Business

The Barbados and Guyana stock exchanges on Friday inked a memorandum of cooperation, paving the way for listed companies to trade in each other’s countries. “The two key areas of interest identified in our preliminary discussions have been that of institutional strengthening and the cross listing of securities,” Managing Director of the Barbados Stock Exchange (BSE), Marlon Yarde said at ...

Residents of more than 27 villages along Belfield, East Coast Demerara, to Rosignol, West Coast Berbice, can look forward to improved road access and connectivity as the Ministry of Public Infrastructure (MOPI) moves to start a technical and economic feasibility study for the redesign of the road network. The redesign feasibility study for that stretch of the road will be ...

The management of United Company Russian Aluminium (UC RUSAL)-controlled Bauxite Company of Guyana Incorporated (BCGI) on Monday decided to recognise the Guyana Bauxite and General Workers’ Union (GB&GWU), paving the way for the two sides to open negotiations on outstanding grievances. “The issue of recognition is not on the table. The company has made it clear that this is the ...

Caribbean Airlines Limited (CAL), which late last year inked a deal to buy several Boeing 737 MAX-8 planes – the same model used by the Ethiopian Airlines that crashed and killed 157 persons aboard – on Monday said it would abide by strict safety measures before adding new aircraft to its fleet. “Caribbean Airlines will incorporate the procedural and training ...

Attorney-at-law and Chartered Accountant, Christopher Ram on Friday asked the High Court to block the award of government contracts worth more than GYD$15 million. Through his lawyers, including Anil Nandlall, Ram also wants the High Court to declare that all such contracts that were awarded since the no-confidence motion was passed on December 21, 2o18 were “unconstitutional, unlawful, null, void ...

The Guyana government and the Guyana Telephone and Telegraph Company have inked a memorandum of understanding for the government’s planned liberalisation of the telecommunications market, but no date has been set for this to be realised. “The MOU, while non-binding, represents a major step toward fully liberalizing Guyana’s telecommunications market. The parties have further agreed to continue discussions on all ...

Guyanese Economist Kerwin Charles of the University of Chicago will become the Indra K. Nooyi Dean of the Yale School of Management (SOM) on July 1, University President Peter Salovey has announced. “I am confident that Professor Charles, a renowned economist and award-winning educator, will advance SOM’s role as a global center for the study of business and prepare our ...

The Guyana government is being asked to fund the purchase of a heavy-lift helicopter to assist in search and rescue (SAR) operations, but meanwhile hopes that ExxonMobil’s helicopter service provider will be able to provide emergency assistance, a top official of the Guyana Civil Aviation Authority (GCAA) said Tuesday. GCAA Director-General, Egbert Field said a stakeholder group, which includes his ...

The Guyana Civil Aviation Authority (GCAA) threatens to revoke pilots and operators’ licences if they are found culpable of breaching regulations, even as that regulatory authority is asking Guyanese to lodge anonymous complaints whenever they see any suspicious activity in the aviation sector on the ground or in the air. GCAA Director-General, Retired Lt. Col. Egbert Field said he Monday ...

Deaf persons will be licensed to drive private vehicles, but a date has not yet been set for commencing piloting a programme for sitting  theoretical and practical drivers’ examinations, the Ministry of Public Security said Monday. Minister Khemraj Ramjattan said the pilot project, which would be confined to the Guyana Police Force’s ‘A’ Division, was in keeping with a Cabinet ...