Business

The Guyana Table Tennis Association (GTTA) has been approved by the International Table Tennis Federation (ITTF) to receive a grant worth approximately US$7000.00, GTTA general secretary Godfrey Munroe said yesterday.

Guyana’s expanding hotel industry can benefit from a range of multi-level training opportunities in the tourism and hospitality sector which are available under the 2007/2008 Scholarship Programme for the regional hospitality sector being provided by the Caribbean Hotel Foundation (CHF) .

A locally registered business management company has secured a contract with a major Atlanta-based gaming company to provide IT-related online-gaming support services for a popular computer game due to be launched in the United States shortly.

The popular marketing adage that image is everything has assumed an increasingly poignant significance in what has become a ferociously competitive global business environment.

United Kingdom-based Guyanese company Dalgety Teas is making plans for a US$500,000 factory in Guyana, following its success in entering African, Asian, European and Middle Eastern markets.

The proprietor of a major city beer, beverage and alcohol outlet is backing the recent call by Banks DIH Ltd Chairman Clifford Reis for stricter measures by the country’s enforcement bodies to curb the influx of illegal beer and alcoholic beverages into Guyana.

The Guyana Telephone & Telegraph Company (GT&T) is citing the completion of its new multi-million dollar GSM cellular service facility at Mahdia as “another concrete example of the company’s commitment to providing easy and reliable communication services between coastal and interior Guyana.”

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

Local scrap metal dealers have reacted angrily to the charge made in a recent statement issued by the Guyana Power and Light Company (GPL) asserting that the industry “seems to “thrive on buying stolen property,” asserting that the Corporation needs to look more closely at the role being played by some of its own employees in corrupting the scrap trade.

City Hall has initiated an internal probe into the operation of its Treasury Department following claims of irregularities and inefficiencies in its Finance Department.

The Government of Guyana has reacted quickly to news of an outbreak of Avian Influenza (Bird Flu) in the Dominican Republic.

Daune Fraser’s story is as fine an example of ambition and enterprise as any that you are likely to find among young women anywhere in Guyana.

Increasing home foreclosures, job losses, rising fuel and food costs and ongoing outsourcing is testing the financial limits of the US economy.

Another controversy may be brewing in the local scrap metal industry, this time over what industry officials say is the recent imposition by government of a fee for the inspection of containers of scrap metal prior to shipping overseas.

A city businessman has told Stabroek Business that he is at his wit’s end to determine how to collect more than $3m which he says is owed to him by City Hall for services provided to the municipality a year ago.

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

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Downtown businessmen are predicting a tough post-Christ-mas trading period which most say could extend for several months into 2008.

Stabroek Business has been reliably informed that the assets of the Ocean View Hotel have been acquired by city businessman Jacob Rambarran.