Business

Kumar Chintaman, his wife (at left) and his Snackette Atten-dants.
Kumar Chintaman, his wife (at left) and his Snackette Atten-dants.

Courtyard Mall gets new diner

  Modest snackettes continue to spring up in Georgetown with startling frequency, an indication that food is one of the fastest growing services in the urban business culture.

Kitco Market Data

Gold Prices for the three day period ending Thursday  September 17, 2015          Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Taking stock of the GGMC’s performance

Even as the government contemplates its next moves to shore up a mining sector reeling under pressure from continually falling gold prices, a succession of mining accidents some of which have resulted in multiple deaths and what, at this stage, is just the beginning of potentially scandalous allegations of large scale smuggling of gold out of Guyana, the recently concluded four-member Commission of Inquiry into “mine accident deaths by pit collapse” has launched a scathing attack on the sector’s key regulatory agency, the Guyana Geology and Mines Commission (GGMC) charging, among other things, that the agency lacks “the focus, capacity and/or strategy to ensure that (gold mining) operations are meeting their legal responsibilities under accepted health and safety laws and guidelines and the requirements of the Mining Act.”

Chatting with staff at a Regent Street cosmetics counter

Broomes wants meeting with business support organizations

Minister in the Ministry of Social Protection Simona Broomes is seeking a meeting with officials of urban business support organizations “as early as next week” to engage them in discussions arising out of her snap visits to several business houses along Regent Street, during which she unearthed “widespread and entirely unacceptable transgressions of labour laws” many of which extend into “human rights transgressions.”

New Broomes

From the various accounts that we have received regarding Junior Minister Simona Broomes’ walkabout on Regent Street on Tuesday, including the account given to us by the minister herself, the experience was both revealing and deeply disturbing.

Lance Hinds

Chamber endorses green light for 20% state procurement allocation to small businesses

The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the announcement made by Finance Minister Winston Jordan in his 2015 budget presentation that government intends to fully implement the provision contained in the Small Business Act allocating 20 per cent of state contracts to the small business sector, though Chamber President Lance Hinds says he believes there should be conditions attached to that allocation.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 632’s trading results showed consideration of $901,749 from 9,804 shares traded in 7 transactions as compared to session 631’s trading results, which showed consideration of $2,667,300 from 15,210 shares traded in 11 transactions.

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