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Business

Global extractive industries transparency watchdog lifts Guyana’s suspension

The Norway-headquartered Extractive Industries Transparency Initiative (EITI), a global watchdog against corruption in Guyana’s oil and gas, mining and quarrying, forestry, and fisheries sectors, has lifted its suspension this country after Guyana met the deadline to submit its 2020 report. “The Secretariat can confirm that Guyana published its 2020 EITI Report on 30 June 2023. Thus, the condition for lifting ...

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Canada’s senior foreign ministry official to visit Guyana

Maninder Sidhu, Canada’s Parliamentary Secretary to the Minister of Foreign Affairs, is due to visit Guyana from July 5 to 7 to discuss energy, food and business, according to that country’s Minister of Foreign Affairs, Mélanie Joly. “I also look forward to strengthening our bilateral relationship with Guyana, as we are committed to collaborating on shared priorities, such as inclusive ...

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“Sharp” reduction in fish price, as Guyana asks CARICOM to buy more

Fisherfolk in Guyana are complaining about unprofitable operations because of plummeting fish prices for several months now, a situation that has triggered a request by Guyana’s Agriculture Minister Zulfikar Mustapha for sister Caribbean Community (CARICOM) nations to buy more of the protein source from his country. Chairman of the Guyana National Fisherfolk Organisation, Parmeshwar Jainarine  complained about falling fish prices ...

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China to train Guyanese fisherfolk in cage fishing

China is set to train several Guyanese fisherfolk in cage fishing, a novel technique in this South America nation, to further increase fish production, Minister of Agriculture Zulfikar Mustapha said Friday. He told a ceremony in observation of National Fisherfolk Day 2023 at the Lusignan Community Centre Ground that the time has come to change fishing techniques due to the ...

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CGX- Frontera joint venture discovers oil offshore Guyana

Canadian oil exploration companies, CGX Energy Inc. and Frontera Energy on Wednesday announced their discovery of oil at the Wei-1 well in the Corentyne block offshore Guyana. The joint venturers said they discovered approximately 200 kilometers offshore from Georgetown, Guyana. “The Joint Venture has successfully finished drilling operations without any safety incidents and expects to release the drilling rig in ...

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Protest erupts in Plaisance over road extension; Jagdeo announces more time before demolition

Several protesters in Plaisance, East Coast Demerara on Tuesday greeted Vice President Jagdeo to vent their anger against the widening of the Railway Embankment Road because they would lose their properties and livelihoods as vendors and other businesspeople. After waving placards and chanting slogans , most of them failed in their attempt to enter the school to express their concerns ...

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Ali laments absence of key sectors from CARICOM’s food agenda amid expensive healthy diet

The Caribbean Community’s (CARICOM) leader responsible for food security, Guyana’s President Irfaan Ali on Tuesday lamented the absence of health, education and technology from the region’s mission to increase food production and eat healthy. Overall, he said studies show that the cost of a healthy diet is very expensive in the Caribbean and Latin America. “Something is wrong so we ...

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Trinidad’s honey law centre of bitter quarrel in CARICOM- Guyanese private sector

A section of Guyana’s private sector on Saturday bluntly told a Caribbean Community (CARICOM) expert that there are no risks to humans, plants and animals if Trinidad and Tobago stops blocking the transshipment of honey to other regional and international markets. Vice Chairman of the Guyana Manufacturing and Services Association (GMSA), Rafeek Khan and GMSA Adviser Ramesh Dookhoo confronted Chantal ...

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Govt picks American businessman to possibly buy Marriott hotel

Vice President Bharrat Jagdeo on Thursday announced that government has given the green-light to open negotiations with an American businessman to buy the Marriott Hotel for US$90 million. During the first round of bidding, Ramy El-Batrawi, founder of the investment group X, LLC , had bid for US$65 million but in the second round he upped that to US$90 million. ...

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Caribbean must fast-track from fossil fuels to cheaper payback renewables- UNFCCC expert

GROS ISLET, St Lucia, June 21 (DW).- The Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, Simon Stiell has been touting the long-term environmental and financial benefits of the Caribbean fast-tracking its shift from from oil and gas to solar and wind as energy sources. “The Caribbean is, to a large extent, still dependent on ...

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