Business

Jagdeo announces Government probe of Petroleum Unit’s meeting with Exxon over audit

The Guyana Government, which has found itself in an embarrassing situation over the cost audits of the Exxon company, plans to launch an investigation into a meeting between ExxonMobil and staff attached to the Ministry of Natural Resources Petroleum Unit. The Vice President, Bharrat Jagdeo claims that the meeting was unauthorized. During a Press Conference […]

FAO launches drone project with GRDB for monitoring of rice cultivation

The Food and Agriculture Organisation of the United Nations is supporting the Guyana Rice Development Board’s efforts to advance technology in the rice industry. A new project using drones to assist small farmers with their rice farming and monitoring has been launched.  The project forms part of China South-South Cooperation Programme. The project commenced with […]

Chamber of Commerce urges Government to allow large scale importation of workers to address labour shortage

-by Svetlana Marshall- With the country facing a growing shortage in skilled and semi-skilled workers, the Georgetown Chamber of Commerce and Industry (GCCI) believes the Government needs to put the requisite systems in place now to allow for the large-scale importation of workers to address the shortage. In an interview with News Source, President of […]

Government continuing efforts to attract new airlines to Guyana -Minister Edghill

With Surinamese-owned Fly Allways Airline launching its schedule service between Georgetown and Toronto, Minister of Public Works, Juan Edghill has announced that the Government of Guyana is continuing its efforts to get more airlines to join the Guyana skies with schedule services. Fly Allways will be operating twice weekly flights between Georgetown and Toronto via […]

Over $124 Billion withdrawn from Natural Resource Fund so far for this year

The Ministry of Finance has announced that the Government has withdrawn another G$41.6B from the Natural Resource Fund, pushing the total withdrawal for this year to G$124.8B. The Minister responsible for Finance said the money was transferred from the Natural Resource Fund to the Consolidated Fund to finance “national development priorities” in accordance with the […]

Fly Allways set to begin Georgetown-Toronto service next week

Suriname registered airline, Fly Allways is set to begin its new schedule service between Guyana and Canada next Tuesday. The airline will operate twice weekly flights, flying from Guyana on Mondays and Wednesdays. The flights from Canada to Guyana will be on Sundays and Tuesdays. In a statement, the airline said the flights will be […]

IDB report finds more Guyanese gaining access to financing from lending institutions

A report coming out of the Inter-American Development Bank (IDB) has indicated that more Guyanese are getting increased access to financing through commercial banks and other lending institutions. According to the “Global and Regional Economies at a Crossroad” report, private sector credit reached 17% in February and March this year before moderating slightly to almost […]

Cheddi Jagan Airport passes TSA audit with flying grade

The Transportation Security Administration (TSA) of the United States Department of Homeland Security has successfully audited the Cheddi Jagan International Airport (CJIA). In a statement, the Cheddi Jagan Airport indicated that the audit was conducted from July 31 to August 4 and was aimed at evaluating the security measures implemented at the airport, as well […]

US hopes to remain Guyana’s partner of choice, even with growing Chinese footprint -says Ambassdor Lynch

US Ambassador Sarah-Ann Lynch believes that it is clear that China’s footprint is undoubtedly growing in Guyana and the wider Caribbean, in a number of areas including the oil and gas sector, Information Technology and Agriculture. At her final press conference as US Ambassador to Guyana, Ms. Lynch said even as the country attracts investments […]