Business

Finance Minister Dr. Ashni Singh on Thursday announced that Guyana was preparing to export manganese for the first time in 54 years. Addressing the formal opening of the Private Sector Commission’s Annual General Meeting, he said ships were moored in the North-West District and loading the mineral for export. “Guyana, I believe, this very week will resume exports of manganese ...

The Guyana Telephone and Telegraph (GTT) company on Wednesday announced that it has joined with its United States-based shareholder, ATN International, to launch a call centre in Guyana that would serve the telecoms company and clients worldwide through a mix that would include decentralised at-home operations. GTT said its 214-member  Customer Care team that was hired and trained over the ...

At least 23 staff members of the state-owned Guyana National Newspapers Limited (GNNL), the publisher of the Chronicle newspaper, have petitioned President Irfaan Ali for the removal of editor-in-chief Tajeram Mohabir, claiming that he has displayed poor leadership and contributing to increased operational costs. “We believe that his removal as EIC would facilitate the development of the editorial department in ...

The Guyana government on Tuesday announced that government has withdrawn US$200 million (GY$41.7 billion) from the Natural Resource Fund (NRF), the first such drawn down from the facility of oil revenues. Finance Minister Dr. Ashni Singh was quoted in an official statement as saying that the money has been transferred from the NRF to the Consolidated Fund to “finance national ...

President Irfaan Ali on Saturday night urged  the Guyanese Diaspora in Canada take advantage of growing economic opportunities in their homeland, even as Governance Minister Gail Teixeira said the Guyanese at home alone could not develop Guyana. “The Diaspora is a powerful tool but the Diaspora cannot be lazy. The Diaspora cannot be reactive, You have to be proactive. The ...

Guyana and Suriname on Wednesday advanced one step closer towards the construction of a bridge across the Corentyne River with the signing of a contract for feasibility studies to determine financing, traffic flows and toll and  other revenue generating options. The US$2 million contract with the Trinidad-based consultancy firm, WSP Caribbean, will see the conducting of the studies over the ...

Under constant pressure from the increasing number of heavy duty trucks during the past two years, the constantly broken more than 120-year old water mains in the vicinity of the Bank of Guyana are to be replaced under a GY$800 million dollar project,  Guyana Water Incorporated (GWI) officials said. Executive Director of Design of Infrastructure & Water Resources, Aubrey Roberts ...

The Guyana Press Association (GPA) and the Association of Caribbean Media Workers (ACM) said on Tuesday- World Press Freedom Day- they were worried about whether governments were using spyware to go after journalists and their sources. “On the occasion of World Press Freedom Day 2022 we urge the Guyana government to assure journalists and media houses that it does not ...

Hundreds of households on the East Coast Demerara corridor will now have access to high-speed internet and an improved calling experience with the rollout of GTT Fibre + Voice in the Enterprise Area on April 30, 2022, the company said in a statement.  GTT will be expanding its service to benefit these residents, delivering on our promise to reliably connect ...

A Partnership for National Unity+Alliance For Change (APNU+AFC) Shadow Finance Minister Volda Lawrence on Thursday promised to salvage the cash-strapped National Insurance Scheme (NIS) with 1 percent of current oil revenues, even as she and Vice President Bharrat Jagdeo traded words about which administration was responsible for the state of that social security entity. Ms. Lawrence, in a statement issued ...