Business

Digicel activates new subsea fibre cable to increase connectivity

The Digicel Group has announced the activation of its subsea fibre cable, Deep Blue One, which the company has described as an advanced network with international submarine capacity that will supercharge connectivity across the Caribbean and South America. Guyana, French Guiana, Suriname and Trinidad and Tobago are to be the big beneficiaries of the new […]

GEA appeals dismissal of illegal importation of fuel charge against businessman

The Guyana Energy Agency has indicated that it intends to appeal a Magistrate’s decision to dismiss the charge of importing petroleum without an import wholesale license that it had filed against businessman Dorwain Bess. Two weeks ago, Magistrate Sunil Scarce, upheld a no-case submission by the Attorneys for Mr. Bess, dismissing the illegal fuel importation […]

President blasts local banking sector for not being “proactive” in their support of the private sector

President Irfaan Ali today blasted the local Banking Sector for them not being “proactive” in the evolution of the country’s business sector. In his address at the Private Sector Commission’s (PSC’s) 32nd Annual General Meeting (AGM) at the Guyana Marriott Hotel, the President said while the Private Sector has jumped at existing opportunities both in […]

Distributor and not T&T Government returned DDL’s Milk Shipment -says T&T Trade Minister

The Minister of Trade and Industry in Trinidad and Tobago, Paula Gopee-Scoon, has denied that Trinidadian authorities rejected a shipment of packaged milk from Guyana, instead indicating that the shipment was returned to Guyana by the Trinidadian distribution partner of Demerara Distillers Limited. Two days ago, Demerara Distillers Limited called an emergency press conference to […]

$126 Billion in oil revenue deposited in Natural Resource Fund for first quarter of 2024

Guyana earned G$126 Billion (US$604.3M) in oil revenues during the first quarter of this year, according to a document laid in the National Assembly today by Minister with responsibility for Finance, Dr Ashni Singh.  The document titled “Government Notice” was presented to the House in accordance with Section 33 (2) of the Natural Resource Fund Act […]

GCCI President encourages investors to respect Guyana’s local content legislation

The President of the Georgetown Chamber of Commerce, Kester Hutson, has emphasized the need for respect for Guyana’s local content legislation, as he addressed a Trinidadian business mission visiting Guyana. During an address to the group, the Head of the Chamber of Commerce also noted the importance of bilateral collaboration and promoting sustainable development between […]

Stage Set for Linden Town Week 2024

The stage is set for the hosting of this year’s Linden Town Week event, which opens this weekend and concludes on the 6th May. The mining town of Linden, which sells itself as the heart of Guyana, is celebrating its 54th anniversary as a town, and through the Linden Town Week Committee and the Linden […]

Framework in place to protect Guyanese workers and companies in oil and gas sector -AG Nandlall assures

Attorney General and Minister of Legal Affairs, Anil Nandlall, believes that the Government has set the framework in place to provide the necessary protection for Guyanese workers and companies in the oil and gas sector. Delivering a presentation at the 2nd Local Content Summit, the Attorney General said the policy of the government has always […]