Business

Four Guyanese and six Brazilians were abducted on Saturday morning in Deep South Rupununi and abandoned after members of Guyana’s Joint Services pursued the suspects, the Guyana Police Force (GPF) said Saturday afternoon. “A Joint Services team on the ground pursued the suspects who abandoned their vehicle with the persons abducted, all of whom were rescued unharmed,” police said. Police ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Saturday called on several government agencies to take action against retailers and supermarkets for selling poor quality goods and ensure that all tax laws and labour standards are applied equally. “There has been an alarming increase in the presence of counterfeit, expired, and inappropriately labelled goods in the market, which are ...

A memorandum of understanding (MoU) between Guyana’s Black Entrepreneurs Association (BEA) and the United States’ Atlanta Black Chambers (ABC) is expected to be the backbone of stimulating Black-owned businesses in noth countries, according to United States Ambassador to Guyana, Nicole Theriot. She said the MoU between the BEA and the Global Opportunities Committee of Atlanta Black Chambers marked the beginning ...

The Art Williams & Harry Wendt Aeronautical Engineering School on Friday announced the achievement of Programme Approval by the National Accreditation Council of Guyana (NAC-G) of its Bachelor of Science (BSc) degree in Aircraft Maintenance Engineering. The school said while the ab initio programme was evaluated by the NAC-G, Ministry of Education, as equivalent to an Associate Degree when it ...

Even as the National Data Management Authority (NDMA) continues to train people across Guyana to strengthen cybersecurity in the public sector, the International Telecommunications Union (ITU) this year ranked the country as evolving (Tier 4) on its 2024 Global Cybersecurity Index (GCI). In all, 11 Caribbean Community (CARICOM) member states are evolving, with a score range of 20–55. The ITU ...

Guyana needs an overhaul of its copyright act, the establishment organisation of creators and publishers and an organisation that would be responsible for the registration and management of rights, according to a recently conducted study by the World Trade Center Georgetown (WTCG). Among the recommendations of the study are the preparation of a revamped and modernised Copyright Act; establishment of ...

Though many non-bank cambios are selling United States dollars at a rate of GY$219 for US$1, Guyanese are being assured that there is sufficient foreign exchange in the l0cal market and there are new rules governing currency trading. “Most of the banks are comfortable but when they have this money, they just give it out to make profit so we ...

Vice President Bharrat Jagdeo on Wednesday ruled out the holding of a popular vote alongside next year’s general elections on whether the 2016 Production Sharing Agreement (PSA) between Guyana and ExxonMobil should be renegotiated. “It might be something that we may want to do but I don’t want to complicate the 2025 elections…by talking about referendum now,” he said when ...

Guyana would soon be amending the Income Tax Act to block oil sector companies from evading income tax payments by rotating foreign workers, Vice President Bharrat Jagdeo said Wednesday. “They’re rotating them for six months and then sending them back so they’re bypassing their eligibility for taxation,” he told a news conference. Mr Jagdeo said in a number of instances, ...

The Environmental Protection Agency (EPA) on Monday said tests of soil samples collected from properties at Crane, West Bank Demerara, have shown no sign of petroleum but tests were continuing to ascertain the type of substance. “Analysis of the samples by Forensic Laboratory and the Pesticides and Toxic Chemicals Control Board (PTCCB) confirmed that no petroleum-based hydrocarbons were found in ...