Business

Basking in what he says has been a protracted run of success under his leadership, Chief Executive Officer of Guyana Stockfeeds Inc Robert Badal has disclosed to the Stabroek Business that the company will be seeking to invest around US$10 million in further upgrading its operations and diversifying into new operations including unspecified “new banking services.

Three years ago A & H Kissoon Group of Companies cut trading ties with the city, closing down its well-known distribution outlet at the corners of Camp and Robb streets and shifting those operations to Industrial Site, Ruimveldt on the southern edge of the capital where its factory operations have been located for half a century.

There would not have been a Small Business Exposition but for the fact—at least so we are told—that as far as the annual GuyExpo is concerned we are saving our effort for the 50th Anniversary of Guyana’s independence at which time we will stage what is likely to be the biggest GuyExpo ever.

By Marilyn Collins The US Food and Drug Administration has granted approval for the sale of genetically-engineered (GM) salmon called AquAdvantage, produced by Aqua-Bounty Technologies, a Massachusetts company.

Kitco Market Data

The encouraging signs of corporate and public interest in the growth and development of the Tain Campus of the University of Guyana needs to be emulated at Turkeyen, the university’s Registrar Dr Nigel Gravesande has said.

Stock market updates GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 643’s trading results showed consideration of $10,070,476 from 331,668 shares traded in 17 transactions as compared to session 642’s trading results, which showed consideration of $464,800 from 20,854 shares traded in 4 transactions.

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Workers employed by the majority Russian-owned bauxite mining company, Bauxite Company of Guyana Inc (BCGI) are now more hopeful of a comprehensive investigation into what they say are longstanding infractions on the part of the management of the company following last Tuesday’s visit to the operations at Aroaima in the Berbice River by a team from the Ministry of Social Protection led by Junior Minister Simona Broomes.

With the war of words over aspects of the operations of the Ogle International Airport (OIA) having sharpened markedly over the past week, Roraima Airways Chief Executive Officer Captain Gerry Gouveia has said that the “untenable situation” can easily be addressed by an official enquiry.

With Christmas fast approaching, Guyanese consumers have probably already entered a region of tunnel vision, a condition that often renders them unmindful of some important cautions that must be applied once they begin their Christmas shopping in earnest.

It has been a memorable week for the local aviation sector, for the wrong reasons.

By: Valrie Grant, Managing Director, GeoTechVision   The application of Geographic Information Systems (GIS) has become all pervasive.

The practice of state-run entities being delinquent in their responsibility for the timely completion of audits for funds allocated for their operations continued unchecked last year, according to the 2014 Report of the Auditor General.

Small business operators participating in the November 27 – 29 Busi-ness Expo are being challenged to participate in a novel competition that could see their entrepreneurial fortunes transformed overnight.

Ahead of the November 27 – 29 Business Exposition 2015 the Ministry of Business will host a three-day training exercise for small entrepreneurs at the Arthur Chung Conference Centre from November 20 – 22.

The US$10 million Micro and Small Enterprise Development (MSED) and Building Alternative Livelihoods for Vulnerable Groups project may be in imminent danger of falling calamitously short of its lofty ambitions, a source close to the project has told this newspaper.

High operating costs at the refurbished Ogle International Airport are proving to be a challenge to smaller operators at the facility and Chairman of the Board of Directors of Ogle Airport Inc (OAI) Michael Corrreia isn’t denying that.