Investment

Trade between China and Guyana has increased by 31% for the first half of 2024, outgoing Chinese Ambassador to Guyana Guo Haiyan announced Wednesday evening. “Practical cooperation between China and Guyana has made significant progress. In the first half of this year, our bilateral trade reached $800 million, reflecting a 31% year-on-year increase,” she said at a farewell reception held ...

A memorandum of understanding (MoU) between Guyana’s Black Entrepreneurs Association (BEA) and the United States’ Atlanta Black Chambers (ABC) is expected to be the backbone of stimulating Black-owned businesses in noth countries, according to United States Ambassador to Guyana, Nicole Theriot. She said the MoU between the BEA and the Global Opportunities Committee of Atlanta Black Chambers marked the beginning ...

Guyana needs an overhaul of its copyright act, the establishment organisation of creators and publishers and an organisation that would be responsible for the registration and management of rights, according to a recently conducted study by the World Trade Center Georgetown (WTCG). Among the recommendations of the study are the preparation of a revamped and modernised Copyright Act; establishment of ...

The People’s National Congress Reform/A Partnership for National Unity’s (PNCR/APNU) 20-point plan, including to seek a revision of the Production Sharing Agreement (PSA) with ExxonMobil Guyana and obtain a parent company guarantee for an oil spill clean-up, has been lauded by United States-based commentator and professor, Terrence Richard Blackman. Dr Blackman, who is also an analyst on a range of ...

President Irfaan Ali on Wednesday announced the launch of a Global Biodiversity Alliance aimed at getting private companies to invest in forest restoration and conservation and mobilise funds for biodiversity conservation. He told the 79th session of the United Nations General Assembly (UNGA) being held at the UN Headquarters in New York that Guyana would convene the first Global Biodiversity ...

The new four-lane high-span Demerara Harbour Bridge is now set to be completed by March 31, 2025 due to international shipment delays, officials said Thursday. Public Works Minister, Juan Edghill told an on-site news briefing that the bridge is almost 70 percent finished but would not meet the December 31, 2024 deadline. “We’re almost 70 percent complete. We had hoped ...

Trinidad and Tobago’s state-owned National Energy Company (NEC) has raked in profits ten times its expenses of setting up business in Guyana, that twin-island nation’s Energy Minister Stuart Young said Monday. Responding to questions in the Senate, he said the company earned US$5.3 million (TT$36,262,827). He detailed that NEC earned TT$350,000 (US$51,564.) for technical services, and TT$35,912, 363 (US$5,291,298) for ...

President Irfaan Ali on Tuesday accused the Alliance For Change (AFC) of setting the stage to scuttle the construction of a new high-span bridge across the Berbice River, a day after that party called on government to produce a feasibility study and Environmental and Social Impact Assessment (ESIA). Dr Ali did not say whether the study or assessment would be ...

Guyana on Wednesday inked a US$1.875 million dollar agreement to begin a high-tech multi-year mineral mapping exercise, the first since 1968, to pinpoint gold deposits and reduce the cost of prospecting, officials said. Natural Resources Minister Vickram Bharrat said the work by the United States company, Global Venture Consulting, is also aimed at finding “critical minerals” such a lithium. He ...

As part of the government’s drive to ensure engineers executing public works are held accountable, the Engineer’s Bill will soon be tabled in the National Assembly, government’s Department of Public Information reported on Sunday. Minister of Public Works, Bishop Juan Edghill, made the disclosure during a workshop at the Marriott Hotel in Kingston, Georgetown, on Thursday. “Very soon, I’ll be ...