Business

The performance of the local timber industry in 2015 reflected a significant decline in both production and export sales, mirroring the myriad challenges facing the industry.

A senior official of the Essequibo Coast business enterprise Imam Bacchus and Sons has told the Stabroek Business that the protracted dependence of Guyana’s rice industry on “Venezuela’s rice prices” may well have left the sector unfit to compete in the international marketplace.

When the Stabroek Business learnt that an organization called the General Contractors Association of Guyana (GCAG) had been created we agreed to meet with members and – arising out of that meeting – to bring the existence of this organization to the attention of the public.

By Valrie Grant Managing Director GeoTechVision   Have you ever used a map?

In what was considered to be, perhaps, the worst year for on-the-job fatalities in living memory, 2015 saw the loss of 23 lives in workplace accidents, most if not all of which were widely believed to have been avoidable.

What has now become Guyana’s multi-million-dollar beauty industry comprises a range of business enterprises from thriving distribution outlets that market an assortment of accessories associated with the sector, to modest ones that deliver the various cosmetology services, including barbering.

Years of losses and inefficient service provision under the country’s home-grown Bahamas Electricity Corporation (BEC) have finally compelled the Bahamian government to set aside what it says is an altogether “unsustainable” operation and agree to cede management responsibility for power supply to an expatriate company.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 654’s trading results showed consideration of $8,688,223 from 37,583 shares traded in 9 transactions as compared to session 653’s trading results, which showed consideration of $1,659,336 from 39,808 shares traded in 22 transactions.

Having served what he says was an instructive apprenticeship in the early days of the development of visual mass media in Guyana, Kirt Clarke is seeking to make a different kind of contribution to the development of an enhanced audio visual culture through his own privately-run facility, Clarke’s Production or Clarke’s Pro as it is described in the promotional material.

Even as government announces that it is finally ready to appoint a Chief Executive Officer (CEO) to run the Guyana Office for Investment (GO-Invest), a former chairman of the Private Sector Commission has told the Stabroek Business that given its critical role in attracting foreign investment into the country, GO-Invest should be removed from beneath the jurisdiction of a government ministry and accorded “a measure of autonomy” to function as an entity driven by an influence of its own.

Raising its profile and aggressively lobbying for its members to secure more access to state contracts are among the primary short-term objectives of the recently created General Contractors Association of Guyana (GCAG), according to three senior executive members.

Award Winning Entrepreneur, Commonwealth Business Woman Ambassador, Managing Director, GeoTechVision In late November 2015, I was invited to be a judge in the Business Pitch Competition right here in Guyana.

By John Seeram Is the Government of Guyana producing annual and half yearly financial statements (FSs) that contain accurate information?

(Observer) – CARIBBEAN Cement Company Limited (CCCL) says it will increase capacity by one-third with a US$30 million investment into the plant over the next 15 to 18 months.

(Gleaner) – Hotels import about one-third of their food and fixtures, on which they spend around $70 billion, which equates to opportunities for local business to explore, according to a new tourism-demand study released Tuesday by the Tourism Linkages Council.

(Gleaner) – The big plunge in oil prices is taking Big Oil’s profits down.

The Government Analyst – Food and Drug Department (GA-FDD) this week issued yet another advisory on the possible health risks associated with the consumption of milk that does not comply with standards.