Current Business Openings – Emerging businesses in the local sectors

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Fernandes Bread Box
Introducing the Dutch taste to the Guyanese palate is Fernandes Bread Box, which opened to the public some weeks ago.
The Fernandes Bakery is part of the Fernandes Group of Companies, one of Suriname’s largest corporate groups. The Fernandes business, which was established in 1910, began as a small novelty store in Paramaribo. It later grew into an international brand offering a wide range of products and services.
The bakery is one of the first companies in the group to have established itself to be a prime producer of quality products at affordable prices. It boasts of using only superior ingredients which guarantees satisfaction with every bite of its freshly baked breads, delectable pastries and tantalizing ice-creams.
The entry of the Fernandes brand on the Guyana scene aims to provide consumers with a fresh line of products not normally found on the local market. It offers over seven types of breads, including whole and multi-grains, baguettes, ciabatta, croissants, wraps, pastries and a variety of deserts.
In addition to providing distinctive breads, pastries and deserts, the Bread Box provides hot and cold beverages and freshly prepared sandwiches.
The Fernandes Group of Companies in Suriname also includes a Coca Cola bottling company, ice-cream manufacturing and packaging, automotive sales, hardware, household, audio and furniture divisions.

New India Assurance
A fresh company, New India Assurance, has positioned itself to help the insurance industry catapult into a glorious comeback after experiencing some economic shocks in recent years.
The vision of the Guyana branch of the Trinidad and Tobago (T&T) based company is “to be an industry leader that provides world-class general insurance services.” Among the services offered by the company are motor (private and commercial), fire and special perils, business interruption, homeowners/householders comprehensive, contractors’ all risk, plate/glass, all risk (valuables and equipment), burglary, public liability, product liability, travel insurance and personal accident.
At the opening ceremony, the Company’s Managing Director, Jyoti Kumar Garg, said that it is a great pleasure to be in Guyana. He also recognized the significant developments that have taken place over the years. He said that since the company believes in providing “world-class general insurance services,” it is working on the implementation of new information technology software that will provide real time benefits to the clients.
New India Assurance came into the Caribbean more than 60 years ago, beginning with its agency model. In 1966, it was incorporated and began operations as a branch office in T&T.
This company is a subsidiary of the New India Assurance Company Limited in Mumbai India, a multi-national, state-owned, non-life insurer that was founded in 1919.
It is one of the largest insurance companies in the Afro-Asian region. It had a global premium of US$2.3 billion, net assets of US$7.7 billion and net worth of US$1.4 billion at the end of 2013.
It is also rated A- by the AM Best (A.M. Best Company provides news, credit ratings and financial data products and services for the insurance industry). The operations in India extend across a network comprising 28 regional offices, five large corporate offices, 400 divisional offices, 614 branch offices and 555 micro offices, with an employment head count of 19,000.

Point of Sale Guyana-Business Solutions
Point of Sale (POS) Guyana-Business Solutions opened its doors to the public in June. The newly-introduced business venture in Guyana’s information technology sector offers free services to businesses and households.
It specializes in POS hardware and software for businesses. POS Guyana is an authorized distributor for Bematech POS hardware and bar software. POS hardware helps retailers sell more effectively. The company also offers additional specialized sales and services, such as desktop and laptop repairs/parts and accessories, printers, security cameras, alarms, DSL, biometrics and payroll software with training.
It also offers a ‘business package’, whereby businesses can receive free POS setup, which entails a computer, receipt printer, barcode scanner, software and training.
The are located at 176 Middle Street, between Camp and Waterloo Streets, Georgetown (Above the Plum store)and can be telephoned at 225 9787.

Publik Wing and Burger House
With a cozy and friendly atmosphere, the Publik Wing and Burger House, located in the Bella Vista Mall on Duncan Street, has become a favorite eatery of locals overnight. It is owned by popular party promoter in Guyana, Sean Major, who was careful to fashion his brand to be a memorable one for the Guyanese public.
Though it is not large when it comes to space, the franchise capitalizes on other qualities, such as great tasting food and impressive customer service.
As for its star attraction – the food – it brings new twists to the way one enjoys burgers, hotdogs, French fries and barbequed wings, which they serve with 11 tantalizing sauces.
While it is customary for persons to be given nicknames in Guyana, this little restaurant that boasts of big flavors has earned a new name from the populace: GT’s one and only ‘Wing and Burger Heaven’.

The Giftland Mall
The US$24 million Giftland Mall stands as Guyana’s largest shopping precinct in Liliendaal, East Coast Demerara. It has been regarded as an impressive vision by various members of the coalition government. It also houses one of Guyana’s largest cinemas – the Caribbean Cinemas.
Business Minister, Dominic Gaskin, at the recent opening of the mall, said that the project can safely be described as a major investment in Guyana’s retail sector. He said that the new shopping complex can be regarded as a “scientifically selected” blend of business, entertainment, cuisine and architectural magnificence.
Gaskin also said that it would be an operation of international standard which the public deserves. He regarded the mall’s creation as a formidable work of entrepreneurial spirit. According to Gaskin, the introduction of the Giftland Mall highlights the importance private businesses play in developing Guyana’s economy. Among the stores available at the mall are the Giftland Megastore, GL Giftronics, GL Sportsmaxx and the Giftland food court.
Despite the store’s apparent extravagance, customers are assured that the inexpensive pricing synonymous with Giftland will remain.
Caribbean Cinemas Multiplex, the Puerto Rican theatre company, has over 400 operations across the Caribbean region, including Trinidad and Tobago. Its opening at Giftland represents the company’s first mainland operations in South America.

Crème Select Ice Cream Lounge
Crème Select Ice Cream Lounge in downtown Georgetown is the most recent edition to the frozen confectionary sector. It was established by Banks DIH Limited with more locations soon to come.
It offers delectable flavors in ice cream such as banana, French vanilla, strawberry ripple, chocolate ripple, marshmallow, sorrel, chocolate and vanilla. According to Banks DIH Human Resources Director, Andrew Carto, the company has already “eyed” two other locations in the city to open more outlets.
Carto said that the company just could not resist the urge of getting into this sector, given the fact that most Guyanese have a weakness for these types of sweet treats. He said that they intend to produce super premium quality ice cream to satisfy that weakness.
The Ice Cream Lounge will offer a wide range of premium quality ice cream treats, as well as appetizing snacks. Persons can expect sundaes, frostees, waffle cones, waffle bowls, banana splits, smoothies, shakes and iced lattes at guaranteed affordable prices. Additionally, a special treat named “Love Boat” is available for couples who desire to share a special delicacy together.
The genesis of the idea for Crème Select Lounge stemmed from the fact that though there is the Crème Select take-home one liter packages countrywide, there are those who wish to indulge in their ice cream in a comfortable atmosphere, hence the birth of Crème Select Lounge. The company guarantees that the equipment and furnishing imported from the US are among the latest in technology and comfort, and will provide customers with the best quality products within a conducive atmosphere.
Crème Select ice cream is produced at Banks DIH Limited Thirst Park facilities at a dairy which is ISO 9001 and ISO 22000 certified.

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