Business

FOOD FOCUS – A Stabroek Business Column dedicated to the ventilation of ideas pertaining to the current global food crisis and the response by Guyana and the CaribbeanRowland Fletcher – Agronomist The Guyana Citrus Project – Rationale for a citrus-based agro-industrial investment by the Trinidad &Tobago Citrus Growers Association.

`You only need to look at our almost empty hotels and resorts’ President of the Tourism and Hospitality Association of Guyana (THAG) Renata Chuck-A- Sang has told Stabroek Business that a point has been reached where the stakeholders in the country’s tourism sector need to face the realities of the weaknesses of the industry in Guyana if the necessary remedial measures are to be put in place.

          GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 273’s trading results showed consideration of $333,308 from 29,242 shares traded in 8 transactions as compared to session 272 which showed consideration of $4,135,420 from 94,158 shares traded in 14 transactions. 

-businessman The commitment given by Georgetown Chamber President, Chandradat Chintamani that collaboration between the Chamber and the Customs and Trade Administration should reduce the length of the clearance period for goods arriving at ports for Christmas will only be realized if inspection mechanisms are put in place to “directly oversee the operational side of customs clearance,” a city businessman has told Stabroek Business.

Even as local remittance services continue to project a reduction in the flow of overseas remittances to Guyana as a consequence of the current downturn in the United States economy, the Inter-American Development Bank (IDB) has produced a report which suggests that the impact of remittances on the economies of Latin America and the Caribbean could decline to its lowest levels in a decade.

During the period immediately following the disclosure of the alleged Fidelity/Customs fraud both the President and the Commissioner General of the Guyana Revenue Authority conceded that the Customs Department was no stranger to corrupt practices.

By Andre Griffith Failure and perceptions of failure are the norm rather than the exception in information systems implementations. 

Implications for the Caribbean Region of  the Current Financial Crisis in the USA Presentation made by Dr Maurice Odle, Economic Adviser to the Secretary-General of CARICOM at a Staff Seminar on Thursday, 18 September 2008, at Turkeyen, East Coast Demerara.

Officials in private hearings with Commissioners A pall of uncertainty continues to hang over the administration of the Georgetown City Council as a Commission of Enquiry triggered by a report by the Office of the Auditor General into aspects of the financial management of the City Treasury unfolds.

Forum to include specialist lectures on project management The Guyana Committee of the Southern Chapter of the United States-based Project Management Institute (PMI SCC) will host a project management seminar in Georgetown on October 31 which, local Committee Chairman Oswald Dey says will provide significant impetus to the professionalisation of project management in Guyana.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 272’s trading results showed consideration of $4,135,420 from 94,158 shares traded in 14 transactions as compared to session 271 which showed consideration of $1,131,421 from 103,000 shares traded in 9 transactions. 

-GCCI President President of the Georgetown Chamber of Commerce and Industry (GCCI) Chandradat Chintamani has told Stabroek Business that the Chamber would give serious consideration to the creation of a Credit Bureau to support the financing of small business development if government grants it the necessary permission.

Says further reduction will come before year end General Manager of the National Milling Company (NAMILCO) Bert Sukhai has told Stabroek Business that contrary to the impression created by the recent spat between the company and government over flour prices there has, in fact, been no increase in the price of the commodity since May this year.

Commerce Minister Manniram Prashad appears to be going a different route to the Prime Minister in seeking to bring the scourge of metal theft that is inextricably tied to the scrap industry under control.

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

Two senior officials of the Caribbean Citrus Growers Association (CCGA), a Trinidad and Tobago-based company, have been meeting with local officials and visiting areas of Tacama in the interior savannahs as the Association prepares to pump around US$25m into the creation of the largest ever citrus-growing operation in Guyana, CCGA President Felix Clarke told Stabroek Business that the  Association is awaiting the ‘green light’ from government over the acquisition of 5,000 acres of land in the Tacama savannahs for the citrus project.

The local remittance sector is bracing itself for what could be “a hard knock” arising out of the  unfolding crisis in the United States economy and the slowdown in the remittance rate to Guyana could begin to impact significantly in as little as two weeks time, according to President of the Georgetown Chamber of Commerce Chandradat Chintamani.

Presentation made by Dr Maurice Odle, Economic Adviser to the Secretary-General of CARICOM at a Staff Seminar on Thursday, 18 September 2008, at Turkeyen, East Coast Demerara.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 271’s trading results showed consideration of $1,131,421 from 103,000 shares traded in 9 transactions as compared to session 270 which showed consideration of $8,576,098 from 320,404 shares traded in 13 transactions.