Business

Demerara Distillers Limited (DDL) on Monday joined the family, friends, nation, and international community in mourning the loss of its former Chairman, Dr. Yesu Persaud. “He lived a life which brought to the fore the best possibilities which often were invisible to others. His revolutionary initiatives quite often challenged convention but were extraordinarily successful as is evidenced by what DDL ...

The Guyana Fire Service on Monday said the building that housed the La Parkan and Tropical Shipping bonds had no fire fighting equipment “In this particular instance the facility did not have any means of fire prevention. There were no smoke detectors, fire extinguishers or fire hoses installed in the building,” the Fire Service said. The cause of the fire ...

An early Monday morning fire destroyed the La Parkan bond on Lombard and Broad Streets, Georgetown, destroying millions of dollars in imported goods as well as the facility itself, officials said. The cause of the blaze at the decades-old metal facility was not immediately known. Many vehicles were destroyed and the contents of a number of shipping containers were also ...

Well-respected and renowned Guyanese business and cultural icon, Yesu Persaud died early Monday morning, hours after he was discharged from hospital. He was 93 years old. “Guyana has lost an outstanding soul in Dr. Yesu Persaud, a true son of the soil. It is with great sadness I learnt, moments ago, about his passing,” President Irfaan Ali said on his ...

Governing People’s Progressive Party (PPP) parliamentarian and Attorney-at-Law, Sanjeev Datadin on Thursday night dismissed concerns by the Caribbean Private Sector Organisation (CPSO) that Guyana’s Local Content law seemed to violate regional free trade rules. Mr. Datadin said the Local Content Act does not prohibit nationals from sister CARICOM member-nations from working in Guyana’s oil and gas sector but merely concretises ...

The Chairman of the Beharry Group of Companies, Suresh Beharry on Thursday said he supports Guyana’s local content legislation but would be willing to facilitate talks between the Caribbean Private Sector Organisation (CPSO) and the Guyana government to address concerns about the likely violation of regional free trade rules. “Mr. Beharry supports Guyana’s Local Content legislation; in particular, as it ...

The Caribbean Private Sector Organisation (CPSO) is objecting to Guyana’s recently-passed Local Content legislation on the grounds that it seems to violate the Caribbean Community’s (CARICOM) free trade rules, a position that has prompted the President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker to call for Guyana to leave the regional single market. CPSO President, Gervase Warner ...

President Irfaan Ali on Tuesday launched an Agriculture and Innovation Entrepreneurship Programme that promises to generate millions of dollars and create jobs through shade house techniques. Dr. Ali said the project envisages government initially providing 25 shade houses and up to 300 in the medium to long term. Roughly calculating the projected revenue, he singled out cauliflower, broccoli and carrots as ...

The Caribbean Community (CARICOM) headquarters will soon be providing solar-generated electricity to Guyana Power and Light (GPL), Secretary General Carl Barnett announced on Tuesday. She was speaking at the official commissioning of a 400 kilowatt  solar photovoltaic power generation plant and battery power conditioning system in the compound of the CARICOM headquarters at Liliendaal, Greater Georgetown. “This PV power generation ...

The Roraima Airways pilot of the Britten-Norman Trislander that he landed in a swampy area near the Haags-Bosch landfill site last year has been suspended, officials said Monday. Speaking at a press conference organised by the Ministry of Public Works, the Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col. Egbert Field said the pilot has been suspended. ...