Guyana’s economy is looking more lucrative to foreign investors as their numbers are increasing, this time with another Surinamese businessman taking the plunge in the local mining sector by investing millions of dollars in expanding his mining supplies company. Located at Forshaw and Oronoque streets in Georgetown, HFD Mining Supplies is a subsidiary of a Suriname-based company specialising in supplying mining equipment throughout South America. Mining sector Owner of HFD Mining Supplies, Karel Dawson said he has been exporting high-tech gold detectors to Guyana for years and has observed the…
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Fly Jamaica begins serving Guyana – North America routes
Fly Jamaica says it will begin Guyana-North America flights later this month but will have to transit Jamaica from Georgetown to New York because the United States Department of Transportation (DOT) is yet to approve an exemption application. Chief Executive Officer, Ronald Reece said there would be direct return flights on the Guyana-Toronto route. While Fly Jamaica would go direct from New York to Guyana, return flights to New York would have to make a 90-minute stop-over in Jamaica. The Guyana operation begins on September 26 with a flight from…
Read MoreQualfon launches major investment
-US$4M state-of-the-art call centre to be constructed -Over 6000 jobs to be created President Donald Ramotar and Qualfon Chief Executive Officer Mike Marrow on Wednesday turned the sod for the construction of the first ever multimillion-dollar call centre campus site at Providence, East Bank Demerara. The state-of-the-art campus is expected to create some 6000 jobs over the next five years. This first phase of work is expected to be completed within 12 months. President Ramotar lauded the development as he noted the importance of developing and broadening the economy. “Government’s…
Read MoreU.S. backs Amaila hydro project – urges all parties to work in country’s interest
In its strongest statement yet on the Amaila Falls project, the United States government on Monday urged all political parties to come together in the national interest to support the investment “that will improve the lives of its people with less expensive and more reliable energy”. In an op-ed column, U.S. Ambassador to Guyana D Brent Hardt said the demise of this project is likely to diminish Guyana’s future attractiveness to international investors, and make future investments in the energy sector riskier and more costly. He prefaced his column by…
Read MoreMoney laundering deadline missed again – Guyana could face sanctions
Today (Thursday) is the deadline when Guyana should have submitted its updated anti-money laundering act to be in compliance with the Caribbean Financial Action Task Force (CFATF), but with no parliamentary consensus and the bill stuck at a select committee, government said the country is now exposed to international sanctions. The CFATF had given Guyana up to August 22 after it failed to reach an earlier deadline. To this end, the country now stands to face serious international sanctions from the CFATF. The CFATF upon receiving the update from Guyana…
Read MoreFormer AG Doodnauth Singh passes on
Former Attorney General and Legal Affairs Minister Doodnauth Singh passed away Wednesday evening while undergoing treatment at the Dr Balwant Singh Hospital. Singh, a senior counsel and former chairman of the Guyana Elections Commission, had undergone bypass surgery several years ago. He retired from legal practice and serving as a Cabinet minister in the Bharrat Jagdeo administration and a Member of Parliament in 2009. President Donald Ramotar, in an immediate reaction, said he is saddened by the news of the death of the former AG. “Mr Singh, also a senior…
Read MoreCaribbean Airlines to review airfares for Guyana route.
By Svetlana Marshall – Amid allegations of abuse and exploitation as it relates to the exorbitant ticket prices levied on Guyanese passengers, Caribbean Airlines Limited (CAL) Chairman Philip Marshall said his company will rework its service and review its price structure. “We have to re-architect our service to the citizens of Guyana. Guyana is a very important market for us… servicing the combined needs of the government and the private sector is extremely important,” Marshall said shortly after a high-profile meeting at the Tourism, Industry and Commerce Ministry. Marshall, accompanied…
Read MoreRe-examine ‘exploitative’ fare structure – Guyana gov’t urges Caribbean Airlines
CARIBBEAN Airlines (CAL) executives are being urged to understand their role in the Guyanese market and to desist from the abuse and exploitation in terms of airfares that Guyanese are asked to pay coming into Guyana. Tourism, Industry and Commerce Minister, Irfaan Ali reiterated this call on Tuesday while he placed an open invitation to CAL executives to come to Guyana for an urgent meeting. “I have instructed the GTA Director to call in the new CEO and Chairman of the board to meet with us no later than next…
Read MoreOgle Airport opens to regional flights
By Sabatini Daniels – LIAT Airlines landed its inaugural official flight at the Ogle International Airport on Monday at 15: 30h which departed Grantley Adams International Airport at 12: 30h filled to capacity. Present to witness touchdown of the 50-seater Dash 8 aircraft was Transport Minister Robeson Benn, who stated that one of the barriers for the Caribbean has been regional connections. He noted that LIAT’s operation out of Ogle will help to address this issue. “So, not only are we resolving the problem with respect to Ogle and the…
Read MoreGov’t not giving up on Amaila project – Minister Benn says door open to opposition
BY SAMUEL SUKHNANDAN – Government said it will ensure that works for the Amaila Falls project continues, despite the recent move made by the joint parliamentary opposition to vote down the project. This announcement was made during a site visit on Tuesday, where representatives from all media entities were invited to view for themselves the progress made thus far on the project, specifically as it relates to the completion of the road at the seven sections. Media operatives were given an aerial view of the project site, onboard the Guyana…
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