Business

Business Cartoons

A fact-finding team from the Caribbean Export Development Agency (CEDA) commonly referred to as Caribbean Export has listed a litany of resource-related and operational deficiencies in the Guyana private sector which inhibits the ability of local enterprises to secure optimum access to international markets.

Three months ago one of the pioneers of urban commercial activity in contemporary Georgetown finally cut its trading ties with the city, closing down its well-known distribution outlet at the corner of Camp and Robb streets and shifting those operations to the industrial site on the southern edge of the city where its factory operations had been located for several years.

There are several developments in the business sector that could impact positively on local small and medium-sized enterprises.

Location of the Burden As was observed last week, evidence to suggest that VAT had not led to a reduction in tax evasion might exist. 

– association urges self regulation, enforcement of safety protocols In an environment where there is a preoccupation with the lure of gold it is by no means uncommon for people to indulge in acts of recklessness without due regard to their safety and health, Guyana Gold and Diamond Miners Association (GGDMA) official Colin Sparman says.

The space afforded the Guyana Shop in the rebuilt complex housing the New Guyana Marketing Corporation (New GMC) now better positions the entity to provide prominent display space for locally manufactured agro-products seeking enhanced access to both local and overseas markets.

Ann Robin is a welcome distraction from chaos of the rush-hour traffic that is harnessed by the nest of traffic lights at the corner of Camp and Lamaha streets.

– chamber says way clear for small businesses to join  Public-private sector deliberations on the creation of a development bank in Guyana have a greater chance of bearing fruit if government makes the first approach, President of the Georgetown Chamber of Commerce and Indus-try Clinton Urling told Stabroek Business in a telephone interview on Monday.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 482’s trading results showed consideration of $6,834,728 from 322,052 shares traded in 15 transactions as compared to session 481 which showed consideration of $2,867,665 from 125,083 shares traded in 13 transactions. 

One of Guyana’s most successful entrepreneurs in the manufacturing sector, Ronald Ramjattan has grown accustomed to the awards that have been showered on his company.

Clairmonte Cummings, the 25-year-old Operations Director at United Investment Trading is an International Business graduate of Florida International University and the most senior executive of what, arguably, is the country’s single largest department store.

In the matter of the recently announced interest on the part of Trinidad and Tobago in working with Guyana towards the creation of a regional food security plan, Head of Resource Mobilization at the Caribbean Agricultural Research and Development Institute (CARDI) Maurice Wilson has more or less told the supposed interested parties to put up or shut up.

Speaker of the National Assembly Raphael Trotman will address a business luncheon being hosted by the Georgetown Chamber of Commerce and Industry (GCCI) at the Pegasus Hotel, Guyana next Thursday.

Directly Involved The value-added tax or VAT as it is more frequently called was introduced in Guyana in the year 2007 to replace the Consumption and other taxes which, ironically, were not consciously paid by the consumers. 

In the fiercely competitive world of information technology the Chinese brand Lenovo has recently taken over from its equally illustrious competitor Hewlett Packard (HP) as the world’s leading seller of computers, a circumstance that is not without significance even for the miniscule Guyana information technology industry.

Persistent complaints from sections of the mining community regarding the security implications of illegal shops in mining areas across the gold-bearing regions of the country have led to a new initiative by the Ministry of Natural Resources and the Environment to regularize the operation of commercial enterprises at mining sites.

A two-year trade capacity building project is being initiated by the Trade Facilitation Office (TFO) of Canada and the Canadian Executive Services Overseas (CESO) in collaboration with the Guyana Manufacturers and Services Association (GMSA) to increase international market share for local art and craft and artisanal products.

JTW & Associates Management Institute Inc, a local management consultancy firm, is among a number of private sector enterprises in the region to secure approval for grant funding from Caribbean Export under its new €2.5 million funding from the European Union.