Business

One of Guyana’s longest-serving  furniture manufacturers, A.H.&L Kissoon Ltd. has announced an initiative  aimed at reducing the number of plastic bags generated in the commercial sector in order to help arrest the consequences of irresponsible disposal.

Says local industries must enhance competitiveness to win Brazilian markets Warns of greater security challenges ahead This week’s  commissioning of the Takutu Bridge formalizing a road link between Guyana and Brazil underscores both the opportunities and the challenges that Guyana will face in pursuit of the strengthening of ties with its southern neighbour, President of the Georgetown Chamber of Commerce and Industry Chandradat Chintamani told Stabroek Business in an interview earlier   this week.

– earnings reached more than $42 billion last year If the continual upward trend in gold production evidenced over the past two years persists, production for 2009 could come close to 300,000 ounces for the first time since 2004.

Private education is one of the fastest growing sectors in Guyana economy.

By Rawle LucasRawle Lucas is a Guyanese-born Certified Public Accountant and Assistant Vice-President of the Lending Services Division.

Good security critical to investment, business climate – ADM Fusion President Countries seeking to attract overseas investment and to ensure the growth and development of their domestic business communities have little option but to factor reliable security arrangements into their business planning, the head of one of New Jersey’s leading electronic security firms told Stabroek Business recently.

“We need to determine the real problems associated with access to finance,” EMPRETEC Managing Director Judy Semple-Joseph Urban small business operators will have an opportunity to interface with commercial banks and other lending institutions at a September 30 forum organized by EMPRETEC (Guyana) to discuss issues relating to access to capital for small and medium-sized business investment.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 321’s trading results showed consideration of $1,191,556 from 122,500 shares traded in 11 transactions as compared to session 320 which showed consideration of $1,338,942 from 33,906 shares traded in 15 transactions. 

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

…but final touches being held up by City Council cash woes More than four months after the May scheduled opening of the new Water Street Vendors Arcade neither the Georgetown City Council nor the occupants of the ‘new look’ facility can say with any degree of certainty when the formal ribbon-cutting ceremony will take place.

More than $500m needed for creation of fundMore than three years after the establishment of the Guyana Small Business Council (GSBC) under the Small Business Act of 2004, the Council is yet to accomplish even a small measure of the functions for which it was set up and which are regarded as crucial to the charting of a course for the country’s small business sector.

Constraints to the growth of Guyana’s art and craft industry  have, over the years, included lack of access to funding for capacity building, scarcity of raw materials and weak and largely ineffective international marketing.

Decline in Dollar Reports emanating from the global financial circles on Wednesday September 9, 2009 revealed that the value of the US dollar had fallen against the currencies of its major economic partners. 

Brian Persaud, IT Engineer – itbrian@gmail.ccom Gerhard Ramsaroop, Manager, GuyanaNet – gerhard.ramsaroop@gmail.ccom

-looking to expand to city With $20,000 and a strong determination to become self-employed, a clothing and accessory designer earned himself the nickname ‘travelling salesman’ – and learnt that success is achievable through focus.

How to optimize production and productivity through the enhancement of human resource capacity is arguably the most compelling preoccupation of the vocational education curriculum in Guyana.

Funding, training, marketing key agenda items Local art and craft producers are upbeat about the prospects for the outcome of the September 18 national art and craft ‘summit’ where they plan to mount a lobby for a significantly increased   measure of both public and private sector support for the industry.

-some wary of gov’t role in successor body Linden entrepreneurs say they have been set back by the halt in Linden Economic Advancement Fund (LEAF) disbursements and there is also concern that the government’s lead role in the successor body will work against free enterprise.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 320’s trading results showed consideration of $1,338,942 from 33,906 shares traded in 15 transactions as compared to session 319 which showed consideration of $617,059 from 25,509 shares traded in 8 transactions.