Business

In a move that points unerringly to DIGICEL’s determination to sustain its public criticism of the monopoly on international voice and data traffic held by the Guyana Telephone and Telegraph Company, Chief Executive Officer of the local DIGICEL operations Mark Linehan told media representatives on Tuesday that the monopoly continued to serve as a disincentive to investment in the Guyana economy.

A local aviation industry official has told Stabroek Business that passengers travelling in and out of Guyana were likely to experience continued flight delays and cancellations because of the constraints facing carriers providing a service to Guyana.

Last Friday Stabroek Business published an article based on an interview with a city businessman in which he expressed a number of views about the role which he believed employees play in robberies committed on business places.

Purchasing Power: By definition the purchasing power of a dollar decreases as the price level rises.

For more than a year the monopoly enjoyed by the Guyana Telephone and Telegraph Company in international voice and data transmission has come under scrutiny and attracted comments from government officials including President Bharrat Jagdeo.

GASCI (www.gasci.com/telephone N

The quality of passenger service by the various service agencies operating out of the Cheddi Jagan International Airport, Timehri is “in urgent need of considerable improvement” if visitor arrivals to Guyana are to increase, according to a local aviation official.

What appears to have been a brief internal power struggle for control of the Guyana Scrap Metal Dealers Association (GSMDA) has ended with the removal of Malik Cave as the Association’s Technical Director and the re-election of scrap dealer Percy Cole as Chairman.

The US dollar continues to fall against other major currencies and, if the trend continues exporters could soon feel the squeeze.

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

Over 150 bankers from Suriname, the Caribbean and North America will be in Guyana for the Annual General Meeting of the Caribbean Association of Indigenous Banks (CAIB), a statement from the Local Organizing Committee (LOC) said.

A major confrontation has erupted between two of the key players in the Guyana Scrap Metal Dealers Association (GSMDA) dealing a further blow to the already beleaguered industry and threatening to derail the GSMDA’s negotiations with government over the reopening of the scrap export trade.

Several months ago the Stabroek Business published a story disclosing, among other things, that a former member of the Board of the Guyana Power and Light Company (GPL) had been fingered in a scam designed to conceal the actual amount of electricity consumption at a city business premises and that a serving member of that Board had moved to have an employee removed from her post because she had instructed that his electricity supply be disconnected for a sizeable unpaid bill.

Stabroek Business has learnt that the Trinidad and Tobago-owned airline charter service Constellation Tours is to pursue the lease of additional aircraft to ply its routes between Georgetown and North America in an effort to avert repetition of last week’s flight cancellation which left more than 100 passengers stranded at the Cheddi Jagan International Airport, Timehri and provoked a sharp official reprimand from Tourism, Industry and Commerce Minister Manniram Prashad.

On more than one occasion over the past two weeks, I’ve been counselled by well meaning colleagues about my writings.

A city businessman who has been the victim of three robberies over the past two years has told Stabroek Business that he believes that a large number of robberies carried out against business premises are aided by employees of those establishments who provide criminals with critical “inside” information.

The search for quality improvement and efficiency enhancement in the production process in Guyana has seen the application of various programmes provided by the European Com-munity (EU), the Inter American Development Bank (IDB) and other international agencies.

Generally, laptops are more expensive than their desktop counterparts, more susceptible to damage, and are significantly more expensive to repair.

GASCI (www.gasci.com/telephone No 223-6175/6) reports that session 225’s trading results showed consideration of $6,682,987 from 536,535 shares traded in 15 transactions as compared to session 224 which showed consideration of $407,900 from 13,100 shares traded in 5 transactions.

Developing countries need to act urgently to implement disaster risk management mechanisms in order to reduce their vulnerability to economic losses resulting from natural disasters, according to a paper prepared by the Common-wealth Business Council (CBC) and discussed at last week’s Commonwealth Fin-ance Ministers Meeting in Georgetown.