Business

President Irfaan Ali on Wednesday announced that the publicly-owned University of Guyana (UG) would be the seat of the National Defence Institute (NDI) to play a major role in Caribbean security, even as he urged that the Caribbean Examinations Council be asked to offer a security subject. “This partnership is about positioning us, as a country, as a university and ...

GTT, in partnership with WANSAT, has successfully backhauled cellular traffic from the hinterland to Georgetown via an international satellite and fibre connection, the phone company said Monday. The project is being managed entirely from WANSAT’s Network Operations Centre (NOC) in Georgetown and is a first implementation of its kind for any telecom operator in Guyana. Cellular backhaul is the process ...

Amid persistent calls by sections of Guyanese for government to use some of the oil earnings to pay increased wages and salaries, Vice President Bharrat Jagdeo on Sunday sought to calm expectations that the country has a huge chunk of money pouring into the economy to do so. “How are we going to distribute what we don’t have?,” he told ...

The International Civil Aviation Organization (ICAO) welcomes the Government of Guyana’s milestone announcement on the authorization of carbon units for use in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) for the 2024-2026 compliance period. Under the ICAO Council approved Architecture for REDD+ Transactions (ART) programme, 4.64 million CORSIA-eligible units have been issued and authorized by Guyana, now ...

President Irfaan Ali on Saturday said the number of Non-Performing Loans (NPLs) in Guyana has dropped to 2.8 percent, the lowest in Latin America and the Caribbean, and more money is being borrowed for a wider variety of projects. “That is not accidental. That is because there is more money in the economy. That is because there is more disposable ...

Vice President Bharrat Jagdeo on Thursday announced that no more sandpit licences would be granted, leaving Police Commissioner Clifton Hicken and Deputy Police Commissioner Calvin Brutus’ plans to open such an operation in limbo. “Let me make it clear that the government of Guyana has put a hold on all the sandpits,” he told a news conference. Mr Jagdeo made ...

The Ministry of Labour’s Chief Cooperatives Development Officer (CCDO) has told the 12-member Committee of Management of the Guyana Public Service Cooperative Credit Union (GPSCCU) to prove that they were elected last Saturday in free and fair elections or they must not assume office. CCDO, Mr Janaknauth Panchu asked Chairman of the Special General Meeting, Patrick Mentore to provide several ...

Several outgoing members of the committee of management of the Guyana Public Service Cooperative Credit Union (GPSCCU) on Monday banged a table and shouted slogans, blocking a meeting of the newly-elected body. Police were eventually summoned to the Hadfield Street, Georgetown head office of the credit union. GPSCCU Outgoing Chairman, Karen Van Sluytman Corbin and a group of her committee ...

In the wake of Sunday morning’s gunning down of a well-known gold miner and his employee and theft of GY$37 million worth of raw gold and guns, the Guyana Gold and Diamond Miners Association (GGDMA) called on police to ensure the safety of miners. “We urge all our miners to take full security precautions and call on the Guyana Police ...

The newly-elected committee of management of the Guyana Public Service Cooperative Credit Union (GPSCCU) is expected to order an audit of that financial institution’s accounts, according t0 Trevor Benn who was the highest vote getter in Saturday’s elections. “The first thing we have to do is do a proper audit 0f the society. We don’t know what the state of ...