Business

Downtown Georgetown yesterday

Elections jitters putting a hold on Christmas shopping

Buyers and sellers may be doing their best to put a brave face on it, but the available evidence would appear to suggest that the tidal wave of seasonal consumerism expected at this time of year is being put on hold by the November 28 general elections, now just over a week away.

LUCAS STOCK INDEX  The LSI gained 0.40 percent in trading this week on the Guyana Stock Exchange.  The stocks of Caribbean Container, Inc (CCI), Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL) and Guyana Bank for Trade and Industry (GBTI) traded during the week.  The strong showing of BTI stocks (4.35%) helped to push the index upwards.  DDL fell nearly one percent while the stock price of CCI and DBL remained unchanged.   Despite the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remained below 20 percentage points.

The mixing bowl

Weak The current administration was aware of the need to push investment in Guyana in an effort to grow the economy and to create jobs, and was engaged in several courses of action to achieve economic diversification through investment. 

Football mania at the Providence Stadium

Marketing sport and entertainment in Guyana

Attracting sustained private sector financial sponsorship for sport in Guyana, given a business community that comprises mostly small and medium-scale business enterprises is a challenge which only a handful of local sports organisations have been able to meet.

*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 434’s trading results showed consideration of $13,094,196 from 604,578 shares traded in 14 transactions as compared to session 433 which showed consideration of $582,155 from 47,850 shares traded in 3 transactions. 

Regional SME officials for UNCTAD-sponsored forum here

Officials of various small and medium-sized business enterprises from across the region will meet in Guyana from November 14 -16 to participate in a forum being sponsored by the United Nations Conference on Trade and Development (UNCTAD) to explore possibilities for increased networking and ultimately expanding the levels of intra-regional trade.

Regional utility regulators urged to create conditions for more liberalized telecoms sector

Regional legislators and regulators need to act collaboratively and with greater haste to better position Caribbean countries to remove their traditional sectors from within monopoly structures and into a more competitive environment, Barbados Minister of Commerce and Industry Haynesley Benn told the Ninth Annual Conference of the Organization of Caribbean Utility Regulators (OCUR).

Flood disruptions in Thailand will see fallout in local IT sector

At least two of the country’s leading computer suppliers are predicting short to medium-term delivery delays and possible price hikes in personal computers and components in the wake of the devastating floods in Thailand, the world’s second largest producer – behind China – of computer hard drives.

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