Just days after President Donald Ramotar’s undertaking that government will provide support for accelerated job-creation in Linden, Region Ten Chairman Sharma Solomon has told Stabroek Business that state-initiated programmes designed to generate private sector activity in the mining community must not only have the backing of the community, but must be free of official controls that place unacceptable limits on Lindeners’ ability to determine how such programmes are managed.
Small businesses could secure an important breakthrough in the near future if plans by the Georgetown Chamber of Commerce and Industry (GCCI) to make adjustments to its membership criteria to accommodate business enterprises which have traditionally failed to find a home amongst the country’s more established commercial enterprises come to fruition.
LUCAS STOCK INDEX No stock trades occurred in the last week of April 2012. As a result, the difference between the index and the yield of the 364-day Treasury Bills remained unchanged.
Targets
Two things are obvious from the preceding week’s presentation. The first is that both financial and non-financial institutions are targets of the FATCA law, and the other is that the new rules affect them in similar ways.
Stabroek Business has learnt that the recent closure of Brazilian-run mining operations here by the Ministry of Natural Resources and the Environment could become the subject of bilateral discourse as both officials in northern Brazil and the Brazilian Embassy here are reportedly paying an interest in the development.
By Averil Williams
Performance reviews are often misunderstood and underutilized. If done properly, they can ensure success at both the organizational and employee levels.
High risks associated with the likelihood of fires, flooding and damage to property resulting from riots make insurance coverage costly for businesses trading in the city.
The promised investment by the Chinese bauxite-mining company Bosai in dust extractors for its operations at Linden will probably benefit the company much more than it will the community, Region Ten Chairman Sharma Solomon has said.
By Jagdish Bhagwati
NEW YORK – The selection of the American nominee Jim Yong Kim as Presi-dent of the World Bank, over Nigeria’s finance minister, Ngozi Okonjo-Iweala, who was overwhelmingly regarded as a vastly superior candidate, is impossible to condone but easy to explain.
The traditionally conservative nature of local umbrella business organisations sometimes makes sound and effective reporting on matters of business and the economy particularly challenging since issues and questions often arise outside the scope of information that is provided in the reports that are made public by those organisations.
Food security considerations and continually escalating food import bills are yet to push the Caribbean in the direction of investing significantly more resources in its agricultural sector, according to Executive Director of the Caribbean Agricultural Research and Development Institute (CARDI) Dr Arlington Chesney.
President of the Georgetown Chamber of Commerce and Industry (GCCI) Clinton Urling has set out the Chamber’s stall with regard to its independence from external control and influence by pointing to the role the Advocacy Committee will play in formulating and articulating the positions the chamber holds on critical business and national issues.
In recent years, gold mining in Guyana has drawn attention to itself for more reasons than the fact that the industry has prospered on account of continually rising world market prices for gold.
Lengthy delays in the processing of work permits by the Ministry of Home Affairs contribute to illegal gold-mining by a number of non-Guyanese miners, particularly Brazilians, according to a Guyana Gold and Diamond Mining, and Association (GGDMA) source.
While the commercial banking sector in Guyana is yet to make a pronouncement on how it is likely to respond to the US’s new Foreign Account Tax Compliance Act (FATCA) which requires the banks to submit to the Internal Revenue Service (IRS) financial information on clients deemed by Washington to be “persons of interest,” the new law, which comes into effect in January 1, 2013 is making waves in social, political and business circles in Jamaica.
Local accountants who are members of the Association of Chartered Certified Accountants (ACCA) are to benefit from a one-day seminar on Friday May 4 that will address a range of issues relating to the practice of the profession.
The Government of Guyana may be upbeat over the prospects of the arrival of the Marriott brand here but one particular Caricom country is accusing Marriott of failing to honour a commitment which it made with the authorities there.
GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 457’s trading results showed consideration of $1,406,207 from 21,014 shares traded in 12 transactions as compared to session 456 which showed consideration of $1,412,513 from 115,081 shares
