Business

Even as United States Secretary of State Mike Pompeo stressed that State-owned enterprises are not the best fit for development, President Irfaan Ali said a deal with the United States to promote the private sector does not lock out China’s investments through the Belt and Road Initiative. “There is no counter to anything. We are open to investment all over. ...

The Guyana Water Incorporated (GWI) owes the Guyana Power and Light (GPL) owes GYD$7 billion over the past two years and the power company hopes that the now more than one-month old Irfaan Ali-led administration would help to pay off some of that debt, a senior GPL official said Thursday. GPL’s Divisional Director of Finance Loris Nathoo told a Public ...

The Food and Agriculture Organisation (FAO) is funding a GYD$6 million study on whether it is feasible for Guyana to establish a Consolidated Log Yard (CLY) from which only legally produced timber would be sold on the local and international markets. “The establishment of any CLY should have as its intended purpose to improve growth within the forestry sector in ...

Technicians of the Guyana Telephone and Telegraph Company (GTT) were Wednesday working feverishly to restore Internet, landline and mobile phone services to the West Coast Demerara, a company spokeswoman said. She said the service has been down since 8 O’clock Tuesday night. The telecommunications company said it suspects sabotage of the submarine cable between Craig, East Bank Demerara and Vriesland, ...

ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block, a development that has been welcomed by the Guyana government. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing ...

Police Monday night fired teargas and pellets to disperse people on the West Coast Berbice public road, saying that two days of protests against the barbaric killing of two cousins have descended into robberies and other attacks on innocent people. “After several hours of the roadway being blocked, the police had no alternative but to take all necessary action to ...

President Irfaan Ali on Monday announced that government would be reversing Value Added Tax on Electricity and water and medicines. Vice President Bharrat Jagdeo said the total relief to people and businesses would be more than GYD$40 billion annually. He also said VAT on private education and private health care would be removed as well as corporate tax on private ...

Dr. Balwant Singh’s Hospital on Sunday it has informed all who may have been in contact with Dr. Seepersaud Chatterdeo who died of the Coronavirus and has since quarantined all staff members who had been in contact with him. “To protect our patients and staff we have informed all who may have been in contact with him to remain vigilant ...

The retractor span at the Demerara Harbour Bridge has developed major problems and officials say after Sunday morning at 8:30, marine traffic will be unable to pass for “a few days.” The Ministry of Public Works said the bridge would be retracted under the supervision of engineers to allow marine traffic to pass. “After this opening, marine traffic will be ...

Health Minister Dr. Frank Anthony said Guyanese experts would be holding talks with Russian officials about a  COVID-19 vaccine that is now entering stage three trials, even as the country prepares to next week use a generic version of the antiviral drug, Remdesivir, to treat critically ill patients. Dr, Anthony said there has been no decision to buy or commit ...