Business

The Guyana-Suriname ferry service has suspended operations because that neighbouring country on Friday registered its first case of the novel coronavirus. “The decision was made by the Surinamese authorities to close all ports of entry after the country recorded its first case of the novel Coronavirus today,” the management of the ferry service said. When the suspension begins on Saturday, ...

In the wake of the death of a Guyanese woman from the coronoavirus (Covid-19) days after she travelled from New York, Caribbean Airlines today said the 13 crew members who were on that flight have been self-quarantined in Trinidad. The woman travelled on March 7 on BW 521 from JFK International Airport to Trinidad’s Piarco International Airport in transit on ...

The United Nations (UN) on Friday called on the Guyana Elections Commission (GECOM) to verify the Region Four results of Monday’s general and regional elections in keeping with the law. “We encourage the relevant Guyanese authorities to finalize the process in a manner which leaves no doubts as to the credibility of the results that reflect the will of the ...

The African Cultural and Development Association (ACDA) on Friday called on key western nations and international observers to be cautious about the statements they have been issuing on the electoral situation in Guyana following the March 2, 2020 general and regional elections. ACDA noted that their statements were not contributing to a lowering of tensions in a country whose population ...

The European Union (EU) election observation mission on Wednesday raised concerns about the financing of the 2020 election campaign by Guyana’s two major political parties and their use of state resources in the run-up to polling day. Head of the EU Observer Mission, Urmas Paet said “one of the most problematic” issues was political and campaign financing. “Here is complete ...

The Guyana government has ordered that next Monday — March 2, 2020 — the date for general elections will be a national holiday, following calls by the business community and other stakeholders. Public Security Minister Khemraj Ramjattan issued the order which has since been published in the Official Gazette. Sections of the public and private sector had already expressed concern ...

The 100 percent-owned Guyanese recruitment company, Pandora Energy, says it has made significant progress in hiring Guyanese to work on vessels associated with the exploration and production of oil in Guyana and several other countries, after initially experiencing stiff foreign competition. “For some time, we found it difficult to secure contracts to provide manpower services to the offshore clients operating ...

Over 50 businesses participating in the upcoming Guyana Trade and Investment Exhibition (GuyTIE) 2020 scheduled for May, 2020, benefitted from capacity-building sessions in the key areas of trade facilitation and corporate social responsibility (CSR) over the course of three days. CSR is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR ...

Finance Minister Winston Jordan on Wednesday announced that the value added tax (VAT) is likely to be reduced to 12 percent as part of an overall package of tax reductions and concessions on building materials and certain productive sectors. Jordan, who has been on the 2020 election campaign trail, told a sod-turning ceremony for two internationally-branded hotels, that corporation and ...

Finance Minister Winston Jordan on Wednesday boasted that Guyana’s economy last year grew by 4.7 percent despite poor performances in traditional sectors, and that investors continue to ink concrete deals regardless of the political environment. Addressing the symbolic start of the construction of two major hotels on 10 acres of land at Ogle, East Coast Demerara, he said last year’s ...