Business

The seasonal vending that never fails to bring a period of chaos and confusion to the capital is here again.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 485’s trading results showed consideration of $5,734,609 from 223,014 shares traded in 18 transactions as compared to session 484 which showed consideration of $1,671,716 from 74,844 shares traded in 10 transactions. 

Amidst the ebb and flow of the political controversy plaguing the Amaila Falls Hydroelectric Project, President Donald Ramotar believes that the worst of the country’s electricity woes could be over “within three to four years’ time” if the anticipated deal for the completion of the project is signed by the end of the year.

Awareness of fire safety issues in the business community is not growing in tandem with the expansion of the urban commercial sector, Fire Chief Marlon Gentle told Stabroek Business in an interview earlier this week.

Conflicts occur The year is almost at an end, but there are already indications of how the country would perform in 2012.

Stabroek Business has learnt that earlier this week the Office of the Clerk of Markets ordered the closure of two stalls offering cooked food for sale in the Stabroek Market on account of the failure by the vendors to renew their Food Handlers’ Certificates.

A year after a multi-million-dollar pension book fraud at the Ministry of Human Services and Social Security, the ministry was yet to take control of the software used to print pension books, according to the 2011 Report of the Auditor General.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 484’s trading results showed consideration of $1,671,716 from 74,844 shares traded in 10 transactions as compared to session 483 which showed consideration of $906,350 from 54,585 shares traded in 6 transactions. 

The recent re-opening of the Guyana Shop inside the completely rebuilt premises housing the New Guyana Marketing Corporation also re-opens a modest window of opportunity for local manufacturers, particularly agro-processors, whose challenges include insufficient adequate outlets through which to market their products.

– upcoming seminar aims to kick start businesses The now defunct Linden Economic Advancement Programme (LEAP) could have done much more than it actually did to advance the interests of ordinary people in Linden who were willing to accept the support that was on offer to those who were prepared to undertake small business initiatives, an executive member of the Linden Chamber of Commerce (LCC) told Stabroek Business in an exclusive interview earlier this week.

“Several thousand” local small business enterprises continue to benefit from the package of products and services available under Scotiabank’s small business lending programme, Manager Marketing Jennifer Cipriani told Stabroek Business in an interview earlier this week.

Historic development The global financial crisis which hit the world four years ago continues to produce aftershocks which are altering the global economic and financial formations. 

Public and political controversy over the management of medical supplies and drugs by the Government of Guyana is not confined to what its critics allege is considerable discrimination in favour of the privately-owned New Guyana Pharmaceutical Corporation (New GPC).

By Collin M. Constantine and Saieed I. Khalil The persistence of pioneering oil exploration companies in continuing drilling activities off the Guyana coast has served as an indicator that this tiny nation on the North East shoulder of South America may very well be on the cusp of a major oil find.

The customary anomalies in the management of public funds repeatedly pointed out in successive reports of the Auditor General on the Public Accounts of Guyana surfaced again in the recently released 2011 Report, with seeming irregularities in financial transactions involving public sector administrators and private enterprises undertaking contracts paid for by public funds.

Caribbean commercial banks could adopt a more assertive policy in relation to the new United States Foreign Account Tax Compliance Act (FATCA), which is scheduled to come on stream next year.

Sybris Harvey believes that she has her feet set on a path that is taking her in the direction of a life’s ambition: to own her own business.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 483’s trading results showed consideration of $906,350 from 54,585 shares traded in 6 transactions as compared to session 482 which showed consideration of $$6,834,728 from 322,052 shares traded in 15 transactions. 

Not nearly enough public attention is paid to the Auditor General’s Report.