatives as the third sector of a tri-sectoral Guyana economy.
Gold Prices for the three-day period ending Thursday August 3, 2017Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.
The Guyana Bank for Trade and Industry (GBTI) has announced that it is now offering its customers a more advanced and secure transaction tool in the form of the EMV (Europay, MasterCard and Visa) chip card, a global standard for credit cards that uses computer chips to both authenticate and secure chip-card transactions.
Following on the heels of the conclusion of a major rice export contract with Cuba (see report in this issue of Stabroek Business) this newspaper has learnt of several other bilateral business agreements between Guyana and Cuba are currently in various stages of completion.
Stock market updates
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 732’s trading results showed consideration of $3,804,547 from 78,412 shares traded in 13 transactions as compared to session 731’s trading results, which showed consideration of $19,105,931 from 454,010 shares traded in 19 transactions.
(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.
When the University of Guyana’s (UG) School of Entrepreneurship, Business and Innovation throw open its doors at Turkeyen and Tain to students for the first time later this month, the institution will be beginning its ascent to new heights in pursuit of the relevance of the offering of the institution to the development of Guyana.
