Business

The Georgetown Chamber of Commerce and Industry (GCCI) would be working closely with the Jamaica Stock Exchange (JSE) to establish another stock exchange in Guyana geared primarily for micro, small and medium enterprises (MSMEs) to raise financing, Chamber President Kester Hutson said. “Our advocacy will extend to having a privately-led JSE established locally for our MSMEs,” he told Demerara Waves ...

The fire that Monday morning destroyed one building and damaged two others at Springlands, Corentyne was of electrical origin, the Guyana Fire Service said Monday. “The fire’s purported cause was the overheating of energized electrical appliances, resulting in arcing and sparking that ignited nearby combustible materials,” the GFS said of the blaze that occurred shortly after 9 AM. The two-storey ...

City Mayor Alfred Mentore on Tuesday sought to justify his position that vending would be allowed outside Muneshwer’s store on Water Street opposite Bounty Supermarket, although there is a High Court order prohibiting the placement or leaving of objects on the pavement and on streets nearby. “As long as nothing is left but persons are there overseeing whatever they bring ...

Town Clerk of Guyana’s capital, Georgetown, Candace Nelson Monday night said a High Court Order blocks sellers from engaging in vending activities on the pavement or the roads just outside Muneshwer’s Limited on Water Street opposite Bounty Supermarket. She said City Mayor, Alfred Mentore was to  tell the vendors that they could sell on the roads. “The Court order is ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday publicly slammed the Guyana Stock Exchange (GSE) as “substandard” and suggested that its operations were backward and a disincentive to businesses in Guyana. The lack of necessary infrastructure, technological advancements, and regulatory framework at the GSE compromises the financial health of businesses, restricts their ability to attract investment, and ultimately ...

Vendors outside Muneshwer’s Limited on Water Street opposite Bounty Supermarket on Monday suggested that they felt misled by top City officials who they said permitted them to sell on the road just off the pavement on stalls that must be moved at the end of each business day, but now they are being told that they could not ply their ...

Remaining stalls outside Muneshwer’s Store on Water  Street, Stabroek were Sunday demolished and taken away in keeping with a High Court order that was secured by that company, City Mayor Alfred Mentore said. ” The talks surrounded the agreed extension which went past the 15th January and our planned action by the City’s engineers dept to enforce the Order of ...

Banks DIH Limited on Saturday voiced a number of concerns about the way the shares of public companies here were being traded on the Guyana Stock Exchange (GSE), saying that its despite developments in the company the share value has not been increasing. “We are able to develop this company with all this capital works without borrowing and selling shares. ...

Chairman and Managing Director of Banks DIH, Clifford Reis on Saturday said that after failed efforts with the Georgetown City Council to remove vendors from outside Demico, Stabroek, the company would be moving to the High Court to seek redress. He told the hundreds of shareholders that over the years their company had made numerous efforts to remove the vendors ...

Opposition Leader Aubrey Norton on Friday pitched support for Guyana’s manufacturing sector by citing the need for policies to ramp up output and increase access to foreign exchange. “The government is advised to establish a broad-based Task Force on new industries and services to ascertain which industries and services should be developed having discussed and formulated policies and programmes based ...