Internet Radio

Economy

Guyana’s tourism sector forecasts big returns from Condé Nast Traveler’s listing

Tourism executives are banking on Guyana’s listing by Condé Nast Traveler, a premier travel magazine, as one of the top 20 places to visit next year to further boost the sector which has so far raked in more than GYD$60 billion dollars annually. Director-General of Tourism, Donald Sinclair told a domestic Regional Tourism Committee Forum that many of the ecotourism ...

Read More »

Former Jamaica PM: Time for Guyana to change law for small companies to bid for gov’t contracts; no room for corruption

Former Jamaica Prime Minister, Portia Simpson-Miller Thursday night called on Guyana to put systems in place for small businesses to benefit from the expected economic boom. In an address to the Georgetown Chamber of Commerce and Industry’s (GCCI) awards ceremony, Mrs Simpson-Miller said allowing small businesses to participate in the economy and a transparent economic process should do well for ...

Read More »

ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses; gov’t crafting Guyana local content policy

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana. Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX 2019) at the Marriott Hotel in Georgetown, ExxonMobil’s Senior Vice ...

Read More »

Spices mixed to perfection on show at GuyTIE

by Gwen Evelyn Lakiraj Singh and his three sons have carved out a special niche in the local spice market, and for a very good reason. They don’t just crunch herbs and spices into bags and churn them out for a quick payback; the Singhs’ approach is much more precise and attentive. They prepare the finest Guyanese spices by using ...

Read More »

No place for lip-service against corruption, time for action -UG best graduating student

University of Guyana (UG) 2019 valedictorian, Shane Rampertab Saturday morning issued a stirring appeal for graduates to play a major role to fight corruption as the country prepares for the start of commercial oil production next month. Addressing the first of two graduation ceremonies at the Turkeyen Campus, he said his call for an end to corruption was in the ...

Read More »

Tullow shares fall most in 21 years on Guyana oil-quality concern

Reproduced from Bloomberg Tullow Oil Plc fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells in the South American country was found to be heavy, with a high sulfur content. That’s disappointing to shareholders ...

Read More »

Guyana gets US$1.7m to mainstream low-emission energy technologies

As Guyana forges ahead with its plan for a ‘green’ state, the Government, through the Office of Climate Change (OCC), has partnered with the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) to implement a project titled the “Mainstreaming Low Emissions Technologies to build Guyana’s Green Economy,” through US$1.7 million in financing from the GEF. The grant ...

Read More »

Guyana ramps up plans for selling crude oil

Guyana’s preparations for the start of commercial oil production and lifting is moving apace and these include having a third party aboard the floating production, storage and offloading (FPSO) vessel overseeing the movement of oil, Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe said Wednesday. “It is the government’s desire to be pursuing a third-party ...

Read More »