Business

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 […]

Canadian company aims to produce 350,000 ounces of gold annually when Guyana operations begin

By Svetlana Marshall Canadian mining company – G-Mining Ventures Corporation – is aiming to produce 350,000 ounces of gold annually when its US$1.5 Billion Oko West Project begins operation in Guyana in 2027. The company, which has operations in Brazil, unveiled the Oko West Project during an education forum at the Pegasus Corporate Suites this […]

New culture needed to fight corruption in both public and private sector -says Governance Minister

Minister of Parliamentary Affairs and Governance, Gail Teixeira today said there needs to be a new culture in Guyana where there is zero tolerance for corruption in both the Public and Private sectors. She said there should be zero tolerance for persons who offer and solicit bribes to access state resources and bypass legitimate systems.  […]

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