Business

Vice President Bharrat Jagdeo on Monday announced that the State-owned Guyana Sugar Corporation (GUYSUCO) would reduce sugar production in Skeldon, Corentyne but would facilitate private cane farming and assign some of the estate lands to shrimp and hemp production. Addressing residents at Line Path, Skeldon, Corentyne, he said 400 of the 1,700 retrenched persons at Skeldon Estate have been rehired temporarily ...

The People’s National Congress Reform (PNCR) on Sunday lashed back at government’s accusations that party leader Aubrey Norton was misleading Lindeners that the stage was being set to increase electricity rates, instead claiming responsibility for government’s position that there would be no tariff hike. PNCR parliamentary representative for Region 10 (Upper Demerara-Upper Berbice), Jermaine Figueira said Mr. Norton’s view last ...

President Irfaan Ali on Sunday announced that the Parika Market would be expanded and a tarmac built after which no more roadside vending would be tolerated as part of a plan to bring order to that East Bank Essequibo thriving fruit and vegetable market. “We are going to put the investment in, we are going to pout the infrastructure in ...

The Guyana government Saturday night dismissed claims by the Leader of the People’s National Congress Reform (PNCR), Aubrey Norton that the appointment of an Interim Management Committee for the Linden Utility Services Cooperative Society Limited (LUSCL) was part of a plan to hike electricity rates. “This is totally untrue as the government has no such plans. Guyanese should therefore not ...

The President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker on Friday night singled out the need not only for major lobbying efforts for small business financing but also for big businesses to buy from their smaller counterparts to allow them to grow. He issued the appeal at the launch of that city business organisation’s National Small ...

Citing several complaints about the quality of Internet service, Prime Minister Mark Phillips on Wednesday asked the Public Utilities Commission (PUC) to set Quality of Service benchmarks for providers to abide by. In a letter to PUC Chairman, Attorney-at-Law Della Britton, Prime Minister Mark Phillips asked that steps be taken to amend the Telecommunications (Consumer) Protection Regulations 2020 “at a ...

Opposition A Partnership for National Unity+Alliance For Change Chief Whip, Christopher Jones and trade unionist Norris Witter are challenging the constitutionality of the Natural Resource Fund legislation since they believe it was not properly passed by the National Assembly due to the absence of the mace and a lack of consultation. The High Court is being asked to order that ...

The Private Sector Commission (PSC) on Saturday said it was satisfied that the environmental authorisation of the Yellowtail oil production project requires the ExxonMobil-led consortium to have emergency equipment in Guyana to cap a well should there be a blowout at the offshore project. “The PSC is pleased with the Oil Spill Response and Financial Assurance provision in the permit ...

Even as the Ministry of Labour continued to boast of an increase in the number of Occupational Safety and Health (OSH) officers, the trade union movement on Friday urged the involvement of the employers organisation and urged inspectors to enforce the laws. The General Secretary of the Guyana Trades Union Congress (GTUC), Lincoln Lewis noted that the Consultative Association of ...

The first World Trade Center (WTC) to be set up in the Caribbean Community (CARICOM) will be in Guyana. This follows the culmination of several months of negotiations between Demerara Distillers Limited (DDL) and the New York headquartered World Trade Center Association (WTCA). DDL said it recently secured a license to establish a World Trade Center in Guyana and will ...