Business

Despite what has been represented to this newspaper as “a significant tightening up” of the procedures associated with the processing of tenders for state contracts, sources close to both the National Insurance Scheme and the Guyana Revenue Authority say that there are still cases of service providers who are significantly in arrears in their NIS and GRA payments who attempt to secure compliances.

The embattled local security firm United Associates Security and Domestic Services Inc.

One of the more interesting features of the recent report on the impact of the global economic and financial crisis on the labour market in Latin America and the Caribbean prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO) is its assessment of likely changes in employment patterns arising out of job losses in the formal employment sector.

The Myth The public records say that the situation in Guyana is improving and administration officials toot their own horn with every house lot given out and every acre of rice produced. 

By Gerhard Ramsaroop (reviewed by Brian Persaud – a leading IT engineer) Microsoft Windows is a computer operating system (OS) first introduced in November 1985 and today Windows has approximately 90% of the client computer market share worldwide.

A recent review of the impact of the global economic and financial crisis on labour markets in Latin America and the Caribbean prepared jointly by the Economic Commission for Latin America   and the Caribbean (ECLAC) and the International Labour Organization (ILO) has raised the spectre of a possible increased resort to child labour as a means of shoring up reduced incomes in poor families in the face of the global economic and financial crisis.

– few permanent jobs created Weeks before its scheduled closure, the Linden Economic Advancement Programme (LEAP) is still beset by the criticism that it failed in its objective to create jobs in the seven years of its existence.

OECS countries seek IMF rescue packages despite popular misgivings – BBC Caribbean Report Even as the Caribbean Community (CARICOM) continues to mount a lobby for comprehensive reforms of the post-war Bretton Woods Institutions – the International Monetary Fund (IMF) and the World Bank, more vulnerable member countries of the regional movement are compelled to seek financial support from the Fund  to cushion the continually unfolding effects of the current crisis.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 313’s trading results showed consideration of $2,044,306 from 64,543 shares traded in 8 transactions as compared to session 312 which showed consideration of $143,448 from 14,914 shares traded in 5 transactions. 

– wants affordable electricity for business sector A briefing note prepared by the Private Sector Commission (PSC) and made available to Stabroek Business lists the completion of a Guyana/Brazil road and designation of the Ogle Aerodrome as a municipal airport as key steps towards the realization of the National Development Strategy.

– says legislation, regulations key to stimulating private investment The cementing of ties with the local private sector has been one of signal achievements of relations between Canada and Guyana in recent years, Canadian High Commissioner to Guyana Charles Court told the Stabroek Business in a recent exclusive interview.

(GAPEvine Editorial) The past few months have seen regular comments in the media as regards the proposed Hope relief canal to rid excess water from the Lama conservancy through the sea wall to the Atlantic Ocean.

Newly appointed Vice-Chancellor of the University of Guyana Professor Lawrence Carrington’s address at a recent luncheon hosted by the Guyana Manufacturers and Services Association (GMSA) deserved a far larger audience with a much wider variety of interests than the captains of industry whose interest in how the university and the private sector can better work together will, hopefully, lead to qualitative improvements in the performances of both sides.

Facilitator of Trade Nearly 17 years after the Trade Point programme was launched, Guyana expects to have its first trade point centre in December 2009.

Ottawa keen on hastening of regional integration – Court Canada is keen to see forward movement on the commitment given by Caribbean Community (Caricom) Heads of Government at their recently concluded meeting in Georgetown to strengthen the regional integration process.

(Trinidad Guardian) – A day after Central Bank governor Ewart Williams said T&T is not in a recession, an economist with the University of the West Indies (UWI) has contradicted him and said T&T and the rest of the Caribbean are in a recession.

– food imports should face similar ‘risk assessment inspections’ Suriname is to host the secretariat of a new intra-regional body, which Caribbean Community (Caricom) Heads of Government have agreed to establish to oversee an effective regime of sanitary and phytosanitary (SPS) measures for the region.

Representatives of the University of Guyana (UG) and the private sector are to meet to discuss a proposal mooted by the Guyana Manufacturers and Services Association (GMSA) for the creation of a business school at UG.

Caribbean Heads of Government have outlined a number of trade negotiations issues which are expected to assume “front burner” positions on their economic diplomacy agenda given their importance in supporting the regional response to the current global economic and financial crisis.

(Trinidad Express) – Shareholders of cash-poor CL Financial on Wednesday voted overwhelmingly in favour of the newest plan to rescue the conglomerate and save tens of thousands of insurance policy-holders and depositors.