Business

Flour subsidy could be undermined by profiteers

Government’s move to subsidize the increase in the price of locally produced flour announced by the National Milling Company (NAMILCO) earlier this week may not be sufficient to forestall some attempts to increase the price of flour-based products according to a well-placed business sector source.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 252’s trading results showed consideration of $6,832,388 from 560,154 shares traded in 26 transactions as compared to session 251 which showed consideration of $1,634,900 from 60,118 shares traded in 15 transactions.

Stock market updates

GASCI Summary of Financials Session 252 May 7, 2008  Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

Region 10 farmers may have to make way for port facility

-concerned over delay in granting leases More than thirty farmers in the Dallawalla area of Region Ten may have give up sections of their farms along a two-mile stretch of arable agricultural land adjacent to the Demerara River to make way for what an official of the Region Ten Farmers Association has told Stabroek Business is a move to construct port facilities along the river front. 

L Seepersaud Maraj & Sons grappling with gold prices, rising cost of living to sustain Guyana’s jewellery tradition

These are challenging times for the jewellery industry. Fast rising food prices and the more general rise in the cost of living have reduced the levels of disposable income among ordinary Guyanese, impacting on their ability to indulge in the time-worn pursuit of buying jewellery; but the Maraj brothers say that it will take more than tough times to cause them to loose faith in the jewelry industry.

The President and the Customs Officers

We remain wedded to our position that the undertakings given by the President in the Customs/Fidelity affair should serve as an assurance that the ensuing investigation will get to the heart of the matter and that the masterminds behind the scam will be exposed and punished.

Unravelling inflation Part 1

By Rawle Lucas Indicator of Price Level The Guyana Bureau of Statistics reported in its Statistical Bulletin that, by December 2007, the Consumer Price Index (CPI) for all items had risen by 30 points from where it was one year ago in December 2006. 

Stock market updates

(graph) GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 251’s trading results showed consideration of $1,634,900 from 60,118 shares traded in 15 transactions as compared to session 250 which showed consideration of $1,012,339 from 43,334 shares traded in 8 transactions.

NAMILCO serves notice of another imminent hike in flour prices

Company engaging government on price increases Guyanese consumers will shortly be facing their second increase in the price of locally produced flour this year and the new price increase is likely to have a further knock-on effect on the prices of bakery products and other flour-based commodities.

Taking the President at his word

If only because of the persistent charges of corruption that have been leveled against his administration, President Bharrat Jagdeo’s recent comments on the alleged Customs/Fidelity fraud – the pertinent details of which were set out in our editorial last Friday – are deserving of further, more thorough examination.

Keeping A Promise

By Rawle Lucas Public’s right to know In keeping with the provisions of the Procurement Act of 2003, Guyana has started reporting information on contracts awarded to suppliers and contractors through the newly amended public procurement process.  

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