Internet Radio

Investment

Political climate dampens investors buyout of GuySuCo estates -Finance Minister

Political uncertainty, including threats to review deals, has posed a setback in the sale of several Guyana Sugar Corporation (GuySuCo) estates, Finance Minister Winston Jordan said Wednesday. “The sale of the estates has been delayed partly due to the political side because nobody is expressing interest when the opposition (People’s Progressive Party) says ‘we are going to review sales and ...

Read More »

AG Williams, Nandlall, Ramkarran differ on economic impact of no-confidence motion

Attorney General, Basil Williams on Monday sought to downplay the fallout from the now eight-month old no-confidence motion on Guyana’s business climate, even as two prominent opposition-aligned lawyers forecast a rough period. Speaking during a panel discussion organised by the American Chamber of Commerce Guyana (AMCHAM-G) on the topic “The implication of the CCJ (Caribbean Court if Justice) Consequential Orders ...

Read More »

Fly Jamaica bought out

Republished from Jamaica Observer KINGSTON, Jamaica (CMC) — A team of investors including Jamaican aviation veteran Glenn Logan, led by Yann LeProvost of the French based company W&Y SAS, has taken over the operations of the problem-plagued Fly Jamaica Airways. The new owners, who took over the reigns on Friday from Guyanese operators Paul and Roxanne Reece, have promised to ...

Read More »

Guyana’s plans to raise oil royalties could ‘diminish attractiveness’

Reproduced from Energy Voice By Allister Thomas Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis. Earlier this month the South American nation announced its intention to raise the government’s take in future oil licences. Analyst firm GlobalData said the country could raise royalties from the current 2% to 5%, but ...

Read More »

Petty city crimes no big impact on tourism – GTA Director

Director of the Guyana Tourism Authority (GTA), Brian Mullis does not believe that crime is discouraging tourists from visiting this South American nation because visitor figures continue to grow. He says most of the crime seen is petty theft in the capital city, Georgetown, and must be placed in the proper context. “I think we also acknowledge that most of ...

Read More »

Barbados wants to rear Blackbelly sheep in Guyana, Suriname

Reproduced from Barbados Today Government is exploring the possibility of rearing Barbados Blackbelly sheep in CARICOM’s two largest member states, Suriname and Guyana, as top civil servants prepare for a mission to South America next week. Paramaribo and Georgetown have offered land to Barbadian farmers for sheep rearing, said Minister of Agriculture and Food Security Indar Weir. “We are sending ...

Read More »

Caribbean economist urges governments to reduce air fares

Director of Economics at the Caribbean Development Bank (CDB), Justin Ram has slammed regional governments for the high cost of air travel and he has called on them to slash the taxes and rake in more value-added and income taxes. “What I’m saying to governments—and I go all over the Caribbean—I say to governments: ‘stop being so myopic, reduce taxes ...

Read More »

First Lady commissions ExxonMobil’s first FPSO for Guyana

First Lady Sandra Granger on Saturday commissioned the ‘Liza Destiny’, the first in a series of Floating Production Storage and Offloading (FPSO) vessels for ExxonMobil Guyana at the Keppel Shipyard in Singapore. The vessel will depart Singapore in July and is expected to arrive in Guyana in September to prepare for the commencement of oil production for the Liza Phase ...

Read More »

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 ...

Read More »