Business

Stock market updates

(Prepared by the Guyana Marketing Corporation and published by Stabroek Business as a public service)            *Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

President of the Central Corentyne Chamber of Commerce Leekha Rambrich is the first to admit that last weekend’s Tenth Berbice Expo held at the Albion Sports Complex may have fallen considerably short of the chamber’s and his own expectations.

The process of fast-tracking the regularisation of Brazilians working in the local gold industry could now begin in earnest following a call issued by the Ministry of Home Affairs for more than 600 miners, mostly Brazilians to report to the ministry’s Immigration Division.

There is a dimension to Guyana’s gold-mining industry that is venal, replete with extortion, bribery and violent crime.

There is a sense in which New Amsterdam’s recently commissioned four-storey Bristol Shopping Mall and Restaurant (the proprietor sometimes favours the more long-winded title Bristol-Apollo Lounge, Canje Pheasant Restaurant and Mini Mall) defies the widely-held notion that social and political instability in Guyana serves as a disincentive to attracting Guyanese in the diaspora to invest here.

For the past three years the ladies of the West Coast Berbice Branch of the Young Women’s Christian Association (YWCA) have been crossing the Berbice River to attend the annual Berbice Expo.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 522’s trading results showed consideration of $2,741,000 from 131,110 shares traded in 7 transactions as compared to session 521 which showed consideration of $1,446,395 from 9,649 shares traded in 14 transactions.

Just over a week after his multi-million dollar Laluni Street dental surgery was robbed by gun-toting bandits, Indian national Dr Soumi SenGupta told Stabroek Business that the experience will not deter him from pursuing his mission in Guyana.

Denise Thomas and Eartha Thornhill are second generation residents of the Soesdyke-Linden Highway.

As of 17:00 hrs yesterday the doors of the new Gravity Lounge restaurant, situated on the top floor of the new towering store at the corner of Regent and Camp streets, was due to open its doors to the public.

More than 25,000 visitors are expected to pass through the gates of the Albion Sports Complex between later today and Monday for the tenth Berbice Expo.

Local business support organisations continue to lobby for an end to the impasse which is stymieing the passage of legislation that will clear the way for the government to forge ahead with the Amalia Falls Hydroelectric Project, while seeking to steer clear of the political minefield that has arisen over the project.

NEWARK, NJ/BOSTON (Reuters) – US prosecutors have charged five foreign nationals with payment card theft resulting in more than $300 million in losses for companies in the US and in Europe in what they described as the country’s largest hacking fraud case in history.

Chinese business operators in Jamaica are being targeted for robbery by criminals on the island because of what the country’s Financial Investigations Division (FID) says is their known proclivity for conducting significant business transactions with cash.

Business Cartoons

We are yet to hear any further details of what we were told was a string of unfortunate occurrences that led to a number of exhibitors from Guyana being unable to participate in an Atlanta, USA trade fair and exhibition in which they had invested considerable sums of money, hoping, presumably, to recoup (at least) some of their investments through sales and, in the longer term, to create more permanent markets.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 521’s trading results showed consideration of $1,446,395 from 9,649 shares traded in 14 transactions as compared to session 520 which showed consideration of $1,175,126 from 44,632 shares traded in 8 transactions. 

The validity of official assertions targeting potential investors that Guyana is “open for business” cannot be sustained in circumstances where, so often, the authorities demonstrate “a lack of capacity to protect the local business community from vicious criminal attacks,” Georgetown Chamber of Commerce and Industry (GCCI) President Clinton Urling says.