Business

Dominican Republic expresses interest in oil exploration offshore Berbice

The Government of the Dominican Republic has expressed its interest in exploring Guyana’s Berbice offshore oil block, as well as developing a potential new refinery and urea plant, President of the Dominican Republic, Luis Abinader, announced on Tuesday. Speaking during the opening of the Guyana Energy Conference at the Marriott Hotel, the Dominican Republic President […]

UN Guyana launches Energy Transition Funding Initiative

United Nations (UN) Guyana, in partnership with the Joint Sustainable Development Goals (SDG) Fund and the Guyana Energy Agency (GEA), has launched the Just Energy Transition Seed Funding Initiative, which is aimed at advancing Guyana’s transition to a low-carbon transportation sector by promoting electric vehicles and expanding renewable energy infrastructure.  Addressing the launch at UN […]

Conference Village opens at Kingston Esplanade ahead of Energy Conference and Supply Chain Expo

The Guyana Energy Conference and Supply Chain Expo, which is set to open on Tuesday, is being seen as providing a tremendous opportunity for the Agriculture Sector. This morning, the organisers of the conference launched the inaugural “Conference Village,” will provide farmers and agro-processors with much needed exposure during the event. At the launching this […]

GECOM Chair open to digital fingerprints capture but not before upcoming elections

Chairman of the Guyana Elections Commission (GECOM), Justice (Ret’d) Claudette Singh has proposed the hiring of a technical consultant to advise the Elections Commission on the introduction of digital fingerprint capture during voter registration, but said not before the General and Regional Elections are held. Those elections are constitutionally due this year. In articulating her […]

$2.7 Billion cleared for rehabilitation and construction of several markets

The National Assembly Committee of Supply has approved $2.7 Billion for the upgrade of the Bourda Market, Bourda Green, East La Penitence, Stabroek, and East Ruimveldt markets, as well as supporting the drainage network in the areas. During the consideration of the Budget estimates, Local Government Minister, Sonia Parag said the works will be implemented […]

Talking Dollars & Making Sense: Can Guyana Afford the PNCR’s Lofty Promises?

By Rennie Parris Welcome back to Talking Dollars & Making Sense. As Guyana prepares for the 2025 general and regional elections, the People’s National Congress Reform (PNCR) has unveiled a series of ambitious policy proposals aimed at transforming the country’s economic landscape. While these proposals are undoubtedly eye-catching, their feasibility and sustainability warrant closer examination. […]

Government and Opposition trade blame over current state of GuySuCo and sugar industry

The state of the sugar industry came into sharp focus in the National Assembly again this morning as Agriculture Minister, Zulfikar Mustapha and Opposition Member of Parliament, Vinceroy Jordan squared off over the collapse and management of the sugar industry with Mustapha declaring that the failure of the industry started under the previous APNU+AFC government, […]

Guyana’s public debt surpassed US$5.9 Billion in 2024

Guyana’s Public debt skyrocketed last year, mounting to US$5,993 Billion, Finance Minister Dr. Ashni Singh has revealed. During the budget presentation last Friday, Dr. Singh explained that external Public and Publicly guaranteed (PPG) debt reached US$2.2 billion by the end of 2024, while domestic PPG debt rose to US$3.7 billion. At mid year, the country’s, […]