Business

With services continuing to account for a mounting share of Guyana’s Gross Domestic Product (GDP), economist and business consultant Joycelyn Williams believes that local service providers are likely to discover an increasing need for training in disciplines related to enhancing the quality of customer service.

For sheer congestion and chaos the Sunday morning La Penitence Market is unmatched in the capital and its environs.

The local private sector was again a no show at a regional business forum facilitated by the Caribbean Export Development Agency (Caribbean Export)  under the European Union-funded 10th European Development Fund Regional Private Sector Development Programme, having missed out on two major product promotion opportunities created by the same agency just over two years ago.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 530’s trading results showed consideration of $29,988 from 1,666 shares traded in 1 transaction as compared to session 529 which showed consideration of $3,772,863 from 72,443 shares traded in 17 transactions. 

There can now be no doubt that the realization of the Guyana/Trinidad and Tobago land-for farming deal reached a few weeks ago by the two governments may well be in some measure of doubt.

Business Cartoons

SAN FRANCISCO (Reuters) – Minerva Schools of KGI doesn’t yet have accreditation, a campus or even a full faculty roster, but it is offering something even Harvard can’t – four years of free tuition for its first matriculating class.

While government is yet to provide a date for the launch of the Small Business Bureau (SBB), Chief Executive Officer of the state-run small business support organisation Derrick Cummings has told Stabroek Business that the startup of what is being promoted as the most significant official gesture to support small business development in Guyana is now “imminent”.

At 32, Traceann Boodie presents herself as an ‘old head,’ a woman focused on making a living in an industry still almost thoroughly dominated by men and one in which the rules of the game are radically different to those that apply in the more sedate urban business arena.

Much has already been said in recent days, both here and in Trinidad and Tobago, about the agreement struck between the two governments on the allocation of large tracts of land here for the pursuit of farming ventures by Trinidadian investors.

Michael Carrington believes that the current boom in the country’s shoe repair sector is a result of what he says is the aggressive “dumping” of inferior products on the local market.

Last Monday’s launch of the new Forshaw and Oronoque streets business establishment, HFD Mining Supplies marks the continuation of a steady growth in investments in Guyana by Suriname.

(Jamaica Gleaner) Despite A bold pronouncement from Energy Minister Phillip Paulwell that Jamaica is on the way to cutting its energy cost by half in the next five years, the Office of Utilities Regulation (OUR) and Azurest Cambridge Power say they have not done any modelling to make such a forecast.

Qualfon’s recent multi-million dollar investment in the expansion and upgrading of its facilities here could result in the creation of additional jobs beyond the projected 6,000 expected to be in the company’s employ after work is completed on its present pursuits.

Upper Corentyne businessmen want the recently concluded agreement between Guyana and Suriname that will see detachments from the Guyana Defence Force (GDF) Coast Guard undertake joint river patrol operations in collaboration with their counterparts from Suriname implemented with haste.

(Trinidad Express) Trinidad and Tobago is on a path of “unprecedented development” as the People’s Partnership Government has rescued the economy and implemented sound fiscal policies to achieve sustainable growth rates, Prime Minister Kamla Persad-Bissessar has boasted.

Local businesses and support organisations will, on Monday, be afforded the opportunity of participating in a videoconferencing exercise at the Country Office of the Inter-American Development Bank (IDB) on how to participate in a programme that could secure them non-reimbursable funding for innovative projects under a scheme being offered by regional organisation, Compete Caribbean.

Guyana has commenced negotiations with the European Union (EU) that will lead to the formulation of a Forestry Law Governance and Trade (FLEGT) Action Plan to effectively bring the governance regime of the country’s forest resources under international scrutiny and enhance its environmental bona fides.

The United States Government has agreed to send an official from the US Department of Commerce to sensitise local state officials, business organisations, exporters and potential exporters to the requirements of the Food Safety Modernisation Act (FSMA), regulations which set a number of challenging new criteria for the importation of food items into the US.