Business

Finance Minister Dr Ashni Singh on Tuesday appealed to commercial banks to comply with a Bank of Guyana directive to use the simplified due diligence (SDD) requirement for opening bank accounts that would attract monthly deposits of GY$500,000 or less. “It would appear to me that this simplified guideline is not well-known,” he said. Dr Singh said Guyanese should not ...

Governor of the Bank of Guyana, Dr Gobind Ganga on Tuesday virtually ruled out allowing the routine opening of US dollar accounts at commercial banks here by anyone, saying that could put the country’s foreign reserves at risk. Told that the Jamaica Central Bank on Monday hailed the fact that people there were being allowed to freely open foreign exchange ...

The Suriname-Guyana Chamber of Commerce (SGCC) is about to submit a feasibility study to both countries to take over the management and operations of the Canawaima Ferry Service and offer more daily trips across the Corentyne River, SGCC Chairman Dr Vishnu Doerga said Tuesday. While there are four to six flights between Guyana and Suriname, Mr Doerga said the return ...

The way is now clear for airlines to ply the Guyana-Bahamas route, with the signing of an open skies Air Services Agreement between the two countries, the Public Works Ministry said Tuesday. Under the agreement, which was signed on Monday, the aim is to also promote travel with other countries. “At present, there are no direct flights between Guyana and ...

Ordinary Guyanese, including people involved in various types of businesses, will soon be able to access high-quality government data that would assist them to make decisions or create new tools for planning and development following Monday’s parliamentary approval of the Open Data Bill. Government said the Open Data law would provide for the gathering and provision of a wide variety ...

Reproduced from Starnieuws Every Surinamese will receive a share in royalties of US$750 with an interest of 7% per year, President Chan Santokhi announced on Monday at a reception. The positive impact of the final decision of Total Energies has had an enormous positive impact. “We must now translate that positive impact into opportunities for our own people. There are ...

Demerara Dairies Inc (DDI), a subsidiary of Demerara Distillers Limited (DDL), is eyeing a double-digit share of the Caribbean Community’s (CARICOM) cow’s milk market when the company begins production at a highly technologically driven farm at the more than 200 acre Moblissa facility, officials said Sunday. According to DDL’s Deputy Chief Executive Officer and DDI’s Finance Director, Vasudeo Singh, the ...

Guyana wants tighter border security with its eastern neighbour Suriname as part of efforts to curb transnational crimes, Minister of Governance, Gail Teixeira said Saturday at a reception to mark that former Dutch colony’s 49th independence anniversary. “Cooperation between Guyana and Suriname is vital to effectively combat crime, particularly involving the transnational trade in narcotics, human trafficking and contraband,” she ...

Amid opposition claims that the People’s Progressive Party Civic administration was using the GY$100,000 cash grant as a means of capturing vital information to rig next year’s general elections, government said steps were being taken to ensure that there is no fraud. “As part of efforts to ensure a robust and transparent process that upholds the integrity of the $100,000 ...

Antigua and Barbuda-based former employees of the bankrupt and shuttered LIAT (1974) Limited would soon receive some monies from the government there, but their counterparts in Guyana and other countries would have to await talks among the former shareholder governments, according to Antigua and Barbuda Prime Minister Gaston Brown. “Our government has issued a bond of $17 million to assist ...