Business

Despite a rebound in economic growth of 4.5% for the first half of the year, Guyana faces considerable economic and fiscal headwinds for 2018 that will mean restrictions in spending in the public sector. This comes even as there is an increasing amount of unrealistic discussions regarding the benefits of anticipated oil revenues which are not even expected for another ...

United States (US) Ambassador to Guyana, Perry Holloway prefers Guyanese to talk more about improving social services and security instead of directly transferring oil cash to the poor. “I think the more important conversation should be about not giving every citizen a cheque but giving every citizen a quality education, giving every citizen quality health care, a secure environment in ...

Farmers were Monday warned of impending dry spells and to conserve water ahead of the weak to moderate El Niño conditions during the next several months. Chief Hydrometeorological Officer  Dr. Garvin Cummings said the dry spells do not mean that Guyana would experience a drought. “The absence of rainfall does not indicate a drought situation, but rather a period of dry ...

Two Ukrainians have been charged with a number of offences linked to the assault of two Guyanese gold mine workers as well as failure to wear uniforms as private security personnel. Police said the Russian-speaking Ukrainians- 38-year 0ld Vitaly Paraschuck was charged with two counts of threatening behaviour and assault causing actual bodily harm committed on Charles Clarke on July ...

– Utakwaaka, a Phillipai word, means the dawn of a new day, a ray of light a ray of hope CGX Energy Incorporated announced its next exploration well with an Indigenous naming and blessing ceremony by the historic Aleluya Indigenous Group. The ceremony, a collaboration between CGX and the Ministry of Indigenous Peoples’ Affairs, was held on Friday at the Umana ...

As a new privately-owned airline named Guyana Airways Corporation Inc. prepares to move ahead with its application to the Guyana Civil Aviation Authority (GCAA), the name of that company has been scratched off the Companies Register in keeping with local laws, according to well-placed sources. The Deeds and Commercial Registries Authority last month informed the company, through its lawyer, that ...

The U.S. Embassy on Friday proudly announced the 2018 cohort from Guyana for the Young Leaders of the Americas Initiative (YLAI) Professional Fellows Program.  The program takes place in September and October and will bring 250 young leaders from 36 countries in Latin America and the Caribbean to the United States. This year the embassy said “we are pleased to ...

Guyana should not be too excited about saving a huge amount of its oil revenues in a Sovereign Wealth Fund (SWF) because there are risks such as the loss of future value of monies, Distinguished Economics Professor Clive Thomas said. “A dollar now is worth more than a dollar in the future so we are trading real benefit when we ...

Skilled employees recently laid off from GUYSUCO’s closed or downsized estates were given the opportunity to turn their technical training towards employment in the mining sector, as Guyana Goldfields Inc./Aurora Gold Mines Inc.  conducted a five-day recruitment exercise recently. “The recruitment team endeavoured to secure the services of these employees in a continuation of the Company’s commitment to hire skilled ...

The Guyana Fire Service (GFS)  Thursday night confirmed that there were no locks or chains on any of the emergency exit doors at the Pegasus Hotel, a position that the hotel stated categorically. “The evacuation was orderly and swift as smoke alarms in every room alerted guest. At no time were any locks on exit doors as there is never ...