Marcelle Thomas

With its annual shareholders meeting set for Saturday, local food and beverage giant Banks DIH Limited is set to announce that it registered a net profit of a whopping $8.970 billion last year, up 6% from 2022.

Low: `The fact is, if they have to change the rules so quickly, they didn’t have a realistic plan in mind of how to spend government revenue.

More than a year after the Constitution Reform Bill was passed in the National Assembly, government last week dispatched letters for nominees to the Constitu-tional Reform Commission to be submitted by next month for swift appointment thereafter.  

Even as government awaits funding on the US$759m gas-to-energy (GTE) project, works are forging ahead at the West Bank Demerara site with pipe laying, constructing of internal roads and a materials offloading wharf, pile driving, as well as land preparation and other tasks.  

As Guyana works to establish the commission as agreed upon under the Declaration of Argyle for Dialogue and Peace between Guyana and Venezuela, ahead of the planned meeting in Brazil, this country will also swiftly ensure that an ambassador is appointed to Brasilia.

Guyana’s economic transformation will see its bilateral defence partnership with the United States intensifying this year as the two nations strategise on plans for a futuristic modern defence system here.

TriStar Investment is forging ahead with works on three million square feet of land at Versailles on the West Bank of Demerara, for what will be a state-of-the-art US$160 million oil and gas shore base  but which will also enable movement of cargo through Region Three.

The persons who will form the joint commission to be established under the Declaration of Argyle for Dialogue and Peace between Guyana and Venezuela are in the process of being selected, as Takuba Lodge hailed Thursday’s meeting in St Vincent and the Grenadines as “mutually beneficial.”

Former President Donald Ramotar doesn’t believe that Venezuelan President Nicholas Maduro would change his spurious claims to Essequibo, even after talks with President Irfaan Ali, given that Guyana had exhausted talks with Venezuela on the 1899 arbitral border award since its independence.

For its more than two decades of working with women and youth to empower them by providing access to social and economic resources, the European Union (EU) has this year recognised and bestowed local organisation, Women Across Differences (WAD), with its Annual Human Rights Award.

Like the APNU+AFC did during its 2015 to 2020 tenure, the PPP/C government continues to maintain the Amaila Falls access road with Minister of Public Works Juan Edghill saying that it remains functional but needs maintenance soon.

Responding to criticisms of his management in the wake of the unauthorised bid to reduce questionable expenses by ExxonMobil,  Minister of Natural Re-sources, Vickram Bharrat on Tuesday cited his inexperience and that of the Head of the Petroleum Unit,  Gopnauth ‘Bobby’ Gossai.

With Guyana being one of its two Caribbean shareholding members, the International Islamic Trade Finance Corporation (ITFC) has proposed trade finance support in a number of areas to this country at competitive terms that it believes cannot be beat, Chief Operating Officer Nazeem Noordali has said.

With only two of the six awarded bidders for oil blocks here meeting industry standards, the government said the criteria were relaxed for the auction awards process but promised a thorough due diligence process during the negotiations round.

Recently nominated ambassador to Venezuela and well-known People’s National Congress Reform member, Dr Richard Van West-Charles, says that he remains a member of the party and was not asked “a single question” by the government about his political affiliation during the nomination process.

Work is forging ahead on the transformation of the East Demerara Sugar Estate lands and former Enmore packaging plant into an industrial zone and machining project, respectively, with a bridge and some roads nearly complete while repairs to the plant have commenced.

Two United Kingdom companies have won the contract to market Guy-ana’s oil share for the next fiscal year, government announced on Thursday, as daily oil production will also now come from three developments in the offshore Stabroek Block from next year.

A US$500 million lending purse has been extended to Guyana by the African Export–Import Bank (Afreximbank) to assist this country in hastening its infrastructural development agenda, President of the Bank, Dr.

A 250-plus delegation yesterday arrived in Guyana aboard an Ethiopian Air-lines aircraft for the second AfriCaribbean Trade and Investment Forum (ACTIF23) which begins today at the Marriott Hotel.

The Guyana Gold Board (GCB) has no role to play in collecting royalties from large-scale gold mining companies and this was made clear in the agreements the companies  signed with respective governments and highlighted by it to the Ministry of Finance back in 2019, former head of the agency, GHK Lall, says.