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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 […]
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 […]
Award winning Canadian airline, Air Transat, has announced that it will begin non-stop service between Toronto, Canada and Georgetown Guyana in December. In a statement from the airline, it explained that the new service will operate twice weekly, on Tuesdays and Fridays, from December 16, 2025, to April 24, 2026. According to the airline’s Chief […]
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 […]
Firefighters in Linden have been working around the clock to put out a massive fire that erupted last evening in a valley that is bordered by four sawmills in Amelia’s Ward, Linden. The fire started early Wednesday morning in an area where sawmill operators have been dumping their waste materials. By nightfall, it grew into […]
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 […]
The Call Centre business in Guyana appears to be taking a shot in the gut as more clients pull away their business, leaving the Government of Guyana to seek answers. One of the largest Call Centre companies in Guyana, Teleperformance, has closed down its Robb and Camp Street location, which followed at least five of […]
The Food and Agriculture Organization of the United Nations (FAO), and the International Labour Organization (ILO) have teamed up under the FISH4CAP Project to help Guyana revitalize Fishing Cooperatives in the country and empower artisanal fisher folk. FISH4ACP is an initiative of the African, Caribbean and Pacific Group of States, and is implemented by the […]
The Caribbean’s oldest business chamber, the Georgetown Chamber of Commerce and Industry (GCCI) elected its first female President today after being in existence for 136 years. Managing Director of Dynotech Construction Chemicals and former Vice President of the Chamber, Kathy Smith, has been elected President of the GCCI. She replaces businessman, Kester Hutson, and will […]
During a recent engagement with a visiting team from the International Monetary Fund (IMF), the Private Sector Commission of Guyana drummed up the country’s economic growth and told the visiting team that unemployment in Guyana “is largely voluntary”. Guyana’s unemployment rate hovers around 12%, and with the growth of the economy and the oil and […]
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