Business

Guyana plans to export its excess natural gas to Brazil and several Caribbean countries and eventually fuel a bauxite smelter and gold refinery,  President Irfaan Ali announced on Monday. “Based on pure interest by investors, we are already seeing the second phase of gas coming in will already have to support a second power plant,” he told the government-backed Guyana ...

The construction of an almost US$300 million hotel by a Qatari group on the National Insurance Scheme (NIS) ground on Carifesta Avenue is part of a plan to increase Guyana’s competitiveness to host major conferences, Tourism Minister Oneidge Walrond said at Sunday’s symbolic bricklaying. By adding 400 rooms to the existing 330 rooms in first class facilities within one mile, ...

Attorney-at-Law Nigel Hughes on Friday recommended a wide-ranging overhaul of Guyana’s political, educational and economic systems so that all Guyanese benefit from the country’s wealth in an era where ideology is no longer a barrier. Among his recommendations is that there be truth and reconciliation of atrocities that had been committed over the decades while at the same time craft ...

A Guyanese multi-sectoral team was on standby to assist Tobago with an oil-spill clean response following an incident there involving a barge and a tug, Foreign Secretary Robert Persaud said Saturday. He said Guyana had planned to join an effort by sister Caribbean Community (CARICOM) nations to mitigate the impact of the oil spill that has severely affected marine biodiversity ...

West Indies’ newly-minted star bowler, Guyanese Shamar Joseph and children in the east Berbice community of Baracara are set to benefit significantly from GTT now that he has signed on to be that telecommunications provider’s brand ambassador, company officials said Friday. GTT’s Chief Commercial Officer, Kerchelle Jn. Charles said, through the three-year agreement, Mr Joseph would receive business mentorship and ...

On the heels of record successes for Fibre in 2023, Guyana’s largest, fastest and most reliable network,  GTT, on Friday announced new rewards for its customers; and said Guyanese can look forward to an even more exciting future.   Last year, GTT saw a major expansion in its Fibre footprint across Guyana, ensuring that 2 out of every 3 homes now ...

A day after Vice President Bharrat Jagdeo said the Ministry of Education is responsible for all negotiations with the Guyana Teachers’ Union (GTU), the union on Friday called for a formal invitation to talks on increased wages and salaries. GTU President, Dr Mark Lyte made a stirring appeal on his Facebook Live as he headed to Georgetown for what is ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday said it relied on “publicly available” information about the gas-to-shore project to assess its feasibility and was confident that government would not have to subsidise its operations to keep its promise to cut electricity rates by 50 percent. “We have not seen that that will be the case,” Senior Vice ...

The Ministry of Labour’s Occupational Safety and Health (OSH) Department  on Sunday said it has launched an investigation into a fatal accident that resulted in the death of a Health and Safety aide who was working with a subcontractor at Vreed-en-Hoop Shorebase. The company and the Labour Ministry said the accident occurred at 6:40  Saturday evening at the shorebase construction ...

Venezuela has reacted sharply to ExxonMobil’s plans to drill  exploration wells offshore the Essequibo Region, but records show that this is not the first time that the company has done so. ExxonMobil had drilled Ranger, Tarpon and Tanager wells that are west of the Essequibo River with no response by the Nicolas Maduro administration. Tanager was plugged because it is ...