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The Government is moving to review the Securities Industry Act of 1998, in wake of complaints from major private sector companies about trading on the Guyana Stock Exchange. Attorney General Anil Nandlall has announced that President Irfaan Ali has instructed the review, with the hope of a modern piece of legislation being developed. The Act […]
Local telecommunications giant, GTT, has signed a partnership agreement with Guyanese Cricketer, Shamar Joseph. The young fast bowler shot to fame recently and won the hearts of the international cricketing world after he led the West Indies Cricket Team to victory in a test match against Australia back in January. GTT’s Chief Commercial Officer, […]
Guyana’s oldest private sector organisation, the Georgetown Chamber of Commerce has written to the US EXIM Bank in a lobbying effort to get the bank to approve the Guyana Government’s request for a US$660 Million loan facility to support the gas to energy project. In the letter signed by the President of the GCCI, Kester […]
By Svetlana Marshall President of ExxonMobil Guyana, Alistair Routledge today said moves by Guyana to strengthen its bilateral relationship with countries such as the United States in the area of defense and security augurs well not only for the country, but also for the entire western hemisphere, as it takes up its place as a […]
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, […]
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