Business

Amid claims that Town Clerk, Royston King allegedly leased a Lombard Street wharf that supposedly does not belong to the City Council, new information surfaced on Monday that two other entities are laying claim to the property. Paul Sandy, the lone Director and Secretary of Quick Shipping Inc; testified before a Local Government Commission-organised Commission of Inquiry that he paid ...

Foreign Affairs Minister, Carl Greenidge seemed less than enthusiastic about the idea of conditional direct cash transfers of oil revenues to very poor Guyanese. Speaking with Guyanese in New York at the weekend, he said already many people, who get financial support from their overseas-based relatives and friends, are not inclined to seek employment and engage in annoying activities that ...

Guyana’s Foreign Affairs Minister, Carl Greenidge on Saturday said his country would not support the invasion of Venezuela from where people are continuing to flee worsening political, economic and social conditions. “We have no interest, as a government and I think that is true of the opposition also in orchestrating or encouraging anybody to invade Venezuela,” he told a meeting with ...

A prominent Guyanese law firm, which has now opened offices in the United States oil capital of Houston, Texas, will be monitoring all legislation and regulations that might impact on oil industry companies that are operating here or plan to do so, officials said Friday night. The Guyana-headquartered 36-year old law firm-Hughes, Fields and Stoby–  Friday night launched Hughes, Fields and ...

As debate continues over whether Guyana might have lost millions of United States (US) dollars to ExxonMobil in the development of Liza Phase One,  government here on Friday announced that steps were being taken to reduce controversies in calculating costs. This announcement was made by Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe at the ...

British-trained oil and gas resource person, Charles Ramson Jr. on Friday called for the removal of other natural resources such as forestry and gold from the proposed sovereign wealth fund, and the erasure or amendment of permanent tax  from Guyana’s future Production Sharing Agreements (PSAs). Just back from a University of Oxford Oil Gas and Mining Executive Course, Ramson announced that ...

As 74 Guyanese nurses prepare to leave to take up job offers in the United Kingdom, Guyana’s Public Health Minister, Volda Lawrence announced in the United States (US) that government would be setting aside 30 acres of land to construct a nursing college to train local and Caribbean health care personnel. Addressing overseas-based Guyanese in Washington DC where she was ...

Town Clerk, Royston King leased a parcel of land to a shipping company, but the Commission of Inquiry into the operations of the Georgetown Municipality says that land is owned by government’s holding company for State assets. Chairman of the one-man Commission of Inquiry into City Hall’s administration, Retired Chancellor of the Judiciary, Cecil Kennard that the probe would focus, ...

The Guyana government on Monday confirmed the appointment of a new Board of Directors for the state-owned Guyana Sugar Corporation (Guysuco), after months of haggling over who has the authority to appoint that governance structure. After the National Industrial and Commercial Investments Limited (NICIL), which is closely linked to the Ministry of Finance, had taken over responsibility for a number ...

The Alliance For Change (AFC) and the Working People’s Alliance (WPA) on Sunday looked set to collaborate on whether there should be conditional direct cash transfers of oil revenues to poor Guyanese households. WPA Executive Member, David Hinds confirmed that the AFC has contacted his party and was now awaiting further word from that party. “WPA welcomes the AFC stance ...