Business

Former Finance Minister Winston Jordan is insisting that government’s assistance to the agriculture sector is skewed in favour of People’s Progressive Party (PPP) supporters rather than across the board, but a senior official of the governing party accused him of race-baiting and said the evidence proves otherwise. “This $1 billion subsidy that was given last year in fertiliser subsidy was ...

Vice President Bharrat Jagdeo 0n Thursday said the United States’s Export-Import (EXIM) Bank has informed Guyana that it has received environmental and technical reports showing that the US$756 million dollar electricity and natural gas liquids plants are “sound”. “They have examined all the technical stuff. That is the drawings and everything else for the project. They have satisfied themselves that ...

Former Special Economic Advisor to the Caribbean Community (CARICOM), Dr Maurice Odle on Wednesday lamented the failure of Caribbean nations to take advantage of the 2008 European Union-CARIFORUM Economic Partnership Agreement (EPA) in order to tap into European markets. Speaking at the launch of his autobiography titled “An Eventful Life”, he said it is very hard for Caribbean services to ...

The then Divisional Commander of Region One (Barima-Waini), Senior Superintendent Himnauth Sawh is now Head of the Guyana Police Force’s (GPF) Transport Workshop. The law enforcement agency did not issue a specific release about the change of command, but Mr Sawh’s name and new responsibility was mentioned in a news release about police benefitting from a two-day procurement process training ...

Trinidad and Tobago’s state-owned National Energy Company (NEC) has raked in profits ten times its expenses of setting up business in Guyana, that twin-island nation’s Energy Minister Stuart Young said Monday. Responding to questions in the Senate, he said the company earned US$5.3 million (TT$36,262,827). He detailed that NEC earned TT$350,000 (US$51,564.) for technical services, and TT$35,912, 363 (US$5,291,298) for ...

The Guyana Lottery Company Limited (GLCL) on Friday announced the appointment of its new General Manager Kalima Ali effective from Monday, August 26, 2024. Ms. Ali is an accomplished Guyanese national and senior management professional with more than 10 years of diverse management experience. The GLCL has served its players and the people of Guyana since August 1996 operating under ...

The Venezuela’s President’s plane that was seized by the United States (U.S.) in the Dominican Republic was used on several international flights including last December’s trip to St Vincent for a meeting with Guyana’s President, Irfaan Ali on the Essequibo border dispute. The U.S. Department of Justice said Mr Nicolás Maduro’s aircraft was seized in the Dominican Republic and transferred ...

Guyanese policeman was prosecution’s witness FOX NEWS:-A New York bank manager sentenced last week to 9.5 years behind bars for a foiled murder-for-hire scheme against her brother-in-law allegedly told the would-be hitman that “rat poison can do a great job.” Reshma Massarone, a 40-year-old branch manager at Mid-Hudson Valley Federal Credit Union, plotted to kill her sister’s husband over Facebook Messenger between ...

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 ...