Business

-weather, poor worker turnout blamed for lower sugar output Bad weather during the first half of 2009, low cane yields and poor worker turnout are among the factors to be blamed for the significant reduction in sugar production during the first seven months of the year but the agri sector has seen a big boost in rice export earnings.

…but manufacturing sector reeling from high costs, reduced market access A survey by the local private sector has revealed that the Guyana economy is holding its own in the current global economic and financial crisis and that businesses outside the manufacturing sector have been minimally impacted, according to President of the Georgetown Chamber of Commerce and Industry, Chandradat Chintamani.

Loosely defined, the term Customer Service describes the process of communication between a person or organization seeking to acquire a service of one sort or another and the individual or organization charged with dispensing that service.

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

-traveller interest up but IMF says revenue could fall by 15 per cent this year Current assessments of the state of the crisis-hit Caribbean tourism industry are sending mixed signals of continued contraction in the short term, on the one hand,  along with indications that in the medium to longer term the industry may now have put the worst of its woes behind it.

Continued inefficiencies in the procedures associated with the Customs clearance of goods imported into Guyana are a serious impediment to the enhancement of the “culture of business in Guyana”, President of the Georgetown Chamber of Commerce and Industry, Chandradat Chintamani told Stabroek Business in an exclusive interview on Wednesday.

Georgetown Chamber of Commerce and Industry (GCCI) President Chandradat Chintamani has told Stabroek Business that the position of the Chamber is that the business sector should help to ease the crisis presently confronting the Georgetown City Council by moving to settle its outstanding rates and taxes obligations.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 319’s trading results showed consideration of $617,059 from 25,509 shares traded in 8 transactions as compared to session 318 which showed consideration of $5,957,616 from 79,890 shares traded in 19 transactions. 

The New Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

Although Linden will continue to have a credit facility that offers small loans, it is anybody’s guess when its operation will restart since the entity expected to manage the new Linden Economic Advancement Fund (LEAF) is yet to be registered and its board members assigned.

Minister of Finance Ashni Singh yesterday turned the sod for the construction of a new multi-million dollar Republic Bank branch located at Public Road, Plantation Great Diamond, East Bank Demerara.

Last week’s forum convened by the Guyana Manufacturing and Services Association on doing business with Brazil in the wake of the opening of the much anticipated Takutu Bridge was illuminating not only because it enabled face-to-face dialogue on the cross-border trade but also for its exposing of the lack of business readiness at the country’s southernmost entrepot.

Republic Bank on Saturday transitioned service from its Anna Regina branch to a spanking new building in keeping with its aim “to be the Bank of Choice in the Region.”

-Guysuco hopes to attract grads The Board of Industrial Training (BIT) and the UNDP are collaborating on a three-year formal training programme in the operation of heavy-duty equipment under a US$6M Enhanced Public Trust, Security and Inclusion Project.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 318’s trading results showed consideration of $5,957,616 from 79,890 shares traded in 19 transactions as compared to session 317 which showed consideration of $1,069,554 from 44,331 shares traded in 12 transactions. 

The Guyana Revenue Authority (GRA)  is urging VAT registrants and businesses to maintain proper books and records  since this is not only a requirement of the VAT law but it also helps in the efficient management of their operations.

Watch out for expired snack foods, drinks The Food Safety Department of the Georgetown Mayor and City Council is  cautioning  parents to verify the expiry dates on the containers of popular snack foods and drinks before making purchases and to resist the temptation to knowingly purchase expired items at reduced prices   to fill children’s lunch kits.