Business

Paid parking in Guyana’s capital, Georgetown has hit a slight snag because Minister responsible for Local Government, Ronald Bulkan has not yet approved parking meter by-laws, he said Sunday. Bulkan said he got the by-laws on Friday, January 20, 2017 and expects that his Legal Department would review them on Monday- January 23- the same day that Smart City Solutions ...

Finance Minister, Winston Jordan has warned that government would take stern action against a small number of players who are responsible for instability in Guyana’s foreign exchange market, even as he sought to allay fears of a foreign exchange shortage. “We will continue to use moral suasion to return the market to stability. But the Government stands ready to act ...

Two Indian companies – one  an alloy steel casting manufacturer for sugar factories and another specialised in sugar production- as well as a United States (US)-based company owned by a Guyana-born American freight forwarder are interested in investing in the ailing Guyana Sugar Corporation (GuySuco), even as government said Thursday it was becoming impatient waiting on proposals from the opposition ...

Guyana has decided to begin examining the feasibility of establishing an oil refinery, as several local and foreign companies continue to express an interest in setting up such a facility here in response to increasing oil finds offshore. Minister of Natural Resources, Raphael Trotman said consultant, Pedro Haas has been hired through the New Producers Group of the Royal Institute ...

Smart City Solutions (SCS), the operators the parking meters in Georgetown, on Thursday has summoned a meeting with the National Commission on Disabilities (NCD) to discuss concerns about the location of several meters virtually in the middle of a number of pavements. SCS further hinted that it would be willing to consider  removing those badly placed meters to ensure they ...

The Guyana government on Tuesday insisted that it would be sticking with the Stabroek via Brickdam to D’urban Park route for the Mashramani costume and float parade, citing it’s historical significance and safety concerns. Following a decision taken in 2016 as part of the Golden Jubilee Celebration, the Education Ministry through its Department of Culture has opted to stick to ...

The National Commission on Disability (NCD) on Tuesday expressed concern about the erection of several parking meters virtually in the middle of pavements, saying that they would pose problems for blind and wheelchair bound persons. “Our concern from the Commission’s point of view is that it is discriminating against persons with disabilities in particular the blind because of the fact that ...

President David Granger on Sunday called on the banking sector to address several deficiencies that have been identified by the World Bank and singled out mobile banking as a major tool that could decentralize banking services to persons especially in remote parts of Guyana. “Guyana, despite the increase in the number of bank branches, continues to rank behind our Caribbean ...

ExxonMobil is likely to drill a second well at its latest reservoir –Payara- by mid-year to determine the volume and quality of that company’s latest oil-find offshore Guyana. ExxonMobil’s Country Manager, Jeff Simon said “we found something and we need to find out a bit more about the deposit itself and we most likely would drill another well.” Minister of ...

Trinidad and Tobago former Minister of Energy, Kevin Ramnarine on Thursday urged Guyana to keep politics out of a state-owned oil company that it plans to establish to help govern the sector. “Insulate your State enterprises from the politics and I believe that a percentage … so I would recommend that whatever State companies you form-it doesn’t have to be ...