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Business

City businessman disappointed with Education Ministry’s need for written approval before school visits, donations

A day after the Ministry of Education clamped down on unauthorised visits to schools, a wealthy city businessman who visited four schools across the country and donated several items, Wednesday night deemed a circular by Minister of Education Priya Manickchand “draconian”. Chief Education Officer, Saddam Hussain on Tuesday told head teachers and education officers that with immediate effect any person ...

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No public companies listed on cash-strapped Guyana Stock Exchange; Banks DIH must first list on Stock Exchange to get additional benefits- GSE Chairman

The Guyana Stock Exchange’s (GSE) efforts to modernise its operations has hit several stumbling blocks for almost 20 years now, and this has been compounded by the fact that none of the public companies is listed on tier one of that secondary market, the GSE Chairman Nikhil Ramkarran said Wednesday. While expressing concern that he was not contacted before to ...

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US prepares to reimpose ban on Venezuela’s oil and gas, gold

The United States (US) on Tuesday announced it would reimpose sanctions on Venezuela’s oil and gas sector, effectively blocking trade in those hydrocarbons  because the Nicolas Maduro administration has arrested members of the “democratic opposition” and has barred candidates from running in upcoming presidential elections. Venezuela, in response, said the US action amounted to a deliberate attempt to hit the ...

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Georgetown Chamber spearheading plans to establish second stock exchange

The Georgetown Chamber of Commerce and Industry (GCCI) would be working closely with the Jamaica Stock Exchange (JSE) to establish another stock exchange in Guyana geared primarily for micro, small and medium enterprises (MSMEs) to raise financing, Chamber President Kester Hutson said. “Our advocacy will extend to having a privately-led JSE established locally for our MSMEs,” he told Demerara Waves ...

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Electrical fire destroyed, damaged Corentyne buildings

The fire that Monday morning destroyed one building and damaged two others at Springlands, Corentyne was of electrical origin, the Guyana Fire Service said Monday. “The fire’s purported cause was the overheating of energized electrical appliances, resulting in arcing and sparking that ignited nearby combustible materials,” the GFS said of the blaze that occurred shortly after 9 AM. The two-storey ...

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City Mayor seeks to justify vending outside Muneshwer’s, despite High Court order

City Mayor Alfred Mentore on Tuesday sought to justify his position that vending would be allowed outside Muneshwer’s store on Water Street opposite Bounty Supermarket, although there is a High Court order prohibiting the placement or leaving of objects on the pavement and on streets nearby. “As long as nothing is left but persons are there overseeing whatever they bring ...

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Court order prohibits vending-related activities on pavement, streets around Muneshwer’s

Town Clerk of Guyana’s capital, Georgetown, Candace Nelson Monday night said a High Court Order blocks sellers from engaging in vending activities on the pavement or the roads just outside Muneshwer’s Limited on Water Street opposite Bounty Supermarket. She said City Mayor, Alfred Mentore was to  tell the vendors that they could sell on the roads. “The Court order is ...

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Guyana’s “substandard” Stock Exchange must be modernised- Georgetown Chamber; stock exchange education needed- Norton

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday publicly slammed the Guyana Stock Exchange (GSE) as “substandard” and suggested that its operations were backward and a disincentive to businesses in Guyana. The lack of necessary infrastructure, technological advancements, and regulatory framework at the GSE compromises the financial health of businesses, restricts their ability to attract investment, and ultimately ...

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Vendors removed from outside Muneshwer’s Limited

Remaining stalls outside Muneshwer’s Store on Water  Street, Stabroek were Sunday demolished and taken away in keeping with a High Court order that was secured by that company, City Mayor Alfred Mentore said. ” The talks surrounded the agreed extension which went past the 15th January and our planned action by the City’s engineers dept to enforce the Order of ...

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