Business

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 ...

The Tourism and Hospitality Association of Guyana (THAG) wants government to invest some of the oil boom revenues and at the same time protect the country’s biodiversity by banning the wildlife trade. THAG’s President, Mitra Ramcoomar issued the calls at the Guyana Tourism Authority’s Award Ceremony held Tuesday night. “What will make this industry sustainable is sustainable practices…we need to ...

The University of Guyana’s Faculty of Natural Science was given a boost with the donation of over $8.3Million (US$40,000) in equipment by ExxonMobil, Yuesday morning. Among the highly specialised equipment presented were; a Baader Multi-Purpose Coma Corrector, a Bsc Optics Diode Laser; Wireless Temperature Sensor; Demo Mirror Concave; 1 Meade Series 5000 HD-60 Eyepiece Kit; 1 Orion XX 16G GO-TO Truss Dobson ...

Guyana is spending more to purchase fuels due to the closure of Trinidad and Tobago’s oil refinery, Petrotrin,  increased transportation costs from other sources and the inability of the Demerara River to accommodate larger tankers, Finance Minister Winston Jordan says. “Until we could dig out the Georgetown Harbour and you could get larger boats and have the storage capacity built ...

The publicly traded Jamaican betting and gaming company, Supreme Ventures, has expanded its direct operations overseas for the first time, with its first stop being Guyana, a top official said. Chairman of Supreme Ventures (Guyana Holdings), Walter Scott said the company entered the Guyana market after engagements with the Guyana Revenue Authority (GRA), the Gaming Authority and the Financial Intelligence ...