Business

Against the backdrop of patently futile measures on the part of the regional airline industry to reduce losses and increase market share, a study undertaken by the Caribbean Development Bank (CDB)—the outcomes of which were made public in May—is advocating a raft of corrective measures that seek to halt the sustained slide of the industry.

Months prior to the May 11 general elections which saw APNU/AFC coalition assume office President David Granger, in his capacity as leader of the opposition coalition had taken his campaign to the diaspora, asserting his belief that it was to that constituency that a new political administration would have to look to recruit much of the skills necessary to plan and execute a national development programme.

The APNU/AFC administration and specifically Minister of State in the Ministry of the Presidency Joseph Harmon owe the public an explanation over what appears to have been an attempt last week to improperly walk a $572 million payment to Guyana Pharmaceutical Cor-poration (GPC) through the system based on a contract awarded to that company by the former Cabinet several weeks before the May 11 general elections.

By Marilyn Collins Street-vended food is ubiquitous in every country, popular with local consumers and even attractive to tourists, Guyana is no different to anywhere else in this regard.

By Valrie Grant This week, members of our team are in San Diego, California to join more than 16,000 participants from 120 countries around the world at the 2015 Esri User Conference (Esri UC).

While the paradigms of a relationship between the new political administration and the local private sector are yet to take definitive shape, Chairman of the Private Sector Commission (PSC) Norman McLean earlier this week at a forum at the Pegasus Hotel, pledged the business community’s “unreserved support” for the administration’s national development programme though he was quick to add that the private sector intended to hold the government’s feet to the fire.

Guyana is one of four Caribbean Community (Caricom) nations that are among 29 countries listed by a UK-based organization as being at risk of government external debt crises.

Suriname is now better positioned to improve the effectiveness of its implementation of both the CSME and the European Partnership Agreement (EPA) on account of two agreements signed earlier this month with the Caribbean Development Bank (CDB).

Retired director of the Government Analyst Food and Drugs Department Marilyn Collins has said that if Guyana is to increase its global market share in agricultural products, serious attention must be paid to significantly raising the standards of our research and testing facilities associated with ensuring that our food exports reach the increasingly high standards that are being demanded by the major importing countries.

Still considerably deni-ed the vast majority of the amenities that make for what one might call ‘a good living,’ the district of Moruca, a sub-region of Region One (Barima/ Waini) is currently staging its eleventh Moruca Expo.

The quality of hospitality and entertainment afforded in Georgetown and its outskirts has improved markedly in recent years.

Arya’s Fresh Cut is a small scale, home-grown agro processing venture that aims to invade local supermarkets and open air markets with affordable and convenient choices in vegetables.

Gold Prices for the three day period ending Thursday July 23, 2015Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 625’s trading results showed consideration of $4,353,953 from 177,616 shares traded in 15 transactions as compared to session 624’s trading results, which showed consideration of $1,484,945 from 1,463 shares traded in 2 transactions.

Business Cartoons

Since the disclosure in the Friday July 10 issue of this newspaper to the effect that there will be no GuyExpo this year, we have spoken with quite a few vendors who customarily offer items of food, clothing, ornaments and costume jewellery for sale at the event.

The frequency of mining accidents that often result in loss of life in the gold mining sector is an extension of a “long-standing pattern of lawlessness and indifference to the value of human life” that obtains in the gold-mining industry, a source close the Guyana Geology and Mines Commission (GGMC) has told Stabroek Business.

Prior to Minister Noel Holder’s intervention earlier this week to announce that the situation with regard to Guyana’s rice exports to neighbouring Venezuela was not as dire as had been initially thought, rice farmers, millers and the populace as a whole would have experienced some heart-stopping moments in the matter of the fate of huge volumes of rice that had already been consigned to Venezuela.

By Marilyn Collins Agriculture is a key sector in Guyana’s economy, accounting for approximately 32% of GDP, 30% of employment, and 40% of export earnings.