Business

Coordinator of Guyana’s first ever National Robotics Exhibition, Karen Abrams has told Stabroek Business that the event provides the local private sector with “as good an opportunity as is available to the business community to make a meaningful investment in the qualitative growth of the country, not for this year and the next but for generations to come.

Ageing coconut groves and a sharp reduction of investment in cultivation had caught the industry off guard in the wake of the increased regional demand for coconut and its by-products.

Gold Prices for the three-day period ending Thursday May 18, 2017

Earlier this week we received some uplifting news from the agricultural sector, through the National Agricultural Research and Extension Institute (NAREI) regarding a breakthrough in the cultivation of some crops not previously known to have been cultivated on a sustained basis in commercial quantities in Guyana, including onion and potato.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 721’s trading results showed consideration of $8,876,776 from 247,472 shares traded in 13 transactions as compared to session 720’s trading results, which showed consideration of $14,425,378 from 230,078 shares traded in 4 transactions. 

With the Government Analyst Food & Drug Department (GAFDD) now tasked with the weighty responsibility of effectively closing the door on the ‘dumping’ of food and drugs in the country that do not qualify for entry under the existing regulations, its Director Marlan Cole has told the Stabroek Business that unless systems are put in place to end the practice, it will, in the longer term, affect Guyana in more ways than one.

Against the backdrop of a low-key meeting between high level government and private sector officials on Thursday May 4, following a protracted interlude of iciness and harsh words on both sides, former president of the Private Sector Commission (PSC) Gerald Gouveia has told the Stabroek Business that differences between the state and the business community were likely to persist to the detriment of the Guyana economy unless a reliable mechanism was found to ensure that “the door to dialogue and discourse” between the two sides was kept open “even in the face of differences and verbal hostilities.”

The announcement of the launch by the University of Guyana of its School of Business, Entrepreneurship and Business Innovation (SEBI) from next semester has attracted high praise from two local chief executive officers (CEOs), both of whom say that the initiative points to a long overdue move to help respond to the challenge of skills shortages facing the private sector.

First Instalment During the course of a recent food handling forum executed by the Government Analyst Food and Drugs Department (GAFDD) and contributed to by various other state agencies, the Stabroek Business met and spoke with food vendors, including small operators whose businesses are modest and underdeveloped.

By Jorge Familiar Jorge Familiar is World Bank vice president for Latin America and the Caribbean As Latin America and the Caribbean begins to emerge from six years of economic slowdown, including two of recession, it is essential to find ways to nurture and strengthen this budding recovery.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 720’s trading results showed

According to Thorstein Veblen’s theory, conspicuous consumption can be described as “tangible evidence of the cost of one’s apparel, indicating ability to spend freely on clothes”.

GASCI Summary of Financials Session 720 May 8, 2017

Gold Prices for the three-day period ending  Thursday May 11, 2017

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)

Bilateral trade and economic relations between Guyana and Brazil characterized by exchange visits by delegations from the two countries have always been a fairly reliable barometer of the timbre of relations between them.

We note with a measure of relief the fact that just when it seemed that relations between government and the private sector were set to go completely off the rails, representatives of the two sides managed to sit down together last week at an encouragingly high level to engage on an agenda which included a number of long-standing and important issues.