Business

Jamaica would appear to be following Guyana’s lead in continuing to place its faith in sugar production with last Thursday’s announcement by the Ministry of Agriculture and fisheries in Kingston that the upgrading of irrigation and drainage facilities in the industry has been

For all the stumbling blocks that have been placed in the way of the transformation of the Ogle aerodrome into Guyana’s second international airport, the management of Ogle Airport Inc.

DIGICEL Chief Executive Officer Gregory Deane says the company is not ruling out post-liberalization investment in the country’s domestic landline telephone service though he says that the first order of business once the monopoly comes to an end would be to move to reduce the rates for overseas calls by providing competition in that area.

Stock market updates

Construction industry claims that the lumber sector is failing to satisfy local demand for high-quality products are being disputed by Agriculture Minister Robert Persaud.

Against the backdrop of the worsening problem of the illegal copying of published school texts, one of the few established bookstores remaining in Guyana has slashed its imports by around 50 per cent ahead of the start of the new academic year.

Appearance While income in the construction and engineering sector of the Guyana economy has been growing at the rate of 12 percent per annum over the last five years, there is an increasing lack of attention to a critical aspect of Guyana’s infrastructure. 

From home-seekers exploring construction financing options to commercial banks, building contractors and hardware merchants offering their various sector-related services, Guyana’s Second Annual International Building Expo attracted an estimated thousands of visitors and scores of service providers over the July 29-31, 2011 weekend.

The Florida-based international air cargo service, AMERIJET which  provides freight forwarding facilities to all CARICOM member states is currently celebrating the twentieth anniversary of its scheduled all-cargo service to Trinidad and Tobago.

Jamaican-born United States citizen Fred Hylton is beginning to see light at the end of an investment tunnel in which he and his wife have dwelt here in Guyana for more than five years.

Last week’s first Colombia-Brazil Investment Forum in Bogota featured a level of private sector discourse on trade, investment and economic cooperation between South America’s two largest economies that put into sharp perspective the strategy underpinning Brazil’s strategic pursuits in the hemisphere.

Business Cartoons

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 420’s trading results showed consideration of $1,765,625 from 44,350 shares traded in 7 transactions as compared to session 419 which showed consideration of $705,696 from 24,423 shares traded in 19 transactions. 

For several years now the Food and Drug Analyst Department has been complaining about the paucity of resources with which to carry out its functions which functions include the monitoring of food and drug imports with a view to determining their safety and fitness or otherwise for human consumption and ensuring, as far as possible, that expired foodstuff is removed from the shelves of supermarkets and outlets rather than sold to consumers at risk to their health.

The Canadian-based company, Sandspring Resources Ltd last month announced “further encouraging gold and copper assay results” from a recently completed drilling programme at its Toraparu gold/copper deposit in Guyana.

If Global Hardware gets its way the Polypropylene Random Copolymer (PPR) pipe which it currently manufactures and markets in Guyana and elsewhere in the Caribbean will seize a considerable share of the domestic plumbing market currently controlled by the familiar PVC pipe.

Guyanese-born Quality Auditor Owen Ramsay has stated in a paper prepared for Stabroek Business that despite the support of various international agencies most companies in Guyana that participate in ISO 9001 standards enhancement programmes “are not operating close to or at world class levels.”

Businessman and aircraft pilot Gerry Goveia has told Stabroek Business that the worst possible response that can come from the Caribbean in the wake of last Saturday’s Caribbean Airlines crash upon landing at the Cheddi Jagan International Airport, Timehri is to seek to definitively attribute blame ahead of “an official technical report” on the incident.

Redjet

The latest fortnightly Tropical Timber Market report produced by the International Tropical Timber Market Organization (ITTO) has alluded to work being done by the Guyana Forestry Commission (GFC) to upgrade the capacity of the country’s wood-processing industry.