Business

Reproduced from ProActive Investors Eco (Atlantic) Oil & Gas Ltd has raised US$17 milion of new funds to cover its participation in a possible expansion to the exploration drilling campaign offshore Guyana. It is selling 16.1 million shares to new and existing investors at a price of 80 pence per share, only a small discount to Wednesday’s closing price of ...

The state-owned Guyana Chronicle newspaper on Thursday accepted responsibility for a mix-up in the publication of notices by foreigners who have applied to become Guyanese. “A mix-up in the computer system at the Advertising Department of the Guyana Chronicle was responsible for the incorrect names and photographs of persons seeking naturalisation status here being published recently,” the newspaper quoted Donna ...

Guyana is to receive a US$20 million World Bank loan for its Petroleum Resources Governance and Management Project to prepare the country to deal with several oil and gas risks. The loan was approved on Friday, March 29. “This Project will enhance the transparency, governance, legal, regulatory and institutional frameworks for the oil and gas sector in Guyana,” the Finance ...

Guyana is among four sugar-producing Caribbean Community (CARICOM) member nations that will be the focus of a regional study on the prospects of substituting imported refined sugar with plantation white, the Caribbean Development Bank (CDB) said Tuesday. The Barbados-headquartered financial institution says it is collaborating with CARICOM to gather evidence to decide on the future of sugar in the regional ...

Even as six more sickened persons were flown from Guyana’s North West District to Georgetown Public Hospital Corporation (GPHC) for emergency treatment, the Public Health Ministry Monday night said two of the 13 who have fallen ill so far were tested positive for leptospirosis. “While the specialists continue to work on the seven patients admitted on Saturday, results have shown ...

Cash-strapped Fly Jamaica, which has shut down operations, did not deposit a US$200,000 bond to refund passengers because it was a scheduled carrier, not a charter service, a top GCAA official said Monday. Director-General of the GCAA, Retired Lt. Col. Egbert Field told Demerara Waves Online News that his regulatory agency was not yet informed by the carrier that it ...

More than 2,000 primary and secondary school students will be groomed in how to make smart financial decisions in observance of Teach a Child to Save Day on April 12, organisers said. The initiative will be held by Outliers Zone, a financial wellness non-governmental organisation, with support from the Guyana Bank for Trade and Industry (GBTI) under the theme “Teaching ...

Health authorities were Saturday probing whether nine Chinese nationals in northwestern Guyana were suffering from a severe respiratory infection. Director of government’s Department of Public Information Imran Khan said Chief Medical Officer, Dr. Shamdeo Persaud informed that “they are investigating Severe Acute Respiratory Infection, not H1N1 specifically.” Khan said health authorities promised  to “provide a detailed report shortly”. Authorities refuted ...

…trailblazing Guyanese entrepreneur grows from strength to strength By Gwen Evelyn GEORGETOWN, Guyana — March 30, 2019 — When Guyanese entrepreneur Sherl Daniels lived in neighbouring Suriname, she noticed something that aroused her curiosity and admiration. It was a group of women with dark skin, particularly white teeth and long, beautiful hair. Sherl asked who these people were and was ...

Guyana’s private sector and President David Granger on Wednesday disagreed over the impact of the unsettled no-confidence motion on the business environment. “I do not know how valid that perception is but, as far as I’m concerned, the government has done nothing to engender any disorder or any despair in the business community so I don’t want to say whether ...