Business

Acting Commissioner of the Guyana Geology and Mines Commission (GGMC) Newell Dennison is urging miners to be extremely cautious during the rainy season. Dennison told the Government Information Agency (GINA) in an invited comment on Thursday, that miners should, “exercise extreme caution in their work” in rainy conditions. Last year, seven mining related deaths were recorded. Guyana is experiencing its ...

Authorities in several countries are probing a recent accident at the Cheddi Jagan International Airport (CJIA) in which a Caribbean Airlines plane ripped off the tail cone of a Fly Jamaica plane. Director General of the Guyana Civil Aviation Authority (GCAA), Egbert Field said the relevant authorities in Guyana, Trinidad and Tobago, Jamaica and the United States (US) were probing ...

The Guyana Civil Aviation Authority (GCAA) is verifying a report by Dynamic Airlines about the reasons for its recent prolonged flight delays and cancellations, even as it says a GYD$40 million bond is available for inconvenienced passengers to seek refunds. GCAA Director-General, Egbert Field also told a news conference that authorities here that after a report by Dynamic Airlines have ...

The Guyana Telephone and Telegraph Company (GTT) on Tuesday announced that it has cut the cost of two of its domestic high-speed rates and upped the price for the lowest speed. “The company guarantees that these prices will remain unchanged when the new Value Added Tax (VAT) regime comes into effect,” the phone company said in a statement.  GTT did not ...

Guyanese will from Monday, January 2 have to pay more for gasoline, kerosene and other products being sold by the Guyana Oil Company (GuyOil) due to a rise in world oil prices. “These increases are directly related to increase in acquisition cost from source and are consistent with trends in the upward movement of world market price for petroleum products,” ...

Proposals to sell off a number of estates of the bankrupt state-owned Guyana Sugar Corporation and shed non-core operations like drainage and health services were Saturday shared with the unions and the opposition People’s Progressive Party Civic (PPPC). The talks come against the background of claims and counter-claims for the poor state of the industry. They include the 36 percent ...

Opposition Leader, Bharrat Jagdeo’s office on Thursday accused government of shifting the goal-post from financial to technical reasons for opposing the Amaila Falls Hydro Power (AFHP) project, while at the same time signalling that the People’s Progressive Party (PPP) was willing to hold talks about recommendations to revive the more than US$800 million project. “The PPP wishes to see AFHP re-start ...

Norwegian experts have confirmed that the proposed 165 megawatt Amaila Falls Hydropower station is the best option for Guyana to wean itself off of fossil fuel generation and has recommended that government quickly makes a decision and, together with the opposition, reach consensus before renewing a search for international investors. “In order to establish broad interest among well experienced and ...

Guyana will soon be able to fully monitor its airspace, according to the Civil Aviation Authority’s Air Navigational Services Director, Rickford Samaroo, who said the 2017 allocation of $350M will aid in the installation of four other navigational stations. Those stations, according to Samaroo, are to be located at Port Kaituma, Kamarang, Kaieteur, and Annai. Already, the Timehri surveillance system, ...

Guyana’s Civil Aviation Authority will be reviewing the operations of Dynamic Airways in Guyana in order to find an effective way forward, according to CAA’s  Director- General, Egbert Field. He said the aviation body is awaiting a report from Dynamic Airways on the Georgetown and New York weekend delays affecting some 400 passengers. “To give definitive answer as to what ...