Business

NOTICE

Due to circumstances beyond our control we were unable to publish part II of the promised three-part series on Performance management Practices by the Trinidadian consultant Averil Williams.

The Caribbean attendees at the March forum for women entrepreneurs in Washington
The Caribbean attendees at the March forum for women entrepreneurs in Washington

Guyanese businesswomen to benefit from new US-backed regional business grouping

Guyanese businesswomen are poised to benefit from the newly formed Caribbean Women Entrepreneurs (WEN) established last March and arising out of a forum for Caribbean women entrepreneurs organized by the United States State Department’s Global Women’s Issues Initiative being led by Secretary of State Hillary Rodham Clinton.

President GAS Karl Persaud
President GAS Karl Persaud

Bee sector needs commercial bank backing – society President

Guyana’s apiculture industry may still be light years away from matching the honey production levels of the global giants but President of the newly formed Guyana Apiculture Society (GAS), Karl Persaud believes that there are significant economic gains to be realized from the sector if it can secure a heightened level of private sector interest and a more generous measure of public sector support.

Roussef worried over easy credit

Brazil’s President Dilma Rousseff has voiced her country’s concern to US President Barack Obama over what she says are policies by developed countries that allow for easy credit, threatening the growth of emerging economies like Brazil’s.

The ocean Saratoda oil rig

Budget highlights role of extractive industries

Government continues to ‘talk up’ the dominant role which the extractive industries  are poised to play in the Guyana economy with Finance Minister Dr Ashni Singh using his 2012 budget presentation to outline the positioning of those industries as major contributors to what he described as the country’s “economic transformation over the next five years.”

LUCAS STOCK INDEX  The LSI remained unchanged in the first week of trading in April 2012.  All three stocks that traded, Banks DIH (DIH), Demerara Bank Limited (DBL) and Demerara Distillers Limited (DDL), recorded no change in value.  As a consequence, the index remained 2.43 points above the Treasury yield.

Power and finance

Scrutiny In the last few days, the Guyana Power and Light Company (GPL) has come under intense press scrutiny for a financial decision that it made about generators used in its operations.

Performance Management Practices: It’s not an HR ‘Thing’ – Its ‘The’ way of managing business

 This is the first in a series of three articles on Performance Management Practices prepared for The Stabroek Business by the Mersu Caribbean Consulting Group, a Trinidad and Tobago-based Image Management, Public Relations and Business Consulting Group  By Averil Williams    The current global recession has forced companies worldwide; to take a step back and utilize their analytical lenses to relook the way performance management is handled, and to enhance the methods that are used in conducting business.

Market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 454’s trading results showed consideration of $2,586,742 from 213,324 shares traded in 10 transactions as compared to session 453 which showed consideration of $1,059,385 from 78,653 shares traded in 10 transactions. 

Suriname Airways

There was no mistaking the sense of optimism and enthusiasm in the tone of Suriname Airways Guyana Representative Rudi Westerborg during the briefing which he gave this newspaper earlier this week on the airline’s new twice weekly service between Georgetown and Miami which commences on April 3.

LUCAS STOCK INDEX  The LSI declined 4.84 percent in the fourth week of trading in March 2012.  The decline was on account of a 9.33 percent drop in the price of the stock of Banks DIH (DIH) and the light trading on the exchange this week.  The stocks of DIH were joined by those of Demerara Distillers Limited (DDL) in trading this week, with the latter showing no change.  The loss pushed the index down to just 2.43 points above the Treasury yield.

Wanted: Public Assistance

Public Accountability Most times when there is an appeal for public assistance, it is the Police seeking help finding a suspect or some vulnerable community or needy individuals in search of government aid. 

Food and Drugs Department hard-pressed to halt import of mercury-laden beauty products

Stakeholders in Guyana’s multi-million dollar cosmetics industry may have noted the recent disclosure by the Ministry of Health’s Food and Drugs Department (FDD) regarding the presence in skin lighteners and other beauty products of potentially harmful levels of mercury, but are not prepared to go public on an issue which Head of the FDD Marilyn Collins says we have every reason to worry about.

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