Business

Even the least accomplished students of our nation’s history have a sense of the significance of sugar to the Guyanese society.

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

By Rajendra Rampersaud The current financial crisis in the US that quickly spread to other parts of the world has brought the debate on the polemics of financial liberalization to the fore.

`We have lost confidence in the system’ In the wake of the so far futile search for the missing United States-registered aircraft which disappeared in the interior of Guyana two weeks ago, Chairman of the Private Sector Commission (PSC)  Captain Gerry Gouveia has told Stabroek Business that the Commission will be seeking to engage President Bharrat Jagdeo on the setting up of a multi-faceted national disaster and emergency response facility.

Traders in Trinidad and Tobago hoping to meet the twin-island’s demand for fresh fruits and vegetables through imports from Guyana are encountering prices that are not competitive on the domestic market according to a report in the Daily Express.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 277’s trading results showed consideration of $5,717,168 from 43,445 shares traded in 12 transactions as compared to session 276 which showed consideration of $1,195,283 from 52,000 shares traded in 4 transactions. 

Gold could fare better The dependence of key Guyana exports including sugar, rice, bauxite, gold and wood products on “a few traditional markets in Europe and North America” has created a “trade vulnerability” that could adversely affect the Guyana goods sector in the light of the global financial crisis,” says Caricom Secretariat Economic Adviser Dr.

Guyana must shift to mercury-free gold mining Guyana’s gold mining sector could find it difficult to maintain its current levels of production unless the industry pursues mercury-free options in the wake of the decisions by the European Community and the United States to ban mercury exports according to a report released by the secretariat of the World Wildlife Fund (WWF) recently.

Last week, in a presentation at a Georgetown Chamber of Commerce and Industry (GCCI) forum that spared no one’s feelings, Guyanese economist Dr, Maurice Odle spelt out in rather graphic terms some of the likely implications for the Guyana economy of the current and seemingly worsening global financial crisis.

The Guyana Citrus Project – A Citrus Nursery Agribusiness Opportunity – A Stabroek Business Column dedicated to the ventilation of ideas pertaining to the current global food crisis and the response by Guyana and the Caribbean The Guyana Citrus Project business plan requires a total of one million virus free citrus plants to satisfy the minimum 5000hectares of citrus orchards proposed for the Upper Berbice / Upper Demerara sub-regions. 

As concerns over the depletion of global environmental resources heighten, the harvesting practices of the local logging industry are coming under increasing scrutiny.

Government must move to lift the level of its foreign exchange reserves above the current level of about three months cover if it is to cope more effectively with ‘shocks’ like the current global financial crisis, according to Guyanese economist Dr.

Some East Coast mini-bus operators are less than pleased over the recent fare reduction order by the Ministry of Commerce arising out of the recent reduction in fuel prices and in accordance with the agreement reached between their Association and the ministry.

          GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 276’s trading results showed consideration of $1,195,283 from 52,000 shares traded in 4 transactions as compared to session 275 which showed consideration of $5,908,598 from 84,122 shares traded in 15 transactions.

Guyana’s top ten exports to Canada have enjoyed mixed fortunes over the past five years according to information contained in a paper presented by a Canadian trade consultant at a recent seminar on Guyana/ Canada Trade Relations held in George-town.

Marketing VP says project management culture can help local businesses The Trinidad and Tobago-based Southern Caribbean Chapter of the United States- based Project Management Institute will today launch its first regional committee in Georgetown and the Chapter’s Vice President responsible for marketing Owen Field has said that with the launch of the Guyana Committee, Guyana will become part of a global organization that is equipped to develop expertise in a discipline that is critical to the development of both the public and private sectors.

The Georgetown Chamber of Commerce and Industry (GCCI) has been uncharacteristically  busy over the past few weeks engaging, first, the banking sector and, subsequently, the Customs and Trade Administration (CTA), both of which play critical roles in the life of the urban business community.

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

By Andre Griffith Having been distracted by other pursuits over the last few weeks, I have been unable to keep as current as I would have liked with some of the more pressing issues of the day.