Business

By GHK Lall The US Ambassador could not have been clearer in where, from the perspective of her responsibilities and country, the priority of interests focuses. Though couched in the careful and studied language favored by diplomats, there could – and should – be no mistaking the position of strength from which she spoke, and the thrusts embedded in those. ...

Due to the failure of the opposition People’s Progressive Party (PPP) and the Private Sector Commission (PSC) to nominate representatives to sit on an oversight committee to manage Guyana’s Natural Resources Fund (NRF), also known as the Sovereign Wealth Fund, Finance Minister Winston Jordan says government will be unable to spend the monies until after general elections. He said if ...

Reproduced from Argus Media Venezuela’s rival political authorities are trading accusations of relinquishing the country’s historical claim to a large swath of neighboring Guyana on the eve of ExxonMobil’s launch of offshore production there. Venezuela’s executive vice president Delcy Rodriguez today released what she says is a months-old tape of Vanessa Neumann, the UK envoy of opposition leader Juan Guaido, ...

As Guyanese businesses and residents in Demerara and Berbice brace themselves for more blackouts, the Guyana Power and Light (GPL) says it is getting ready to sign a power purchase agreement (PPA) with Giftland Mall, but that company’s boss, Roy Beepat, believes this is yet another stunt. “They are only coming out now because of the crisis and it makes ...

The Ethnic Relations Commission (ERC) has begun investigating a report of alleged racially insensitive remarks by Working People’s Alliance (WPA) executive member, Desmond Trotman against the Chairman of the Private Sector Commission (PSC), Gerry Gouveia. ERC Chief Investigator, former Deputy Police Commissioner Alvin Smith told Demerara Waves/News-Talk Radio Guyana that he has asked Trotman for a meeting. Gouveia has said ...

Fulbright Scholar, Dr. Norman Munroe will begin research in Guyana on preventing corrosion of pipelines in the oil and gas industry and facilitate accrediting engineering programmes at the University of Guyana, the United States (U.S.) embassy in Guyana said. That research is currently underway at Florida International University’s (FIU) laboratory. The U.S. embassy says Dr. Munroe, who is an FIU ...

The Demerara Harbour Bridge has resumed full operation following Monday’s incident involving a barge and a tug that resulted in extensive damage. “The hard working and tireless staff of DHBC have completed the realignment of the damaged bridge,” the Bridge management said in a statement. All vehicles, including laden and unladen trucks under 18 tonnes are now allowed to transit ...

Thousands of residents and businesses in Demerara and Berbice will experience another round of blackouts because the Guyana Power and Light (GPL) says it has suffered a total shortfall of 23 megawatts (MW) due to a variety of reasons. “With a deficit of approximately 23 MW, customers in Demerara and Berbice will experience periods of service disruptions. Public advisories will ...

WeLead Caribbean on Wednesday announced the inclusion of Her Imperial Highness Princess Ariana Austin Makonnen of Ethiopia as a speaker to the 3rd Annual Women’s Leadership and Business Conference, PowHERful: Transition from Inspiration to Action. This year’s event will be held on September 18th – 19th, from 9 a.m. to 4 p.m. at the Arthur Chung Conference Centre. Her Imperial ...

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 ...