Business

(Prepared by the Guyana marketing Corporation and published by Stabroek News Business as a public service)

– Caribbean flights could be landing at Ogle by year-end Last Wednesday, at around 07:35 hrs, a Cessna Caravan aircraft with about half a dozen passengers on board landed quietly at Ogle International Airport.

Outcomes often ‘distorted, damaging to business, investment climate’ World Bank delegations visiting Guyana to undertake surveys of the Guyana economy to be used in the compilation of widely circulated reports are neglectful of the need to consult with the private sector, according to Chairman of the Private Sector Commission (PSC) Captain Gerry Gouveia.

Much of the white collar crime that occurs in Guyana involves the stealing of public funds by public officials.

Renewable energy It is a hope that animates many a scientist, consumer and politician. 

In week three of April, the Lucas Stock Index (LSI) fell 1.3 percent. 

– outgoing PSC Chairman Outgoing Chairman of the Private Sector Commission (PSC) Captain Gerry Gouveia is advocating that government invest between $2 million and $4 million annually in an aggressive marketing initiative aimed at “selling Guyana” to the international community.

Shields claims pro-Amerindian discrimination; Not so, says Woolford The Guyana Geology and Mines Commission (GGMC) and the Guyana Gold and Diamond Miners Association (GGDMA) have clashed over differences of opinion regarding the enforcement of laws and regulations in the country’s mining sector.

– failure to pay employees contributions must be made health and safety issue, NIS official says A senior official of the National Insurance Scheme (NIS) has told this newspaper that neither government officials nor trade union leaders can make any serious claim to being concerned about health and safety issues that impact on workers either on or off the job unless they demonstrate a preparedness to put greater pressure on private sector employees to improve their tardiness in the payment of worker NIS contributions.

(Trinidad Guardian) – Two weeks after Central Bank Governor Ewart Williams said the financial indicators were giving a mixed picture of the economy, Minister in the Ministry of Finance, Mariano Browne, has said there is nothing to be worried about.

(Jamaica Observer) – Increased tourism and remittance flows from the US are key to the recovery of Caribbean economies in 2011, stated Jim Flaherty, minister of finance for Canada in an International Monetary Fund (IMF) address.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 353’s trading results showed consideration of $24,092,916 from 330,698 shares traded in 15 transactions as compared to session 352 which showed consideration of $5,471,344 from 207,054 shares traded in 17 transactions. 

– 2009 Annual Report – total deposits up to $214.4 billion The Guyana Bank for Trade and Industry (GBTI) is gearing itself to seek out further  lending opportunities in what Board Chairman Robin Stoby has described as a “very competitive” commercial banking sector against the backdrop of what he says is the bank’s continued optimism about the future of the Guyana economy.

The local chapter of EMPRETEC, an initiative designed by the United Nations Conference on Trade and Development (UNCTAD) to pursue poverty reduction in developing countries by providing various specialized forms of support to small and medium-sized enterprises, is currently basking in the glow of successive years of international recognition arising out accolades bestowed upon two ‘EMPRETECOS’, the title given to inductees in EMPRETEC’s orientation and training programmes.

Business Editorial Towards the end of last year a determined Guyanese businesswoman who rose to a position of more than modest success in the local freight forwarding industry was named among the ten top performers in the UNCTAD/EMPRETEC Women in Business Award for female entrepreneurs in developing countries.

Jacquelyn Hamer is a retired Guyanese diplomat and a Director of the skills training organization Visions of Excellence.

In an effort to add value to the Stabroek Business we have agreed to publish on trial basis – in the first instance – The Local Stock Index (LSI) which our columist Mr Rawle Lucas has agreed to prepare on a weekly basis.

Dominica seeks to benefit from destination wedding and honeymoon market ROSEAU, Dominica — The government of Dominica through the Ministry of Tourism, the Discover Dominica Authority and the Ministry of Social Services, Community Development and Gender Affairs is seeking to position the country to take advantage of the new niche destination wedding and honeymoon market.