Business

The Guyana Civil Aviation Authority (GCAA) on Thursday announced that Guyana scored 66.3% in an International Civil Aviation Organisation (ICAO) safety audit that examined the operations of the authority as well as privately-owned airlines. “The preliminary results revealed that Guyana achieved an overall score of 66.36% in the effective implementation of the ICAO standards. Notably, Guyana’s performance surpassed its 2007 ...

The construction of an oil refinery on Crab Island, Berbice River, is not currently feasible because of the current oil production output and shallowness of the waterway around the proposed location, Minister of Natural Resources Vickram Bharrat said Wednesday. “We will have to do a bit more assessment and allow the companies to do their assessment as well but it’s ...

Ten months after Guyana’s first ever bid round yielded six companies for eight offshore oil blocks, government on Wednesday announced that negotiations have concluded and the companies were poised to sign the production sharing agreements (PSAs) and pay the signature bonuses. The signature bonus would be US$10 million for shallow waters and US$20 million for deep waters. Natural Resources Minister, ...

-BritCham Guyana to be launched at Lord's cricket ground

Vista Services Inc. has announced that it has become the exclusive distributor of Fermax Video Access Control Systems in Guyana. “This strategic partnership marks a significant milestone in our commitment to providing cutting-edge security solutions for households and businesses across the country,” VSI said in a statement. Under the leadership of Managing Director Orson Ferguson, Vista Services Inc. said it ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarians and Agriculture Minister Zulfikar Mustapha on Friday clashed over government’s request for parliamentary approval of GY$4 billion that was spent on the ailing sugar industry. Mr Mustapha, in response to APNU+AFC’s Khemraj Ramjattan, said GY$397 million was spent on fuel for irrigation, GY$81 million on other aspects of drainage ...

Guyana continues to take numerous steps to convince the United States Department of Agriculture (USDA) that the now six-year-old ban on catfish exports should be lifted, officials said Wednesday. Chief Fisheries Officer of the Ministry of Agriculture, Denzil Roberts said Guyana’s relevant fisheries regulations and inspection manuals have been updated. US Ambassador to Guyana, Nicole Theriot said Wednesday that Guyana ...

Prospective hemp cultivators would soon get the opportunity to apply for licences to do so, as Minister of Agriculture Zulfikar Mustapha on Tuesday said the Industrial Hemp Regulatory Authority would be appointed in the coming weeks. He said the names of the intended board members would be taken to Cabinet “very shortly” and the Board would be established. “I’m hoping ...

Small rice farmers will be provided drone services by the Guyana Rice Development Board (GRDB) to assist them in increasing and improving the quality of the grain, through assistance from the Food and Agriculture Organisation (FAO) and China, officials said Tuesday. Agriculture Minister, Zulfikar Mustapha said the drone service would be provided to the farmers free of cost to aid ...

More than one year after Guyana passed the Industrial Hemp Act, players in the infant sector are hopeful that a licensing board would soon be appointed to regulate the industry and make way for large-scale commercial cultivation. The Industrial Hemp Bill was approved by the National Assembly on August 8, 2022 and signed into law on September 11, 2022. High-level ...