Business

A recent study by the Food and Agriculture Organisation (FAO) shows that since the start of the the coronavirus, COVID-19, farmers are losing income by between 20 and 50 percent, causing government to decide to buy produce directly from them, according to Agriculture Minister Zulfikar Mustapha. He noted that due to COVID-19, restaurant and food establishments are opening limited hours ...

Reeling from the devastating impact that the coronavirus has been having on international air travel, the Guyana Civil Aviation Authority (GCAA) has gotten a GYD$600 million bailout to ensure that the regulatory agency remains internationally compliant, Public Works Minister Juan Edghill said. Responding to a question from Minister of Governance and Parliamentary Affairs, Gail Teixeira about why GYD$609 million was ...

Despite intense pressure from opposition coalition parliamentarian Jermaine Figueira to disclose the cost of producing one ton of sugar to justify the spending of GYD$3 billion on reopening several sugar estates that had been shuttered by the David Granger-led administration, Agriculture Minister Zulficar Mustapha on Tuesday maintained that the the question was irrelevant to the consideration of budget estimates for ...

PNC/R Executive Mr. Lawrence ‘Larry’ London, benefitted from a GYD$23 million contract to print passports and birth certificates on behalf of the then Ministry of the Presidency (MoTP). Minister of Parliamentary Affairs and Governance, Hon. Gail Teixeira, made this disclosure on Monday during consideration of the estimates for Citizen and Immigration Services under MoTP for 2020. Mr. London signed the ...

The Guyana Telephone and Telegraph Company (GTT) says it restored landline services to customers in Region 3 on Sunday, completing underwater repairs ahead of schedule. On Sunday evening, the company announced the full restoration of telecommunication services to the area, days earlier than anticipated. On September 8, 2020 suspected sabotage to a fiber-optic cable belonging to GTT impacted over 25000 customers ...

President Irfaan Ali on Monday said  government would only accept the Cheddi Jagan International Airport (CJIA) expansion works, as they were outlined in the original contract. The Head of State made this assertion during a meeting with the Chinese Ambassador, Cui Jianchun and representatives of China Harbour Engineering Company (CHEC), the Project Consultant and the Project Manager, which was held ...

Prime Minister Mark Phillips said a law would be be drafted to protect electronic information being provided by citizens to the government and money has been already set aside to do this in the 2020 National Budget. “The policy work would continue through the end of this year with the development of draft legislation and explanatory memoranda for ever increasing ...

Even as United States Secretary of State Mike Pompeo stressed that State-owned enterprises are not the best fit for development, President Irfaan Ali said a deal with the United States to promote the private sector does not lock out China’s investments through the Belt and Road Initiative. “There is no counter to anything. We are open to investment all over. ...

The Guyana Water Incorporated (GWI) owes the Guyana Power and Light (GPL) owes GYD$7 billion over the past two years and the power company hopes that the now more than one-month old Irfaan Ali-led administration would help to pay off some of that debt, a senior GPL official said Thursday. GPL’s Divisional Director of Finance Loris Nathoo told a Public ...

The Food and Agriculture Organisation (FAO) is funding a GYD$6 million study on whether it is feasible for Guyana to establish a Consolidated Log Yard (CLY) from which only legally produced timber would be sold on the local and international markets. “The establishment of any CLY should have as its intended purpose to improve growth within the forestry sector in ...