Business

Four months after a pro-government group of rice farmers called for the establishment of a stabilisation fund, President David Granger has announced that his government would be doing so. For years Guyana’s rice sector which is a principal export has been subjected to the volatility of the international market. This has left local farmers crying out and up in arms for government ...

Republic Bank plans to be “integrally involved” in Guyana’s 50th Independence anniversary celebrations , a top company official announced Friday night. Addressing the 2016 media appreciation cocktail, Managing Director of Republic Bank (Guyana) Limited, Richard Sammy announced that the bank’s involvement would span across the Caribbean. “First and foremost, Republic Bank (Guyana) Limited will be integrally involved in Guyana’s 50th ...

Miners would be unable to cash in on concessions for equipment unless they produce above a certain amount of the precious metal and abide by other industry rules including occupational safety and health standards, Minister of Natural Resources Raphael Trotman. “You can’t be declaring 23 ounces of gold and ask for a concession for an excavator knowing that you made over ...

A resounding call for the modernization of the manner in which records are kept and business filings are done was made by three different stakeholders as the new building housing the Commercial and Land Registries was commissioned on Friday. The building that once housed by the New Building Society was acquired by the Government at a cost of $770M. The ...

Small miners are to be given greater access to more lands with potentially good yields in another three months, Minister of Natural Resources Raphael Trotman announced Friday. He made the announcement at the opening of a meeting for Small Scale Gold Miners held at the Arthur Chung Convention Centre, Liliendaal. “I, therefore, want to ensure that these lands are given ...

After an enlightening debate and a settlement of several concerns, the National Assembly on Thursday voted to pass the Credit Reporting Amendment Bill that paves the way for Credit Bureaus to access the credit information of consumers. The Bill presented to the House by Finance Minister Winston Jordan amends eights sections of the principal act that was passed in 2010. ...

Roraima Airways is now certified to maintain aircraft, easing the burden on that domestic carrier of outsourcing its maintenance to another entity and would now be able to provide such a service to other aircraft owners. “This certificate means that Roraima’s Ogle operations new maintenance department has the capacity and has met the standards and criteria to conduct its own ...

Guyana wants a bilateral agreement with Belize for the supply of rice to that Central American nation should there be a shortfall in domestic production there, the Ministry of Agriculture said Wednesday. The Agriculture Minister of Guyana, Noel Holder floated the idea of a rice accord as part of a Joint Commission approach in talks with Belize’s Deputy Prime Minister, ...

Officials from global energy company REPSOL, Wednesday,  met with President David Granger to seek an extension to continue exploratory work in the Kanuku Block, the Ministry of the Presidency announced in a statement. Minister of Natural Resources, Mr. Raphael Trotman also attended the meeting, which was held this morning at the Ministry of the Presidency. In a brief comment after ...

Residents of East Street , North Cummingsburg have rejected the implementation of a paid parking system by the Mayor and City Council (M&CC). M&CC recently moved to implement the system between Middle and New Market Streets along the avenue of East Street. Today, vehicles were parked in clustered manner outside of the zone adopted by the City Council and very ...