Business

Beginning with this issue the Stabroek Business will be publishing a Caribbean Stock Report which is being made available to the newspaper by the Department of Management Studies of UWI’s Cave Hill Campus.

Stock market updates

President of the Georgetown Chamber of Commerce and Industry (GCCI) Komal Ramnauth is predicting a significant increase in prices unless fuel prices go down quickly.

Ask local businessmen their opinions on the biggest threats to the growth and development expansion of the private sector in Guyana and many of them are likely to tell you that at least one of those threats is the scarcity of management skills to keep the wheels of industry turning.

Not a few owners and Chief Executive Officers of business houses in Guyana have complained from time to time about the challenges which they face in running their enterprises respectively in the face of a scarcity of skills, particularly though not exclusively at the senior management level. 

A-rite

Happy Not too long from now Sterling Products Limited (SPL) will convene its Fifty-Sixth Annual General meeting to consider the performance of the company in 2010 and deliberate on plans perhaps already underway for 2011. 

By Hallam Hope Would you like the option to change your cellular or landline service provider and still keep what might be a cherished telephone number?

Georgetown Chamber of Commerce and Industry (GCCI) President Komal Ramnauth says the registration of 99 new companies last year, including the creation of 3,246 new businesses during the first six months are evidence of significantly increased business activity.

The Guyana Telephone & Telegraph Company’s (GT&T) E-magine broadband service will not likely be available to West Coast Demerara residents until some time next year, according to a report from the telecoms provider.

Eating out In Georgetown

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 403’s trading results showed consideration of $583,900 from 25,700 shares traded in 6 transactions as compared to session 402 which showed consideration of $887,422 from 60,225 shares traded in 7 transactions. 

Canadian mining company Guyana Goldfields last week announced its intention to start up its $165 billion underground gold mine, the largest ever in the history of Guyana, this year.

We had an outstanding year – Yesu Persaud The 2010 Annual Report of the Institute of Private Enterprise Development (IPED) reflects a 13.8% increase in the value of loans disbursed to its clients last year over the previous year, underscoring the entity’s long-established role as the country’s leading small business lending agency.

While we have no wish to question the sincerity of the recent statement by the Georgetown Chamber of Commerce (GCCI) on the issue of compliance, or more accurately, widespread lack of compliance with fire regulations by large sections of the urban commercial community, it has to be said that the various private sector bodies have been paying little more than lip service to an issue that has been with us at least for several decades and one which, periodically, manifests itself in disasters that leave ugly scars on the urban commercial landscape and devastate what in some cases are decidedly under-insured business houses.

Thank you iped

Sale The Guyana Telephone and Telegraph Company, generally referred to as GT&T, was formed in 1991 after the Government of Guyana under the late President Desmond Hoyte sold an 80 per cent share of the state-owned entity Guyana Telecommunications Corporation (GTC) to Atlantic Tele-Network, or ATN. 

By Karen Abrams Guyana’s 2002 census results reported overall unemployment at 11.7% in 2002. The

Prolonged controversy over Guyana’s rice exports to Jamaica appears to have arrived at a positive juncture, at least for the time being with the announcement earlier this week that local rice exports to Jamaica will increase to 55,000 tonnes this year.

a“Poor management and unnecessary political interference, continue to plague Guyana’s struggling sugar industry,” according to Chairman of the Institute of Private Sector Development (IPED) Dr Yesu Persaud.