Business

“Tenderpreneurs are people who (ab)use power, influence and their network of contacts to win state contracts for their personal enrichment.

It was clear from the tone of Tuesday’s Georgetown Chamber of Commerce and Industry (GCCI) media release that the chamber is pretty sore over what it believes is the evidence provided in Monday’s spate of robberies that the police are not doing enough to protect the business community.

(Jamaica Observer) American tech expert JJ Geewax has set up a business incubator in Jamaica that will invest in local start-ups and aspiring entrepreneurs interested in the global technology industry.

An international energy management specialist has told a local workshop organised by the Guyana Manufacturing & Services Association (GMSA) that the business sector must take energy management to the very top of the totem pole if it is to prosper.

Just a few weeks after the Georgetown Chamber of Commerce and Industry (GCCI) promulgated its Competitiveness Manifesto which included a recommendation on strengthening economic diplomacy there have been soundings elsewhere in the Caribbean about the need for diplomatic missions to play a more central

Up to two weeks ago the local banking sector remained tight-lipped on the progress it is making in meeting the conditionalities imposed by the Foreign Account Tax Compliance Act (FATCA) enacted by the US Congress in 2010.

(Trinidad Express) – CLICO Investment Fund (CIF) unit holders will receive their second semi-annual dividend payment on August 21.

FRANKFURT (Reuters) – The European Central Bank moved yesterday to get more money to the euro zone’s struggling small businesses, letting banks use more of the assets once blamed for triggering the financial crisis as collateral for cheap loans.

GASCI reports that session 520’s trading results showed consideration of $1,175,126 from 44,632 shares traded in 8 transactions as compared to session 519 which showed consideration of $2,117,516 from 17,190 shares traded in 6 transactions. 

In a year when the Ministry of Housing-sponsored International Building Expo reflected few if any new developments in the manufacturing sector, BK Quarries Inc, a subsidiary of the BK Group of Companies, is promoting a relatively new product.

The Guyana Bank for Trade and Industry (GBTI) is partnering with four of the country’s leading service and solutions providers in the information technology sector in order to raise the level of consumer access to tools necessary for their effective utilisation of the information super highway.

Backseat It is not often that so many issues of capital budgeting are discussed as stories in their own right in the newspapers, even though matters of public spending are reported upon quite frequently.

“Corrupt practices constitute a vicious force that undermines fair competition, suppresses economic growth and ultimately destabilises an entrepreneur’s own existence,” Canada’s High Commissioner to Guyana David Devine declared in his feature address to mark the 10th anniversary of EMPRETEC last week.

Contractors and hardware store proprietors along with the commercial banking sector have been singled out by Housing and Water Minister Irfaan Ali as the private sector entities that provide significant material and technical support for the country’s housing drive.

The creation of the new Guyana Fashion Designers Council seems set to create lucrative entrepreneurial opportunities in a sector which has, up until now, been unable to come even close to realising what is widely believed to be its considerable potential.

President of the Guyana Manufacturers and Services Association (GMSA) Clinton Williams wants the construction industry to implement a “broad-based education and sensitisation programme” that seeks to absorb larger volumes of lesser known species of Guyana’s hardwoods into the country’s building sector.

It appears that the local manufacturing sector – or perhaps more accurately its umbrella organisation, the Guyana Manufacturing and Services Association (GMSA) – has opted for deafening silence in the wake of what is widely known to be a condition of crisis in the local industry.

GASCI reports that session 519’s trading results showed consideration of $2,117,516 from 17,190 shares traded in 6 transactions as compared to session 518 which showed consideration of $5,977,568 from 148,032 shares traded in 16 transactions. 

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