Business

Minister of Public Telecommunications, Cathy Hughes wants more public conversations about how the potential benefits of the expected massive oil earnings can be used to benefit ordinary Guyanese and says she has already raised the matter at Cabinet. In reiterating her support for poor Guyanese to receive conditional direct cash transfers from the oil revenues that are expected to begin ...

After more than six months on the market, the local rice cereal ‘Morning Glory’ has recorded sales ranging from $30Million to $35Million. On Wednesday, ANSA McAL Trading Limited (AMTL) in collaboration with Guyana’s Institute of Applied Science and Technology (IAST) officially launched the cereal at the AMTL head office. In brief remarks, AMTL’s Food and Consumer Goods, Manager, Anjeta Hinds said ...

The natural gas deposit at Diamond is said to be significant and government has been asked to decide on whether the resource should be exploited commercially for the benefit of that East Bank Demerara area. Director-General of the Civil Defence Commission, Lt.Col. Kester Craig said a sample of the methane gas was sent overseas to determine the quantity and potential, which ...

The newly-established American Chamber of Commerce of Guyana (AmCham Guyana Inc.), which was officially launched Tuesday night, hopes to influence government policies and legislation, in among other areas, those linked to the oil and gas sector. United States (US) Ambassador, Perry Holloway hailed AmCham-Guyana’s “desire to move forward with relevance and speed” by setting three initial priorities- the Sovereign Wealth Fund ...

Despite a rebound in economic growth of 4.5% for the first half of the year, Guyana faces considerable economic and fiscal headwinds for 2018 that will mean restrictions in spending in the public sector. This comes even as there is an increasing amount of unrealistic discussions regarding the benefits of anticipated oil revenues which are not even expected for another ...

United States (US) Ambassador to Guyana, Perry Holloway prefers Guyanese to talk more about improving social services and security instead of directly transferring oil cash to the poor. “I think the more important conversation should be about not giving every citizen a cheque but giving every citizen a quality education, giving every citizen quality health care, a secure environment in ...

Farmers were Monday warned of impending dry spells and to conserve water ahead of the weak to moderate El Niño conditions during the next several months. Chief Hydrometeorological Officer  Dr. Garvin Cummings said the dry spells do not mean that Guyana would experience a drought. “The absence of rainfall does not indicate a drought situation, but rather a period of dry ...

Two Ukrainians have been charged with a number of offences linked to the assault of two Guyanese gold mine workers as well as failure to wear uniforms as private security personnel. Police said the Russian-speaking Ukrainians- 38-year 0ld Vitaly Paraschuck was charged with two counts of threatening behaviour and assault causing actual bodily harm committed on Charles Clarke on July ...

– Utakwaaka, a Phillipai word, means the dawn of a new day, a ray of light a ray of hope CGX Energy Incorporated announced its next exploration well with an Indigenous naming and blessing ceremony by the historic Aleluya Indigenous Group. The ceremony, a collaboration between CGX and the Ministry of Indigenous Peoples’ Affairs, was held on Friday at the Umana ...

As a new privately-owned airline named Guyana Airways Corporation Inc. prepares to move ahead with its application to the Guyana Civil Aviation Authority (GCAA), the name of that company has been scratched off the Companies Register in keeping with local laws, according to well-placed sources. The Deeds and Commercial Registries Authority last month informed the company, through its lawyer, that ...