Business

The main opposition People’s National Congress Reform (PNCR) on Friday sought to assure Guyanese of the law governing procurement to guarantee the opposition a seat on the National Procurement and Tender Administration Board (NPTAB), a day after the incumbent People’s Progressive Party (PPP) refused to do so. “I want to give a commitment here and now to the people of ...

The United States’ Export Import (EXIM) Bank on Friday confirmed that its board has approved a just over US$500 million loan for Guyana’s gas-to-energy project, despite the opposition Alliance For Change earlier in the day challenging the accuracy of Vice President Bharrat Jagdeo’s announcement. “Yes. The Board approved this transaction to notify congress. Once the 35-day congressional notification period ends, ...

Vice President Bharrat Jagdeo on Thursday categorically ruled out political opposition representation on the National Procurement and Tender Administration Board (NPTAB) which decides on the award of contracts. He said the Executive would not allow its work to be frustrated by a “negative and obstruction” opposition because government has to be accountable to the electorate. “It is something we will ...

The Board of the United States’ Export-Import (EXIM) Bank has approved a just over US$500 million loan for the gas-to-energy project at Wales, West Bank Demerara, with final approval expected at the end of a 30-day notification to the US Congress, Vice President Bharrat Jagdeo said Thursday. Originally, Guyana had applied for US$660 million to help finance the construction of ...

Finance Minister Dr Ashni Singh on Tuesday appealed to commercial banks to comply with a Bank of Guyana directive to use the simplified due diligence (SDD) requirement for opening bank accounts that would attract monthly deposits of GY$500,000 or less. “It would appear to me that this simplified guideline is not well-known,” he said. Dr Singh said Guyanese should not ...

Governor of the Bank of Guyana, Dr Gobind Ganga on Tuesday virtually ruled out allowing the routine opening of US dollar accounts at commercial banks here by anyone, saying that could put the country’s foreign reserves at risk. Told that the Jamaica Central Bank on Monday hailed the fact that people there were being allowed to freely open foreign exchange ...

The Suriname-Guyana Chamber of Commerce (SGCC) is about to submit a feasibility study to both countries to take over the management and operations of the Canawaima Ferry Service and offer more daily trips across the Corentyne River, SGCC Chairman Dr Vishnu Doerga said Tuesday. While there are four to six flights between Guyana and Suriname, Mr Doerga said the return ...

The way is now clear for airlines to ply the Guyana-Bahamas route, with the signing of an open skies Air Services Agreement between the two countries, the Public Works Ministry said Tuesday. Under the agreement, which was signed on Monday, the aim is to also promote travel with other countries. “At present, there are no direct flights between Guyana and ...

Ordinary Guyanese, including people involved in various types of businesses, will soon be able to access high-quality government data that would assist them to make decisions or create new tools for planning and development following Monday’s parliamentary approval of the Open Data Bill. Government said the Open Data law would provide for the gathering and provision of a wide variety ...

Reproduced from Starnieuws Every Surinamese will receive a share in royalties of US$750 with an interest of 7% per year, President Chan Santokhi announced on Monday at a reception. The positive impact of the final decision of Total Energies has had an enormous positive impact. “We must now translate that positive impact into opportunities for our own people. There are ...