Business and Economy
Business and Economy Local Development News

President Ali Promotes Guyana as Prime Investment Destination at Caribbean Investment Forum

President Irfaan Ali has encouraged Caribbean investors to leverage Guyana’s investment-friendly environment during the Caribbean Investment Forum (CIF). At the event’s opening, President Ali emphasized that Guyana is not solely relying on oil and gas for its future but is actively modernizing and investing across both traditional and emerging sectors. He highlighted that the country’s […]

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Business and Economy News

P.F. Chang’s Launches in Georgetown, Guyana

Georgetown, Guyana welcomes the renowned global restaurant brand P.F. Chang’s, as it officially opens its doors on Wednesday, July 10th, at 57 High Street, Kingston. The launch ceremony, attended by President Dr. Irfaan Ali and First Lady Arya Ali, signifies a significant investment in the local culinary landscape. President Irfaan Ali emphasized the strategic decision-making […]

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Business and Economy Local Development News

President Addresses Tourism and Labor Challenges

President Dr. Irfaan Ali has highlighted two critical issues facing Guyana’s hospitality sector: driving traffic to the country and addressing the labor force needed to support its expansion. Speaking at the official opening of PF Chang, a global restaurant chain in Guyana, Dr. Ali emphasized the necessity of strategic partnerships and investments to attract tourists […]

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Business and Economy News

Preparations Underway for International Building Expo 2024

By Delicia Janneire With less than a month remaining until the highly anticipated International Building Expo 2024, over 85% of booths have already been allocated, reflecting strong interest from companies eager to showcase their products and services. Minister of Housing and Water, Collin Croal, recently conducted a walkthrough of the venue at the National Stadium […]

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Business and Economy News

Ministry of Labour Initiates Conversion of Friendly Societies into Cooperatives

By Samuel Gillis The Ministry of Labour is actively pursuing the conversion of several friendly societies into cooperatives, citing their engagement in profit-oriented activities as the primary reason for the transition. According to Chief Co-operative Development Officer Janaknauth Panchu, these friendly societies can no longer operate under the Friendly Societies Act (Chapter 36:04) and must […]

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Business and Economy Human Development News

Small Business Owners Empowered Through Procurement Training Program

In a bid to enhance their capabilities in bidding for government contracts, hundreds of small business owners and entrepreneurs participated in the Small Business Procurement Program, a collaborative effort between the Small Business Bureau and the Public Procurement Commission. The one-day training session aimed to familiarize participants with Guyana’s procurement laws and regulations, equipping them […]

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Business and Economy News

Jagdeo Urges Diaspora to Utilize Go-Invest Website for Business Proposals

PPP General Secretary, Dr. Bharrat Jagdeo, is encouraging members of the Guyanese Diaspora to use online resources when making business inquiries and proposals. During a recent visit to Canada, Dr. Jagdeo engaged with the Diaspora on ongoing and future developments in Guyana. A key issue raised was the misconception that individuals must meet with a […]

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Business and Economy Local Development News

Government Initiates Agro-Processing Plan to Boost Local Products

by Saskia Warrick The government of Guyana is formulating a comprehensive agro-processing plan aimed at fostering agro-business incubators and programs to enhance agro-tourism. This initiative is part of efforts to showcase local products prominently at major international airports. President Dr. Mohamed Irfaan Ali has underscored the importance of these agro-business incubators in enabling local agro […]

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Business and Economy National Transformation News

Guyana Gears Up to Showcase Tourism Potential Ahead of Major Events

by Josiah Williams As Guyana prepares to host the Caribbean Investment Forum and the Cricket Carnival, local tourism and hospitality operators are being urged to effectively highlight the country’s cultural richness and service industry. During a recent engagement, Minister of Tourism, Industry, and Commerce, Oneidge Walrond, emphasized the importance of showcasing Destination Guyana as tourist […]

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Business and Economy News

DDL Presents Special Rum Blend to President Irfaan Ali for CARICOM Anniversary

By Josiah Williams Demerara Distillers Limited (DDL) marked the 50th anniversary of CARICOM by gifting President Dr. Irfaan Ali with a unique rum blend at State House today. This gesture reflects DDL’s commitment to supporting regional integration through its renowned spirits. Joining 12 other distillers from the West Indies Rum and Spirits Producers Association (WIRSPA), […]

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