Business

Ivor Mitchell The threats to the Guyana economy arising out of the global economic crisis demands that the University of Guyana help in the search for solutions.

-Starr Computers GM Cheaper, more widespread internet access can play a critical role in helping to stimulate the Guyana economy and to create jobs in the country during what is widely expected to be a period of economic recession according to the General Manager of one of the country’s leading Information Technology service providers.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 297’s trading results showed consideration of $1,678,690 from 154,076 shares traded in 7 transactions as compared to session 296 which showed consideration of $2,345,748 from 116,629 shares traded in 13 transactions. 

BOSTON, (Reuters) – Massachusetts’ securities  regulators sued Fairfield Greenwich Group, a major “feeder  fund” for Bernard Madoff’s Ponzi scheme, accusing the hedge  fund of lying to investors and not exercising enough diligence  over investments that were worth billions of dollars.

-bigger 2009 target could be reduced based on market assessment Despite the prevailing global economic crisis and lower output last year, the commitment of the Chinese bauxite company Bosai to setting up a US$1bn alumina plant here remains undiminished and the company’s feasibility study is scheduled for completion in September, according to information reaching Stabroek Business.

Next month’s Summit of the Americas in Port-of-Spain will present the first and, perhaps, the most important opportunity to lay the foundation for a long-term relationship between the Caribbean and the new Obama administration in the United States.

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

Speaking recently in her capacity as the state-appointed Judicial Manager of the embattled CLICO, Ms.

The Roraima Group of Companies is using its most recent acquisition, the Roraima Duke Lodge to stage the country’s first ever “Wedding Expo” and the company’s Chief Executive Officer Captain Gerry Gouveia told Stabroek Business that apart from the role that the event will play in helping to popularize Roraima’s recent multi-million dollar acquisition, its “other major significance” is that it will enable the marketing a of number of small and medium-sized businesses  in the wedding and entertainment sectors.

Providing a viable option for enterprising youthsBy Enid ThomProject CoordinatorMentor Model to Develop Young Entrepreneurs The mentoring model is a youth entrepreneurship development programme adapted by the Guyana Youth Business Trust (GYBT) from the Prince’s Trust in the United Kingdom where the focus of the programme was on  targeting disadvantaged youths and helping them find decent work. 

Stabroek Business takes a look at how business on the street is responding to the economic squeeze The word on the streets, among the currency traders is that “salt ain’t runnin.”

Says downsizing, job losses inevitable Fears of worsening unemployment arising out of “the drying up of export orders from Europe and North America” have triggered a call from the Guyana Manufac-turing and Services Association (GMSA) for government, the banking community and the workers’ representatives to turn their fullest attention to yet another manifestation of a gradually worsening economic crisis, notably, its effects on the productive sector.

News of the recent drying up of overseas markets for local wood products and the serious threat that this development poses to jobs in the sector and to the sector itself ought to have come as no surprise More than enough has already been said about what threatens to be an incremental economic downturn that will impact heavily on the export sector in particular and will have a knock-on effect on employment, consumer liquidity and, by extension, spending and we must begin to come to terms with the very real possibility of changes in the shape of our economy as a whole  by the time the crisis is over.

In order to enhance public understanding of national and global financial issues and institutions and the various ways in which they impact on society, Stabroek Business has asked Hand-in-Hand Group CEO Keith Evelyn to contribute a series of articles on these issues.

By Andre Griffith We examined information technologies and job creation last year (Development of the ICT Sector – In pursuit of Job Creation August 15 2008 and Development of the ICT Sector – in pursuit of sustainable competitive advantage August 22, 2008). 

Investors deeply troubled – Nassau Guardian Even as sections of the local media have had to endure official criticism for what has been labelled irresponsible reporting on the CLICO crisis, the Bahamian newspaper, the Nassau Guardian has been investigating and disclosing details of the number of impaired investments arising out of the collapse of CLICO’s operations in the sister CARICOM country.

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

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 295’s trading results showed consideration of $11,000 from 1,000 shares traded in 1 transaction as compared to session 294 which showed consideration of $1,791,996 from 79,673 shares traded in 15 transactions. 

LOS ANGELES, (Reuters) – Ron Barnard is throwing in  the towel.