Business

The Guyana Agricultural and General Workers Union (GAWU) on Monday said the country’s sugar production continued to plummet due to poor management of agricultural operations. While the state-owned Guyana Sugar Corporation’s (GuySuCo) overall production target was approximately 70,000 tonnes, GAWU said that as of October 26, 2024, that company produced 24,711 tonnes or just 39% of its second crop target ...

One of two suspected robbers was killed on Saturday at the Port Mourant Market, Corentyne and all of the stolen gold and silver jewellery were recovered from his possession, police said on Sunday. Dead is 18-year-old Parmand “Mikey” Pertab of Lot 45 “C” Hampshire Village, Corentyne Berbice. Investigators were informed that at about 9:15 Saturday morning, Pertab, who was armed ...

Anti-corruption activist and former House Speaker, Ralph Ramkarran on Sunday recommended that there be a policy or law governing gifts to government employees, in the wake of revelations that an assistant police commissioner had received millions of dollars in wedding gifts from businessmen. He said Guyana should follow in the footsteps of most developed countries in developing a policy or ...

Natural Resources Minister, Vickram Bharrat on Friday said entrepreneurs have found new ways to ‘smart’ the Local Content Act by having companies controlled on paper by Guyanese but the Local Content Secretariat has been uncovering those new schemes. He credited the Head of the Local Content Secretariat, Dr Martin Pertab and his team with “doing a wonderful job” in identifying ...

One hour after heavily armed detachments from the Guyana Police Force’s Special Weapons and Tactics (SWAT) unit and the Special Organised Crime Unit (SOCU) departed outside the residence of Assistant Police Commissioner, Calvin Brutus, emerged from his residence and told the media that he and his wife committed no financial crime. “I intend to vigorously defend these matters because there ...

The Working People’s Alliance (WPA) on Monday dismissed suggestions that commercial banks might not want to risk accepting cash grants as a type of income to lend money because of the likelihood that the cash grant policy could be changed by a new government in office. “Why should an incoming government, if a social programme is working, want to abandon ...

The United States (U.S.) government, through the U.S. Agency for International Development (USAID), launched RESET, the Caribbean Resilient Economies and Sectors activity on October 7 at the margins of the Caribbean Week of Agriculture (CWA). The CWA took place from October 7-11 at the UWI Open Campus in St. Vincent and the Grenadines. Caribbean RESET reflects USAID’s ongoing commitment to ...

A so far unidentified bandit was shot twice to his abdomen by a businessman during an attempted robbery at Tech Guy Solutions on Middleton Street, Georgetown, police said. The incident occurred Monday morning at about 11:40 a.m. when a man, whose name and other particulars were not immediately known, entered the premises and pointed a .38 revolver at the businessman ...

Guyana on Monday announced that two British companies have been contracted again to sell the country’s crude entitlement for the next 12 months, and the country is set to receive higher earnings from the deals. The Ministry of Natural Resources said the United Kingdom-based BB Energy Trading Limited would sell crude from floating production and storage offloading (FPSO) vessels Liza ...

A group of investors in the Brazilian state of Roraima is interested in establishing a medical school in the Rupununi, and President Irfaan Ali wants the University of Guyana (UG) and the University of the West Indies (UWI) to be part of the project. Addressing the sod-turning ceremony for a new hospital at Lethem and a new secondary school at ...