Business

 A mining site in Guyana
A mining site in Guyana

Green gold can bring bonanza to Guyana

An experimental gold-mining project in Choco, Colombia, designed to integrate the economic demands of the local communities with the imperative of environmental protection could be emulated in Guyana if agreement can be secured amongst the principal stakeholders in the gold-mining sector.

Hosting Carifesta X

An article written by one of the contributors to a special Carifesta issue of the Guyana Review – which will be published a few days before the start of the event – makes the point that Guyana’s prevailing social, economic and political difficulties ought not to preclude us from being good hosts to what the celebrated Barbadian novelist George Lamming described recently as “one of the most profoundly political events this region continues to celebrate.”

Protecting poor from rising food prices must be top priority -IICA

The protection of the most vulnerable sections of society from the impact of continually rising food prices and the increase in domestic food production to satisfy demand ought to be one of the “top priorities” on the agendas of governments in Latin America and the Caribbean, according to a paper released by the Inter-American Institute for Co-operation on Agriculture (IICA).

The City Mall yesterday

No spending spree anticipated by visitors for Carifesta X

aWhile the hundreds of visitors expected to be in Guyana for the August 22-30 Carifesta X will provide welcome patronage for the struggling urban hotel sector, businesses in the capital’s commercial centre are not anticipating that the week of cultural activity involving local, regional and international  artistes will be marked by a spending spree. 

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Stock market updates

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. 

Mark Linehan

Telecoms liberalization involves difficult choices -ATN Chairman

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.”

GT&T’s ‘Telephone House’

Study cites telecoms reliability as challenge to outsourcing growth

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.

Preparing to compete

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

Auditors cite loan transgressions in CCWU Credit Union

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.

Stock market updates

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 new Republic Bank building

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.

Head of the Privatization

Privatization forum

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.

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