President directs Courts to bamboo furniture
…as retail giant opens Diamond branch
During the opening ceremony of Court Guyana’s newest location in Diamond, East Bank Demerara, President Donald Ramotar recommended that the company introduce bamboo furniture to its customers. Courts opened the location on Friday.
“I want to encourage Courts to look at bamboo furniture and to introduce this furniture to your customers,” the President said.
Ramotar said that during the time when many businesses were closing and leaving Guyana, Courts stayed. He added that not only has the company helped in building the economy, but it has also set much competition in the manufacturing sector.
The President also urged that Courts, along with the many other businesses set up close by, work in building the community of Diamond, which will eventually become a secondary town.
This new addition to Courts Guyana cost $250M and stands on two floors at the Great Diamond, East Bank Demerara location.
Also in attendance at the opening ceremony held with much fanfare outside of the new store was the Minister of Housing and Water, Irfaan Ali, Finance Minister Dr. Ashni Singh, Managing Director of Courts Guyana, Clyde de Haas, and Regional Executives of Courts’ parent company, Unicomer.
Minister Ali in his address to the gathering disclosed that Courts Guyana Limited is in advanced discussions with the government over the construction of a US$6 million state-of-the-art distribution facility, expected to be ready within the next three years.
He also said that Courts has been providing hundreds of persons with jobs.
“Courts, every single day hires 25 trucks in its transportation service and this is a direct linkage to the business of Courts. Courts provides 75 temporary job opportunities every day by hiring those trucks,” Ali said.
Finance Minister, Dr Ashni Singh said that the entity’s arrival into Guyana has established important linkages within the manufacturing sector.
“Courts’ entry into Guyana established important linkages along the entire production chain. I think that served the manufacturing industry very well…,” he said.
Singh also said that the government is in the process of establishing a Credit Bureau here in Guyana, reason being that many persons have outstanding credit records.
“We took to Parliament the Credit Bureau Act and we are currently in the process of establishing the regulations. We are going through the licensing process which will see the granting of licences to entities to operate a Credit Bureau in Guyana,” Singh said.
He also advised that the management of Courts examine the issue of the cost of financing, as he sees room for improvement.
Clyde de Haas, the Managing Director, during his address, said that the $250 million 8000 square feet store will continue to bring value home to the customers who look to the company to furnish their homes and provide comfort to their families.
De Haas added that even with its Grove branch, the company is unable to meet the demands of the rapidly growing East Bank community, thus the company saw the dire need to expand.
Apart from the opening of the store, Courts Guyana also donated over $2M worth of materials which will better equip the facility in taking care of the booming community.