Business

Sugar production slumped by 60.4% during the first half of 2024 with production of 6,739 tonnes of the sweetener reported by the state-owned Guyana Sugar Corporation (GUYSUCO), according to the Finance Ministry’s report on the country’s economic performance from January to June. “This performance is attributed to the carried over impacts of drier-than-usual weather conditions last year into the second ...

The oil sector is continuing to drive Guyana’s double digit real gross domestic product (GDP) for a fourth straight year, with the non-oil sector registering impressive performance of 49.7%, according to the 2024 mid-year economic report. “Growth continues to be driven by expansion in the oil and gas industry, along with strong continued growth in our non-oil sectors,” Finance Minister ...

The main opposition People’s National Congress Reform (PNCR) does not owe the Georgetown City Council any rates and taxes, the party’s General Secretary Sherwin Benjamin said Friday but he declined to say whether the property is vested in a company named Maikwak Limited. “What we know is that the PNC doesn’t owe… I know that the PNCR doesn’t owe the ...

President Irfaan Ali on Friday announced that authorities were reviewing the impact of foreign exchange demands from neighbouring countries, even as he said Guyana’s economy grew by an estimated 49.7% in the first six months and is forecast to end the year with an additional percentage on its overall projection. “An evaluation by a technical team is ongoing now to ...

President Irfaan Ali on Thursday announced that crossing of the new US$260 million Demerara Harbour Bridge would be free of cost, and he said that eventually there would be no cost for crossing of the Berbice River Bridge and the Mackenzie-Wismar Bridge. He made the announcements at the commissioning of the Schoonord to Crane Highway, West Demerara, saying that the ...

There is growing uncertainty about People’s Progressive Party (PPP) General Secretary, Bharrat Jagdeo’s claim that the main opposition People’s National Congress Reform (PNCR) owes the Georgetown City Council GY$6.7 billion in rates and taxes. City Mayor, Alfred Mentore said, at his request, the City Treasurer did not find any record showing that the PNCR owes GY$6.7 billion to the municipality ...

There is growing uncertainty about People’s Progressive Party (PPP) General Secretary, Bharrat Jagdeo’s claim that the main opposition People’s National Congress Reform (PNCR) owes the Georgetown City Council GY$6.7 billion in rates and taxes. City Mayor, Alfred Mentore said, at his request, the City Treasurer did not find any record showing that the PNCR owes GY$6.7 billion to the municipality ...

The reconstructed US$161 million Linden-Soesdyke Highway would include several features aimed at improving road safety along the 72-kilometre thoroughfare which would also cater for massive increase in tonnage, officials said. Public Works Minister Juan Edghill said the first development project being funded by the Islamic Development Bank (IsDB) in Guyana, would include 2,900 street lights along the entire highway. Mr ...

A Partnership for National Unity (APNU)-controlled Georgetown City Council has approved the reduction of rates and taxes to a mere 25 percent of the valuated rate, at a time when the cash-strapped municipality could not provide many of its core services, officials said Tuesday. Several People’s Progressive Party Civic (PPPC) councillors on Tuesday publicly decried the decision, but City Mayor, ...

President Irfaan Ali on Tuesday accused the Alliance For Change (AFC) of setting the stage to scuttle the construction of a new high-span bridge across the Berbice River, a day after that party called on government to produce a feasibility study and Environmental and Social Impact Assessment (ESIA). Dr Ali did not say whether the study or assessment would be ...