By Saskia WarrickFebruary 6, 2025 After spending 35 years in the United States, mechanical engineer Bob Ghamandi has returned to Guyana with a mission to contribute to the country’s growth. Through his company, Compass Industrial Services, Ghamandi has secured a contract with Guyana Water Incorporated (GWI) to manufacture industrial water filters locally, supporting the government’s […]
February 5 2025 During his virtual address at the second edition of the International Business Conference, President Dr. Irfaan Ali emphasized the significant opportunity for collaboration between Guyana and Suriname in fostering sustainable regional development. With the development of a major offshore oil field in Suriname set to begin production in 2028, the president noted […]
By Delicia Janneire | February 5, 2025 Economist Richard Rambarran has praised the fiscal policies outlined in Budget 2025, noting that they are designed to bolster the competitiveness of local businesses and stimulate economic growth. During a “Budget in Focus” program, Rambarran discussed the government’s ongoing commitment to expanding opportunities for investments, particularly within the […]
By Celestine Chacon | February 5, 2025 Minister of Natural Resources, Vickram Bharrat, has described Guyana’s Gas-to-Energy project as the most transformative initiative in the country’s history. His remarks were made during an appearance on the “Energy Perspective” podcast hosted by Kiana Wilburg, CEO of the Guyana Energy Conference. Minister Bharrat highlighted the government’s strategic […]
By Saskia Warrick | February 4, 2025 The government is advancing plans for the establishment of the Guyana Law School, with land identified and feasibility studies in progress. The update was provided during the parliamentary scrutiny of the Ministry of Legal Affairs’ $1.6 billion budget approval. Seven acres of land have been earmarked at the […]
By Saskia Warrick | February 4, 2025 Guysons Incorporated, a majority Guyanese-owned manufacturing company, has expanded its operations under the Local Content Legislation, securing a manufacturing contract with ExxonMobil. The agreement marks a significant development in the implementation of policies aimed at increasing local business participation in the oil and gas sector. The company has […]
By Delicia JanneireFebruary 4, 2025 The National Assembly has approved $141.45 billion in budgetary allocations for the Office of the Prime Minister, paving the way for significant advancements in the Gas-to-Energy (GTE) project at Wales and the electronic identity card (e-ID) initiative. Of the total sum, $51.2 billion has been allocated for the second phase […]
Feb 3, 2025 Banks DIH’s Linden branch has reported a 29% increase in profits for the fiscal year 2024, earning $2.4 billion in revenue. This represents an increase of $557.2 million compared to the previous financial year. At the recent shareholders’ meeting held at the Watooka Guest House in Linden, Branch Manager Sean Grant announced […]
By Saskia WarrickFebruary 1, 2025 The Ministry of Natural Resources will intensify its land reclamation efforts and enhance monitoring in mining districts to curb environmental infractions. Minister Vickram Bharrat made the announcement while detailing his ministry’s budgetary allocations in the Committee of Supply on Friday. This year, an additional $300 million has been allocated for […]
By Celestine ChaconJanuary 31, 2025 Trade between Guyana and China experienced significant growth in 2024, with an increase of US$1.4 billion, marking a 14.4 percent rise from the previous year. This positive development was highlighted by Chargé d’Affaires of the Chinese Embassy in Guyana, Huang Rui, during a dinner event hosted to celebrate the Chinese […]