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Mayor of Georgetown, Alfred Mentore is begging the commercial community for patience as the City Council grapples with a High Court ruling, which has ordered the removal of vendors operating on the outskirt of the Muneshwers Store on Water Street. During a press conference today, Mentore assured reporters that the City Council will devise […]
The Monarch Group, a local real estate development company, has signed an agreement with US-based technology company, Crystal Lagoon, to bring waterfront communities to Guyana. The collaboration aims to bring beach life to Guyana, while introducing a new era of waterfront communities. In a statement today, it was explained that Crystal Lagoons’ innovative technology has […]
After years of trying to remove vendors from the surroundings of the popular DEMICO House Building at the Stabroek Square, Banks DIH Limited is now contemplating a move to the Courts to have the problem addressed. While addressing shareholders on Saturday at the company’s Annual General Meeting, Chairman and Managing Director of Banks DIH, Clifford […]
Local conglomerate, Banks DIH Limited, has recorded after tax profits of $8.9 Billon, representing an increase in profits by 6.8%. Before taxes were deducted, the company’s profit stood at $14.5 Billion. Shareholders of the company will gather this coming Saturday for the Annual General Meeting. In his report, Banks DIH Chairman and Managing Director, Clifford […]
The Government has come in for praise from the commercial sector with the Private Sector Commission (PSC) and the Guyana Manufacturing and Services Association (GMSA) stating that the $1.146 trillion Budget is an indication of the Government’s commitment to fostering economic growth and development. The PSC, in a statement, said the key highlights of the […]
Guyana’s economy continues to grow at an extremely fast rate, the International Monetary Fund (IMF) has said. In its latest report, the IMF said the country’s economy has tripled in size since the start of oil extraction. With oil production ramping up offshore, Guyana saw the highest real GDP growth in the world last year, […]
Suriname’s national airline, Surinam Airways has announced that it will begin schedule flights between Guyana and Barbados from the 20th December. In a statement, Surinam Airways announced that as part of an expansion plan, it will be rolling out a number of new destinations and additional routes. The Georgetown-Barbados service will operate twice per week, […]
By Svetlana Marshall The Managing Director of the London-based, Caribbean Council, Chris Bennet believes “immense” progress has been made in reducing barriers to trade between Guyana and the United Kingdom (UK). The Caribbean Council has been working to build trade and investment between international companies and their Caribbean partners. “I think that there has been […]
The Guyana Manufacturing and Services Association (GMSA) intends to push for more development and support in the manufacturing sector when it hosts “Impak Manufacturers’ Summit” in March 2024. GMSA President, Ramsay Ali said the summit will address rapid developments in the Manufacturing and Services Industries as Guyana moves to address its energy deficiency with the […]
Vendors who operate on the pavement outside the Muneshwers Store on Water Street will likely have to pack up and remove from the area by the 15th January 2024. The Georgetown City Council was recently ordered by the Court to remove all encumbrances from outside the store. City Mayor Alfred Mentore met with the affected […]
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