Business

It requires a fair measure of careful contemplation to determine which of Carol Fraser’s many talents is her main line of business.

Several weeks ago this newspaper expressed its considerable disappointment over what it considered to be a missed opportunity by the private sector arising out of a competition by the regional business support body, the Caribbean Export Development Agency (Caribbean Export) that resulted in winners from various other parts of the region being able to have their goods and services paraded at the recently concluded Olympic Games in London.

Business Cartoons

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 481’s trading results showed consideration of $2,867,665 from 125,083 shares traded in 13 transactions as compared to session 480 which showed consideration of $1,786,450 from 55,714 shares traded in 12 transactions. 

Overall investments in the Guyana economy facilitated by the Guyana Office for Investment (Go-Invest) climbed steadily between 2009 and 2011, according to the organisation’s 2010-2011 report.

Guyana’s manufacturing sector comprises mostly micro and small scale enterprises all of which require “interventions” designed to build capacity “in order to meet the stringent standards and certifications required for international markets,” newly elected President of the Guyana Manufacturing and Services Association (GMSA) Mahendra Chand has said.

One of the frequently discussed business issues in Guyana is the extent to which opportunities exist for the growth of the enterprises in the small business sector.

Dull Atmosphere Despite nearly one year of tentative and inconsistent governance, the Guyana economy is set to record another year of growth. 

– says some business houses ‘couldn’t care less’’  “An almost complete disregard for safety and health considerations,” obtains at several public and private sector entities and this could eventually seriously compromise Guyana’s standing as a destination for inves-tors, one of the country’s most experienced safety and health practitioners told the Stabroek Business in an exclusive interview last week.

The 2010-2011 Annual Report for the Guyana Office for Investment (Go-Invest) has highlights “accelerated growth” in investments in the mining, energy, services, tourism and wood products sectors and the role it has played in facilitating those investments.

Six all-female, agro-processing groups separated by vast expanses of land, water and mountainous terrain are discovering that there is mutual gain to be derived from collaborating even across those distances.

Currently in its 18th year of offering what it describes as “quality nature and adventure experiences”, Wilderness Explorer exudes an unbridled optimism about the future of the country’s tourism industry.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 480’s trading results showed consideration of $1,786,450 from 55,714 shares traded in 12 transactions as compared to session 479 which showed consideration of $1,685,294 from 29,039 shares traded in 9 transactions. 

Come Christmas, the process of transforming the southern end of Water Street will begin in earnest with the opening of the US$6 million Avinash Entertainment Complex.

– funding to come from GRIF Government will shortly roll out a new US$10 million financial support programme for small enterprises through the Small Business Bureau (SBB), Chief Executive Officer of the bureau’s Secretariat Deryck Cummings says.

 (Final part) Diaspora Aid There is little doubt that the development of Guyana over the last 20 years has been driven, in part, by the massive resource input of money, goods and skills contributed by the Guyana Diaspora. 

By Clinton Urling President Georgetown Chamber of COmmerce and Industry It is encouraging to see the issue of development banks being placed on the government’s agenda for discussion (“Government, private sector to collaborate on Development Bank white paper- Burrowes” SN, September 28, 2012).

Land mass limitations in a majority of Caribbean Com-munity (Caricom) countries make Guyana and Suriname crucial to any collective regional initiative to respond to the challenge of food security, according to Executive Director of the Caribbean Agricultural Research and Development institute Dr Arlington Chesney.

Governor of the Bank of Guyana Lawrence Williams has said that the bank will be seeking to ensure that the new $5,000 currency note shortly to be introduced lessens consumer dependency on the $1,000 note thereby reducing the risk of inflation in the economy.