Business

Mining officials in session at the workshop
Mining officials in session at the workshop

Laid back stance persists on security problems in mining

Years of feverish negotiations between government and the local mining community over enhanced protection for the sector from an increasingly bold and ruthless criminal element is yet to pay any major dividends, according to some miners who attended the discourses on the industry during the Mining Week think-in held at the International Convention Centre at Liliendaal.

Haitian President Michel Martelly contemplating a piece of sculpture bought from a Guyanese sculptor last week at Carifesta XI in Suriname
Haitian President Michel Martelly contemplating a piece of sculpture bought from a Guyanese sculptor last week at Carifesta XI in Suriname

Some artists reported encouraging sales at CARIFESTA

Guyanese artists, craftsmen and women who travelled to Suriname to display and market their art and craft at the recently concluded 11th Caribbean Festival of Arts (CARIFESTA) were required to pay a non-refundable fee on their respective consignments, contrary to what they understood to be the conditions under which they were participating in the regional festival.

Maduro’s visit, PetroCaribe and Guyana/ Venezuela relations

A day is much too brief a period in which to undertake any substantive discussions and sign on to any new, significant agreements so that, in large measure, tomorrow’s  one-day visit here by Venezuelan President Nicholas Maduro simply follows a symbolic pattern between the two countries in which the respective Heads of State put in a presence in each other’s capitals.

Eighteen permits issued for chicken imports

The Ministry of Tourism, Industry and Commerce has told Stabroek Business that arising out of concerns expressed in the local poultry sector that artificial shortages are being created to force price increases, permits have been granted to eighteen importers to secure chicken from the United States and Suriname.

Frederick Curry

Regional forum to press for tightening of anti-money laundering systems

The vulnerability of small, fragile Caribbean economies to money laundering associated with narcotics and the laundering of illegally gotten funds makes it imperative that their governments ensure strict adherence to anti-money laundering measures and international benchmarks, a former United States banking regulator has said.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 526’s trading results showed consideration of $915,134 from 30,908 shares traded in 8 transactions as compared to session 525 which showed consideration of $9,412,050 from 480,625 shares traded in 20 transactions. 

Page One Comment: Amaila in a language that we understand

It appears not to have occurred to any of the sides in what has degenerated into an outrageously acrimonious debate over the proposed Amaila Falls Hydroelectric Project that there exists a close and critical relationship between the quality of life of ordinary Guyanese and the realization of a cheap and reliable source of energy.

Patrick Harding

January-June gold output tops 300,000 ounces

With world market prices for gold now in continual decline for most of this year, the local mining industry is challenging itself to raise production levels to ensure that increased volumes compensate for continually falling prices.

Amy Weeks (inset) with local beekeepers

Local bee industry to get disease- testing help from Louisiana expert

Guyana’s beekeeping industry could benefit from access to various forms of technical support from facilities in the United States following discussions here between local industry officials and a Louisiana-based beekeeper who recently completed a two-week stay here providing various forms of technical support for beekeepers.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 525’s trading results showed consideration of $9,412,050 from 480,625 shares traded in 20 transactions as compared to session 524 which showed consideration of $3,179,440 from 20,076 shares traded in 7 transactions. 

Business Briefs

Some Caribbean countries not dancing to Beijing’s tuneThe aggressive Chinese push to strengthen ties, particularly economic ones, with the Caribbean has not been a complete success despite billions of dollars of expenditure by Beijing in loans, grants and high-priced projects across the region.

Still waiting for the Small Business Bureau to kick in

If it was altogether predictable that the Amaila Falls hydropower project would dominate the discourses at the August 14-15 National Economic Forum, the fact that the role of the small business sector in the country’s wider economic ambitions failed to even make the cut as a key issue for discourse at the opening of the forum was a considerable disappointment.

Today's Paper

The ePaper edition, on the Web & in stores for Android, iPhone & iPad.

Included free with your web subscription. Learn more.