Business

Introduction: In macroeconomics, a recession is a decline in a country’s gross domestic product (GDP), or negative real economic growth.

Some months ago the City Engineer’s office expressed concern over the various transgressions of the building code arising out of the virtual transformation of the appearance of ‘commercial’ Georgetown.

Part I I was asked by a dear friend of mine to offer guidance on how companies in Guyana can achieve rapid success in improved quality of product and services while exceeding customer expectations.

Even as consumers continue to agonize over the recent spate of increases in rice prices, retail vendors were this week bellyaching over official intervention to provide the commodity at a price below the current market price.

Due to the recent suspension of trading on the Guyana Stock Exchange the Stabroek Business will be publishing no stock market updates in the immediate future.

President Bharrat Jagdeo recently informed the National Competitiveness Council (NCC) while chairing a meeting of that body that negotiations with the incumbent telecommunications operator, Guyana Telephone & Telegraph company, will be commencing on Tuesday.

A group of local art and craft producers set up to promote the local and international promotion of Guyana’s craft industry has disclosed that it will engage state agencies and the commercial banking sector with a view to securing financial support for creation of a sustainable arts and craft industry in Guyana Kulture Ambassadors – the leading promoters of Rastafarian art and craft in Guyana – is seeking to use the occasion of Carifesta X which will be held in Guyana in August to create “a permanent and viable craft industry on a sound business footing,” according to David Morrison (Ras Daweed) owner of the Kulture Embassz, a craft enterprise opened late last year in Kitty.

A local business and education technology service provider has secured a contract with the University of the West Indies under which it will launch and host the on-line component of the University’s Executive Diploma in Management.

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.”

GASCI (www.gasci.com/telephone N

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.