Business

Minister of Labour Joseph Hamilton on Monday announced that government was taking steps to dissolve cooperative societies that have not been cultivating lands for a long time. “Those that want to work for development, we will work with them but what we will not continue to have happen- people utilising the farcical umbrella of coop societies when they have government ...

The Caribbean Development Bank (CDB) on Wednesday said Guyana is included in a proposed southern Caribbean shipping route and that consultants are expected to complete a “roadmap” for the wider regional agriculture sector. CDB’s Director of Projects, Daniel Best told a news conference that the hub would see vessels serving Guyana, Trinidad and Tobago, Barbados and Grenada in the southern ...

President Irfaan Ali said Guyana has named its representatives members of a high-level Joint Working Group with India that would discuss that Asian nation’s interest in being a long-term buyer of this South American nation’s crude oil, upgrading Guyana’s police and military and investing in agriculture. In the area of hydrocarbons, Dr Ali said he invited the Indian government to ...

President Irfaan Ali on Tuesday said the Civil Aviation authorities of Guyana and India were holding consultations about the rules and procedures for Guyana to purchase two Dornier 228 turboprop planes from Hindustani Aviation Limited (HAL) for the Guyana Defence Force (GDF). “They are now working at the technical level. I know some meetings are going on with the Civil ...

Opposition Leader Aubrey Norton Monday night criticised the 2023 National Budget for failing to include measures that would slow down inflation and already steep cost of living, but Finance Minister Dr Ashni Singh forecasts that inflation would be reduced this year. “There are absolutely no measures in this budget to deal with inflation. While I agree that there is need ...

Finance Minister Dr Ashni Singh on Monday announced in Guyana’s 2023 National Budget that owning new and reconditioned vehicles below 1500 CC would be cheaper this year. He said the importation of new motor vehicles less than four years old, below 1500 CC engine capacity would see a reduction of the duty from 45 percent to 35 percent . He ...

Guyana is to purchase two India-made Dornier 228 aircraft for the Guyana Defence Force, prompting a warning that this South American nation risked losing its safety rating by the International Civil Aviation Organisation (ICAO), the global regulatory agency. The cost of the new planes was not immediately available. The top government official confirmed a report in the Times of India ...

Vice President Bharrat Jagdeo has told the High Court that he did not defame the Chairman of the International Decade for People of African Descent Assembly- Guyana (IDPADA-G), Vincent Alexander while dealing with the financial management of that government-funded entity. Through his lawyers C.V. Satram and Ron Motilall, Mr Jagdeo denies that the publications of 19th or 20th August, 2022 ...

Guyana has received its first payment for carbon credits under the agreement with the Hess Corporation. US$75 million has been paid, and is the first payment in an agreement that will be worth a minimum of US$750 million up to 2030, government announced on Tuesday. Government said two further payments of US$37.5 million each will be made during 2023 – ...

Just over one week after resigning from the post of Treasurer of the People’s National Congress Reform (PNCR) due to concerns about financial accountability, Mr Faaiz Mursalene wants to pull back the resignation and continue as the man to oversee the coffers. Mr Mursalene said he is confident that PNCR Leader Aubrey Norton and a number of other Central Executive ...