Business

The Private Sector Commission (PSC) is canvassing locally-owned businesses to find out whether they are being outcompeted by numerous Chinese-owned businesses that are selling at cheaper prices. PSC Chairman, Komal Singh did not believe that a “special” wholesale price offer by a prominent manufacturer to Chinese supermarkets was dislocating locals, but said it might be linked to increased purchases. Mr ...

The Alliance For Change (AFC) on Monday called on government to prove that a study has been conducted to determine whether the construction of a new Berbice River bridge would be feasible, and if there would be any legal risk involving the existing Berbice Bridge Company. The AFC also wants an Environmental and Social Impact Assessment (ESIA) conducted before the ...

Britain’s Trade Commissioner for Latin America and the Caribbean, Jonathan Knott said he would ask his government to increase its United Kingdom Export Finance (UKEF) funding to Guyana once all of the already increased amount has been exhausted. “The first thing we’ve got to do is exhaust the limit of UK Export Finance financing. My hope is that we’re super ...

Businessman Lawrence Duprey has died, several sources close to him have confirmed to the Trinidad Express. Duprey was best known for his role as the former executive chairman of CL Financial and director at Colonial Life Insurance Company (CLICO) (Trinidad) Limited. In 2009, the Trinidad and Tobago government had initiated a multi-billion-dollar bailout of CLICO. CLICO had failed operations in ...

A man was killed and five others were injured during a drive-by shooting on Joseph Pollydore Street (D’Urban Street), Lodge early Saturday morning. Dead is Anthony Havescombe, 40, a vendor of South Ruimveldt. Police said he succumbed to multiple gunshot injuries. The injured include former policeman, Teon “Spoil Child” Allen, 38, of Sophia who has had several brushes with the ...

A natural edible coating, which was invented by a Guyanese food scientist, that will extend the shelf-life of certain types of produce will be supplied to farmers and sellers to help reduce food loss and lower consumer prices, according to a senior official of the Guyana Economic Development Fund. Invented by Guyanese Food Scientist, Tandika Harry, the preservative named BeeStarch, ...

Farmers in Region One (Barima-Waini) are getting international help to increase the production of turmeric and already a leading local company has promised to take all of the supplies, a senior official of the United States Agency for International Development (USAID) said Thursday. USAID Project Management Specialist, Durwin Humphrey said the National Agricultural Research and Extension Institute (NAREI) has “actively ...

Guyana on Wednesday inked a US$1.875 million dollar agreement to begin a high-tech multi-year mineral mapping exercise, the first since 1968, to pinpoint gold deposits and reduce the cost of prospecting, officials said. Natural Resources Minister Vickram Bharrat said the work by the United States company, Global Venture Consulting, is also aimed at finding “critical minerals” such a lithium. He ...

Opposition Leader, Aubrey Norton on Sunday said Afro-Guyanese need a vision or they would be unable to fully take advantage of government assistance. He told the 2024 Cuffy250 Annual Forum on the State of African Guyanese that the focus should not be on the government because that would give that already powerful State institution more power than it has. He ...

Six Brazilians were arrested Sunday for illegally mining at Amatuk, Potaro River, as part of efforts to clamp down on illegal mining in Guyana, the police force alleged. The Guyana Police Force said four men and two women were nabbed during a “coordinated operation” by police, soldiers and the Guyana Geology and Mines Commission (GGMC). Police said the team arrived ...