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Business

Guyana needs broad-based national development policy to spend oil money- Trinidad Opposition Leader

Former Prime Minister of Trinidad and Tobago, Kamla Persad-Bissessar  Thursday night urged Guyana to formulate a broad-based national development policy to spend expected “massive” oil wealth on developing the country over the next 200 years. Addressing the Guyana Manufacturing and Services Association Awards and Dinner, the Opposition Leader also warned Guyana against establishing a state oil company because firing workers ...

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CARICOM fisheries organisation ready to assist Guyana on possible impact of oil industry on fish stock

The Caribbean Regional Fisheries Mechanism (CRFM) is willing to assist Guyana in assessing whether offshore oil industry work is impacting on fish stock, but Guyana says it may be better for oil companies to collect the relevant data. CRFM Executive Director, Milton Haughton said Guyana has not asked for help in that regard, but fishers in the rest of the ...

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No more oil concessions until early 2020- govt’s Energy Department

Oil companies interested in acquiring concessions, including those in ultra deep waters, will have to wait until early 2020 by which time the country is expected to have a model Production Sharing Agreement (PSA) and upgraded laws, officials said Thursday. Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe said government was in no hurry to ...

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Govt addressed seafarers’ concerns; recruitment agency says Trinidadians not hired

The Guyana government has already intervened to address claims of discrimination against Guyanese seafarers by one of the companies contracted to hire them to work aboard vessels involved in oil exploration offshore Guyan. The Guyana Seafarer’s and General Workers Union (GS&GWU) said Wednesday that most seamen and other mariners were not being employed by companies that have been contracted by ...

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Guyana, Tanzania and Ghana to sign open skies air services agreement

Guyana is expected to sign Air Services Agreements (ASA) with Tanzania and Ghana later this month to pave the way for any airlines that might be interested in flying between Africa and South America, a senior official of the Guyana Civil Aviation Authority (GCAA) announced Wednesday. GCAA Director of Air Transport Management, Saheed Sulaman said the accords would be inked ...

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No need for 19-year extension of Berbice Bridge Concession agreement-Jagdeo

Opposition Leader, Bharrat Jagdeo on Wednesday said he does not support the Berbice Bridge Company Inc. request for a long-term extension of its concession agreement, but said perhaps two years might be good enough. “I don’t believe nineteen years is even practical. That is doubling the life of the extension. That bridge is supposed to come back to us (government) ...

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Berbice Bridge Company complies with “unlawful” govt takeover of bridge

The Berbice Bridge Company Inc. (BBCI) on Tuesday said it has decided to comply with what it termed an “unlawful” toll order to temporarily take over the maintenance and operations of the bridge. “The BBCI considers that it has no alternative but to comply with the Order issued by the Minister prohibiting the Company from implementing the Toll Order Adjustment ...

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Large quantity of illegal pesticides seized

Inspection and Enforcement Officers of the Pesticides and Toxic Chemicals Control Board (PTCCB), in collaboration with the Guyana Police Force, on Sunday last thwarted a major smuggling operation and confiscating approximately 300 kilograms of illegal or unregistered pesticides, the Ministry of Agriculture said Monday. The operation which took place at approximately 23:00hrs, saw inspectors of the authority along with officers ...

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Govt takes over Berbice Bridge temporarily; tolls to remain the same

The Guyana government on Monday temporarily took over maintenance and operations of the Berbice River Bridge, under what it says are provisions of the law governing that thoroughfare and that the tolls would remain the same. “Therefore, in accordance with the powers conferred upon the Minister by Sections 4 (1) and 11 of the Berbice River Bridge Act, in the ...

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Berbice Bridge Company asks govt for 19-year extension of concession to avoid massive toll increases

The Berbice Bridge Company Inc. (BBCI) wants government to extend its concession by another 19 years to avoid a 400 percent increase in tolls from November 12. In a letter dated November 2, 2018 to Minister of Public Infrastructure David Patterson, the Finance Controller/Corporate Secretary of the Berbice Bridge Company  Stephen Rambajan indicated that much would depend on the outcome ...

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