Business

Guyanese authorities have dismantled a tunnel mining operation in the New River Basin where such activity is prohibited because it is rare earth reserve, the Guyana Defence Force (GDF) said in a statement. No one was arrested, but the army believes that the operation was being supported from an illegal airstrip in about two miles south of the Guyana-Brazil border.  ...

The United States government-run bank, the International Development Finance Corporation (DFC), is confident that American businesses would win bids to build energy and other major infrastructural projects in Guyana and Suriname, despite competition from China, its Chief Executive Officer Adam Boehler said Tuesday. He was confident that American companies would get the edge over their Chinese counterparts to build huge ...

Guyana and Suriname will next month sign an agreement to build a bridge across the Corentyne River. Officials say the signing will take place when President Irfaan Ali visits Suriname for that country’s Independence Anniversary on November 25. Guyana’s Public Works Minister Juan Edghill and Suriname’s Public Works Minister Dr Riad Nurmohamed on Saturday planted their country’s flags on Long ...

Agents of Guyana’s Customs Anti-Narcotics Unit (CANU) Wednesday night seized 150 pounds of marijuana and arrested a crew of three Guyanese and three Barbadians, Head of CANU James Singh said Thursday. He said no cocaine was found aboard the vessel named CV1 which transports mostly agricultural produce. Dried coconuts were also found aboard the vessel that was moored alongside a ...

Digicel and the Guyana Telephone and Telegraph Company (GTT) on Tuesday said they were ready to vastly improve connectivity now that the country’s telecommunications sector has been formally liberalised with government’s full activation of the 2016 Telecommunications Act. Digicel said it was getting ready to bring a new era of connectivity and opportunity to the people of Guyana on the ...

Prime  Minister Mark Phillips late Monday night announced that Guyana formally broke the Guyana Telephone and Telegraph’s 30-year old monopoly on international voice and data, paving the way for fierce competition in the telecoms market ranging from cheaper phone calls to higher quality Internet and several other related services. “It is anticipated that Guyanese will feel an immediate positive impact ...

Suriname’s President Chandrikapersad Santokhi says the bridge across the Corentyne River will be built within five years with financing through a public-private partnership between Guyana and Suriname. “There are financiers ready, but we have to prepare well and go through the file carefully so that we do not make mistakes with matters that were agreed in the recent past,” he ...

In the wake of a sick out by several nurses of the Georgetown Public Hospital for increased salaries and COVID-19 risk allowances, Attorney General and Minister of Legal Affairs Anil Nandlall on Friday said COVID-19 patients could die and he warned the Guyana Public Service Union (GPSU) that if the industrial unrest continues people could be charged and workers could ...

Vice President Bharrat Jagdeo on Friday announced that Guyana would next week be formally liberalising the telecommunications sector, four years after modern legislation was passed, marking the end of a more than 30-year old monopoly on international voice and data. “Liberalisation is a promise that we made a long time ago. Both parties agreed to this and we need to ...

Health  Minister Dr. Frank Anthony on Thursday said when Guyana’s two international airports reopen to regular flights later this month, passengers would not be allowed to board flights unless they have a negative PCR test for COVID-19, and they might be required to take a second test on landing. Dr. Anthony said ideally PCR tests should be done within 72 ...