Business

General Agreement Guyana began its return to a market economy in 1989 with the implementation of the “Economic Recovery Programme” (ERP) which was introduced by the Hoyte Adminis-tration. 

Farmers cultivating crops on state land in Region Ten have been unable, over the years, to access funding opportunities that had become available through the Linden Economic Advancement Programme (LEAP) and other lending and grant avenues on account of being unable to secure leases for the land they have been cultivating, officials of the Region Ten Farmers Association have told Stabroek Business.

Up to 65 farmers’ groups from various regions of the country will benefit from grants totalling around $120 million and loans totalling $38 million through a US$6 million loan/grant facility extended to the Government of Guyana by the Inter-national Fund for Agricultural Development (IFAD) under the Rural Enterprise and Agricultural Development (READ) project.

A group comprising farmers, trained agriculturalists and potential investors are spearheading the creation of a cooperative society aimed at mobilising resources in pursuit of the local pork production industry.

Government is taking seriously the lobbying efforts of the tourism industry for amendments to legislation to ensure that the country secures a bigger share of the regional market for wedding tourism, according to Roraima Airways Inc.

Some countries in the region can perhaps, do much worse than follow the lead which the United Kingdom has set in what now appears to be an all-out war against tax evaders.

A fair measure of evidence is emerging that oil-rich Trinidad and Tobago is beginning to assume a position of prominence in the region in seeking to respond to what politicians and experts alike now agreed is a need for a collective focus on food security.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 496’s trading results showed consideration of $2,964,523 from 30,991 shares traded in 30 transactions as compared to session 495 which showed consideration of $18,965,940 from 963,100 shares

As far as losses are concerned Ocean View Hotel General Manager Desiree Rambarran would only say that they run into “many millions.”

A combination of local and overseas training and recruitment of trained personnel in the diaspora could see Guyanese occupying high-level operational positions in the production phase of the multi-million-dollar Guyana Goldfields, Chief Executive Officer Patrick Sheridan has told Stabroek Business.

Time was, almost four decades ago, when the slogan ‘buy local’ was commonplace in Guyana; buying local was regarded as a progressive domestic development designed to encourage Guyanese to consume more of what was produced at home primarily as a means of conserving expenditure on imported foods.

Benefits for Tax Contributions Undoubtedly, the private sector has seen benefits for the tax contributions that it provides. 

Since its launch last year at GuyExpo, Jermin’s Enterprise has been aggressively marketing a product which, in our particular circumstances, ought to attract some measure of interest on the local market.

By Lloyda Nicholas-Garrett Emelda Collins belongs to that hardy breed of Guyanese women who understand only too well that life can sometimes be a prolonged struggle and that survival means waging that struggle on a sustained basis.

The migration of skilled workers poses an imminent threat to the growth of the productive sector in Guyana, which can only be overcome by accelerated training programmes designed to replace them, President of the Georgetown Chamber of Commerce and Industry (GCCI) Clinton Urling told the Stabroek Business earlier this week.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 495’s trading results showed consideration of $18,965,940 from 963,100 shares traded in 37 transactions as compared to session 494 which showed consideration of $14,421,381 from 486,358 shares traded in 27 transactions. 

In this week’s issue of the Stabreoek’s Business we publish the first Installment of what we hope will be a sustained series of articles titled Talking Points.

The Canada-based gold mining company Guyana Goldfields, which has been working to advance and develop its Aurora Gold Project here since 1996, last week committed to a time frame of “the first quarter of 2015” for the production of gold in Guyana.

The Chinese company Bai Shan Lin Forest Development Inc, which last week announced that it was seeking to recruit 700 Guyanese workers to kick-start a number of major investment projects in Guyana is aiming to provide jobs for up to 10,000 Guyanese in the longer term, Whenze Chu, Chairman of the company’s parent entity China Forest Industry Group Company Ltd, said.