Business

Guyana’s rapidly emerging oil sector continues to drive the country’s economic growth, with the Finance Ministry forecasting  an overall 19.5 percent Gross Domestic Product (GDP) for 2021. According to the Mid-Year Report, which is to be presented to the National Assembly, non-oil GDP will be 3.7 percent. Already, for the first half of this year, GDP is 14.5 percent and ...

The Food and Agriculture Organisation (FAO) on Monday said it was ready to support Guyana’s agriculture proposal for the wider Caribbean Community (CARICOM). The announcement was made by FAO’s Assistant Director General, Julio Antonio Berdegué in his address to the opening of Caribbean Week of Agriculture 2021. Recalling President Irfaan Ali’s proposal on agricultural diversification and food security, to colleague ...

Guyana is among several Caribbean Community (CARICOM) member states that on Monday inked a declaration to combat Illegal, Unreported and Unregulated (IUU) fishing, even as the region prepares to tap into assistance from Norway to tackle the scourge that experts say is linked to a range of other transnational crimes. The Declaration would, among other things, see Guyana and sister ...

Reproduced from Reuters MOSCOW, Oct 2 (Reuters) – All the barriers to register Russia’s Sputnik V COVID-19 vaccine with the World Health Organization (WHO) have been cleared and only some paperwork remains to be completed, Russian Health Minister Mikhail Murashko said on Saturday. The Sputnik V shot, widely used in Russia and approved for use in over 70 countries, is ...

Reproduced from The Hill A New York federal judge declined to dismiss musician Eddy Grant’s lawsuit against former President Trump for using his song “Electric Avenue” in a video posted to Twitter last year, the Hill reported on Wednesday. U.S. District Judge John Koeltl issued an order on Tuesday denying Trump’s motion to dismiss the suit, finding that the defendant failed ...

The Guyana Telephone and Telegraph Company (GTT) on Wednesday announced that it has extended its data rollover expiration from one hour to 24 hours. However, the telecoms provider said customers would be unable to access the remaining data until they have subscribed for a new plan within the 24 hour period. “Prepaid mobile subscribers who have not exhausted their mobile ...

The Pan-American Health Organisation (PAHO) on Wednesday said there is no need to impose the need for a second COVID-19 vaccine and would amount to a “barrier” to the movement of persons, in the wake of concerns by Guyana and the rest of the Caribbean Community (CARICOM). PAHO’s Assistant Director, Jarbas Barbosa said there is no proof that the mixing ...

Digicel on Wednesday announced that it  has inked a deal with the France-based major international telecoms provider, Orange, to build a submarine fibre-optic cable that would link French Guiana, Suriname, Guyana and,  Trinidad and Tobago and provide service to the rapidly emerging oil sector. “Recognising the opportunity to supercharge connectivity in this area of the Caribbean and Latin America, Deep ...

President Irfaan Ali is relying on the success of a pilot project for large-scale cultivation of corn and soya bean to diversify the ailing State-owned Guyana Sugar Corporation (GUYSUCO) President Ali also pointed out that the project will give the Government the chance to diversify the Guyana Sugar Corporation (GUYSUCO). “We are already discussing how we can expand this partnership ...

ExxonMobil’s local subsidiary was Monday added as a defendant in a case brought by two Guyanese who are asking the Guyana High Court to order the closure of that American supermajor’s operations here because of its impact on the environment. Justice Frank Holder, after hearing submissions by lawyers for Dr. Troy Thomas and Quaddad De Freitas, decided that Esso Exploration ...