Business

Farmers at Hope Estate and other areas will soon be able to cash in on the sale of seasoning to be processed by a facility there for local and foreign markets. “This initiative will be benefit the farming communities and also provide employment. The company is currently in its mobilization stage to begin processing,” NAREI said in a statement. The National ...

Guyana’s company registry is expected to be among several others across the Caribbean Community (Caricom) Single Market and Economy (CSME) that are set to go online this year. The Caricom Headquarters said this development stems from an ongoing project funded by the 10th European Development Fund to create an online regional registry of companies. “This will serve as a central repository ...

Demerara Timbers Limited said it has corrected a safety defect to its sawmill and will soon resume operations and reinstate the over 40 workers it was forced to temporarily layoff, the Ministry of Natural Resources said Monday night in a statement This was communicated to officials of the Guyana Forestry Commission (GFC) when they met with DTL personnel on Monday. Changes ...

A serious drug shortage has hit Guyana’s public health sector countrywide because of insufficient funds at the Georgetown Public Hospital Corporation (GPHC) and the incapability of the 10 administrative regions to buy their own supplies after the 2015 National Budget was passed in August last year. This was told Monday to the National Assembly’s Public Accounts Committee (PAC) by top ...

The Guyana Agricultural and General Workers Union (GAWU) and the National Association of Agricultural and Commercial Industrial Employees (NAACIE) want a Social and Economic Impact study to be conducted on the importance of the Wales Sugar Estate. GAWU President, Komal Chand’s call comes even as the Guyana Sugar Corporation (Guysuco) is considering bringing a non-sugar venture at that West Bank ...

Norway is sending a high-level team to Guyana this week to conduct a series of meetings and field visits to project sites, which the Norway Government has supported through the Guyana-Norway Agreement, government here announced. The Ministry of the Presidency, in a statement, did not name the site for the Amaila Falls Hydro-power station as one of the areas to ...

Investigations are continuing into a fire that destroyed a multi-million Guyana dollar excavator at RUSAL’s mining operations at Kurubuku last week, sources said. So far the probe has revealed that the fuel line leaked, resulting in the flammable substance coming into contact with the engine. No one was injured during the blaze that occurred at about 11 AM on January 21, ...

The Guyana Trades Union Congress Sunday called on government to stop giving lip-service to social cohesion and the constitutional right to participatory decision-making and instead hold wide-ranging consultations with sugar workers and the community of Wales about plans to close the sugar estate there. “Consistent with Article 13 there cannot be a plan for any community without the involvement of ...

The Chairman of the Board of Directors of Banks DIH Limited, Clifford Reis Saturday evening defended the sale of the company’s shares in Banks Holdings Barbados to SLU Beverages, a subsidiary of Brazil’s Ambev, saying it was a wise business decision. One of the written questions posed at the company’s 60th Annual General Meeting held at Thirst Park was why ...

Investment analysts at Clarus Securities reduced their FY2016 earnings estimates for shares of Guyana Goldfields in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Clarus Securities analyst J. Spratt now expects that the firm will post earnings of $0.26 per share for the year, down from their previous estimate of $0.31. Several other ...