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Demerara Distillers Limited (DDL) has announced that it has successfully resumed production at several of its facilities following a fire which ripped through its power plant last Friday. In a statement, DDL said the TOPCO plant, responsible for producing Topco fruit juices and Savannah milk products, is fully operational, while the Wines and Spirits plant […]
Vice President Bharrat Jagdeo today announced that since the introduction of the Government’s loan forgiveness programme for University of Guyana students, some 346 students have benefitted to the tune of $203.7M. At his weekly press conference this afternoon, Mr. Jagdeo said the Government is seeking to write-off an additional 2,900 student loans this year which […]
Vice President Bharrat Jagdeo has once again issued a warning to Permanent Secretaries and Regional Executive Officers that the Government will not tolerate deviation from procurement rules in the award of contracts. The Government has embarked on a massive infrastructure programme that has seen billions of dollars being dolled out in contracts. But many of […]
By Rennie Parris In the world of entrepreneurship, there’s one tool that consistently separates thriving businesses from struggling ones—budgeting. Whether you are just starting out or managing a growing company, budgeting helps guide decisions, plan for growth, and avoid potential pitfalls. In this column, we’ll discuss the importance of budgeting for businesses and entrepreneurs, while […]
Guyana is seeking to expand its current trade and economic activities with the United States to bolster several key sectors here. The two countries have been partnering in a number of areas such as economic growth, trade and development and security. Last week, Minister with responsibility for Finance, Dr. Ashni Singh, travelled to the United […]
The Opposition APNU+AFC sees the Government’s move to the National Assembly seeking $40 Billion in supplementary provisions to be the result of poor planning and mismanagement. Last week, Finance Minister, Dr. Ashni Singh, presented two Financial Papers to the National Assembly seeking Supplementary Estimates (Current) in relation to advances made from the Contingency Fund totaling […]
By Rennie Parris Today, we’re going to explore how to craft a winning business plan. A solid business plan is your roadmap to success, outlining your strategy and the steps you need to grow your business. Let’s dive in, using Guyanese case studies to illustrate each part. Why a Business Plan Matters A business plan […]
Six months after being given approval for its massive $1.1 Trillion Budget, the Government has returned to the National Assembly, seeking an additional $40 Billion. Finance Minister, Dr. Ashni Singh presented two Financial Papers to the National Assembly this morning to seek the additional funds. In a statement, the Ministry of Finance explained that the […]
ExxonMobil Guyana Limited, has applied to the Environmental Protection Agency (EPA) for an environmental authorization to undertake its seventh project offshore Guyana at its Hammerhead location. The proposed hammerhead project will be implemented in multiple stages, which include, drillings and completions, mobilizations and installation of subsea equipment, installing of facilities for Floating Production, Storage and […]
Guyana received G$162.3 Billion in oil revenues and royalties during the second quarter of 2024, according to a notification of receipts presented to the National Assembly today by Senior Minister with responsibility for Finance, Dr Ashni Singh. Minister Singh told the National Assembly that the petroleum revenues were paid into the Natural Resource Fund during […]
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