Business

Brazil’s Minister of Mines and Energy (MME), Alexandre Silveira de Oliveira, told CNN after his participation in CNN Talks, this Monday, June 3, that Brazil should mirror the speed with which Guyana began its exploration in the Equatorial Margin. Mr Silveira was asked about a statement, on the 27th, in which he said that Guyana would be “sucking the riches ...

Attorney General Anil Nandlall has told the Caribbean Financial Action Task Force (CFATF) that Guyana would next week amend its extradition laws to allow for “easy” extradition of persons to and from the United States (US). “Next week we will enact a slew of amendments to our extradition laws which will make it easier for extraditions to take place from ...

The future is here with best-in-class connectivity to French Guiana, Suriname, Guyana and Trinidad & Tobago Kingston, Jamaica – Tuesday, June 4, 2024 – Digicel Group on Tuesday announced the activation of its subsea fibre cable, Deep Blue One. The company said that “significant investment” in international submarine capacity will supercharge connectivity across the Caribbean and South America, particularly benefiting ...

Guyana is preparing to boost the production of Vannamei prawns for export, with financing from US$100 million that have been set aside by a Trinidad-headquartered bank to develop agriculture in the 15-nation Caribbean Community (CARICOM), Agriculture Minister, Zulfikar Mustapha has said. He said the aim is to produce 3,960 tonnes of prawns annually for export to the United States and ...

As part of the government’s drive to ensure engineers executing public works are held accountable, the Engineer’s Bill will soon be tabled in the National Assembly, government’s Department of Public Information reported on Sunday. Minister of Public Works, Bishop Juan Edghill, made the disclosure during a workshop at the Marriott Hotel in Kingston, Georgetown, on Thursday. “Very soon, I’ll be ...

The El Salvador-headquartered UNICOMER, which owns the chain of COURTS stores in Guyana and elsewhere, is building a US$33 million retail centre at Farm East Bank Demerara and plans to construct a hotel, officials said Friday. UNICOMER’s Sub-Regional Managing Director (Guyana and the Caribbean), Vincent Gordon said the construction of the 55,000 square-foot River Place commercial plaza on land owned ...

In the wake of persistent concerns about government’s questionable award of contracts and the shoddy treatment of contractors, Vice President Bharrat Jagdeo on Thursday announced that steps were being taken to review the entire process. “Let me put on notice all of those people who are responsible for procurement in public corporations, statutory bodies, the Ministries, Regions, everywhere, all the ...

The Parika Stelling is undergoing an assessment to ascertain the extent of the upgrade that is required for an intra-Caribbean ferry to dock there, but there would be a wider assessment that would include the other destination countries, President Irfaan Ali said Wednesday. “That assessment is now in its final stages. We are waiting now on the full assessment because ...

A man suspected of being a bogus land seller was arrested on Monday at the Ministry of Housing, Brickdam for allegedly trying to defraud another man of GY$250,000 as payment for a plot of land, the Guyana Police Force said. His name has not yet been released by police who only said that the suspect is 30 years old and ...

Trinidad and Tobago’s Trade Minister, Paula Gopie-Scoon on Wednesday resolved a trade dispute stemming from her country’s prohibition of milk imported from Guyana, saying that the Guyanese manufacturer, Demerara Distillers Limited (DDL), would have to undergo a one-tine risk analysis after which there would be no more humbug. “An import permit is required but based on the fact that this ...