Business

Trading at Bourda market yesterday
Trading at Bourda market yesterday

Poultry, egg production fall in third quarter of 2010

– beef, pork, mutton, fish output up slightly The latest Commodity Market Update released by the Ministry of Agriculture points to a significant decline in poultry and table eggs production between January and September, compared with the corresponding period last year while beef, mutton and pork recorded increased production over the same periods mentioned.

DDL’s Komal Samaroo and Sandals’ Butch Stewart

Chamber President salutes DDL’s Sandals achievement

– a ‘boost’ for the manufacturing sector President of the Georgetown Chamber of Commerce and Industry Komal Ramnauth has said that the recent agreement between Demerara Distillers Ltd (DDL) and Sandals Resort International under which El Dorado will be the exclusive pouring rum at all Sandals Resorts is an outstanding achievement for the local private sector and for Guyana as a whole.

The new Code of Conduct. Inset is GCCI President Komal  Ramnauth

Business code frowns on use of inducements

– competitive advantage must be earned, not paid for Higher standards of ethical behaviour underpinned by respect for national laws and regulations governing trading practices, improved levels of customer service, a commitment to fair business transactions and the “professional and diligent management” of business enterprises are among the key features of the Code of Conduct promulgated by the George-town Chamber of Commerce and Industry (GCCI) on Tuesday evening.

The yield and the return

Time Horizon An observation was made about the use of the word “yield” in the narrative of the Lucas Stock Index (LSI) and of the importance of not confusing the concept of the yield with the concept of rate of return on investment. 

Clarification

In the wake of the publication of the April 2010 Economist Intelligence Unit Country Report on Guyana, the Stabroek Business published a story based on the contents of the report in its Friday June 25 issue.

New city manuals outline financial procedures

– aggressive debt collection, accountability key to recovery, Burrowes says Work is almost completed on two critical procedural manuals which are expected to provide policy guidelines for financial and administrative controls at City Hall.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 374’s trading results showed consideration of $3,645,558 from 86,908 shares traded in 12 transactions as compared to session 373 which showed consideration of $605,763 from 53,377 shares traded in 8 transactions. 

The East Ruimveldt Market

Managing the markets

A conversation with the Clerk of Markets Schulder Griffith has no illusions about the importance of his job as Clerk of Markets.

The money traders

Normalcy Two decades after the passage of the Dealers in Foreign Currency (Licensing) Act, it is reasonable to inquire of the state of foreign currency trading in Guyana, given the dysfunctional condition of the market before the Act was passed. 

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