Business

A section of Guyana’s private sector on Saturday bluntly told a Caribbean Community (CARICOM) expert that there are no risks to humans, plants and animals if Trinidad and Tobago stops blocking the transshipment of honey to other regional and international markets. Vice Chairman of the Guyana Manufacturing and Services Association (GMSA), Rafeek Khan and GMSA Adviser Ramesh Dookhoo confronted Chantal ...

Vice President Bharrat Jagdeo on Thursday announced that government has given the green-light to open negotiations with an American businessman to buy the Marriott Hotel for US$90 million. During the first round of bidding, Ramy El-Batrawi, founder of the investment group X, LLC , had bid for US$65 million but in the second round he upped that to US$90 million. ...

GROS ISLET, St Lucia, June 21 (DW).- The Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, Simon Stiell has been touting the long-term environmental and financial benefits of the Caribbean fast-tracking its shift from from oil and gas to solar and wind as energy sources. “The Caribbean is, to a large extent, still dependent on ...

GROS ISLET, St Lucia, June 21 (DW).- President of the Caribbean Development Bank Dr Hyginus ‘Gene’ Leon on Wednesday said the international community should provide increased climate finance as well as the private sector should play a major role in investment and finance in the region. “We must unlock private capital for the Region and mobilise private sector financing but ...

CASTRIES, ST Lucia, June 20 (DW).-Regional non-borrowing members of the Caribbean Development Bank (CDB) on Tuesday backed Barbados’ plan for rich countries to fork out billions of dollars in grants and cheap loans to poor nations like those in the Caribbean to help them grapple with the impacts of climate change. “The Bridgetown Initiative 2.0 could generate sufficient momentum and ...

CASTRIES, St Lucia, Jul 20 (DW).- The President of the Caribbean Development Bank (CDB), Dr. Hyginus “Gene” Leon on Tuesday said the regional financial institution was implementing a “trilogy” to deliver concessional financing to Borrowing Member Countries (BMCs), in what appears to be a major shift away from the conventional yardsticks of economic growth, and the total value of everything ...

GTT, Guyana’s First in Fibre and Largest Fibre Network in Guyana, announces 150,000 homes and businesses having access to its high-speed fibre service, after recently making the service available to more than 1,100 homes and 170 businesses in Tuschen on the West Coast of Demerara, Region Three. Technicians have worked assiduously to roll-out more than 3000 miles (about 4828.03 km) ...

Police on Saturday said they would support an investigation by the Child Care and Protection Agency into a government minister’s alleged sexual assault of a teenaged schoolgirl. “If they actually take it over and do what thy have to do and it is necessary for the involvement of the police in the region, then the police would be involved,” the ...

A city businessman on Thursday remained in custody as police probed the death of his son whose body was found in a building at Cummings and Regent Streets earlier this week. “CCTV (Closed Circuit Television) footage has been reviewed and the father has been detained and is presently in custody assisting with further investigations,” police said. Dead is 38-year-old Makema ...

The Canadian oil exploration company, CGX Energy, on Tuesday signaled that it appeared on the verge of finding crude oil in commercial quantities at the Wei-1 exploration and appraisal well offshore Guyana. “Results from the well are encouraging: data acquisition is ongoing via wireline logging, MDT’s and side wall core sampling,” the company said in a statement. An update on ...