Business

– to help businesses comply with obligations to City Hall Local private sector organisations should consider a review of their membership rules to allow businesses to be subjected to due diligence aimed at verifying their compliance with the timely payment of taxes and NIS, Chairman of the Commission of Enquiry into the operations of the Mayor and City Council Keith Burrowes told Stabroek Business in an interview earlier this week.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 352’s trading results showed consideration of $5,471,344 from 207,054 shares traded in 17 transactions as compared to session 351 which showed consideration of $5,680,098 from 274,577 shares traded in 9 transactions. 

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

Fresh from a sobering enquiry into the operations of City Hall, the Georgetown municipality has used its 2010 budget to signal an intended shift in its management style that promises to include a re-evaluation of its ‘business dealings’ with private contractors recruited to support the delivery of some of its core services to the capital and its environs.

Local shippers also report reduced container arrivals Reduced spending power among Latin American and Caribbean nationals residing in the  diaspora resulted in a 6.8 per cent drop in the shipping of containerized goods into the region in 2009 compared with the previous year, according to a ranking scale released recently by the Economic Commission for Latin America and the Caribbean.

Guyana’s Second Annual Wedding Expo opens this evening at the Roraima Duke Lodge in Kingston with the organizers of the event confidently predicting that visitors to the three-day event will exceed the 5,000 patrons who attended last year’s inaugural showcase of wedding apparel, accessories and services.

Come April 23 a Guyanese businesswoman with a passion for hard work and a seeming limitless determination to succeed will leave Guyana for Switzerland hopeful of receiving an accolade that will lend local and international recognition to her own business enterprise while serving as a source of inspiration for the many Guyanese women who continue to strive to emulate her entrepreneurial success.

We in Guyana ought not to be comforted by the fact that fraud and corruption in public institutions is by no means unique to us.

Balance in Performance In a year when the economy reportedly grew by 2.6 percent, many private businesses seemed to have lost value. 

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

Says 95 per cent of all detected frauds in Guyana go unpunished The creation of an environment that encourages the free functioning of an unhindered, un-intimidated, freely functioning audit department that is accepted by both board and management is critical to the creation of an environment which is conducive to the prevention and detection of fraud, President of the Guyana Manu-facturers & Services Association (GMSA) Ramesh Dookhoo told accounting and auditing professionals attending a Thurs-day, April 8, one-day seminar on Fraud Prevention, Detection and Investigation organized by the Institute of Internal Auditors.

Two enterprising Guyanese twenty-one year-old “disciples of information technology” have created a local website which, apart from marking their entry into the world of business seeks to create social links between and among patrons and to serve as a medium for the local, regional and international promotion of Guyanese goods and services.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 351’s trading results showed consideration of $5,680,098 from 274,577 shares traded in 9 transactions as compared to session 350 which showed consideration of $1,292,433 from 119,400 shares traded in 12 transactions. 

Says fraud accounts for half of $US1.5 trillion Third World debt Acts of fraud and corrupt practices in poor countries account for half of the current debt of more than US$1.5 trillion according to information compiled in a recent paper prepared by an internationally renowned internal auditor.

The March 31 unveiling of the Georgetown municipality’s $3.5 billion budget presents City Hall with the first real test of the degree of its responsiveness to the recommendations made in last year’s damning report by a Commission of Enquiry into the operations of City Council.

Business Editorial Those of us who are startled over the revelation in a recent UNICEF study that child sex abuse may have become a virtual sub-sector of the wider tourism industry in some Caribbean territories are victims of a belated recognition of a practice which may well have been in vogue” for several years.

By Nirmala Harrylal “Given the current economic slumber it has never been more crucial for Caribbean organizations to be creative and innovative in what they do and how they do it.” 

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