Business

GT&T lost US$2M in eight months – Chief Financial Officer The Guyana Telephone and Telegraph Company (GT&T) is cautioning both its  cellular service vendors and members of the public to steer clear of what it says is a costly and potentially dangerous racket that employs multiple cellular SIM cards to facilitate rogue telephone ‘services’ that bypass the company’s network.

Deputy Mayor Robert Williams believes that citizens would be far more appreciative of the municipality’s shortcomings if they were more aware of its challenges Deputy Mayor of the embattled Georgetown City Council Robert Williams says he would be the first to concede that the municipality is not without its shortcomings.

This newspaper has been briefed by the  Guyana Telephone and Telegraph Company (GT&T) about a disturbing racket in which bogus telephone service providers are employing multiple cellular services to receive overseas calls and route  them to local numbers, bypassing the company’s own licensed network and, in effect,  running  private  ‘services’ at GT&T’s expense.

Amidst the good news about the first quarter performance of the economy, there are still concerns that are likely to dissuade potential investors and entrepreneurs from proceeding with haste to invest in Guyana.  

By Brian Persaud, and Gerhard Ramsaroop A growing number of Guyanese are now enjoying the freedom and convenience of access to wireless networks,  more commonly known as Wi-Fi. 

New entity to inherit predecessor’s assets, sustain support for its projects Stabroek Business has secured information setting out the organizational outline, management structure and key objectives of a new body that is to replace the Linden Economic Advancement Programme (LEAP) and lend continuity to providing technical and financial support to strengthening the base of the fragile private sector in one of the country’s key administrative regions.

A collaborative initiative between the University of Guyana and the Private Sector Commission (PSC) designed to better position the University to contribute to enhancing the human resource and technical capacities of the local corporate community could see the introduction of a new three-year degree programme in Agri Business at Turkeyen as early as the 2010/2011 academic year according to a senior PSC official who is one of the prime movers behind the collaborative effort.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 315’s trading results showed consideration of $949,070 from 32,600 shares traded in 8 transactions as compared to session 314 which showed consideration of $1,078,715 from 29,107 shares traded in 14 transactions. 

Buoyed by its new international standards accolade the National Milling Company (NAMILCO) is seeking to further enhance its reputation as a local manufacturer by focussing both on the qualitative enhancement of its products to address consumer health considerations as well as on the increase of its growing regional market share.

Aggressive promotions, `value for money’ driving marketing – Alvis Sustained and aggressive promotions and a “value for money policy” have helped Courts (Guyana) Inc.

Georgetown is once again experiencing one of those periods during which we appear to be  overwhelmed by a profusion of garbage just about everywhere and the fact that this has been hardly cause for public comment says a lot about just  how ‘comfortable’ we all appear to have become in our condition of squalor This has been a recurring theme of editorials in this newspaper but even at the risk of being repetitive we believe that the state of the capital has become nothing short of a scandal and that until there is a genuine and sustained effort to remedy the problem the issue  cannot be allowed to disappear from public view.

Wilderness Explorers recently received the Honourable Mention Prize for its contribution to the local tourism industry in this year’s Pioneers of Prosperity Programme and customer service has been seen as one of the keys.

Under Attack Sometime soon the members of the Caribbean Community and Common Market (CARICOM) will commence talks in earnest with Canada on the establishment of a Free Trade Agreement to govern trade and economic relations between the two sides. 

Initiatives by the International Monetary Fund (IMF) to shore up its unwholesome reputation with developing countries appear to have restored some measure of belief in the much-maligned  Bretton Woods lending institution among some developing countries including Caricom members.

The Youth Business Trust (YBT) of Guyana through the NEX Links Project is training 35 local and Caricom entrepreneurs in business lab methodology, utilizing the expertise of two Israeli entities.

The Guyana Geology and Mines Commission (GGMC) today celebrates the 30th anniversary of its establishment against the backdrop of myriad challenges associated with the administration of an industry which, over the years,  has assumed growing significance in the Guyana economy.

-successor entity still a mystery By Cathy Richards Stakeholders in Linden are concerned that there are still no clear indications about the make-up of the successor programme in-tended to manage the soon-to-be-defunct LEAP.

A Guyanese businessman with a social conscience is setting an example that has won him plaudits in his own community while contributing significantly to easing one of the capital’s most enduring problems, that of garbage collection and disposal.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 314’s trading results showed consideration of $1,078,715 from 29,107 shares traded in 14 transactions as compared to session 313 which showed consideration of $2,044,306 from 64,543 shares traded in 8 transactions.