Economy

Former Minister of Natural Resources, Robert Persaud on Sunday said no government investigator has questioned him concerning the issuance of oil concessions and he and members of the then People’s Progressive Party Civic (PPPC) administration were not worried about an independent probe. Officials of the State Assets Recovery Agency (SARA) less than one month ago caused quite a stir locally ...

A three-year-old Tourism Development Fund (TDF) has raked in almost GYD$5 million that has been used in a couple of areas to help boost Guyana’s tourism product, but large hotels are yet to clear a hurdle to begin contributing to the vital cash source, President of the Tourism and Hospitality Association of Guyana (THAG) Mitra Ramkumar said Friday. The TDF ...

The Labour Department cannot afford the money to inspect oil exploration vessels offshore Guyana to ensure they are complying with the country’s occupational safety and health laws, Labour Department Consultant Francis Carryl said Friday. “When we can afford to go out there, we will go to see exactly what is happening and I doubt whether we can go more than ...

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 ...

Government was preparing to sell off huge swathes of land owned by the Guyana Sugar Corporation (Guysuco) as part of moves to sell off the several loss-making estates, even as the administration prepared to revive interest in the ‘for-sale’ assets by local and foreign investors, Director-General of the Ministry of the Presidency, Joseph Harmon said Friday. “I can say to ...

Minister of Agriculture Clarence Rambharat has advised that raw and cooked poultry meat from Guyana has been banned from entry into Trinidad and Tobago with immediate effect, Loop TT reported Friday. “As a precaution the Ministry’s Chief Veterinary Office has notified the Customs and Excise Division of an immediate ban on raw and cooked poultry originating from Guyana. While Guyana ...

In the wake of concerns about how a gold miner, who had been held with 30 pounds of raw gold, eventually got a dealer’s licence, an independent review of the nine licencees shows that none of them benefited from favouritism by the Guyana Gold Board (GGB). “We are satisfied that none of the applicants appear to have been given special ...

Guyanese politicians were Tuesday urged to stop promising jobs to youths and instead find real solutions such as financial support for job seekers and volunteerism to grapple with the unemployment crisis facing the country’s largest voting block. The calls were issued by several panelists at a round-table discussion on “youth unemployment” that was organised by the Ministry of the Presidency’s ...

Guyana’s Interception of Communications Act was Wednesday amended to pave the way for call centres to legally record calls with customers, Minister of Public Telecommunications Cathy Hughes told the National Assembly. In piloting amendments to the 2008 Act, Hughes said the law currently does not take into account advances in telecommunications technology. She explained that call centres are required to ...

Reproduced from Mining.com A bitter battle for control of Canada’s Guyana Goldfields (TSX: GUY) between the miner and dissenting shareholders led by founder and ousted chairman, Patrick Sheridan, has been finally settled this week, costing the company’s head his job. As part of the agreement, the Toronto-based miner is appointing two new independent directors to the board — Alan Pangbourne ...