Business

For all the public comments that have been made about the contribution that gold mining continues to make to the country’s economy, it is clear that far less attention than is warranted is being paid to the downside of the highly touted gold rush.

– new aircraft, Timehri hotel on the cards The acquisition of a new aircraft, the erection of a new hotel at Timehri and the installation of an ultra-modern industrial kitchen at the company’s Duke Lodge Hotel are some of the elements of an investment in the “ongoing consolidation” of Roraima Airways Inc, which the company’s Chief Executive Officer, Captain Gerry Gouveia, says will cost approximately US$18 million over the next five years.

The local rice industry is set to top the projected 406,000 tonnes for 2012 with Guyana Rice Development Board (GRDB) General Manager Jagnarine Singh disclosing that actual yield for the current year is likely to be closer to 420,000 tonnes.

At the end of every year, with monotonous predictability, talks between the Government of Guyana and the Guyana Public Service Union (GPSU) on the matter of public service wage increases enter into a condition of deadlock.

Declining Participation Unions in Guyana are not as strong as they used to be and many of the institutions that supported workers have either been weakened or otherwise undermined. 

The recently rebuilt Guyana Shop, part of the wider Guyana Marketing Corporation (GMC) is now offering both showroom and marketing space for manufactured products produced by more than 50 local entrepreneurs.

Mutton may not be at the top of the list among red meat consumers in Guyana but it has always laid claim to a significant market share of its own.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 486’s trading results showed consideration of $4,802,161 from 66,627 shares traded in 9 transactions as compared to session 485 which showed consideration of $5,734,609 from 223,014 shares traded in 18 transactions.

Publicly, the private sector umbrella organisations in Guyana are evasive in a long-winded sort of way whenever the issue of the proliferation of Chinese merchants and the impact of their presence on the local commercial sector arises.

Prior to immersing herself in the demanding pursuit of being a craftswoman, Juliana Hughes worked at several trades.

– poor households, under-skilled communities to get special attention Stabroek Business has been informed that the first phase of the long-awaited small business support project, officially titled ‘Micro and Small Enterprise Development and Building Alternative Livelihoods for Vulnerable Groups’ will get underway in January next year.

Caribbean ESCO Ltd, a Jamaican energy consultancy company, and a local electrical engineering firm, Dynamic Engineering Company, are collaborating with the Guyana Manufacturing and Services Association (GMSA) in the execution of a project designed to improve energy management in the local manufacturing sector by improving the efficiency of electrical equipment and appliances.

Loan Portfolio The most recent quarterly statistics from the Bank of Guyana show a mixed picture of the lending patterns of the commercial banks in Guyana. 

Five years ago, a group of farmers plying their trade in the Central Mahaicony village of Perth responded to the encouragement of the Ministry of Agriculture to band themselves into a collective in order to benefit from support services that were already being made available to other groups of farmers across the country.

– Urling urges local government reform, elections President of the Georgetown Chamber of Commerce and Industry Clinton Urling says businesses must take some of the responsibility for the “thoughtless dumping, littering” in the capital.

Mariam Allen is not one to hide her light under a bushel.

At the age of 15, Satrohan Sookdeo was required by his father to end his formal schooling and seek an apprenticeship in a trade that might one day provide him with a regular income.

By Collin M Constantine Guyana had experienced positive growth since 2006 and made exceptional strides in its recovery process from the rampant economic contractions and poor standards of living of the past.

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