Business

Minister of Labour, Manzoor Nadir, in his feature address at the graduation exercise held for youths at the Essequibo Technical Institute, encouraged the private sector “to join hands and provide a better pay package so that Guyana can retain youths that have been trained.”

A city businessman has told Stabroek Business that the rise in the practices of smuggling and money laundering in the commercial sector is making it increasingly difficult for legitimate businesses in the country’s wholesale and retail sectors to survive.

One year after the City Mall opened its doors to shoppers, the facility is being hailed by businesses and consumers alike as a landmark development in the local commercial culture that has done as much for comfort and convenience as it has for commerce in the capital.

The International Fund for Agricultural Development (IFAD) formally approved US$6M for the Rural Enterprise and Agricultural Development Project (READ) for Guyana at a meeting at its headquarters in Italy last Thursday.

The concerns expressed by the mining community about the future of the industry in an “environmental era” reflect the extent to which issues pertaining to the environment have moved closer to the top of the national and global agendas.

Five recent incidents of theft of cable from Guyana Telephone and Telegraph Company (GT&T) ‘land line’ installations in sections of the city would appear to signal the return of the ‘bad old days’ of 2006 when persistent theft of the company’s copper-based cable sparked tough official measures against the country’s scrap metal industry.

The Guyana Forestry Commission (GFC) is testing 15 varieties of lesser-used wood species to identify the criteria for their processing and marketing to reduce stakeholders’ demand for the popular ones.

An Official of the Government Food and Drug Analyst Department has told Stabroek Business that the department has no intention of moving in the direction of issuing a ban order on several imported energy drinks which it says are potentially injurious to human health.

The loss of skilled workers is a key reason why some businesses are scaling back, according to the 2008 Guyana Business Outlook Survey by Ram & McRae Chartered Accountants.

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

The Office of the Commissioner of Insurance is celebrating five years of regulating insurance companies.

Whether the Georgetown City Council has simply been ‘worn down’ by the sheer persistence of street vendors or whether the Council has decided to embrace the spirit of Christmas and grant the vendors a seasonal ‘amnesty,’ street and pavement vending has returned to the capital with a vengeance.

Work could commence shortly on the renovation of a city building earmarked to accommodate a new multi million dollar pizza outlet which is to be established at a cost of between $60m and $90m.The

With less than two weeks remaining before Christmas the perennial army of street vendors seeking to ‘cash in’ on the seasonal demand has ignored the tough line taken by the city police for more than a year now and have returned to the streets in force.

Kiva.org is one of the most exciting online discoveries I’ve made within the past year.

Guyana’s newest business consultancy enterprise says it can offer the local business community any of the services that it can secure from abroad at rates well below those being charged by international business consultancies.

For most businesses seeing this title, they would most likely say it doesn’t apply.

Caribbean Community (CARICOM) Secretary General has told members of the Georgetown Chamber of Commerce and Industry (GCCI) that the strengthening of the regional equity market is critical to the realization of a vital element of the Caricom Single Market – the free movement of capital among member states of the Community.

At home the astute businessman gets ready to leave for the store.