Business

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Guyana’s rapidly emerging oil and gas sector needs 2,000 welders, prompting Labour Minister Joseph Hamilton to issue a stirring appeal to women to get trained in that field and other skills or face the possibility of imported labour from the Philippines. “Right now, we are short of 2,000 welders in this country so I’m urging women to think outside the ...

Lawyers for the International Decade for People of African Descent Assembly-Guyana (IDPADA-G) and the State on Friday informed the High Court that they are on the brink of deal that could see the release of millions of dollars in a budgeted government subvention to the organisation that aims to improve the conditions of Afro-Guyanese. Attorney-at-Law Dr Vivian Williams told the ...