Business

The Guyana government has issued an exemption order to expedite the licensing process for small internet providers, in keeping with its efforts to expand the telecommunications sector. Prime Minister , Retired Brigadier Mark Phillips made this disclosure during his guest appearance on NCN’s “Budget in Focus” on Friday. ” I have signed an exemption order that is linked towards 50-odd ...

A new telecommunications company, Canje Tel, plans to invest US$200 million in a subsea fibre-optic cable to mainly serve the offshore oil and gas operations and remote communities with little or no access to the Internet, a top official said Saturday. Senior Engineer at Canje Tel, Raymond Michael Kirton said an application and all supporting documents have been filed with ...

The Guyana-Suriname Ferry service will resume operations this Sunday but only nationals of these two countries will be allowed to cross, the Public Works Ministry says. Suriname is already on record as expressing fears that Brazilians, whose country is a major coronavirus hotspot, will eventually enter that former Dutch colony. Guyana’s Ministry of Public Works last night said only holders ...

The Guyana government Wednesday night announced that the prices of gasoline and diesel were now expected to reduce as a result of a cut in the excise tax on fuels to cushion the impact of a spike in global oil prices to more than US$60 per barrel. In order to minimise the impact on domestic consumers, particularly the travelling public ...

Former Executive Director of the Environmental Protection Agency (EPA), Dr. Vincent Adams and ExxonMobil were Wednesday at odds over the legality of the flaring of gas due to  a malfunctioned gas compressor that has since been flown to Germany for repairs. Dr. Adams said government should have ordered ExxonMobil to shut down its operations until the gas compressor is fixed, ...

The Guyana government on Monday cautioned businesses against racking up the cost of goods and services because that would reduce the country’s profit share, but said future Production Sharing Agreements (PSA) would ensure this country earns much more from the oil and gas sector. “The oil companies would have to understand that they would have to work differently in Guyana,” ...

Oil revenues pegged at US$1 million in 2021 Finance Minister Dr. Ashni Singh says Guyana’s economy is expected to increase by 20.9 percent in 2021 and he announced that the  prices of basic food items, water and Internet data will be reduced with either the removal of Valued Added Tax (VAT) or zero-rating of them. Delivering the 2021 National Budget ...

The Government Analyst Food and Drug Department (GA-FDD) on Friday said Food Safety Officers would begin cracking down on unsafe food vending on the streets of Georgetown and elsewhere across the country. The GA-FDD said it was teaming up with the City Public Health Department  and Environmental Health Officers from the 10 Regions and municipalities to counter  the “significant increase” ...

ExxonMobil and its partners, CNOCC/Nexen and Hess Corp, on Tuesday announced a GYD$20 billion development plan titled  “The Greater Guyana Initiative”, saying that the money would not  have to be recovered. “I want to be clear that these initiative will be fully funded by the Stabroek Block co-venturers and will not be part of the cost recovery process,” said President ...

The United States-headquartered Eastern Airlines has suspended its service  to Guyana immediately and has promised to pay back passengers for booked flights and debts owed to other entities. “We are in the process of reviewing all liabilities and ensuring all our obligations have been met in Guyana. Refunds for all impacted passengers are being processed,” the carrier told the Director-General ...