Business

Reproduced from Kuwait Times KUWAIT: Two ministers from Guyana are in Kuwait to appeal for a possible writing-off of debt borrowed from Kuwait around 40 years ago. Finance Minister Winston Jordan and Minister of Public Infrastructure David Patterson hope to get the much-needed relief from the Kuwaiti government. “We had borrowed around $10 million from Kuwait in the 1970s. It ...

Guyana is expected to host the International Youth Robotics Competition (IYRC) league pre-qualifier competition in in 2019, STEMGuyana said Sunday. STEMGuyana said it signed an agreement with the the International Youth Robot Association to be the pre-qualifying body responsible for organizing the annual qualifier national robot competition among Guyanese primary and secondary school-aged student-teams to represent Guyana at the IYRC. The ...

China on Saturday signed a US$37.6 million agreement to boost Guyana’s broadband access for security surveillance and the provision of remote health care, officials said. “This project will see the upgrading of the network to enable an equitable delivery of service in the education, health, security, business and other sectors,” said Guyana’s Foreign Minister shortly after signing the agreement for ...

As the Guyana government prepares to lay the groundwork for increasing property rates and taxes in towns and villages, the People’s Progressive Party (PPP) is opposed to additional taxes on the citizens of Georgetown. “We know more revenues can come in there other than putting additional burdens. Don’t forget when this government came in has put over 200 new taxes ...

A labourer was crushed to death by a log that fell off a truck on Thursday at a sawmill and lumber yard at Linden, police said Stephan ‘Grinch’ Braithwaite, 20 years, of 100 Block 22 Squatting Area Wismar, Linden was pronounced dead on arrival at the Linden Hospital Complex. Police were told that the incident occured at about 8:30 AM ...

Former President, Bharrat Jagdeo on Thursday said he would drop his presidential immunity and allow police to question him if President David Granger is grilled by investigators about the award of a multi-million dollar contract to a Dutch company to conduct a feasibility study on a new Demerara Harbour Bridge. “If the President, when he is questioned in SOCU (Special Organised ...

As the Caribbean Community (Caricom) continues to grapple with a US$4.5 million annual food import bill, Guyana on Thursday cited the need for Guyana to seize opportunities for joint ventures and partnerships with businesses from other countries. “The Caribbean, taken as a whole, has the land, has the labour, has the capital to overcome its most severe setbacks of achieving ...

Trinidad and Tobago on Wednesday vowed to continue restricting the trade in honey being produced by sister Caribbean Community (Caricom) countries to prevent the spread of diseases, but did not rule out relaxing rules for the organic sweet substance to transit that twin-island nation without penalty. “Once we are satisfied that there are no phyto-sanitary risks that we should ignore ...

Trinidad and Tobago- which historically enjoys close economic and political relations with Venezuela- will support Guyana in its border controversy with their Spanish-speaking neighbour, Prime Minister Keith Rowley said Wednesday. Asked whether Trinidad and Tobago would be willing to amend the 1990 Maritime Boundary Delimitation Agreement with Venezuela  that has resulted in an overlap of maritime boundaries with Guyana, he ...

Trinidad and Tobago’s Prime Minister, Keith Rowley on Wednesday said his country has successfully renegotiated contracts with international oil and gas companies, even as he cautioned that  deals are developed based on the conditions at a particular time. “We respect the sanctity of contracts, while not accepting that contracts are written in stone. Contracts are engagements made at least between ...