Business

The Georgetown Chamber of Commerce and Industry (GCCI) has told Stabroek Business that while it continues to engage with stakeholders in the small business sector,

A regional body designed to accelerate the involvement of young Caribbean people in entrepreneurial pursuits could be established by mid-2011 according to Regional Technical Coordinator for Youth Business Trusts in the Caribbean Marcia Brandon.

The recent upheaval arising out of the displacement of several vendors from outside the Stabroek Market following the grenade explosion early last month raises once again the issue of how to treat seriously with urban street vending.

E= Mc 295,000

True and accurate The condition of the manufacturing sector offers a glimpse of what is wrong with the economic conduct and policy of the current administration. 

The names Melissa Barnwell, Jameer Shamshudeen and Rawle Small are probably known to few people outside their immediate circles of friends and families.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 393’s trading results showed consideration of $598,592 from 35,223 shares traded in 14 transactions as compared to session 392 which showed consideration of $2,973,537 from 237,248

“Part of the problem has to do with the fact that there is a heavier representation from the service sector than the manufacturing sector in the GMSA.

“I believe that in a country such as ours, service providers in the information technology sector have to be more than merchants.

A businessman with whom this newspaper talked earlier this week spoke eloquently for the numerous ‘bottom-house’ manufacturers who have survived and even grown over the years without succeeding in realizing the level of expansion that would set them on a path to real entrepreneurship.

Refrain Except for the drums being beaten by the administration itself, the budget announced for the 2011 fiscal year is not producing any bacchanal. 

Part TwoPart One of this three-part series was printed in our issue of Friday January 14, 2011 Part 1 in this series of articles on the GCSP and Promoting the Services in Guyana published in last week’s Stabroek Business, (January 14, 2011) gave a broad introduction to the formation of the GCSP, which had its origins in an advisory Task Force established by MOFTIC in 2003 in regard to external trade negotiations for the external sector.

The introduction of the new Starr XFinity Vehicle Video Surveillance System is consistent with Starr Computers policy of applying technology to the resolution of particular challenges facing the Guyanese society, its CEO Mike Mohan said.

– housing boom a major boost, CEO says Fibre Tech Industrial Plastics is aiming to assume a position of leadership across the Caribbean in the manufacture of fabricated countertops, the company’s Chief Executive Officer Somat Ali told Stabroek Business in an interview earlier this week.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 392’s trading results showed consideration of $2,973,537 from 237,248 shares traded in 14 transactions as compared to session 391 which showed consideration of $1,017,509 from 66,961 shares traded in 9 transactions. 

The Business Cartoon

– small businesses urge more tax relief for wage earners Even as private sector officials laud the announcement in last Monday’s budget presentation that government will now effect a long sought after reduction in corporate taxes, small business owners and wage earners in the city have assumed a largely indifferent posture, providing mostly a what’s-in-it-for-us res-ponse to invitations from this newspaper to comment on Finance Minister Ashni Singh’s $161.4 billion budget.

The uncontrolled illegal importation of alcoholic beverages into Guyana continues to have an impact on the sale of similar beverages manufactured by Banks DIH Ltd, though this has not prevented that part of the entity from maintaining its position as the jewel in the crown of the group of companies, a well-placed official told Stabroek Business earlier this week.

The Private Sector Commission (PSC), in what it described as its “initial scoping of the budget impact” issued a press release on Tuesday headlined ‘PSC congratulates Minister of Finance, Government of Guyana on tax reforms’.

Not enough