Business

Mutual evaluation of Guyana’s anti-money laundering efforts set to begin Monday

Guyana’s Fourth Round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF) will commence on Monday, 4th September. Starting next Monday, CFATF experts will assess Guyana’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime, including the country’s legal framework, and its levels of implementation. Significant attention will also be placed on […]

President assures GAWU that Government will not “walk away” from sugar

-by Svetlana Marshall- Declaring that the Government will not walk away from sugar, President Irfaan Ali declared today that his Administration is prepared to bring in experts from Guatemala and India to help with the management of the Guyana Sugar Corporation (GuySuCo). “We are talking with India, with Guatemala to find the technical support service […]

Caribbean Airlines cancels over two dozens flights as Pilots stay away from work

Regional carrier, Caribbean Airlines was forced to cancel over two dozen flights on Sunday across its destinations, as many of the airlines’ pilots did not report for duty. While the airline has officially described the reason behind the cancellations as “cockpit crew constraints”, it is suspected that the pilots have quietly started a protest action […]

Opposition MP continues to warn about wide-ranging powers for single Minister under new Petroleum legislation

–by Svetlana Marshall– Warning that Guyana could be heading down a dangerous path, Opposition Member of Parliament, David Patterson said any mishandling of the wide-ranging powers reposed in a single person under the just passed Petroleum Activities Bill could negatively impact the development of the country’s Oil and Gas Industry. “It is unwise, it is […]

National Assembly passes Bill to make digital and electronic business transactions easier

The National Assembly passed the Electronic Communications and Transactions Bill late on Thursday night, with the Opposition underscoring the importance of the legislation, while expressing a number of concerns relating to the process of authenticating signatures in digital transactions.  The legislation is intended to fast track the implementation of e-Government services, while significantly improving the […]