Business

The construction of a GYD$20 million arch over the East Coast Demerara Public Road-in honour of Guyana’s 50th Independence and indicating the eastern entrance to Guyana’s capital, Georgetown- symbolises Caricom integration, President David Granger said Saturday. “This arch defines the boundaries of our capital. It exemplifies private-public partnership. It epitomises the friendship between two Anglo-phone Caribbean states- Guyana and, Trinidad ...

Guyana’s Finance Minister, Winston Jordan is peeved that his country and several other sister Caribbean Community (Caricom) nations have been listed by the United States (US) as “major money laundering countries.” “It is denial of all of the efforts that we in the Caribbean have been making to make our countries safer, to rid our countries of bad money and ...

The Guyana Postal and Telecommunications Workers Union (GP&TWU) on Friday warned the Guyana Telephone and Telegraph Company (GTT) that if it does not abide by a High Court order on plans to send home 120 workers more legal action would be taken. GPTWU General Secretary, Eslyn Harris said after the Consent Order, GTT did not provide proper information at a ...

China Harbour Engineering Corporation (CHEC), the Chinese contractor undertaking the US$150M expansion of the Cheddi Jagan International Airport (CJIA), on Friday inked two multi-million dollar contracts with local stone suppliers, to provide an initial amount of close to 100,000 tons of stones, sourced locally at cost of some US$3.5M. Keliang Liu, CHEC Project Manager’s inked the contract on behalf of ...

Monies budgeted as part of the 2017 allocation for the US$150M Cheddi Jagan International Airport (CJIA) Expansion Project are on the verge of being completely exhausted and government will this year have to approach its international financing partner—the China Import Export (Exim) Bank and the National Assembly for the remainder of the money to complete the project by December this ...

Representatives from Guyana and twelve other countries in Latin America and the Caribbean will be in Vitória, Brazil from May 16 to 18, to learn about the Brazilian experience of School Feeding Programmes and purchasing from Family Farming, the Food and Agriculture Organisation (FAO) said in a statement. The visit is an international exchange mission promoted by the Internal Cooperation ...

The People’s Progressive Party (PPP) Thursday (May 11, 2017) warned that when government breaks for a parliamentary recess in August, the administration will embark on an unconscionable raping of the treasury in order to facilitate drug purchases through manufactured emergencies. The prediction was made by the former Junior Finance Minister, Bishop Juan Edghill during a press engagement held at the ...

Guyana is finding a hard time hiring contractors from India to execute huge projects here because the rules have changed and the contracts are comparatively too small, Finance Minister Winston Jordan said Thursday. “One of the problems is that there is a new system in place in India- a new procurement tendering system- which, according to High Commissioner (of India), ...

Guyana has scrapped the India-funded Specialty Hospital project and will repay the amount of money that has been already spent on works at the Liliendaal, East Coast Demerara location, Finance Minister Winston Jordan announced Thursday. “This issue is dead, dead,” he told a news briefing when asked about the status of that health institution.  Jordan explained that at the request ...

The rate of implementation of Guyana’s Public Sector Investment Programme (PSIP) has been pegged at a lowly 20 percent, prompting a call by Finance Minister Winston Jordan for retired persons to become evaluators. “If there is one that we haven’t really got going is the Public Sector Investment Programme, we would like to see far more done,” he said, adding ...