Business

President Irfaan Ali on Sunday announced that major Canadian airline, West Jet, is sending a delegation to Guyana next week to examine the possibility of transporting large quantities of produce to North America. Addressing a large number of farmers at Onverwagt, West Coast Berbice to launch a Black Belly Sheep project, he said his delegation recently met with West Jet ...

The Director of the Ministry of Health’s Food and Drugs Department Dr. Marlan Cole was Friday officially stripped of his responsibilities and reassigned in what is being regarded as a demotion. “You are instructed to meet with the  Chief Medical Officer and the Director of Standards and Technical Services to discuss your scope of work, the specifics of your new ...

Vice President Bharrat Jagdeo on Friday defended his administration’s decision to shut out all of the opposition’s nominees to sit on the board of the Natural Resources Fund and indicated there was hardly any room for compromise with the opposition in approving spending. The Vice President sought to justify government’s selection of former People’s National Congress Reform (PNCR) parliamentarian Dunstan ...

The Guyana Telephone and Telegraph (GTT) said it has teamed up with the Guyana government to support this year’s hackathon styled the 2022 “Innovation Challenge” whose aim is to find technology solutions to some of the country’s problems.  The telecommunications company said it has partnered with the Office of the Prime Minister’s  Industry and Innovation Unit for the launch of ...

The Guyana government is on the verge of licensing a new merchant bank that will target the rapidly emerging large business sector, officials said. Vice President Bharrat Jagdeo first announced the formation of the financial institution at a meeting with residents of Region Two (Pomeroon-Supenaam). “We just licensed a merchant bank- a Guyanese guy who got it, the licence- and ...

Vice President Bharrat Jagdeo on Tuesday flagged the fact that the Guyana dollar appeared to be strengthening against the United States (US) dollar in recent months. Addressing a meeting in Region Two (Pomeroon-Supenaam), he said the shift from USD$1.00 = GY$215.00 to US$1.00= US$200.00 could cause economic problems. “Just the exchange rate appreciating moving from $215  to US$1.00 can cause ...

The Private Sector Commission (PSC) has decided to nominate well-known business executive, Ramesh Dookhoo to sit on the Board of the Natural Resources Fund (NRF) to manage Guyana’s oil revenues,  PSC Chairman Paul Cheong confirmed on Tuesday. He said that umbrella business organisation would shortly submit Mr. Dookhoo’s name to the authorities. Mr. Cheong said Mr. Dookhoo, a long-serving PSC ...

Several owners of land in Section G Beterverwagting, East Coast Demerara on Thursday afternoon turned out at the Neighbourhood Council office to get answers about whether their lands have been sold behind their back/ Attorney-at-Law, Shaunella Glen-George’s letter dated March 16, 2022 refers  to 143.10 acres of land, the same acreage and location that the Neighbourhood Council had late last ...

The Graphogame literacy app touted as one of the best in the world is now available for Guyana’s school children who are four to nine years old, the Guyana Telephone and Telegraph (GTT) and STEMGuyana said Tuesday. The app, which was recently rolled out in Jamaica’s primary education system, is now accessible locally through the collaboration between GTT and STEM ...

Vice President Bharrat Jagdeo on Thursday  ruled out an increase in electricity bills due to the rising cost of fuel, saying that government would step and subsidise the tariffs.  “We will keep the electricity prices the same way, and water prices, we would have to subsidise it to make sure that the impact is not felt by ordinary people,” he ...