Business

Guyana on Thursday welcomed the United States’ (US) decision to lift its sanctions on UC Russian Aluminium (RUSAL), the majority owner of the Aroaima-based Bauxite Company of Guyana Inc. (BCGI), suggesting that workers would not lose their jobs. “The Government of Guyana and the Ministry of Natural Resources are cautiously optimistic, and happy, with this recent development of the matter ...

The Lands and Surveys Commission (GLSC) has begun plans to map Guyana properly for the first time since the 1960s to assist government and the private sector about land use and mineral deposits, GLSC Commissioner and Chief Executive Officer, Trevor Benn said. Benn said Region One (Barima-Waini) would be the firs to be mapped, a process that could take at ...

The Guyana Lands and Surveys Commission (GL&SC) will be opening up some 6,000 acres of state land for residential, commercial, industrial and agricultural purposes in Region 4. GLSC’s Commissioner and Chief Executive Officer (CEO), Trevor Benn, in making the announcement, said the move would see Guyana advancing to the 21st century in infrastructure that will encompass better roads and sidewalks, green spaces and a mix of ...

Small businesses in Guyana will from January 1, 2019 be able to access 20 percent of government contracts for  goods and services, even as government’s Small Business Bureau said they would be screened to avoid big companies from setting up small businesses to front for them. Chief Executive Officer of the Small Business Bureau, Dr. Lowell Porter said long-established small ...

The Government Analyst-Food and Drug Department (GA-FDD) on Friday announced the recall of Del Monte Fiesta Corn “due to under-processing which poses a life threatening risk to consumers.” “More than 60,000 cases of Del Monte’s Fiesta Corn Seasoned with Red & Green Peppers are being recalled because the ingredients weren’t adequately processed,” the Guyanese agency said, adding the move was ...

The Caribbean Development Bank (CDB) on Friday announced the launch of a new fund to provide financial support and stability for the Region’s cultural and creative industries in Guyana and other borrowing member-nations. The Cultural and Creative Industries Innovation Fund (CIIF) will provide grants for innovative projects within the creative industries sector. It was established with an initial US$2.6 million contribution from ...

P&P Insurance Brokers on Friday announced an increase in its annual donation to senior citizen, children homes and other non-governmental charitable organisations. The insurance company handed out a total of GYD$1.5 million to 12 organisations at its annual presentation function held on Friday, 14th December, 2018 at its new office located at 272/273 Lamaha Street, North Cummingsburg, Georgetown. The presentation this ...

Guyana’s Maritime Administration (MARAD) is working towards the removal of wrecked ships and boats especially those in and around the Georgetown harbour where an upsurge in marine traffic is expected, a top official of that government regulatory and safety agency said Thursday. Director-General of MARAD, Claudette Rogers told Demerara Waves Online News that, talks were underway with Guyana’s lone salvor ...

Guyana’ maritime training institute MatPal and TOTALTEC Academy on Thursday announced they have teamed up to form the Maritime Safety Training Institute (MSTI), to offer state-of-the-art maritime and safety related training programmes. MatPal’s CEO Colleen Abrams told Demerara Waves Online News that even as the her entity and TOTALTEC “actively” pursue accreditation from the National Accreditation Council (NAC), the institute’s courses ...

Opposition Leader, Bharrat Jagdeo is painting a bleak economic picture for Guyana, saying that the US$300 million annual oil revenues would be insufficient to guarantee improved standards of living from 2020. Addressing the Georgetown Chamber of Commerce and Industry’s (GCCI) annual awards ceremony held Wednesday night at the Marriott Hotel, the former Guyana President forecast that the country was not ...