Business

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.

GASCI (www.gasci.com/telephone N

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.

In June 2007 Stabroek Business was informed by Brazilian Ambassador to Guyana His Excellency Arthur Meyer that the bridge across the Takutu river would be completed in January 2008.

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Vinu Sawh’s bespectacled face and piercing eyes give him the appearance of a ‘bookish’ university undergraduate who spends most of his time detached from the people around him.

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Plagued by the persistent theft of its insulated copper cable that serves as the vehicle for taking telephone services to consumers and having failed to bring a halt to the practice through the intervention of either the police or its own internal security force, the Guyana Telephone & Telegraph Company (GT&T) has disclosed that it will now be turning to the consuming public in an effort to rein in the copper thieves.

The Guyana Power and Light Company (GPL) faces a crisis of what appears to be huge proportions.

Sections of the business community may approach government in an effort to discuss ways of mitigating the effects of continually rising energy costs on the local productive sector in the wake of the recently announced increases in electricity charges.

Executive Director of the Tourism and Hospitality Association of Guyana (THAG) Maureen Paul has said that while she believes that there are competent persons serving on the various committees set up to plan the August 2008 Caribbean Festival of Arts (CARIFESTA) scheduled to be held in Guyana the challenge lies in the country’s “in-house capacity to provide a product to the level that will be expected of the largest cultural event of the region”.

The accelerated promotion of Guyana’s nature-based tourism product is the focus of the recently released 2008 issue of Explore Guyana, the country’s official Tourist Guide.

There will continue to be debate regarding the growth experienced by the Guyanese economy in 2007.

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

Guyana’s tourism sector must move towards a more “holistic orientation” in 2008 if there is to be any significant qualitative improvement in the country’s tourism product, according to Executive Director of the Tourism and Hospitality Association of Guyana (THAG) Maureen Paul.