Business

Fire severely damaged a 5.5 megawatt (MW) generator and destroyed related electrical wiring at the Kingston, Georgetown-based Power Producers and Distributors Inc (PPDI), but Public Works Minister Deodat Indar said on Thursday that consumers should not worry as sufficient electricity is being generated to satisfy peak demand. He confirmed that the blaze occurred at 1 o’clock Sunday morning due to ...

Trade between China and Guyana has increased by 31% for the first half of 2024, outgoing Chinese Ambassador to Guyana Guo Haiyan announced Wednesday evening. “Practical cooperation between China and Guyana has made significant progress. In the first half of this year, our bilateral trade reached $800 million, reflecting a 31% year-on-year increase,” she said at a farewell reception held ...

The estimated 400 itel call centre workers in Guyana were taking up job opportunities now that that Jamaica-headquartered entity has closed its doors here after just two years of buying out of the Guyanese-owned rival, Emerge, Industry Minister Oneidge Walrond said Wednesday. “As far as I’m aware, a lot of these persons are already absorbed in another sector if not ...

Guyana is recording increased visitor arrivals, with a record high of 32,729 visitors for October in the country’s history, Tourism Minister Oneidge Walrond said Wednesday. “Visitor arrivals have also seen substantial growth,” she told a news conference at the Arthur Chung Conference Centre. She explained that in October 2024 arrivals increased by 22.5% compared to October 2023, with a record ...

The Guyana Manufacturing and Services Association (GMSA) on Monday expressed grave concern regarding the ongoing industrial action at the port of Port-of-Spain in Trinidad and Tobago, saying it has severely disrupted regional trade and impacted businesses in Guyana. The Association said the strike and now ‘go-slow operation,’ which has been persisting for over two months, has caused significant delays in ...

France on Saturday pitched assistance to help Guyana with technologies and human resources to be aware of threats in its territory. Head of the French Diplomatic Bureau in Guyana, Jean-Jacques Forté said France would demonstrate its 3D capacity in upcoming drill training and “support for capacity to detect any near or distant threat by night and day.” “We are aware ...

The main opposition People’s National Congress Reform (PNCR) on Friday sought to assure Guyanese of the law governing procurement to guarantee the opposition a seat on the National Procurement and Tender Administration Board (NPTAB), a day after the incumbent People’s Progressive Party (PPP) refused to do so. “I want to give a commitment here and now to the people of ...

The United States’ Export Import (EXIM) Bank on Friday confirmed that its board has approved a just over US$500 million loan for Guyana’s gas-to-energy project, despite the opposition Alliance For Change earlier in the day challenging the accuracy of Vice President Bharrat Jagdeo’s announcement. “Yes. The Board approved this transaction to notify congress. Once the 35-day congressional notification period ends, ...

Vice President Bharrat Jagdeo on Thursday categorically ruled out political opposition representation on the National Procurement and Tender Administration Board (NPTAB) which decides on the award of contracts. He said the Executive would not allow its work to be frustrated by a “negative and obstruction” opposition because government has to be accountable to the electorate. “It is something we will ...

The Board of the United States’ Export-Import (EXIM) Bank has approved a just over US$500 million loan for the gas-to-energy project at Wales, West Bank Demerara, with final approval expected at the end of a 30-day notification to the US Congress, Vice President Bharrat Jagdeo said Thursday. Originally, Guyana had applied for US$660 million to help finance the construction of ...