Business

(Trinidad Guardian) – Colonial Life Insurance Company Ltd posted profits of $5.2 billion at the end of December 2014, according to the company’s latest financial statements.

Stock market updates

By John Seeram May is International Internal Audit Awareness Month, and 2016 marks 75 years of existence of the Institute of Internal Auditors (IIA) as a global voice for internal auditing.

Even as investors continue to show an “aggressive interest” in positioning the Ogle International Airport to accelerate the growth of the country’s aviation sector, the facility, which is being operated by the company Ogle Airport Inc under lease from the Government of Guyana, has become afflicted by a “seriously dysfunctional” management regime which, if not corrected “will compromise all of the hard work that has been done over the years to build Ogle,” Chief Executive Officer of Roraima Airways Captain Gerry Gouveia has said.

All of the country’s commercial banks as well as some major state and non-state service entities have now signed on as data providers to the local Credit Bureau, a development which the Bureau says, has created an enabling environment in which larger numbers of persons can, potentially, secure hassle-free and in many instances badly needed credit.

Business Cartoon

A vigorous and increasingly acrimonious exchange is ensuing in business and political circles in Jamaica over just what sort of reaction the country should provide to what it says is the ill-treatment of Jamaicans travelling to its sister Caricom country by the immigration authorities in Trinidad and Tobago.

Entrepreneur, Managing Director, GeoTechVision   Recently, I was a participant in the Infodev/World Bank Accelerate Caribbean Study Tour in Florida and Toronto.

The Government Technical Institute (GTI) is collaborating with three Canadian universities—Durham College, College of North Atlantic and the Marine Institute—to introduce a new course in auto electronics from September this year.

Some of the country’s key public and private sector entities have registered to participate in a forum designed to secure a close-up look at security-related contemporary developments in information technology designed to further safeguard their IT infrastructure.

By Karen Abrams, MBA Marketing Startup Consultant   It has been more than 15 years since the first e-government program was launched in the United States, while in 2015, stakeholders in developing nations like Guyana, have yet to realize the benefits of computerized government departments that use technology to improve customer service, save lives, reduce costs, improve service delivery and extend service hours.

By David E. Falconer Manager, Sales and Business Development, Creditinfo Guyana   Almost a century ago, an American named John Pierpoint Morgan, or J P Morgan who is more widely known as the most powerful financier in the world, when asked by a House committee if commercial credit was based primarily on money or property, responded instead to everyone’s surprise that in fact it was based on character.

Stock market updates

Gold Prices for the three-day period ending  Thursday  April 28, 2016

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

Our cameraman caught this group of taxpayers at the Service Site on the ground floor of the City Mall on Thursday discharging their obligation to the state before the period for doing so passes.

Sarafina Edghill is a slight twenty-one-year-old graduate of the Carnegie School of Home Economics (CSHE) who has traded a schoolgirl dream of becoming an attorney for an adult preoccupation with an entrepreneurial excursion into culinary pursuits.

The Central Corentyne business community may have experienced a drop in commercial activity of between 30 and 40 per cent for this year so far, newly elected President of the Central Corentyne Chamber of Commerce Rafeek Mohammed has said.

President David Granger’s directive earlier this week that the D’urban Park Development Project be placed under the control of the Ministry of Public Infrastructure has won the support of the General Contractors Association of Guyana (GCAG) the body which had earlier spoken out publicly against “the shabby and perhaps even risky work” completed so far on the project.

Stabroek Business has been reliably informed that government has now agreed to commence negotiations with the Guyana Public Service Union (GPSU) though, according to the source, no date has as yet been fixed for the negotiation.