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Business

Registration opens for UG’s 2nd Diaspora Conference in May, 2023; calls for papers

The University of Guyana (UG), now in its 60th year, is set to host its 2nd Diaspora  Conference at the Turkeyen Campus, Greater Georgetown, Guyana, during the period  May 8-10, 2023 under the theme “Calling 592: Honouring, Researching, Reigniting  Diaspora.” The Diaspora Conference is one of several signature events being hosted by the  University this year to celebrate the institution’s ...

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Local Content law to be amended to block owners from cheating system

Vice President Bharrat Jagdeo on Tuesday said Guyana’s Local Content legislation would be amended to prevent companies from cheating on the ownership, financial and operational structures and so breach the intent of creating greater opportunities for Guyanese. “We have seen some attempt by foreign companies to bypass the legislation through all sorts of means,” he told the opening of a ...

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GRA studying IHS Markit audit report; unaccounted money will go to profit oil- Jagdeo

Vice President Bharrat Jagdeo on Tuesday denied that government was hiding the 2021 IHS Markit audit report that has found more than US$200 million in questionable claims, an amount that he said could be converted to profit oil if ExxonMobil could not justify the expenses. Addressing the opening of the Local Content Summit organised by MBW Energy Services Inc; in ...

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No info, absence of former accounting officers stalling PAC’s work- Teixeira

Minister of Parliamentary Affairs and Governance Gail Teixeira on Saturday indicated that the work of the Public Accounts Committee (PAC) was stuck because information for 2017-2018 was unavailable and former top accounting officers fail to show up at meetings of that bipartisan parliamentary body. “Although a lot of work has been done with regards to the 2017/2018 combined report;  due ...

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Better to sell “profitable” Marriott hotel before new hotels are finished- Jagdeo

Vice President Bharrat Jagdeo on Thursday justified government’s decision to sell the Marriott Hotel now, saying that it would be better to sell that “profitable” facility now before it faces competition from seven hotels that are being constructed. “Now, it will be best to sell the Marriott off. You could probably maximise the price that you could get when it’s ...

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Oil sales push UK trade with Guyana to over US$1 billion

The United Kingdom’s (UK) trade with Guyana last year reached its highest value of more than 1 billion pounds sterling, largely due to the South American nation’s sale of crude oil to that European country, latest figures show. Britain’s Department for Business and Trade’s latest fact sheet dated March 28, 2023, exports and imports of goods and services between the ...

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UK Minister arrives for launch of UK- Guyana Business Chamber

United Kingdom’s Minister for the Caribbean and the Americas, David Rutley arrived in Guyana on Monday for a series of engagements including the launch of the British Chamber of Commerce Guyana (BritCham Guyana) Mr Rutley was among passengers who arrived on British Airways’ inaugural flight  from London via St Lucia. Speaking at a welcome ceremony for the flight, he remarked ...

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British Airways to boost Guyana’s visitor arrivals

British Airways is projected to add tens of thousands of visitors annually to Guyana, Tourism Minister Oneidge Walrond said at Monday’s ceremony to welcome that carrier’s first scheduled to flight to this South American nation. She said that airline would offer more than 33,000 seats annually to travellers to and from Guyana to Britain with connections to other European destinations ...

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