Business

 Is the landline becoming yesterday’s technology?
Is the landline becoming yesterday’s technology?

The landline a dying species

By Shawn Cumberbatch shawncumberbatch@nationnews.com Reprinted from the Barbados Nation In the Barbadian household the landline was once a precious thing.

Not for sale or distribution: A can of the controversial Lailac formula
Not for sale or distribution: A can of the controversial Lailac formula

Weak monitoring mechanisms see likelihood of fake infant formula on local market

Concerns over limitations to the capacity of the Government Food and Drug Analyst Department (GA-FDD) to effectively monitor the importation of suspected fake foods—particularly milk—into the country and more importantly to prevent the imports from being placed on the local market are raising questions as to whether this deficiency is not now putting at serious risk the health of local consumers including, worryingly, children whose diet includes a significant intake of manufactured infant formula.

GGMC frowns on river bank mining but enforcement a challenge

Against the backdrop of a statement issued by the Office of Minister in the Ministry of Natural Resources and the Environment earlier this week alluding to damage to the bank of the Potaro River arising out of illegal mining activity, the Guyana Geology and Mines Commission (GGMC) has issued a statement reminding miners that the mining of river banks (buffer zones) is against the law and prohibiting such activity “without due consideration of and specific consideration from the commission.”

Business Briefs

Barbados hosting first regional business startups forum The Caribbean business community would appear to be attaching considerable importance to the April 29 – 30 First Caribbean Startup Summit at the Lloyd Erskine Centre in Barbados which is being held to support regional startup entrepreneurs and which, reports from Bridgetown say, will feature a range of regional and international speakers as well as representatives from a host of business organizations from across the Caribbean.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 664’s trading results showed consideration of $6,081,243 from 30,219 shares traded in 11 transactions as compared to session 663’s trading results, which showed consideration of $9,175,468 from 441,569 shares traded in 5 transactions.

Workers’ rights cannot be traded for foreign investment – Lewis

“It would be a mistake for government to assume that respect for workers’ rights can be traded for foreign investment since that assumption is probably likely to leave us worse off as a society than if we have no foreign investment at all,” General Secretary of the Guyana Trades Union Congress (GTUC) Lincoln Lewis has told the Stabroek Business.

The Kaieteur Park mining transgression

The announcement earlier this week that 13 dredges and a dragger had been caught mining illegally in the area of the protected Kaieteur National Park area underscores the challenges that the authorities in Guyana will continue to face in circumstances where the mining of gold continues to coexist with imperatives that have to do with our obligation to the environment.

 NAREI Chief Executive Officer Dr Udho Homenauth

Agriculture ‘in a good place,’ says NAREI Head

Contributing to the further consolidating of the country’s food security status and better positioning of the agricultural sector to take advantage of international markets are high on the list of priorities of the National Agricultural Research and Extension Institute (NAREI).

Essequibo Chamber of Commerce President Deleep Singh

Revived Essequibo Chamber shaping strategy to combat rice market crisis

Against the backdrop of testing challenges confronting the Essequibo business community in the face of last year’s loss of the Venezuelan PetroCaribe     rice market, the ‘Cinderella County’s’ Chamber of Commerce in April elected a new executive headed by 63-year-old hotelier Deleep Singh, with a mandate to design strategies to galvanize the county’s economy.

 Microsoft CEO Satya Nadella delivers the keynote address during the Microsoft Build 2016 Developer Conference in San Francisco, California in this March 30, 2016, file photo. (Reuters/Beck Diefenbach)

Microsoft sues US government over data requests

SAN FRANCISCO (Reuters) – Microsoft Corp has sued the US government for the right to tell its customers when a federal agency is looking at their emails, the latest in a series of clashes over privacy between the technology industry and Washington.

 Minister Simona Broomes (backing camera) engaging workers during one of her interior ‘clinics.’

Gold mining sector still has mountain to climb – Broomes

The creation of a regime of good order at mining locations that enables the efficient, legally acceptable and environmentally sustainable exploitation of the country’s mineral resources can only be realized through a combination of effective enforcement of mining laws on the one hand and the preparedness of the miners themselves to adhere to those laws.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 663’s trading results showed consideration of $9,175,468 from 441,569 shares traded in 5 transactions as compared to session 662’s trading results, which showed consideration of $277,150 from 7,734 shares traded in 5 transactions.

Today's Paper

The ePaper edition, on the Web & in stores for Android, iPhone & iPad.

Included free with your web subscription. Learn more.