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The Ministry of Finance has announced that the Government has withdrawn another G$41.6B from the Natural Resource Fund, pushing the total withdrawal for this year to G$124.8B. The Minister responsible for Finance said the money was transferred from the Natural Resource Fund to the Consolidated Fund to finance “national development priorities” in accordance with the […]
Suriname registered airline, Fly Allways is set to begin its new schedule service between Guyana and Canada next Tuesday. The airline will operate twice weekly flights, flying from Guyana on Mondays and Wednesdays. The flights from Canada to Guyana will be on Sundays and Tuesdays. In a statement, the airline said the flights will be […]
A report coming out of the Inter-American Development Bank (IDB) has indicated that more Guyanese are getting increased access to financing through commercial banks and other lending institutions. According to the “Global and Regional Economies at a Crossroad” report, private sector credit reached 17% in February and March this year before moderating slightly to almost […]
The Transportation Security Administration (TSA) of the United States Department of Homeland Security has successfully audited the Cheddi Jagan International Airport (CJIA). In a statement, the Cheddi Jagan Airport indicated that the audit was conducted from July 31 to August 4 and was aimed at evaluating the security measures implemented at the airport, as well […]
US Ambassador Sarah-Ann Lynch believes that it is clear that China’s footprint is undoubtedly growing in Guyana and the wider Caribbean, in a number of areas including the oil and gas sector, Information Technology and Agriculture. At her final press conference as US Ambassador to Guyana, Ms. Lynch said even as the country attracts investments […]
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 of the Guyana Agricultural and General Workers’ Union (GAWU), Seepaul Narine has indicated that while GAWU with the help of the Oilfield Workers’ Trade Union (OWTU) of Trinidad and Tobago, has been able to penetrate the oil and gas industry locally, a large number of workers remain unrepresented. On the sidelines of the ongoing […]
-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 […]
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 […]
Guyana continues to receive an increasing number of proposals for the construction of oil refineries in the country, but according to Vice President Bharrat Jagdeo, the country only has capacity for a single refinery. “We don’t have the capacity for two refineries. There will be, if that project goes forward, the one refinery,” the Vice […]
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