Business

High cost of doing business  a common problem in the region: World Bank VP The high cost of doing business in a challenging business environment is one of the common problems confronting the region as a whole, says World Bank Regional Vice President for the Caribbean and Latin America Hasan Tuluy.

By Clinton Urling 2011 Year’s Economic Growth Continuing an impressive streak of growth that has now run for six consecutive years, Guyana’s economy turned in another stellar performance last year, growing by a rate of 5.4 per cent.

The 11-year-old Pomeroon Women’s Agro Processors Association (PWAPA) has, over the years, come to be regarded as one of the region’s high-profile blue ribbon projects.

Simone Adams’s un-swerving focus on building a successful business has not distracted her from other worthwhile goals that she has set herself.

Charity’s Monday Market serves as a trading post for buyers and sellers who come from distances as far apart as Georgetown and the small sleepy villages of the North West District.

Business Cartoons

Just about every senior government official – including President Donald Ramotar – has had his or her tilt at the parliamentary opposition’s cuts to the 2012 budget; the repetitive nature of the well-publicized official protests becoming sufficiently repetitive to cause them to resemble a none too ingenious public relations campaign designed to cause it to appear as though the budget cuts had placed the government’s spending plans for this year in imminent and irreversible jeopardy.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 461’s trading results showed consideration of $2,354,250 from 172,000 shares traded in 8 transactions as compared to session 460 which showed consideration of $8,736,516 from 605,193 shares traded in 16 transactions. 

Weeks shy of the 13th anniversary of its commissioning Pomeroon Oil Mills, owned by businessman Alfro Alphonso is facing challenges, recovery from which will take some doing and is looking to diversify its product range.

Local miners who attended last Wednesday’s meeting with Natural Resources Minister Robert Persaud and Home Affairs Minister Clement Rohee say that while they are supportive of government’s efforts to enforce the country’s mining regulations they believe the issue of work permits for foreigners in the industry, specifically Brazilians, should be expedited.

Not too many people bother to bat an eyelid these days when a public announcement is made about the uncovering of a corruption-related occurrence at the Guyana Revenue Authority (GRA).

Needed Focus With the service sector accounting for two-thirds of the output of the economy, the behavior of major industries in that sector deserve some attention. 

Local sawmills and lumberyards are habitually in breach of the regulations governing the sale of timber, which sometimes have a serious impact on consumer satisfaction, officials of the Guyana Forest Producers Association (GFPA) have told Stabroek Business.

Farmers from the Essequibo coast and Pomeroon River have secured ‘high marks’ from international donors and visiting specialists for the progress which they have made in ‘taking forward’ a Shade House Vegetable Production Project launched in several parts of the country with the support of several multilateral agencies including Partners for the Americas, Caribbean Self-Reliance International (CASRI) and the Inter American Development Bank through its Multilateral Investment Fund.

Vilma Da Silva is a hale and hearty-looking 50-year-old resident of the Pomeroon with as fine a business brain as any you might find in the city’s corporate community.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 460’s trading results showed consideration of $8,736,516 from 605,193 shares traded in 16 transactions as compared to session 459

Stakeholders in the local forestry sector are to make a submission to local commercial banks that could determine whether or not the industry secures the financial support it desperately needs for recapitalization, President of the Forest Producers Associa-tion (FPA) Hilbertus Cort has told the Stabroek Business.

Significant changes in the mining industry resulting from the profits that now accrue to investors continue to present challenges to the regulatory capacity of the state machinery, a Guyana Gold and Diamond Miners Association (GGDMA) senior official has told Stabroek Business.

Beginning in this issue, Stabroek Business will be publishing a series of interviews with women owners of business enterprises.