Business

The International Decade for People of African Descent- Guyana (IDPADA-G) on Monday debunked suggestions by Vice President Bharrat Jagdeo that the Board of Directors has personally received monies from the almost GY$500 million allocated by the government. Already, according to IPADA-G, the government has turned down its formal requests for $58 million in 2020 and 2021 to provide grants. “We ...

Vice President Bharrat Jagdeo on Friday announced that bids for the estimated US$700 million gas-to-shore power plant and Natural Gas Liquids (NGL) would have to be manufactured by one of two Western companies. He said bidders would have to propose using either Siemens or General Electric (GE) technologies, but he gave no reason for government deciding to limit its preferences ...

Leaders of the 15-nation Caribbean Community (CARICOM) are impatient by the failure so far by the region’s private sector to invest in a transportation system to move mainly agricultural cargo, President Irfaan Ali said Friday. He cautioned at the opening of the 2nd Regional Agri-Investment Forum in Port-of-Spain, the capital of Trinidad and Tobago, that if CARICOM’s private sector failed ...

Guyana’s President Irfaan Ali- the Caribbean Community’s (CARICOM) leader who is responsible for agriculture- on Friday said the region has made “significant progress” towards the 25 percent reduction of its food imports by 2025, even as a number of member-states have submitted proposals to Republic Bank to tap into a US$100 million credit facility. Addressing the 2nd CARICOM Agri-Investment Forum ...

Just weeks after Guyana began importing Blackbelly sheep from Barbados,  the Sheep Farmers Inc. of the Barbados Agricultural Society (BAS) said it was embarking on a new project to import a breed of sheep that can be crossed with the local Blackbelly variety which is not very profitable, Barbados Today reported on Thursday. Guyana’s Agriculture Minister Zukfikar Mustapha has already ...

Guyana, and Trinidad and Tobago on Thursday agreed to begin mapping an energy strategy to maximise and integrate their natural gas reserves with those from Suriname and Brazil into the proposed South America energy corridor. Trinidad and Tobago’s Prime Minister Dr Keith Rowley said energy officials of his country, Guyana and Suriname would meet and produce  recommendations by the end ...

Minister of Natural Resources Vickram Bharrat on Wednesday hinted that government would make the bundling of oil and gas sector contracts by oil companies and their sub-contractors illegal in order to give Guyanese companies a fair opportunity to benefit from the rapidly emerging industry here. “We are looking at all possible areas to strengthen. However, consultations will be held before ...

The Guyana Police Force (GPF) on Wednesday sought to discredit claims by embattled Sergeant Dion Bascom that there was a cover up the gunning down of Ricardo “Paper Shorts” Fagundes more than one year ago outside Palm Court, Georgetown. Instead, that law enforcement agency said it was getting international help in the hope of bringing to justice those responsible for ...

Trinidad and Tobago is interested in joining the proposed South American natural gas energy corridor, President Irfaan Ali said Wednesday ahead of his departure for an official visit to that twin-island nation. He told reporters that Trinidad and Tobago’s Prime Minister Dr Keith Rowley has expressed an interest in being part of the natural gas link known as Arco Norte. ...

The European Union (EU) is exploring the possibility of a team of consular officials coming to Guyana periodically to process and grant Schengen visas to Guyanese t0 avoid them travelling to the Dutch Embassy in Suriname, EU Ambassador to Guyana Fernando Ponz Canto said Wednesday. “Who knows: perhaps, of course, without any commitment, one possibility could be that some officials ...