Business

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, David Patterson on Friday called out the private sector’s silence on the poor state of electricity generation in Guyana due to bad investments, brain drain and a botched maintenance plan. The Guyana government this week said there could be management changes at the Guyana Power and Light and Power Producers ...

Vice President Bharrat Jagdeo on Thursday hinted that the state-run electricity sector could face a management shake-up, even as the government searches for more electricity generators to bridge the demand gap ahead of the completion of the 300 megawatt  natural gas-fired electricity plant at Wales, West Bank Demerara. “We have to fix it. Whatever it takes, we can’t continue with ...

Vice President Bharrat Jagdeo on Thursday said the two India-made planes that arrived last week for the Guyana Defence Force (GDF) are brand new aircraft and the US$23.37 million deal includes spares and training. Responding to criticisms from opposition critics that the two Hindustan Aeronautics Limited (HAL)-made Dornier 228 planes were second-hand and the price was inflated to facilitate a ...

The Caribbean Export Development Agency (Caribbean Export) has crafted a strategy to attract investment in three key areas at the Caribbean Investment Forum (CIF) to be held in Guyana later this year, a top official said Wednesday. Caribbean Export’s Executive Director, Deodat Maharaj said the event slated for July 10-12, 2024 at the Arthur Chung Conference Centre, Liliendaal, Greater Georgetown ...

Minister of Public Works II, Deodat Indar on Tuesday said only nine of the 17 reconditioned containerised electricity generation sets that were bought for US$27 million were working but strenuous efforts were being made by Guyana Power and Light Inc (GPL) to connect more units to the grid by weekend. “By Saturday, we are told by GPL, an additional six ...

United Airlines on Monday landed its first scheduled flight to Guyana, and Minister of Tourism, Industry and Commerce, Oneidge Walrond forecasts that the entry of that American carrier in the local market would be a fillip to the economy. “We expect this to lead to a significant increase in visitor arrivals, which will have a positive ripple effect throughout our ...

The Georgetown Chamber of Commerce and Industry (GGCI), Guyana’s oldest business organisation, has recorded 150 new members in the 2023-2024 financial year, and has recorded 85.6 percent in surplus cash, according to chamber President, Kester Hutson. Mr Hutson told Demerara Waves Online News that that business support organisation has more than 1,000 members. Boasting a diverse membership, he told the ...

Two weeks after Guyana signed a US$23.27 million deal to buy two India-made Dornier aircraft for the Guyana Defence Force (GDF), two India Air Force  transport planes touched down at the Cheddi Jagan International Airport on Sunday with the two planes, sources said. The two Boeing C-17 Globemaster military transport planes arrived in Guyana shortly after 6 PM Sunday with ...

Opposition Leader Aubrey Norton on Thursday accused the People’s Progressive Party Civic (PPPC) administration of failing to pay healthcare workers more but was preparing to hire Bangladeshis and other foreign healthcare workers at higher salaries, but Vice President Bharrat Jagdeo said they would be paid the same as Guyanese. “You cannot bring Bangladeshis, bring whoever you want to bring and ...

The United Nations Human Rights Committee (UNHRC) on Thursday asked Guyana to take steps to stamp out corruption especially in law enforcement agencies, public procurement and the oil sector as a matter of priority and ensure that all anti-corruption bodies are truly independent “The Committee urges the State party to adopt concrete measures to address the root causes of corruption ...