Business

Thousands of Guyanese are Monday morning – the first day of school for the new school year – will be inconvenienced due to the closure of the Demerara Harbour Bridge. The management of the bridge says that’s because a tug and a barge collided with the bridge. A car that was crossing the East-West river corridor stuck immediately after the ...

Co-Chairman of the American Chamber of Commerce- Guyana (AMCHAM-G), American Ambassador to Guyana Sarah-Ann Lynch on Saturday cautioned that recent concerns about local content could erode Guyana as an attractive investment destination. “For example, some recent suggestions about local content policy in Guyana may send a signal that some investors as well as the employment and know-how benefits they bring ...

Three of seven former officials of the Guyana Rice Development Board (GRDB) and the Ministry of Agriculture were Friday freed of fraud charges totalling GYD$362 million, and already defence lawyers are asking the Magistrates’ court to dismiss similar charges against the four others. Freed are former GRDB Director, Nigel Dharamlall, then Deputy Permanent Secretary of the Ministry of Agriculture, Prema ...

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday. The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”. After clearing customs, the ...

The Guyana Telephone and Telegraph Company (GTT) says it has awarded 11 bursaries to children of its employees who performed exceptionally well at this year’s National Grade Six Assessment (NGSA). “It is a great honour to give back to our employees and their children. I encourage you all to continue doing your best to maintain good grades,” GTT’s Director of ...

More than 100 primary and nursery school pupils from the Crabwood Creek and Moleson Creek areas in Berbice were outfitted with back-to-school gears for the new school term on Saturday, August 23 at the Crabwood Creek Community Centre popularly referred to as “ballfield”, the bank said Monday. The Guyana Bank for Trade and Industry (GBTI) says its Corriverton Branch partnered ...

More than 100 American Airlines (AA) passengers bound for the United States (US) were forced to remain in Guyana after raised runway lights slit the plane’s tyres, sources said. “The aircraft was taxiing out for takeoff. During the turn at the end of the runway the wheels struck the raised lights on the taxi way,” the source told Demerara Waves ...

Political uncertainty, including threats to review deals, has posed a setback in the sale of several Guyana Sugar Corporation (GuySuCo) estates, Finance Minister Winston Jordan said Wednesday. “The sale of the estates has been delayed partly due to the political side because nobody is expressing interest when the opposition (People’s Progressive Party) says ‘we are going to review sales and ...

Finance Minister, Winston Jordan on Wednesday projected a 4.5 percent growth in Guyana’s economy for this year, five straight years of continuous growth compared to the Bharrat Jagdeo-led administration. Speaking at the presentation of the 2019 mid-year report, he said this year’s growth rate has been revised again. Originally, the projection was 4.6 percent but that was adjusted downward to ...

Former Foreign Minister Carl Greenidge has confirmed that the Guyana government does not favour direct cash transfers into the hands of ordinary Guyanese on the grounds that it will encourage unemployment, a position that was roundly rejected by Chairman of the Buxton First of August Movement (FAM-Buxton), Professor David Hinds. “I don’t know that one can give a definitive answer ...