Business

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 ...

The National Milling Company (NAMILCO) on Friday said the price of flour has been increased by 15 percent. The company says this is due to a steep increase in the price of wheat at a time of the war between Russia and Ukraine. The company notes that the price of wheat has skyrocketed by 40 percent since February 15. NAMILCO ...

ExxonMobil’s controlled Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday said it was very close to reaching agreement with the Environmental Protection Agency (EPA) on a US$2 billion assurance to help fund a clean-up should there be an oil spill. EEPGL’s Vice President and Business Services  Manager, Phillip Rietema said his consortium and the EPA were quite close to ...

The state-owned Guyana Power and Light Inc (GPL) on Monday said the Russia-Ukraine war has triggered a sharp spike in the price of fuel, resulting in monthly operational expenses being GY$4.5 billion compared to GY$3 billion in revenues. “As we witness these developments from a safe distance, the effects have already reached our shores and by extension, the Company,” GPL ...

President Irfaan Ali on Sunday said government was turning to Guatemala, Latin America’s second largest sugar producer, to revive the ailing Guyana Sugar Corporation (GUYSUCO) which he insisted would not be closed because of its socio-economic and financial importance. “That is why Guatemala is also coming in to help us.  We are not going to reinvent the wheel so sugar ...

Ahead of the reduction of more COVID-19 measures, President Irfaan Ali on Sunday said arriving passengers at Guyana’s two international airports would no longer have to fill out COVID location forms. He said passengers no longer needed to fill up COVID locator forms and have them stamped at the Health Desk before going to immigration, in response to complaints by ...

President Irfaan Ali on Sunday announced that he plans to meet with marijuana farmers to encourage them to get into the cultivation of high-value hemp. ” I intend to have a meeting very soon with all the marijuana growers in this country. I intend to have a meeting and to let them understand that there is a viable future in ...