Business

Guyana’s external debt has been pegged at GYD $236 billion and domestic debt at GYD $81.7 billion, according to Guyana’s Public Debt Management Report. The Guyana government says the first annual report on Public Debt Management has been completed by the Finance Ministry and would be soon tabled in the National Assembly. Minister of State Joseph Harmon said the report ...

The Ministry of Natural Resources  on Thursday announced that Barama Company Limited’s (BCL) decision not to renew its Forest Concession Agreement paves the for a review of the importance of standing forests,  less than three hours after Opposition Leader Bharrat Jagdeo warned that government’s heavy emphasis on forest conservation was costing jobs. The Ministry of Natural Resources  (MNR) confirmed that ...

Police are investigating an alleged robbery under arms committed on the driver of a delivery truck, which occurred about 7 O’clock Wednesday night at Beterverwagting Public Road, ECD, of a sum of money by three males, one armed with a handgun.   Police said enquiries disclosed that the driver/salesman Trevor Thom, of West Ruimveldt,  and two porters, all employees of ...

The bankrupt state-owned Guyana Sugar Corporation (GuySuco) says it has asked government for an GYD$18 billion subsidy for next year, and will be unable to finance a wage and salary hike for this year. “The Union was also advised that in 2017, the Corporation would require a further subsidy of more than G$18 Billion against a backdrop of lower production, ...

The Georgetown Chamber of Chamber of Commerce and Industry (GCCI) on Wednesday said official police crime statistics do not reflect the true situation, although latest police statistics show that there has been a 21 percent decline in serious crimes. While crediting the police force with cracking some new and old cases, the business organisation has called for an increase in ...

Officials from the Ministry of Communities and the Central Housing and Planning Authority (CHPA) on Friday met with a visiting team from the Islamic Development Bank (IsDB) where a medium-long term housing program was presented. The Ministry of Communities said various interventions relating to the overall direction of the housing sector and the proposed construction of 10,000 housing units were ...

Demerara Berbice Interconnected System (DBIS) experienced three shutdowns at approximately 12:03 hrs, 12:58 hrs and 16:04 hrs today due to a suspected fault on the 69kv transmission line linking the Kingston Power Station to the Sophia Substation (Dispatch Centre). This transmission line remains isolated from the DBIS grid. While efforts are ongoing to determine the origin of the shutdowns, power ...

The Iwokrama International Centre for Rain Forest Conservation and Development  (IICRCD) has announced that it has received Forest Stewardship Council (FSC) Certification for Forest Management for the Iwokrama Forest. This followed a main assessment conducted by Soil Association Certification Limited of the United Kingdom during September. “The Iwokrama Forest is now the only area in Guyana that has been certified for ...

Guyana and the United States (US) on Monday inked an agreement, clearing the way for this country to share bank account information about American citizens and permanent residents with the US to help stamp out offshore tax evasion. “Today’s signing makes a significant step forward in our countries’ efforts to work collaboratively to combat offshore tax evasion, an objective that mutually ...

The Guyana Water Incorporated (GWI) is testing a new chemical to purify water, despite concerns by some experts at the Pan American Health Organisation (PAHO) and the Guyana Food and Drug Administration (GFAAD). The GFAAD is said to be very concerned that GWI is using the new chemical and has signaled that efforts would be made to have the utility ...