Business

Beginning last Tuesday the International Finance Corporation (IFC) in collaboration with the governments of the Netherlands and Japan and the Canadian International Development Agency (CIDA) commenced a four-day training exercise targeting commercial banks in the region and aimed at equipping the banks to make more informed judgements on the matter of lending to small businesses.

Gold

Exemption Everyone likes to receive good news and Guyanese might believe that they got some in the 2011 budget. 

In just over a year, Air Services Ltd (ASL), one of Guyana’s largest domestic aviation services, transformed an old cargo shed at Mahdia, a relic from the era of the Guyana Airways Corporation, into a critical cog in its interior aviation operations.

At 27, Cairan O’Toole can be described as a rising entrepreneur whose business ‘footprint’ is already plainly visible both here in Guyana and in Canada.

Investments in improving drainage structures in the country’s agricultural belt are paying major dividends since heavier than usual rains have not resulted in any major flooding.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 407’s trading results showed consideration of $1,122,200 from 20,105 shares traded in 6 transactions as compared to session 406 which showed consideration of $643,884 from 46,494 shares traded in 5 transactions. 

Private sector wage earners, particularly those in factories and urban commercial enterprises face unacceptable levels of exploitation resulting from employers’ preoccupation with profit and “a complete lack of concern” with the welfare of their workers.

United States investors will be seeking once again to take the investment ‘temperature’ of the Caribbean when the region’s ministers sit down with high-rolling investors at the June 9 Invest-ment Caribbean Power Breakfast at the New York Marriot Marquis Hotel.

Normal Tendency Not since 1999 has the index of departures from Guyana risen to such noticeable heights. 

For the month of  April 2011, 95,951,057 shares  valued at $33, 361,408, crossed the floors of the six stock exchanges across Caricom, with 63 stocks advancing,  23 declining and 35 remaining  unchanged. 

In the wake of concerns expressed by the world’s Least Developed Countries (LDCs) about difficulties being faced in attracting foreign direct investment  the United Nations Conference on Trade and Development (UNCTAD) has published a report that points to the need for those countries to correct critical infrastructural weaknesses to remedy this.

Since 1988, Burt and Vilma Denny has been demonstrating the kind of determination and resilience required to survive and grow in a local manufacturing sector that throws up its own fair share of challenges.

When Venezuela’s President Hugo Chavez faces the electorate in 2012, the stiffest challenge to his 13-year hold on power is likely to come from the private sector.

(Trinidad Express) More than 50 Air Jamaica employees have been let go from the airline.

BRIDGETOWN, Barbados (BGIS) – Barbadians who are interested in securing work in the agriculture industry in the United States of America are a step closer to achieving that goal.

News Americas, NEW YORK, NY, – Foreign direct investment in Latin American and the Caribbean could grow by as much as 25 percent this year.

Rising international food prices could trigger an acceleration of inflation in several countries in Latin America and the Caribbean this year, highlighting the need for policies to protect the urban poor, according to a new study by Inter-American Development Bank (IDB).

(Jamaica Gleaner) Former Finance Minister Dr Omar Davies has again bemoaned the absence of information on the concession being sought by United Company (UC) RUSAL that operates Ewarton and Kirkvine alumina works in Jamaica.

(Jamaica Observer) DIGICEL CEO Mark Linehan has warned that continued increases in the charge for electricity could force many local companies to shut their doors in another five years.