Business

Remaining stalls outside Muneshwer’s Store on Water  Street, Stabroek were Sunday demolished and taken away in keeping with a High Court order that was secured by that company, City Mayor Alfred Mentore said. ” The talks surrounded the agreed extension which went past the 15th January and our planned action by the City’s engineers dept to enforce the Order of ...

Banks DIH Limited on Saturday voiced a number of concerns about the way the shares of public companies here were being traded on the Guyana Stock Exchange (GSE), saying that its despite developments in the company the share value has not been increasing. “We are able to develop this company with all this capital works without borrowing and selling shares. ...

Chairman and Managing Director of Banks DIH, Clifford Reis on Saturday said that after failed efforts with the Georgetown City Council to remove vendors from outside Demico, Stabroek, the company would be moving to the High Court to seek redress. He told the hundreds of shareholders that over the years their company had made numerous efforts to remove the vendors ...

Opposition Leader Aubrey Norton on Friday pitched support for Guyana’s manufacturing sector by citing the need for policies to ramp up output and increase access to foreign exchange. “The government is advised to establish a broad-based Task Force on new industries and services to ascertain which industries and services should be developed having discussed and formulated policies and programmes based ...

The United States Agency for International Development (USAID) on Wednesday officially launched the Caribbean Agricultural Productivity Improvement Activity (CAPA), a programme that aims at increasing food security efforts, while strengthening the livelihoods of farmers locally. A Memorandum of Understanding (MoU) was also signed by UG’s Vice Chancellor, and Improving Economies for Stronger Communities (IESC) CAPA’s Programme Director, Sandford Edwards, to ...

The Foreign Ministers of  Guyana and Venezuela would be meeting in Brazil on Thursday in keeping with an accord reached in St Vincent a month ago between President Irfaan Ali and his Venezuelan counterpart, Nicolas Maduro. “The meeting is a very important step in fulfilling what we agreed on in St Vincent and that was the establishment of this commission ...

Just under a dozen Afro-Guyanese organisations have deemed President Irfaan Ali a “racist” in its quest to convince the the Ghana-headquartered African Prosperity Network (APN) to rescind the “Global Africa Leadership Award” President Irfaan Ali, but the Guyanese leader on Wednesday lashed back at critics, denying that his administration has been discriminating against Afro-Guyanese. “For APN to bestow an award ...

Minister of Natural Resources, Vickram Bharrat on Tuesday said he was very confident that Guyana would recover from a seven-year decline in gold production with new the discovery of deposits by several foreign exploration companies, even as preparations have started for a more than GY$400 million mineral survey this year to assist in efficient allocation of gold bearing areas. Mr ...

The opposition coalition of A Partnership for National Unity+Alliance For Change (APNU+AFC) on Monday decried the People’s Progressive Party Civic (PPPC)-led administration’s  refusal to fund the University of Guyana (UG) adequately. During day one of debate on the 2024 National Budget, Education Minister Priya Manickchand sought to assure Guyanese that the publicly-funded tertiary institution would continue to receive monies from ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Roysdale Forde on Monday forecast that government spending for 2024 would far exceed the budgeted GY$1.1 trillion because government would continue the trend of bringing financial papers for large amounts of money during the year. He said the resort to seeking parliamentary approval during the year for more funds could ...