Business

President Irfaan Ali on Friday announced that Guyana’s major Online marketplace, www.stabroekmarket.com , would be launched before yearend and would offer even products by small-scale businesses to the rest of the world. Addressing the formal opening of the multi-million dollar Amazonia Mall at Providence, East Bank Demerara, he said the Online store would showcase Guyanese goods. “We are also working ...

In a judgment released on Thursday the Caribbean Court of Justice (CCJ) dismissed the appeal of the Trust Company (Guyana) Limited in the matter of Trust Company (Guyana) Limited v Guyana Securities Council [2021] CCJ 11 (AJ). The Court affirmed the orders of the Guyana Court of Appeal. The CCJ heard the appeal on 20 April 2021. The Guyana Securities ...

The Guyana government said minibus speedboat operators must prove that they are vaccinated, in keeping with the latest COVID-19 guidelines, before they could be allowed to operate. “In order to transport members of the public, every operator and conductor of any public transportation service shall be vaccinated,” state the guidelines that take effect on August 1. Further, the Minister of ...

Owners of casinos, betting shops, cinemas and restaurants will from August 1, 2021 have to ensure that all patrons show proof that they have been vaccinated before they are allowed entry, the latest COVID-19 guidelines published in the Official Gazette state. From August 1, 2021, the guidelines mandate operators of casinos, betting shops and cinemas to ensure that there is ...

The ExxonMobil-led consortium is expected to increase its production from the Liza-1 well after a new flash-gas compressor system is installed during the last quarter of this year, even as the co-venturers prepare to drill more exploration wells in the coming months, Hess Corporation announced on Wednesday. Hess, which  has a 30 percent stake in the Esso Exploration and Production ...

A Britten-Norman Islander plane was Wednesday afternoon  damaged in an incident on the Aricheng runway in Region Seven (Cuyuni-Mazaruni), officials said. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col, Egbert Field said the plane belonging to Roraima Airways was involved in a runway excursion during take off at about 4:15 PM. He said no one was injured ...

ExxonMobil  on  Wednesday said it made a discovery at Whiptail in the Stabroek Block offshore Guyana, pushing this country’s resource estimate pass the current amount of 9 billion barrels of oil equivalent. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has ...

Two months after Guyana’s inaugural Diaspora conference, one of the stakeholders has complained bitterly to President Irfaan Ali about the last minute cancellation of a series of  investment webinars that should have started earlier this month. In a letter to Dr. Ali, the President United Guyanese Diaspora Global Network Corp (UGDGN), Wayne Forde said the attitude following the May 22, ...

Nationals of Trinidad and Tobago must be fully vaccinated and must have a negative PCR test before they are allowed to enter Guyana, Aviation Minister, Juan Edghill said on Sunday. “Trinidadian nationals requite both doses of their vaccines and a negative PCR and once they have that, when they come to Guyana, they are good to go; no need for ...

Projecting that he Guyana Power and Light (GPL) will require at least 465 megawatts of electricity by 2025, the Guyana government has taken steps to revive plans to construct the Amaila Falls Hydropower station. The Prime Minister’s office has issued a request for proposals, stating that government hopes that construction of the hydropower station will begin in 2022 and will ...