Business

VP Jagdeo issues warning over growth of “expired goods industry”; Businesses involved to face severe penalties

The Government is putting businesses involved in selling expired goods and altering expiration dates on products on notice, and is warning them of severe penalties they will face once caught in the act. On Thursday, Vice President Bharrat Jagdeo expressed worry that the business of selling expired goods has now grown into an industry in […]

Over 300 exhibitors at GUYEXPO 2024

Guyana’s largest trade fair and exposition, GuyExpo is opening this evening at the Sophia Exhibition Complex with more than 300 exhibitors being featured. The event is bringing together scores of businesses and organisations to showcase their products and services. Communications Manager at the Ministry of Tourism, Industry and Commerce, Courdel McClure said this year’s event […]

Drone surveillance and increased foot patrol to boost holiday security across the country

The Guyana Police Force launched its 2024 Christmas Policing programme this morning, with a plan that will see an increase in Police deployment and patrols at shopping areas, downtown Georgetown, commercial banks and nightspots across the country. Explaining this year’s Christmas Policing strategy, Crime Chief, Wendell Blanhum said the strategy is geared to ensure zero […]

President defends continuous spending of billions on GuySuCo and sees brighter days ahead for sugar

With the sugar industry bleeding billions of dollars in losses as sugar production remains a record low, President Irfaan Ali has expressed confidence that the Guyana Sugar Corporation (GUYSUCO) can make a come back. In a television interview last evening, the President said there is no question that the industry could be made viable again. […]

GPL inks deal for rental of second Power Ship

The Guyana Power and Light (GPL) company today signed a contract with the Joint Venture, Karpowership Global DMCC & UCC Energy International LLC JV for the rental of a second Power Ship. The additional power ship comes with a total installed capacity of 75 Megawatts (MWs) and the contract is for a period of two […]

Certified Public Accountants to challenge suspension by Institute of Chartered Accountants of Guyana

Two Certified Public Accountants have vowed to take legal action against the Institute of Chartered Accountants of Guyana (ICAG) over the recent suspension of their license and membership. The two, George Vaughn of Vaughn Business Solutions, and Andre Davis of AMD Financial Services are contesting their suspension. Vaughn is challenging the suspension of his ICAG […]

Exxon celebrates production of 500 millionth barrel of oil in Guyana

ExxonMobil Guyana today announced that along with its Stabroek block co-venturers, Hess and CNOOC, they have reached 500 million barrels of oil produced from Guyana’s offshore Stabroek block. In a statement, the company said their industry-leading pace of development enabled the production milestone less than five years after Guyana became an oil-producing nation. ExxonMobil Guyana President, […]

Local partnerships for foreign companies not necessary but encouraged to boost Guyana’s local content -Finance Minister

Senior Minister with responsibility for Finance, Dr Ashni Singh today said regional and international companies are not obligated to form local partnerships when doing business in Guyana, but added that it is highly encouraged as a way to boost local content.  The Finance Minister made the statement this morning while addressing a trade delegation from […]

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