Business

The Fibre Tech showroom at Triumph on the East Coast Demerara
The Fibre Tech showroom at Triumph on the East Coast Demerara

Manufacturers’ body comes under fire from Fibre Tech boss

The optimization of the potential of Guyana’s manufacturing sector requires a far more robust and energetic business support organization to effectively serve the interests of local manufacturers, proprietor of Fibre-Tech Industrial Plastics Somat Ali has told the Stabroek Business.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 670’s trading results showed consideration of $5,891,453 from 230,211 shares traded in 16 transactions as compared to session 669’s trading results, which showed consideration of $26,424,867 from $435,480 from 901 shares traded in 5 transactions.

Kitco Market Data

Gold Prices for the three-day period ending Thursday June 2, 2016Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

New Designs: Some of the new designs at the Fibre Tech showroom earlier this week

Fibre Tech production driven by housing sector growth, regional market interest

Almost seven years after Fibre Tech Industrial Plastics was honoured by the Guyana Manufacturing and Services Association (GMSA) for its pioneering work in opening up an export market in the region for its fibre-glass table tops, cupboards and bathtubs, the company’s owner and Chief Executive Officer Somat Ali said the company continues to seek ways of maximizing market opportunities on both the domestic and international markets.

Visiting business group from Florida at an informal meeting at Roraima Duke Lodge Hotel, Kingston. Also in photo are: US Ambassador to Guyana Perry Holloway (second, left) and Business Minister Dominic Gaskin (far right) conversing wth mission leader Wesley Kirton.

Four-day trade visit by Florida business group

Reports from the United States indicate that the four-day visit to Guyana by a contingent of Florida-based businesspersons seeking to establish trade ties with Guyana has left the delegation upbeat about the prospects for inking firm deals with their Guyanese counterparts that will open up new opportunities for local goods on the North American market.

Comment… The more things change…

Reports continue to reach the Stabroek Business of problems relating to bottlenecks of one sort or another arising out of engagements between Customs authorities and importers and which, reportedly, are impeding the efficiency of import transactions and by extension the smoothness of business arrangements.

Funding your small business

Entrepreneur, Managing Director, GeoTechVision Finance has been identified in many business surveys as the most important factor determining the survival and growth of small businesses.

Face of local banking could change in 10 years

With increasing numbers of customers beginning to embrace the suite of IT-driven business support services being unveiled by the commercial banking sector, local Scotia Bank Products and Marketing Manager Jennifer Cipriani has told Stabroek Business that changes in the banking culture will “sooner rather than later” transform the edifices that have long been the symbols of banking across the world.

The Language Institute President Cecily Bernard

Language Institute seeking to extend services to Guyana’s business sector

President of the Language Institute Cecily Bernard concedes to having become increasingly aware that in a global economic climate where Guyana’s business community continues to come under growing pressure to explore opportunities for new, non-conventional markets, possession of foreign language services that are readily available to the business sector have become a necessity rather than just an advantage.

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