Business

Currently there is a short supply of coconuts and plantains on the local market as a result of an infestation by pests in the local farming communities. Areas that predominantly produce coconuts and plantains such as Pomeroon and the Wakenaam Islands have reported an infestation of West Palm Mite and Black Sigatoka. The Chief Executive Officer (CEO) of the National ...

The parlous state of the sugar industry is common knowledge, the government announced through its Information Agency (GINA) Monday afternoon. The new Board of Directors and the Interim Management Committee, appointed in July and June respectively, were charged with, inter alia, bringing a greater level of discipline to bear on the financial operations of the business.  The team confirmed the Government’s ...

A newly-formed Canada-headquartered solar energy company has signed a Letter of Intent with the Guyana government to supply clean electricity, the Chief Executive Officer of Greenheart Tree Energy, Esmonde Klass. “We were given a letter of interest from Minister (of Public Works David) Patterson and now we are waiting for the bidding process,” he told Demerara Waves Online News. Klass ...

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 ...