Business

Business drivers are tied to public policies in many ways. We constantly talk about reviving our nation’s economy, why we have so little foreign investment and why there is still so much poverty in our nation while smaller nations around us seem to thrive.

If the Guyana Geology and Mines Commission (GGMC) succeeds in making a case against the miners charged with illegally mining and destroying roads between Mahdia and North Fork earlier this year, the penalty for the offence could include the confiscation of mining equipment already impounded by the Commission, according to Acting Commissioner William Woolford.

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

Republic Bank (Guyana) Limited has increased its after tax profits for the year ended September 30, 2007 by 11.22% from $1028.9M in 2006 to $1144.4M.

Bosia Minerals is to spend more than US$10m in gearing the company for what the company’s Personnel and Industrial Superintendent Peter Benny says is “a determined push” to significantly increase production next year.

TCL Guyana Inc., (TGI) a subsidiary of the TCL Group of Trinidad and Tobago, the leading supplier of cement in the region, is adopting a ‘wait-and-see’ position in relation to the Government of Guyana’s continued waiver of the 15 per cent Common External Tariff (CET) on cement imported from outside the region.

Earlier this week the Venezuelan Embassy in Georgetown issued a statement giving itself a huge pat on the back over the delivery by Caracas of 16,000 barrels of gasoline and diesel in response to an appeal by the Government of Guyana.

The Chinese company Bosia Minerals has disclosed that it is currently engaged in studies at Linden that will lead to the installation of an efficient dust collection system at the company’s Linden bauxite-mining operations.

I recently served as Chairman of the Guyana Fire Advisory Board and on many occasions issues and topics were debated and decisions made by members of the Board.

My week started on Sunday evening with a 9pm skype conference call with one of my vendors in China.

The Guyana Police Consumers Cooperative Society says it expects to exceed its 2006 sales turnover of $11m this year.

Several major projects by the Mahaica, Mahaicony, Abary Agricultural Development Authority (MMA/ADA) are planned for implementation during next year, some of which are part of Phase II of the MMA scheme, said General Manager of the MMA/ADA Aubrey Charles, the Government Information Agency (GINA) reported .

The Demerara Bank Limited achieved a profit of $560 million after tax for the year ended September 30, 2007 compared to $283 million in the preceding year, an increase of 98%.

As the end of the sixth year without an investor draws to a close, the 6,000 to 7,000 depositors of Globe Trust and Investment Company Limited (GTICL) will yet again have to wonder if and when the court ordered restructuring of the entity will be completed.

The disclosure by the Government Analyst Food and Drugs Department that retailers are mixing flour with powdered milk and offering the mixture for sale as pure powdered milk is one of those shameful and infuriating manifestations of a thoroughly corrupt commercial culture that has long been an occupational hazard of shopping in Guyana.

Two local private sector businessmen have joined the debate on crime, security and the economy sparked by public comments made by former Guyana Defence Force Commander Brigadier (retd) David Granger and Cabinet Secretary Dr.

The “elaborate telecommunications” buildout undertaken by the Guyana Telephone and Telegraph Company (GT&T) since the signing in 1991 of an agreement with the Government of Guyana and Atlantic Tele Network (ATN) has completely revolutionized several critical sectors of the Guyanese economy and improved the quality of life in Guyana as a whole, according to the company’s Deputy General Manager, Public Communications, Terry Holder.

Consumer complaints that unpackaged powdered milk being offered for sale to consumers in shops and markets is being ‘mixed’ with flour to ‘push up’ the profit margins of shopkeepers and vendors have led to calls from the Government Analyst Food and Drug Department for the milk to be “bagged and labelled” before being sold to consumers.

Stabroek Friday Business supplement is the only such publication in Guyana.

Which place in Guyana do you enjoy doing business with, because it offers you the service that you, as a customer, expect and which you would like to see publicly recognized and honoured for its commitment to customer service?