Business

A section of Guyana’s business community has reacted sharply to United States Ambassador, Sarah-Ann Lynch’s warning that recent chatter about local content may scare away foreign investors. Senior Vice President of the Georgetown Chamber, Timothy Tucker indicated that Ms. Lynch is an American public servant who was merely representing her country’s business interests. Mr. Tucker says nothing is wrong with ...

The Demerara Harbour Bridge (DHB) will be reopened to cars, minibuses, motorcycles and small canters from 6 pm Tuesday evening, the Minister of Public Infrastructure said. While the General Manager of the Bridge Corporation, Rolston Adams declined to state a fixed date when marine retraction will be allowed, he said that retraction would resume once systems are in place to ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday said its planned Business Development Forum would be geared to helping small businesses find other sources of financing. Senior Vice President of the GCCI, Timothy Tucker says that’s because interest rates at commercial banks are very steep compared to crowd-funding, boot-strapping and equity. “Apart from electricity costs in manufacturing, is ...

Scheduled garbage collection in Guyana’s capital, Georgetown has been disrupted as a result of the damage to the Demerara Harbour Bridge. The Georgetown City Council says that’s because Puran Brothers is based in Region Three (West Demerara). Areas now experiencing a build-up of uncollected garbage are Kitty, Subryanville and the commercial district of Central Georgetown. City Hall says it is ...

Minister of Public Infrastructure, David Patterson said works on the severely-damaged Demerara Harbour Bridge (DHB) would be completed by the latest Tuesday morning, allowing for the resumption of light traffic flow across the Demerara River. The minister gave an update on the situation at the DHB Monday morning on Guyana’s national, state-owned television and radio broadcasting corporation, National Communications Network. ...

A sprawling 700-acre agricultural estate, operating under the name Pomeroon Trading, is set to become the third Guyanese company to be listed on the Guyana Stock Exchange in 10 years. Company Advisor, United Kingdom parliamentarian, David Lammy, says the company is about to sell more than 130,000 shares at US$7.50 per share to any new investor. “Pomeroon Trading will be ...

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 ...