Business

By Andre Griffith The primary business pursuit of Internet Cafés is facilitating international voice calling, in order to do which the cafés utilise Internet connections from a number of providers who provide international connectivity. 

PSC Chairman lashes out at reckless garbage disposal in city Chairman of the Private Sector Commission (PSC) Captain Gerry Gouveia has lashed out at what he described as the “reckless and indiscriminate garbage disposal culture” among some of the city’s commercial houses.

PSC also anticipating early end to telecoms liberalization talks The prevailing tax regime in Guyana continues to be a major disincentive to the continued growth of the private sector and public/private sector engagements on tax reform will be at the very top of the PSC’s agenda in 2009 according to Commission Chairman Captain Gerry Gouveia.

The local operations of MACORP at Providence on the East Coast Demerara have “chipped” in to support the current flood alleviation effort with a loan of five 320DL Caterpillar excavators to some of the agencies that are part of the national response to the present flooding occasioned by heavy seasonal rains.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 282’s trading results showed consideration of $117,700 from 12,000 shares traded in 3 transactions as compared to session 281 which showed consideration of $173,825 from 17,000 shares traded in 6 transactions.

Stores optimistic The persistent rains that deluged Georgetown for much of this week did little to suppress evidence that the traditional Christmas retail trading had begun in earnest despite earlier predictions of restrained spending resulting from an anticipated reduced flow of remittances to Guyana.

Cost of living ease to stay through Christmas The Bounty Supermarket chain is to be expanded further next year with the setting up a fifth outlet on the East Coast Demerara, according to Water Street Branch Manager Gregory Camacho.

Here we go again! The latest word on the report regarding the alleged Fidelity/Customs fraud is that the investigation is now finished and that, as of last Friday, the report has been completed and awaiting the scrutiny of the President.

By Rawle Lucas Daily Staple Even with a century of exporting rice under its belt, Guyana appears apprehensive about the long-term future of its rice industry and the export prospects that could face rice producers. 

By Andre Griffith The year was 1993, I was a first year engineering intern at a small company that produced digital signal processing based products for industrial customers. 

– Bounty One of the country’s leading poultry suppliers is offering assurances that its current stocks of chicken are “more than adequate” for the Christmas period and beyond.

– Court Canada’s High Commissioner to Guyana, Charles Court has said that the conclusion of a bilateral trade agreement between Canada and the Caribbean Community  (CARICOM) will afford regional consumers lower prices and improved choices while expanding opportunities for exporters of goods and services through the elimination or reduction of tariff barriers and the liberalization of the services sectors.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 281’s trading results showed consideration of $173,825 from 17,000 shares traded in 6 transactions as compared to session 280 which showed consideration of $258,500 from 15,500 shares traded in 5 transactions. 

$3bn earnings shortfall projected for 2008 A major management shake-up at the Guyana Sugar Corporation (GUYSUCO) could be on the cards as government battles to arrest the continual decline in the performance of the sugar industry.

Differences of opinion appear to be surfacing between the Guyana Gold and Diamond Miners Association (GGDMA) and the World Wildlife Fund (WWF) over the role of mercury in the mining sector as the local secretariat of the international conservation agency seeks to throw its weight behind global initiatives to ban the use of mercury in the mining sector.

Telecommunications tango? Last week, the Commissioner-General of the Guyana Revenue Authority fired a shot across the bows of Internet Cafes providing overseas telephone services by publicly stating that the operators were evading taxes and, by extension, denying the public treasury considerable sums of revenue.

Jackie Hamer is a huge fan of Christmas; and she believes the few things truly symbolize the spirit of the season ;like good, old-fashioned Black Cake.

– Neal & Massy CEO calls for more spending on apprenticeships, post-secondary education Chief Executive Officer of the Neal and Massy Group of Companies in Guyana Deo Persaud has called for increased spending on apprenticeship and post-secondary education to mitigate the effects of what he says is a serious shortage of skilled labour in Guyana.