Business

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 463’s trading results showed consideration of $5,083,097 from 110,681 shares traded in 32 transactions as compared to session 462 which showed consideration of $2,897,117 from 150,495 shares traded in 12 transactions. 

Missed opportunities

Twice recently local private sector enterprises missed out on golden opportunities to be considered for the international marketing of goods and services, which were made available through projects funded by the Caribbean Export Development Agency, commonly referred to as Caribbean Export.

Keith Burrowes

Progress seen in recovery of GNCB loans, Burrowes says

Government is persisting in its efforts to recoup billions of dollars in outstanding loans granted by the now wound-up Guyana National Cooperative Bank, (GNCB) and has considerably reduced the amounts, according to Keith Burrowes, who heads Guyana Cooperative Financial Services (GCFS), the agency set up by government to administer debt collection.

LUCAS STOCK INDEX LSI In the first week of June the Lucas Stock Index (LSI) gained 1.29 per cent.  This was attributable to a rise in the stock value of Caribbean Container Inc (CCI) and Demerara Tobacco Company (DTC) which rose 0.67 and 10.64 per cent respectively.  As a result, the LSI exceeds the yield on the 364-day risk-free Treasuries that will mature in December 2012 by over seven percentage points.

Is Datang likely to take over GT&T fully?

Satisfactory first quarter The Guyana Telephone and Telegraph Company, generally referred to as GT&T, was formed in 1991 after the Government of Guyana (GOG) under the late President Desmond Hoyte sold an 80 per cent share of the state-owned entity Guyana Telecommunications Corporation (GTC) to Atlantic Tele-Network, or ATN. 

No urgency among Caricom leaders on agriculture

The sense of urgency being demonstrated by small farmers in the region on the matter of maximizing agricultural production to boost earnings and improve security in the Caribbean is not being matched by their governments, Specialist in Crop Production and Nursery Operations at the Ministry of Science, Technology and Tertiary Education in Trini-dad and Tobago Douglas Gregg said.

John Lewis

Skills sourcing company to be ‘creative, aggressive’

As part of its focus on meeting the requirements of its overseas-based clients, the recently launched Guyana Logistics and Support Services (GLASS), will be seeking to source the skills required to meet the needs of investors, Director of the entity Romona Van Sluytman told Stabroek Business in an interview last week.

Local and international specialists examining a Shadehouse at Friendship on the East Bank Demerara

Growing interest in hydroponic farming

It may be early days yet for Guyana’s small but animated community of hydroponic farmers currently benefiting from a Shadehouse Vegetable Production and Marketing Project, but the potential for the further popularization of the project and perhaps the eventual securing of overseas markets has already begun to energize participants.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 462’s trading results showed consideration of $2,897,117 from 150,495 shares traded in 12 transactions as compared to session 461 which showed consideration of $2,354,250 from 172,000 shares traded in 8 transactions. 

GCCI President Clinton Urling

Government, opposition must cut ‘political posturing’, Urling says

President of the Georgetown Chamber of Commerce and Industry (GCCI) Clinton Urling has said that the political administration and the majority parliamentary opposition must engage each other on the potential benefits of some of the projects that are affected by the cuts to this year’s budget with the aim of having supplemental provisions funded.

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