Business

Trinidad and Tobago’s Prime Minister, Keith Rowley and the President of Guyana, David Granger on Wednesday dismissed concerns by sections of the Guyanese private sector that a memorandum of understanding in energy they signed would see businesses from the twin-island nation taking over the business landscape. In clear references to concerns  that were flagged by the Georgetown Chamber of Commerce ...

A mining pit Tuesday afternoon collapsed and killed two miners at Mowasi Backdam, Konawaruk, Potaro, police “On the date and time mentioned above, the two deceased along with other persons were working at the pit wall, when rain was falling heavy at the time. Suddenly, a large portion of the pit wall break off and fell on both deceased, covering them ...

The Local Government Commission (LGC) on Tuesday dismissed suggestions that the Commission of Inquiry into the operations of the Georgetown Municipality could be seen as timed to coincide with upcoming Local Government Elections (LGE). With the LGE slated for November 12, 2018 and the announcement of Commission of Inquiry made less than one week ago, questions were raised about whether ...

The Guyana Police Force’s Special Organised Crime Unit (SOCU) has launched an investigation into the award of a GY$148 million contract to a Dutch company for the development of a feasibility study and design of a new Demerara River bridge,  a senior police officer said. “The matter was referred and we (police force) are investigating the matter,” the official told ...

The Ministry of Natural Resources on Friday said there was no “sinister motive or corruption” in decisions for the ExxonMobil’s Development Plan for Liza Phase 1 and the state’s regulatory Guyana Geology Mines Commission (GGMC) and contracted advisors were involved in the process. “Though it may be difficult for some to see presently, the nation will, in the near future, ...

The General Secretary of the Guyana Trades Union Congress (GTUC), Lincoln Lewis on Thursday called on decision-makers to go to ordinary Guyanese in their communities to discuss how the emerging oil sector can lift them out of poverty, and and he cited the need for at least 43 of the 65 parliamentarians to pass pro-development budgets. Lewis insisted that the Parliament ...

A Guyana Manufacturing and Services Association (GMSA)- organised forum on the proposed Sovereign Wealth Fund (SWF) on Thursday heard strong recommendations for the creation of a “non-political” legal entity to manage oil and other revenues, but Ministry of Finance Budget Director, Sonya Roopnauth says government’s model guarantees the involvement of highly qualified experts. “It is very difficult to take away ...

The Guyana Manufacturing and Services Association (GMSA) will Thursday hold the country’s first civil society forum on government’s proposed Sovereign Wealth Fund that will be used to save and manage the country’s expected huge inflows of oil earnings. The association, which represents more than 100 large and medium-scale businesses, plans to bring together a ranger of perspectives from government and ...

The Guyana Civil Aviation Authority (GCAA) is paying close attention to a claim by a domestic airline passenger that the pilot started a plane and then realised there was no fuel. “Boarded ASL flight for Port Kaituma a moment ago. Fastened seat belt and the captain turned the engine on and the plane refused to start. IT HAS NO FUEL. ...

An Air Services Limited’s (ASL) helicopter engine disintegrated as the aircraft was about to land at an interior location earlier this week, authorities confirmed Wednesday. The incident occurred on Monday at Hicks Camp and involved the Bell 206 helicopter bearing registration markings, 8R-GTR. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt.Col. Egbert Field confirmed that the incident occurred, ...