Internet Radio

Business

First Oil: Liza Destiny arrives in Stabroek Block

The Liza Destiny, Guyana’s ‘First Oil’ production vessel has arrived in the Stabroek Block after traveling nearly 11 thousand nautical miles from the Keppel Shipyard in Singapore, ExxonMobil announced Thursday. The floating production storage and offloading (FPSO) vessel journeyed for 42 days, after a June commissioning ceremony at which First Lady, Sandra Granger renamed it “Godmother”. After clearing customs, the ...

Read More »

GTT awards bursaries to 11 grade sixers

The Guyana Telephone and Telegraph Company (GTT) says it has awarded 11 bursaries to children of its employees who performed exceptionally well at this year’s National Grade Six Assessment (NGSA). “It is a great honour to give back to our employees and their children. I encourage you all to continue doing your best to maintain good grades,” GTT’s Director of ...

Read More »

Over 100 pupils benefit from GBTI’s annual back-to-school program

More than 100 primary and nursery school pupils from the Crabwood Creek and Moleson Creek areas in Berbice were outfitted with back-to-school gears for the new school term on Saturday, August 23 at the Crabwood Creek Community Centre popularly referred to as “ballfield”, the bank said Monday. The Guyana Bank for Trade and Industry (GBTI) says its Corriverton Branch partnered ...

Read More »

Raised CJIA runway lights gash American Airlines tyres

More than 100 American Airlines (AA) passengers bound for the United States (US) were forced to remain in Guyana after raised runway lights slit the plane’s tyres, sources said. “The aircraft was taxiing out for takeoff. During the turn at the end of the runway the wheels struck the raised lights on the taxi way,” the source told Demerara Waves ...

Read More »

Political climate dampens investors buyout of GuySuCo estates -Finance Minister

Political uncertainty, including threats to review deals, has posed a setback in the sale of several Guyana Sugar Corporation (GuySuCo) estates, Finance Minister Winston Jordan said Wednesday. “The sale of the estates has been delayed partly due to the political side because nobody is expressing interest when the opposition (People’s Progressive Party) says ‘we are going to review sales and ...

Read More »

Finance Minister boasts 5 straight years of economic growth

Finance Minister, Winston Jordan on Wednesday projected a 4.5 percent growth in Guyana’s economy for this year, five straight years of continuous growth compared to the Bharrat Jagdeo-led administration. Speaking at the presentation of the 2019 mid-year report, he said this year’s growth rate has been revised again. Originally, the projection was 4.6 percent but that was adjusted downward to ...

Read More »

Carl Greenidge, WPA executive members clash on direct cash transfers from oil money

Former Foreign Minister Carl Greenidge has confirmed that the Guyana government does not favour direct cash transfers into the hands of ordinary Guyanese on the grounds that it will encourage unemployment, a position that was roundly rejected by Chairman of the Buxton First of August Movement (FAM-Buxton), Professor David Hinds. “I don’t know that one can give a definitive answer ...

Read More »

Tullow Oil makes 1st discovery offshore Guyana

Director of the Department of Energy, Dr. Mark Bynoe, Monday morning, announced that the UK-based Tullow Oil Plc wholly owned subsidiary Tullow Guyana B.V. discovered oil in commercial quantities. The oil was found in the Jethro-1 exploration well, drilled in the Orinduik Block offshore Guyana. The Jethro-1 well was drilled by the Stena Forth drillship to a total depth of ...

Read More »

Giftland, GPL at odds over no power purchase agreement

Giftland on Tuesday called on Guyana Power and Light Inc. (GPL) to disclose the reasons for so far failing to ink a deal for purchasing at least 3 megawatts (MW) of electricity, but the utility company said it was surprised at the private power producer’s stance because proposals have been dispatched and some technical work has been done. “We look ...

Read More »

Caribbean Court upholds trade ministerial decision on cement classification

The Caribbean Court of Justice (CCJ) on Tuesday delivered a judgement which upholds the classification decision of the CARICOM Council for Trade and Economic Development (COTED) on cement, known as Rock Hard Cement, imported and/or distributed within CARICOM by Rock Hard Cement (Rock Hard Distributors Limited) and, Mootilal Ramhit and Sons Contracting Limited. These proceedings in the CCJ’s Original Jurisdiction ...

Read More »