Business Review

Scope and power of government   In the study of public finance, students come across several concepts which expose them to the scope and power of the government.

Conglomerates   The manufacturing sector is the smallest sector in the Guyana economy, accounting for a mere seven per cent of the total output of the country in 2013.

Primitive to sublime The world in which we live is full of natural resources and the economics around them can bring many pleasant and regrettable memories.

Recent drama The recent drama surrounding the forestry sector in Guyana is likely to rekindle interest in the effect that exploitation of the natural resources can have on the country.

Over the last two weeks, Guyana’s forests attracted much media attention not because of any scientific discovery or technological breakthrough, but because of the economics surrounding their use.

Apprehension This article offers some observations on the half-year economic report which are made from the perspective of the likely behaviour induced by movement of the monetary variables of credit, foreign reserves and the exchange rate.

Revolting news In its mid-year report, the government disclosed that the Guyana economy grew by 3.2 per cent.

Important allies   When one thinks about Region 10, it is usually in terms of extremes.

Frequent concessions In the world of international trade, there is something called national treatment.

 Delayed release The preliminary 2012 census report is out but it does not provide data on employment and the labour force in general.

Inconsistent   The disclosure that another hotel with an international brand will be built in Guyana has raised once again questions as to what the government’s real interest is in encouraging such types of foreign investment in Guyana.

Public good The Vice-Chancellor of the University of Guyana (UG) has proposed a hike in the tuition fees to be paid by students of the university.

Declining fortunes This is no time for naysayers to gloat about the declining fortunes of the gold industry and the conundrum of the rice industry.

Rogue drivers The minibus culture of reckless and indisciplined driving is expected to get worse as time goes by unless the police adopt a more aggressive attitude towards the rogue drivers in the industry.

Risk factors Atlantic Tele-Network (ATN), the parent company of GT&T, has told the Securities and Exchange Commission (SEC) that it continues to worry about several risk factors that could affect its operations in Guyana.

Unique way In what could be a unique way to focus attention on the issue of poverty and how it could be tackled, the World Bank in its World Development Report 2014 points to the need for risk management by all economic units in an economy.

Youngest Demerara Bank Limited (DBL) is one of the youngest commercial banks in Guyana.

Leadership   The Guyana Bank for Trade and Industry (GBTI) is the second largest bank in Guyana with about 25 percent of the deposits, a market capitalization of $25 billion and assets to the tune of $95 billion or 28 percent of the assets under the control of the commercial banks.

Smallest In a market of diverse ownership, Citizens Bank is one of three commercial banks that have majority Guyanese ownership.

Largest Companies Republic Bank (Guyana) is by far one of the largest companies in Guyana by any measure.