Business

In the wake of Sunday night’s fire at the Guyana Pegasus Hotel, guests have raised concerns that no alarm was sounded to alert guests and patrons to evacuate the building. Chief Fire Prevention Officer of the Guyana Fire Service, Andrew Holder confirmed claims by several guests that the fire exits were locked at the time of the fire. Holder said ...

Internationally renowned Guyanese Economics Professor, Clive Thomas on Sunday recommended that poor Guyanese households receive conditional yearly cash transfers from oil revenues, but an executive member of the Guyana Oil and Gas Association (GOGA) is cautioning that such a formula can be used as a political football. Addressing a forum organised by The Buxton First of August Movement on the ...

Women’s experiences in forest management are being harnessed to help reduce the emission of greenhouse gases that cause climate change events such as droughts, floods and storms. The Ministry of Natural Resources Project Execution Unit (PEU) of the Forest Carbon Partnership Facility (FCPF) Project, in collaboration with the Inter-American Development Bank (IDB), on Friday began a series of workshops across ...

A significant portion of the total loan portfolio held by Guyana Bank for Trade and Industry (GBTI) is non-performing as it experiences a severe hangover from an expansion that saw its loans and advances increase by 140% in only five years, but senior officials of that commercial bank and a Central Bank expert on Friday assured customers that they have ...

Opposition Leader, Bharrat Jagdeo on Thursday backed President David Granger’s Emancipation call for entrepreneurship, self-sufficiency and education, but took umbrage at the Guyanese leader’s admonition that they should be ashamed if they do not work. “This is the duplicity, the double-standard. Government is just borrowing, taxing all of that- the same ordinary people and so I agree with urging people ...

President David Granger on Thursday defended the appointment of Dr. Mark Bynoe, an environmental economist, to head the Department of Energy which would, among other things, decide on granting oil concessions and licences. While conceding that Bynoe was not experienced in the oil and gas sector, the President said the head of the new body would be responsible for mobilising ...

The morning of Thursday August 2, 2018 was overcast, but it was a particularly bright day for several Sterling Products Ltd. employees whose children got generous bursaries from the company to lessen their parents’ back-to-school expenses in the new school year. At the brief presentation ceremony at the company’s headquarters, Human Resources Officer, Ms. Yvette Fiedtkou underscored Sterling Products’ firm ...

The Guyana Gold and Diamond Miners Association (GGDMA) on Wednesday announced the passing of former gold miner and mining advocate, Edward Anthony “Tony” Shields. He was 72 years old. Shields died on August 1, 2018 in the United States (US) where he had gone for medical treatment. “The GGDMA mourns the loss of this mining stalwart. His guidance and tenacity will be ...

The Guyana government’s Analyst- Food and Drug Department on Thursday said a recent check on water processing factories has shown that several of them are unlicensed and producing water that failed bacterial and chemical tests. Based on 87 water samples collected over a six-month period from 29 water processing facilities in Georgetown and Greater Georgetown, the agency said 15 or 17% ...

President David Granger Tuesday night- Emancipation Eve- urged Guyanese to become educated to take advantage of the country’s emerging oil wealth as the route towards economic emancipation. In what appeared to be his frankest public address yet to the Afro-Guyanese community, he called on them to cease idling and depending on others for monies, but use their talent to create ...