Business

The Guyanese business community is not alone in its frustration and jitteriness over the proliferation of violent crime directed at lucrative targets.

Private sector investment of more than $1.5 billion in key machinery and equipment for the rice industry in 2013 contributed significantly to an overall yield of more than 500,000 tonnes this year, according to Guyana Rice Development Board (GRDB) General Manager Jagnarine Singh.

Shaan Deen has been operating a business enterprise at Lethem for the better part of five years, comprising a general store and a hardware store on Barrack Retreat.

A view from the Forest Products Development and Marketing Council Part of the role of the Forest Products Development and Marketing Council (FPDMC) – in collaboration with the Guyana Forestry Commission and the Forest Products Association – is to promote the utilization of the lesser used species of woods (LUS’) found in Guyana’s forests. 

(Reuters) – Venezuela’s central bank president denied on Thursday that Caracas is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves.

The sight of the downtown street vendors, their Christmas stocks piled high, marooned atop boxes and other precarious perches, waiting for the water dumped by the early morning deluge to recede, was more than ample testimony to the folly of a city that is simply unable to get its act together as far as managing our garbage disposal and draining the city are concerned.

Successive Auditor General’s reports allude to serious deficiencies in the management of finances and stocks of materials associated with the execution of the duties of the Guyana Elections Commission and the inefficient maintenance of records relating to the disbursement of stocks.

Stabroek Business has learnt that some Corri-verton business houses are weighing the option of a one-day shutdown of their enterprises to draw official attention to their frustration over a worrying rise in violent crimes targeting business owners in the Corentyne.

The long-standing anomaly associated with the misallocating of sums voted as “subvention and capital provision” for the Ministry of Agriculture to the National Drainage and Irrigation Authority (NDIA) has again attracted unfavourable comment in the Report of the Auditor General.

(Reuters) – Google’s practice of combining personal data from its many different online services violates Dutch data protection law, the country’s privacy watchdog said on Thursday following a seven-month investigation.

There was something ironic about the late night/early morning deluge that brought business in Georgetown to a near crippling halt on Wednesday.

(Reuters) – The decision by a New York bank to close Cuba’s checking account in the United States has presented an unusual diplomatic quandary that provides a test for new-found pragmatism in relations between the two longtime foes.

Business Cartoons

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)

Key and imminent operational changes that target the provision of enhanced services to potential investors are part of a menu of measures aimed at the modernisation of the Guyana Office for Investment (Go-Invest).

The Auditor General’s Report for 2012 has fingered at least four state agencies in various multi-million dollar irregularities in transactions with the state-run GuyOil relating to the purchase of fuel and lubricants.

While the Georgetown Chamber of Commerce and Industry is to be commended for the unfailing focus on fire prevention in its promotional and public relations initiatives that target mostly the urban business community, one wonders just how much impact its efforts are having and, indeed, whether those efforts are attracting the attention of what one might call critical audiences.

What was advertised as a consultative forum designed to engage stakeholders on the decision by government to impose a ban on the use of polystyrene containers and packaging from June 2014 turned out to be an animated exchange on several more issues amongst different interest groups which, by the end of the discourse, raised as many questions as it answered.

(Reuters) – Mining in space is moving from science fiction to commercial reality but metals magnates on this planet need not fear a mountain of extraterrestrial supply – the aim is to fuel human voyages deeper into the galaxy.