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Citizens Bank Guyana officially opened the doors to its new Mandela Avenue branch today. The branch was constructed to the tune of $1.8 Billion, and according to its Managing Director, Ethan Chester, the opening of the new branch not only signals confidence in the country’s economy, but the bank’s commitment to improving the quality of […]
Fueled by a strong performing oil and gas sector, which has seen increased production and earnings, Guyana’s real economy grew by an estimated 49.7% in the first half of this year, according to the Ministry of Finance’s Mid-Year report. The report noted that the performance in the non-oil sector has also been good, with growth […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re breaking down the Income Statement, a crucial financial document that tells the story of a business’s profitability over time. Whether you’re a season financial professional or a small business owner without a finance background, this column is designed for you. We’ll use […]
Plans are moving apace for the 2025 hosting of the Guyana Energy Conference and Supply Chain Expo, and today the organisers announced that the ExxonMobil Guyana company has returned as the title sponsor of the event. The Energy Conference and Supply Chain Expo runs from the 18th to the 21st February at Guyana’s Marriott Hotel. […]
Luxury Hotel brand, Hilton, has announced its plans to construct two new hotels in Guyana. In a statement, the company said the dual brands of Hilton Georgetown and DoubleTree Suites by Hilton Georgetown, will be the company’s first two hotels to be built in Guyana. Almost four years ago, a private company had signed a […]
The Guyana Sugar Corporation (Guysuco) today reiterated that there is no shortage of its Demerara Gold packaged sugar, despite the product not being on shelves in supermarkets across the country for a number of weeks. In a statement today, GuySuco said the packaged sugar is available and can be purchased from its Albion and Blairmont […]
With declining gold declaration figures, the Minister of Natural Resources Vickram Bharrat, appears confident that there will be a turnaround soon in the country’s gold industry that will result in increased production and declarations. At a press conference on Wednesday, the Minister said the Government has already signed an agreement with Reunion Gold Company that […]
By Svetlana Marshall Minister of Natural Resources, Vickram Bharrat has announced that the Government of Guyana has finalized the new Production Sharing Agreement, and has retained all of its fiscal terms. Under the new model PSA, the Royalty on all petroleum produced and sold by the contractor has been increased from 2% to 10%. […]
A local administrative support and facilities management company, Vista Services Inc. is now the exclusive distributor of Fermax Video Access Control Systems in Guyana. In a statement, the company said the strategic partnership marks a significant milestone in its commitment to providing cutting-edge security solutions for households and businesses across the country. Vista Services Managing […]
By Rennie Parris Today, we’re diving into market analysis and crafting a robust marketing and sales strategy, specifically within the dynamic context of Guyana. Whether you’re an emerging entrepreneur or an established business owner, understanding your market and effectively reaching your customers are crucial steps towards sustainable success. Let’s unpack these concepts with examples from […]
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