Business

The University of Guyana’s Faculty of Natural Science was given a boost with the donation of over $8.3Million (US$40,000) in equipment by ExxonMobil, Yuesday morning. Among the highly specialised equipment presented were; a Baader Multi-Purpose Coma Corrector, a Bsc Optics Diode Laser; Wireless Temperature Sensor; Demo Mirror Concave; 1 Meade Series 5000 HD-60 Eyepiece Kit; 1 Orion XX 16G GO-TO Truss Dobson ...

Guyana is spending more to purchase fuels due to the closure of Trinidad and Tobago’s oil refinery, Petrotrin,  increased transportation costs from other sources and the inability of the Demerara River to accommodate larger tankers, Finance Minister Winston Jordan says. “Until we could dig out the Georgetown Harbour and you could get larger boats and have the storage capacity built ...

The publicly traded Jamaican betting and gaming company, Supreme Ventures, has expanded its direct operations overseas for the first time, with its first stop being Guyana, a top official said. Chairman of Supreme Ventures (Guyana Holdings), Walter Scott said the company entered the Guyana market after engagements with the Guyana Revenue Authority (GRA), the Gaming Authority and the Financial Intelligence ...

The Canada-headquartered Scotiabank and India’s Bank of Baroda have decided to sell out their operations in Guyana and other Caribbean countries due to declining profits and tighter anti-financial crimes legislation, Finance Minister Winston Jordan said. “These banks consider doing business in these states not profitable anymore; not that it’s not making profits but it’s not profitable for them to continue ...

The Guyana National Shipping Corporation Ltd has been successfully re-certified in line with the newly revised ISO 9001:2015 standard, the company announced Friday. The company says it previously earned certification under ISO 9001:2008 in 2012 and has been audited and registered annually by SGS Certification Services. Three Departments of the Guyana National Shipping Corporation Limited (the Shipping Agency, Insurance Division ...

The United States (US)-headquartered United Airlines is exploring the possibility of adding Guyana to its list of destinations, as that Houston-based carrier seeks to take advantage of  the South American nation’s emerging oil and gas economy, officials said. Junior Minister of Aviation, Annette Ferguson confirmed that United Airlines has set its eyes on the Guyana market and a delegation was ...

Minister of Public Security, Khemraj Ramjattan on Thursday stopped short of accusing the opposition People’s Progressive Party (PPP) of seeking to secure the jobs of Indo-Guyanese in much the same way that People’s National Congress Reform (PNCR) Chairman, Volda Lawrence had promised to give jobs to her party’s supporters. “Volda made a statement recently that she’ll get some employment for ...

Minister of Public Infrastructure, David Patterson on Wednesday denied a claim by People’s Progressive Party (PPP) frontbencher, Juan Edghill  that GYD$79 million extra was disbursed for a Dutch feasibility study that has been mired in controversy. “What you are saying there is absolutely untruth,” Patterson told the House in rebutting Edghill. The Minister, however, did not go into details about ...

Guyana and other Caribbean Community (Caricom) member countries have agreed to add agricultural workers,  security guards, barbers and beauticians to the list of persons eligible to move and work freely across the single market bloc. Regional leaders, including Guyana’s Vice President and Minister of Foreign Affairs Carl Greenidge, struck the agreement at a December 3 to 4, 2018 meeting held ...

Opposition People’s Progressive Party (PPP) Shadow Health Minister, Dr. Frank Anthony on Tuesday assailed the David Granger-led coalition administration for alleged bad drug importation deals, unregistered importing entities, increased prevalence of HIV/ AIDS and failure to assist the country’s estimated 60,000 diabetics with free glucometers. Anthony, who is one of his party’s presidential candidate hopefuls for the 2020 general elections, ...