Business

French Ambassador pushes for improved trade relations with Guyana, but admits to connectivity hurldle

The French Ambassador to Guyana, Olivier Plançon, believes significant opportunities for trade and investment between Guyana and France exist, but trade remains limited due to a number of challenges. He pointed to opportunities in the areas of Commerce, Agro-processing, Energy, Health, Tourism, Technology and Innovation among other critical sectors, but connectivity appears to be a […]

Banks DIH celebrates International Gold Award for malt products

Guyana’s leading conglomerate, Banks DIH Limited, is celebrating several of its flagship beverage products being awarded the distinguished Monde Selection International Gold Quality Award, which is one of the world’s most respected independent product quality certifications. The award-winning products include Banks Beer, Classic Premium Lager Beer, Malta Supreme Coconut and Ginseng, Malta Supreme 0.0% and […]

Site preparation works begin for developement of Monarch Bay in Ogle; Citizens Bank financing major investment

Business couple, Clairmont and Iman Cummings, have launched Monarch Bay through their company, Monarch Group. The new business venture will see the construction of a waterfront community that will offer a vision for modern a modern lifestyle. Monarch Bay will be developed and built in the Ogle community, and according to the couple, it reflects […]

Guyana and St. Kitts-Nevis commit to cooperation in Security, Agriculture and Government Modernization

The Governments of Guyana and St. Kitts-Nevis have signed three Memoranda of Understanding, as the two CARICOM nations seek to deepen ties. The signing of the MOUs paves the way for the countries to strengthen their collaboration in Security, Agriculture and Food Security and Government modernization. On security, the MOU provides a framework for bilateral […]

Belize Sustainable Development Minister praises DDL’s Dairy Farm as “visionary, environmentally sound and innovative”

A Ministerial delegation from Belize has described Demerara Distillers Limited’s multimillion dollar state-of-the art dairy farm at Moblissa as “a visionary, innovative, environmentally sound and community conscious initiative.” The delegation recently concluded an official visit to Guyana. Belize’s Minister of Sustainable Development, Climate Change and Solid Waste Management, Orlando Habet, toured the facility located along […]

Spike in global oil prices could fast track cost recovery in Stabroek Block -Routledge

The spike in oil prices on the global market linked to the ongoing war in Iran could potentially fast track cost recovery under the Stabroek Block Production Sharing Agreement (PSA), according to ExxonMobil Guyana President, Alistair Routledge. Benchmark Brent oil prices jumped to over US$119 per barrel today following attacks by Iran on energy facilities […]

ExxonMobil prepared to accelerate development of Guyana’s natural gas potential

U.S oil giant, ExxonMobil has announced its readiness to accelerate the development of Guyana’s natural gas, with company officials noting that while oil generates revenues through export, natural gas can broaden the impact. Speaking at one of the first sessions of the Guyana Energy Conference today, President of ExxonMobil Upstream Company, Dan Ammann, said it […]