Business

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 […]

Public Procurement Commission finds several breaches in award of $870M pump station contract to Tepui Company

The Public Procurement Commission (PPC) has found that there were several breaches in the issuance of an $870 Million pump station contract to Tepui Incorporated, which is a recently established company that is managed by Social Media talk show host, Mikhail Rodrigues aka “The Guyanese Critic”. However, the Commission noted that it is unable to […]

ExxonMobil granted license for sixth offshore development

The Guyana Government has approved a Petroleum Production License to the Stabroek Block operator, ExxonMobil, for its sixth development offshore Guyana, at Whiptail.  The US$12.7 billion development is expected to produce 250,000 barrels of oil daily, bringing daily production to 1.3 million by the end of 2027. A release from the Ministry of Natural Resources […]

United Airlines pushes connectivity to multiple destinations with Guyana service launch

United Airlines has started its schedule service between Houston, Texas and Georgetown. With the airline serving more than 150 destinations worldwide, it intends to push the ease of connectivity through the Houston hub for the Guyana market. At a reception to celebrate the start of the airline’s service to Guyana, United’s Senior Vice President of […]

P.F. Changs Restaurant to open in Guyana in May

The Corum Group company has announced that it has acquired the rights for the opening of the popular P.F Changs restaurant in Guyana, as well as in Jamaica, Barbados and the Cayman Islands. The first restaurant is set to open its doors in Guyana in May on High Street, Kingston in Georgetown. The popular Asian […]

GBTI records $3 Billion in after-tax profits for 2023

The Guyana Bank for Trade and Industry has announced that it recorded $3 Billion in profits in 2023. The bank said its improved performance was driven by prudent cost management and a focus on improving operational efficiency. Chairman of the Board of Directors, Robin Stoby said he is pleased to report that the bank has […]