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Commerce

Guyana, Barbados collaborating to ease shipping congestion from Trinidad- Ali

President Irfaan Ali on Wednesday announced that Guyana and Barbados were working to end difficulties in the movement of cargo from Trinidad to this South American nation. Addressing the commissioning of a US$8 million mixing plant of the National Milling Company (NAMILCO), a subsidiary of the American company, SEABOARD, the Guyanese leader said steps were being taken to maximise the ...

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Caribbean Private Sector Organisation begins preparations for CARICOM’s challenge to solve transportation problem

The Caribbean Private Sector Organisation (CPSO) has almost immediately taken up a call by Caribbean Community (CARICOM) governments to solve transportation woes by finding a blend between public sector incentives and private sector investments with financing by the African Export-Import Bank (AFREXIMBANK), CPSO Chief Executive Officer Dr Patrick Antoine said Tuesday. He said CPSO representatives on Tuesday held talks with ...

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Registration opens for UG’s 2nd Diaspora Conference in May, 2023; calls for papers

The University of Guyana (UG), now in its 60th year, is set to host its 2nd Diaspora  Conference at the Turkeyen Campus, Greater Georgetown, Guyana, during the period  May 8-10, 2023 under the theme “Calling 592: Honouring, Researching, Reigniting  Diaspora.” The Diaspora Conference is one of several signature events being hosted by the  University this year to celebrate the institution’s ...

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Suriname eyes Cuba, Barbados rice markets

Suriname’s Agriculture Minister, Rabin Parmessar is in Cuba to secure rice exports for next year.  That country’s ministry says it will do everything to make urea fertiliser and other inputs available at attractive prices and as soon as possible. Starnieuws reports Mr. Parmessar as saying Suriname — representatives of the rice sector and government — has been searching for new ...

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Caribbean economist urges governments to reduce air fares

Director of Economics at the Caribbean Development Bank (CDB), Justin Ram has slammed regional governments for the high cost of air travel and he has called on them to slash the taxes and rake in more value-added and income taxes. “What I’m saying to governments—and I go all over the Caribbean—I say to governments: ‘stop being so myopic, reduce taxes ...

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Guyana rules out funding replacement ferry to Suriname

Guyana on Wednesday ruled out funding the replacement of the ailing MV Canawaima ferry, saying the jointly-owned company with Suriname must use the money to repair the 20-year-old vessel. “There is no onus on Guyana to fund the replacement of the service either temporarily or permanently. The joint company has to ensure that the monies collected by or on behalf ...

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Rose Hall estate may be sold to Ghana-India-Guyana consortium; GuySuCo fails on vital information to NICIL

An Indian-Ghanaian-Guyanese consortium is likely to buy out the Rose Hall sugar estate, the first of three that is on the selling block, government’s holding company of state assets announced Monday. Officials said they hoped to seal the deal by July, 2019. Head of the National Industrial and Commercial Investments Limited’s Special Purpose Unit (NICIL-SPU), Colvin Heath-London said the consortium ...

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Cheap, reliable electricity needed – GMSA, IDB

The Guyana Manufacturing and Services Association (GMSA) on Thursday reiterated the need for cheaper electricity, a call that was backed up by the Inter-American Development Bank (IDB). President of GMSA, Shyam Nokta issued the call for a reduction in taxes on fuel at the formal opening of his organisation’s Annual General Meeting held at the Marriott Hotel. “Tax measures introduced ...

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“Significant” slump in business due to looming political uncertainty – Georgetown Chamber of Commerce

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday reported that its members have so far experienced a significant decline in business activity due to political uncertainty associated with the no-confidence motion. GCCI President, Deodat Indar told Demerara Waves Online News that a two-question questionnaire was administered online to its 240 members. However, Indar did not state how many ...

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Shipping Association of Guyana to appeal Competition Commission’s GYD$19.2 million price fixing fine

The Shipping Association of Guyana (SAG) on Friday said it was preparing to appeal a decision by the Competition and Consumer Affairs Commission (CCAC) in which five shipping terminal operators were guilty of fixing prices for hauling shipping containers and fined a total of GYD$19.2 million. “The CCAC’s ruling is not consistent with the facts and the SAG is engaging legal ...

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