Business

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 264’s trading results showed consideration of $1,314,985 from 40,391 shares traded in 8 transactions as compared to session 263 which showed consideration of $2,119,837 from 70,327 shares traded in 8  transactions. 

Disagrees with DIGICEL’s Linehan on pace of discussions Atlantic Tele Network Chairman Cornelius Prior (jr) has told Stabroek Business that the pace of the current telecommunications liberalization talks between GT&T and the Government of Guyana is being dictated by the complexity of the issues under discussion and that he does not share the view expressed two weeks ago by former Chief Executive Officer of DIGICEL’s Guyana operations, Mark Linehan that the talks are moving “too slowly.”

A recent study designed to fast track and implement plans for the development of the country’s Outsourcing Sector has concluded that “the cost and reliability of telecommunications in Guyana have impacted negatively on the development of the outsourcing industry”, The study which was completed in May by the international consultancy firm Accenture, also says that the growth and development of the sector will depend on “further government action” to address other problems including infrastructure, people, skills and the investment environment.

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

By Andre Griffith Some years ago I attempted to ‘sell’ a senior executive the idea of adopting “thin client computing,” He was not keen on the idea. 

Report says facility appeared to be insolvent at the end of 2006 The 2006 audit report on the accounts of the Clerical and Commercial Workers Coopera-tive Credit Union has cited  transgressions of accounting procedures, apparent irregularities and imprudent  management of the facility and questioned whether its 2006 financial statements represent “a true and fair picture” of its financial affairs.

The local operations of Trinidad Cement Ltd. (TCL) has launched an initiative designed to educate local builders and home-owners on the quality of TGI cement and on best practices in the use of cement.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 263’s trading results showed consideration of $2,119,837 from 70,327 shares traded in 8 transactions as compared to session 262 which showed consideration of $2,892,928 from 99,840 shares traded in 11 transactions. 

The eventual completion – albeit after a few extended deadlines – of Republic Bank’s new and imposing edifice at the corner of Camp and Robb streets brings to an end a protracted period of traffic congestion,  and inconvenience to pedestrians.

Over the years one of the most admired features of the US economy is the ability of its citizen to acquire and purchase their own homes.

Private sector disappointed at lack of ‘real discourse’ The Private Sector Commission says it is disappointed over the “lack of any real discourse between the state and the business sectors” during last Tuesday’s high-level seminar on Guyana’s Privatization and Taxation Policies and Practices.

Says new super centre wants to make food more affordable The Grenadian partner in the new multi-million dollar Regent and Albert streets supermarket has told Stabroek Business that bureaucracy and’ may be slowing down the pace of effective implementation of the Caribbean Single Market (CSM).

Last Tuesday’s forum on Guyana’s Privatization and Taxation Policies organized by the Privatization Unit in collaboration with the Guyana Office for Investment and the Guyana Revenue Authority was intended to enable discourse between the state agencies responsible for taxation, investment and privatization and particularly – though not exclusively – the private sector.

By Andre Griffith We continue our look at assessing the performance of your information technology assets by examining some of the measures you can take to enhance the performance based on the three basic metrics outlined last week that is availability and reliability and response time. 

Stabroek Business has been reliably informed that the two trade unions credited with setting up the single largest business operation in the history of the labour movement in Guyana are contemplating legal action against the company for alleged breaches of the agreement between the two parties.

The newly established Mark Benschop Centre is seeking, among other things, to “empower and equip” ordinary Guyanese who are seeking to find their way in the local entrepreneurial environment, according to the Centre’s Director Mark Benschop.

Absence of Bon Fim Customs service, deteriorating road could undermine trade An estimated US$500,000 worth of goods is purchased by Brazilians at Lethem every month and taken across the border according to a report on the Guyana-Brazil Economic Interaction prepared by the Rupununi Chamber of Commerce and Industry.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 262’s trading results showed consideration of $2,892,928 from 99,840 shares traded in 11 transactions as compared to session 261 which showed consideration of $252,823 from 20,597 shares traded in 6   transactions.