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Economy

Investors walking away from “scrap iron” sugar estates -Finance Minister

Finance Minister, Winston Jordan says investors have been walking away from buying any of the four shuttered sugar estates, an indication that Opposition Leader Bharrat Jagdeo is fooling supporters that the People’s Progressive Party (PPP) will reopen them if his party wins the next general elections. “How you are going to open back those four estates that is scrap iron ...

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Ghana to help Guyana’s energy sector

Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the media after Akufo Addo was conferred with Guyana’s national award, the Order of Excellence by President David Granger, Harmon said the technical assistance cooperation would be provided free of cost. “This is very important ...

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‘No oil blocks investigator contacted me’; probe will prove deals above board – Former Natural Resources Minister

Former Minister of Natural Resources, Robert Persaud on Sunday said no government investigator has questioned him concerning the issuance of oil concessions and he and members of the then People’s Progressive Party Civic (PPPC) administration were not worried about an independent probe. Officials of the State Assets Recovery Agency (SARA) less than one month ago caused quite a stir locally ...

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Three-year tourism fund paying dividends

A three-year-old Tourism Development Fund (TDF) has raked in almost GYD$5 million that has been used in a couple of areas to help boost Guyana’s tourism product, but large hotels are yet to clear a hurdle to begin contributing to the vital cash source, President of the Tourism and Hospitality Association of Guyana (THAG) Mitra Ramkumar said Friday. The TDF ...

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Occupational safety visits to Guyana offshore drill-ships too costly for Labour Department to conduct

The Labour Department cannot afford the money to inspect oil exploration vessels offshore Guyana to ensure they are complying with the country’s occupational safety and health laws, Labour Department Consultant Francis Carryl said Friday. “When we can afford to go out there, we will go to see exactly what is happening and I doubt whether we can go more than ...

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Rose Hall estate may be sold to Ghana-India-Guyana consortium; GuySuCo fails on vital information to NICIL

An Indian-Ghanaian-Guyanese consortium is likely to buy out the Rose Hall sugar estate, the first of three that is on the selling block, government’s holding company of state assets announced Monday. Officials said they hoped to seal the deal by July, 2019. Head of the National Industrial and Commercial Investments Limited’s Special Purpose Unit (NICIL-SPU), Colvin Heath-London said the consortium ...

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Gov’t moving ahead with sale of closed sugar estate lands – Harmon

Government was preparing to sell off huge swathes of land owned by the Guyana Sugar Corporation (Guysuco) as part of moves to sell off the several loss-making estates, even as the administration prepared to revive interest in the ‘for-sale’ assets by local and foreign investors, Director-General of the Ministry of the Presidency, Joseph Harmon said Friday. “I can say to ...

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Trinidad bans raw and cooked poultry meat from Guyana

Minister of Agriculture Clarence Rambharat has advised that raw and cooked poultry meat from Guyana has been banned from entry into Trinidad and Tobago with immediate effect, Loop TT reported Friday. “As a precaution the Ministry’s Chief Veterinary Office has notified the Customs and Excise Division of an immediate ban on raw and cooked poultry originating from Guyana. While Guyana ...

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