Business

Government mum on aviation sector salary offer for qualified Flight Inspector

Airstrips, navigational aids, security, search and rescue capacity all deficient …Mekdeci The privately-run aviation sector is so concerned about what it says is the lack of qualifications and competence of the serving Flight Inspector at the Guyana Civil Aviation Autho-rity (GCAA) that it offered some months ago to meet the salary costs of a qualified replacement.

Agri Budget 2008 Fails the Industry

By Peter R Ramsaroop Overview Last week I started a short series on critical issues as it relates to our farmers and recommended major improvements in order for them to be able to strategically position themselves to improve their products, marketability and financial results.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 243’s trading results showed consideration of $13,489,102 from 398,314 shares traded in 18 transactions as compared to session 242 which showed consideration of $3,627,631 from 160,576 shares traded in 24 transactions.

One year after government undertaking

The consortium of local aircraft owners who hold a lease agreement with the Government of Guyana for the development of the Ogle Aerodrome has declined to comment on the possible reasons for the protracted delay in the release of funds provided by the European Development Fund (EDF) – and being administered by the Government of Guyana – for the second phase of the modernization of the facility.

An area of darkness

Few phenomena account more for the slow economic growth and the frustrations of normal domestic life in Guyana than our electricity supply system.

Agri Budget 2008 Fails the Industry

Overview Last week I started a short series on critical issues as it relates to our farmers and recommended major improvements in order for them to be able to strategically position themselves to improve their products, marketability and financial results.

GPL being plundered!

Illegal “hookups” and other forms of electricity theft across the country are costing the Guyana Power anf Light Company (GPL) more than two and a half billion dollars in lost revenue annually and according to the company’s Chief Executive Officer Bharrat Dindyal stamping out a problem which he says is strangling the electricity generation sector is not as simple as it may appear.

NIS reform recommendations should be implemented without delay

The long-awaited report on the reform of the National Insurance Scheme (NIS) is now completed and while the details of its contents are yet to be made public, some of its key recommendations – including the recommendation that the age of retirement be upped from 60 to 65 are already known.

Stock market updates

Notes 1 – Interim results 2 – Prospective EPS: earnings per share for 12 months period to the date the latest financials have been prepared.

Security fears compound VAT, industry regulation problems, dry up tourist resort occupancy …Gouveia

Concerns over visitor safety in the wake of the recent attacks at Lusignan and Bartica by gunmen that left twenty-four people dead “have all but shut down several of the country’s interior nature resorts,” compounding an already difficult situation for the country’s tourism sector, according to Managing Director of the Roraima Group of Companies Captain Gerry Gouveia.

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