Business

Faced with a decline in commercial bank loans to the agriculture sector, the Agricul-ture Ministry is developing a “market-based area-yield index insurance scheme” for the rice sector.

As is currently the case in Guyana, record gold prices have reportedly swelled the ranks of small-scale gold mining operations in neighbouring Suriname, bringing them under increasing official scrutiny over allegations that the current ‘gold rush’ is cutting a swathe through the former Dutch colony’s tropical rainforest.

Tough Choices After five years of double-digit increases in borrowing, Guyanese households may have lost their appetite for borrowing to spend on themselves and their homes. 

Guyana’s agro-processing exports have suffered a decline in value as a result of plummeting international commodity prices over the past two years.

Despite a periodic shortage of chicken on the local market, Guyana’s poultry industry has recorded significant growth over the past five years, according to Ministry of Agriculture statistics.

The cover gives an appearance of a coffee table magazine, probably chockfull of photographs and text for light reading, the inside pages don’t disappoint, and this was among the reasons that Demerara Distillers’ Ltd.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 371’s trading results showed consideration of $26,784,580 from 1,739,858 shares traded in 14 transactions as compared to session 370 which showed consideration of $2,675,200 from 186,334 shares traded in 13 transactions. 

Little if any public attention has been paid to the significance of the new US$60m submarine telecommunications cable for relations between the two South American Republics that share the cable and what this might mean for the bettering of a bilateral relationship which, over the years, has been blighted by a bitter controversy over borders.

Substandard shoes a major issue with parents A steady stream of seasonal school supplies shopping which retailers say has persisted throughout the July/August holiday period will enter its final phase this weekend as parents prepare for their children’s return to school in just over a week.

– making significant inroads locally If Warren Douglas gets his way Guyana could be exporting a range of high-quality, fruit-based table wines to the rest of the Caribbean in less than a year.

The Business Editorial The advent of IMPACT under retired Commissioner of Police Laurie Lewis was the first in a succession of relatively recent special policing initiatives designed to arrest the scourge of urban crime.

By Rawle Lucas Lofty Position If developing countries are likened to children, China has now reached the age of adulthood. 

-to roll out new small business IT solutions centre A local information technology (IT) service provider is preparing to launch a small business development centre to train and equip emerging entrepreneurs to apply performance-enhancing IT systems in the day-to-day running of their business operations.

By her own admission Melissa Piggott has ambitions that far exceed her first venture into business since re-migrating to Guyana seven months ago.

Golding administration imposes freeze A significant reduction in the volume of tax waivers and incentives allocated to the business community is one of the moves being made by Jamaica in order to reduce its spiraling budget deficit and to jumpstart the country’s ailing economy.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 370’s trading results showed consideration of $2,675,200 from 186,334 shares traded in 13 transactions as compared to session 369 which showed consideration of $120,000 from 10,000 shares traded in 2 transactions. 

Says ‘big stick’ bill should not be used to label people in Sophia The theft of electricity from the Guyana Power and Light Company (GPL) which is costing the company “untold millions of dollars” has been sustained by a web of corruption within the power company itself which, a GPL source has told Stabroek Business, “sometimes   involves persons operating in influential positions within the company.”