Trade, industry and the economy — tracking how Guyana's rapid growth reaches businesses and households across the country.
HGP NIGHTLY NEWS- Pacific, Auro Commit US$1 Billion to Upgrade GPL Transmission Network Pacific has partnered with Auro to invest US$1 billion in upgrading the Guyana Power and Light (GPL) transmission network, marking one of the largest private investments ever made in the…
(BBC News) The price of oil has fallen sharply on hopes that a pause in attacks between the US and Iran could help to de-escalate the conflict. Brent crude, the global benchmark for oil, sank more than 9% to $87.59 a barrel at one point, marking a sharp turnaround from last week when it had […] The post Oil price dives as US and Iran pause attacks appeared first on Kaieteur News.
(Kaieteur News) – Guyana should be celebrating one of the greatest economic transformations in modern history. Instead, it is confronting one of its greatest contradictions. The world sees a country swimming in wealth. International financial institutions praise Guyana as the fastest-growing economy on Earth. Investors scramble to get a foothold. Oil companies trumpet record production. Gold […] The post The debt burden appeared first on Kaieteur News.
The Consumer Affairs Commission is preparing to prosecute a business for the first time under the Consumer Affairs Act after it repeatedly failed to correct breaches despite being given several opportunities to comply.
…weeks after another company inks US$5M deal with Guyanese subsidiary (Kaieteur News) – Weeks after Canadian mining company Fortuna Mining Corp. entered into a more than US$5 million agreement with a Guyanese company for the Quartzstone Gold Project which covers 296 square kilometres of contiguous mining lands – another Canadian firm, XAU Resources Inc. signed a […] The post Canadian firm eyes acquisition of company controlling Quartzstone Gold Project appeared first on Kaieteur News.
By Wazim Mowla This week, the United States Trade Representative imposed a Section 301 tariff on 60 countries, including Guyana,…
(Kaieteur News) – Captain Learie Barclay was on Monday re-elected President of the Aviation Operators’ Association of Guyana (AOAG), alongside Captain Andre Farinha as 1st Vice President and Lt. Col. Miguel Benjamin as 2nd Vice President. Captain Ronald Reece and Lt. Col. (Ret’d) Anthony Mekdeci, AA, were elected as Directors. The election of the Board of […] The post AOAG re-elects Barclay as president, calls for continued voice in aviation policy appeared first on Kaieteur News.
(Reuters) – Oil prices settled at their highest since 11th June on Wednesday on mounting supply concerns as hostilities continued to escalate between the U.S. and Iran, while threats to by the Iran-backed Houthi militia in Yemen further boosted prices. Brent crude futures settled up $3.06, or 3.36%, at $94.07 a barrel, their highest in […] The post Oil settles up more than 3% to six-week high as Mideast conflict threatens oil transit routes appeared first on Kaieteur News.
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