Business

Finance Minister promises Government’s continued promotion and protection of private sector businesses

The future for private sector businesses in Guyana is bright, according to Minister responsible for Finance and the Public Service, Dr. Ashni Singh. Dr. Singh delivered the feature address this afternoon at the 33rd Annual General meeting of the Private Sector Commission. He told the business executives gathered that the Government will continue to promote […]

GBTI records first quarter profit of $1.2 Billion

The Guyana Bank of Trade and Industry (GBTI) has announced that it has a recorded a first quarter profit of $1.2B. In a release the bank said its solid first quarter performance was due to strong profitability, disciplined growth and robust capital levels. According to the Bank, it also delivered a 25.2%-year year-over-year increase in […]

IMF notes Guyana’s continuing growth, but encourages greater protections against Dutch disease

The International Monetary Fund (IMF) has noted that Guyana’s economic transformation is advancing strongly and broadening in scale, but is also encouraging greater protection against the “Dutch Disease”. “Dutch disease” is an economic term used for the negative consequences that can arise from a spike in the value of a nation’s currency, that is primarily associated […]

Fourth FPSO arrives in Guyana to join oil production

The ExxonMobil Guyana company today announced the arrival of the ONE GUYANA Floating, Production, Storage and Offloading (FPSO) vessel in Guyanese waters.  The vessel joins the Destiny, Unity and Prosperity FPSOs in the Stabroek Block offshore Guyana. In a statement, the company said ONE GUYANA FPSO will operate in the Yellowtail development, with an initial production […]

Jagdeo says Teleperformance blames “lateness and absenteeism” by local workers among reasons for location closure

Lateness and absenteeism are among the reasons given by Teleperformance for closing down one of its operations in Guyana,  Vice President, Bharrat Jagdeo has revealed. Teleperformance, which is one of the largest call centre companies in Guyana recently closed its Robb and Camp Street location in Georgetown. The company laid off more than 800 workers […]

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