Business

The Canada-headquartered Scotiabank and India’s Bank of Baroda have decided to sell out their operations in Guyana and other Caribbean countries due to declining profits and tighter anti-financial crimes legislation, Finance Minister Winston Jordan said. “These banks consider doing business in these states not profitable anymore; not that it’s not making profits but it’s not profitable for them to continue ...

The Guyana National Shipping Corporation Ltd has been successfully re-certified in line with the newly revised ISO 9001:2015 standard, the company announced Friday. The company says it previously earned certification under ISO 9001:2008 in 2012 and has been audited and registered annually by SGS Certification Services. Three Departments of the Guyana National Shipping Corporation Limited (the Shipping Agency, Insurance Division ...

The United States (US)-headquartered United Airlines is exploring the possibility of adding Guyana to its list of destinations, as that Houston-based carrier seeks to take advantage of  the South American nation’s emerging oil and gas economy, officials said. Junior Minister of Aviation, Annette Ferguson confirmed that United Airlines has set its eyes on the Guyana market and a delegation was ...

Minister of Public Security, Khemraj Ramjattan on Thursday stopped short of accusing the opposition People’s Progressive Party (PPP) of seeking to secure the jobs of Indo-Guyanese in much the same way that People’s National Congress Reform (PNCR) Chairman, Volda Lawrence had promised to give jobs to her party’s supporters. “Volda made a statement recently that she’ll get some employment for ...

Minister of Public Infrastructure, David Patterson on Wednesday denied a claim by People’s Progressive Party (PPP) frontbencher, Juan Edghill  that GYD$79 million extra was disbursed for a Dutch feasibility study that has been mired in controversy. “What you are saying there is absolutely untruth,” Patterson told the House in rebutting Edghill. The Minister, however, did not go into details about ...

Guyana and other Caribbean Community (Caricom) member countries have agreed to add agricultural workers,  security guards, barbers and beauticians to the list of persons eligible to move and work freely across the single market bloc. Regional leaders, including Guyana’s Vice President and Minister of Foreign Affairs Carl Greenidge, struck the agreement at a December 3 to 4, 2018 meeting held ...

Opposition People’s Progressive Party (PPP) Shadow Health Minister, Dr. Frank Anthony on Tuesday assailed the David Granger-led coalition administration for alleged bad drug importation deals, unregistered importing entities, increased prevalence of HIV/ AIDS and failure to assist the country’s estimated 60,000 diabetics with free glucometers. Anthony, who is one of his party’s presidential candidate hopefuls for the 2020 general elections, ...

Opposition Shadow Minister of Finance, Irfaan Ali on Monday kicked off debate on the 2019 National Budget, saying that Guyanese are being burdened with more taxes and reduced foreign exchange earnings due to poor performance of the traditional exports. “These are the realities of the economy and that the Honourable Minister of Finance skillfully maneuvered out of his speech,” Ali ...

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery at the ...

Hundreds of Caribbean Airlines passengers destined for Guyana were up to Sunday night stranded in Trinidad, and hundreds others suffered delays in departing from the Cheddi Jagan International Airport (CJIA) but officials maintained that the airport was never closed. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col. Egbert Field stressed that the Cheddi Jagan International Airport was ...