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Local conglomerate, Banks DIH Limited has signed a three-year agreement with the General Workers’ Union (GWU) for the company’s workers to receive an 11% salary increase for 2024, and within a three-year-period, wage increases totaling 25%. The signing took place at the Ministry of Labour in Georgetown in the presence of the Chief Labour Officer […]
Under the theme ‘Many Hearts, One Fight,’ One Communications together with the Ministry of Health launched Pinktober 2024 as part of their mission to raise awareness and generate much needed funds to support the fight against cancer across Guyana. The launch took place this morning at the Pegasus Corporate Centre. One Communications Director of Brand […]
The Suriname-Guyana Chamber of Commerce (SGCC) is optimistic that Guyanese will benefit significantly from the development of Suriname’s first offshore oil project – GranMorgu – pegged at US$10B. In a statement on Wednesday supporting the Final Investment Decision (FID) by TotalEnergies, APA Corporation and Staatsolie for the development of the GranMorgu Project in Block 58, […]
The new LIAT 2020 airline’s application to begin operating in Guyana is expected to be sent to the Cabinet within the coming weeks for approval. The new airline, which was formed following the collapse and closure of LIAT 1974, is already serving a number of Caribbean destinations and has been eyeing a number of other […]
The Sol Group has announced that it has signed an agreement with ExxonMobil to become Exxon’s licensee for the use of the Mobil brand in its network of service stations in Guyana. The move took effect from today. According to the company, as part of the operation, Sol’s retail network of 11 service stations will […]
The Government as well as small and large businesses are losing out on billions of dollars annually in revenue due to the smuggling of goods, alcohol, poultry and other items, Chairman of the Private Sector Commission, Komal Singh complained today. Speaking at a PSC organised seminar on illegal trade, Mr. Singh said Guyana has been […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re going to focus on one of the most important, yet often misunderstood, financial tools in business—the cash flow statement. If you’re an entrepreneur, understanding your cash flow is crucial to keeping your business afloat and planning for future growth. Whether you’re running […]
With the iTel company announcing its plans to completely shut down its Guyana operations in November, the Labour Ministry has started to engage the company to ensure the more than 400 workers to be laid off are treated correctly and in cases where severance packages have to be offered, those packages are offered. Labour Minister, […]
The Guyana Energy Conference has announced the launch of its EnergyEcho mobile application, which has been described as a “cutting-edge” platform that provides industry updates for the oil and gas sector, as well as insights from the Energy Perspectives podcast. The EnergyEcho App, which was designed by V75 Incorporated offers perspectives on international issues, as […]
Just four years after setting up its massive customer call centre in Guyana, the Itel company is preparing to hang-up its operations in the country, leaving hundreds of workers on the breadline. In an internal message to staff members today announcing the closure plans, the company explained that it was forced to make the decision […]
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