Internet Radio

Trade

GuyTIE 2020 participants benefit from capacity building workshops

Over 50 businesses participating in the upcoming Guyana Trade and Investment Exhibition (GuyTIE) 2020 scheduled for May, 2020, benefitted from capacity-building sessions in the key areas of trade facilitation and corporate social responsibility (CSR) over the course of three days. CSR is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR ...

Read More »

Labour summons RUSAL-BCGI to key meeting over layoff of 288 workers

The Ministry of Social Protection’s Department of Labour Thursday afternoon summoned the management of Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) to a meeting on Friday to discuss the layoff of a total of 288 workers within the past week without the legally-required notice. Junior Minister of Social Protection Keith Scott, insisting that BCGI has “not properly notified ...

Read More »

RUSAL sends home most of remaining workers

The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc (BCGI) on Wednesday afternoon issued a notice that 146 more workers have been laid off immediately but the union vowed to continue blocking the Upper Berbice River until they are all reinstated or paid severance. That is in addition to the 142 workers who have been already been made redundant. Representative ...

Read More »

Banks DIH Banko Wine brings added value to rice

Banks DIH Limited says it is continuing to add value to Guyana’s rice, a move that has seen the company earning US$1.956 million from the export of Banko Wine. Overall, Banko Wine sales were GYD$1.3 billion. “Banks DIH has and continues to play its part in the field of agro-processing and is the largest private sector agro-processor in the country,” ...

Read More »

Venezuela remains one of Guyana’s biggest rice buyers, despite no PetroCaribe deal

Venezuela is Guyana’s biggest rice market, accounting for 34 percent or 177,682 tonnes of all that grain exported to several Latin American countries the Guyana Rice Development Board (GRDB) said in a statement. This means that despite Venezuela stopping the rice for oil PetroCaribe agreement with Guyana in 2016, a number of private exporters are still selling rice to that ...

Read More »

Granger-led coalition “likely” to win next “close” election -US Congress report

The United States Congressional Research Service (CRS), a think-tank for the United States (U.S.) Congress, says some analysts believe that the David Granger-led coalition is likely to win next year’s general elections. “Past general elections in Guyana suggest the 2020 race will be close, but some analysts contend the APNU/AFC’s multiparty and cross-ethnic coalition is likely to sustain the Granger ...

Read More »

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 ...

Read More »

Spices mixed to perfection on show at GuyTIE

by Gwen Evelyn Lakiraj Singh and his three sons have carved out a special niche in the local spice market, and for a very good reason. They don’t just crunch herbs and spices into bags and churn them out for a quick payback; the Singhs’ approach is much more precise and attentive. They prepare the finest Guyanese spices by using ...

Read More »

IAST pushing local products to outshine imports; ready for GuyTIE 2020

by Gwen Evelyn GEORGETOWN, Guyana — November 15, 2019 — What started out as a quest to develop local products and add value has turned into a thriving and growing industry today. Cereals, personal-care products and condiments are now all being produced locally at the highest standards and export-ready quality. This is thanks to the work being done at the ...

Read More »

Importer denies Food & Drugs Dept GYD$40m substandard foods allegations

The Ministry of Public Health’s Government Analyst-Food and Drugs Department (GA-FDD) and a businessman are set to take each other to court over GYD$40 million worth of food that authorities say are substandard. The businessman, Faizal Asif Iqbal Alli, has denied the allegations levelled against him. He is threatening to take the GA-FDD to court if perishable and other items ...

Read More »