Business

Guyana’s plans to establish a law school have hit a major snag with the Caribbean Council of Legal Education (CLE) saying its treaty does not provide for countries or private entities to build and operate law schools,  a hurdle Attorney General Basil Williams said was raised for the first time at this weekend’s Council meeting. “At the moment, I don’t ...

The Guyana National Newspapers Limited (GNNL) has so far spent more than GY$5 million in three months mainly on equipment as well as office furnishings, according to  records. The spike in spending has occurred under the less than three-month old tenure of Sherod Duncan who was appointed  General Manager from June 1, 2018, just before the life of the Board of ...

Guyana’s ‘green’ state will receive a tremendous push through the hosting of Continuously Operating Reference Stations (CORS) Network workshops here, Minister of State, Mr. Joseph Harmon said Thursday. The Minister was, at the time, speaking at the closing ceremony of the third CORS Network Informative workshop held in the Training Room of the Guyana Lands and Surveys Commission (GLSC). The CORS Network, which ...

The Georgetown Chamber of Commerce and Industry (GCCI), fearful that Trinidad and Tobago companies were about to take over Guyana’s emerging oil and gas sector, has dispatched draft local content legislation that, among other things, seek to redefine what is a Guyanese company. GCCI President, Deodat Indar said if the draft local content legislation-which has been dispatched to government and the ...

The Guyana Telephone and Telegraph Company (GTT) fired 12 persons following the discovery of “suspicious activities”. “During a routine internal review of financial procedures, GTT documented suspicious activities which warranted further investigation. GTT’ spokeswoman, Jasmine Harris said police were called in and those given marching orders included managers and junior staff. Consequently, reorganization of staff resources was required to ensure ...

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,373 ...

A lone gun-toting bandit Wednesday afternoon committed a robbery at Bounty Supermarket’s branch at Kitty, Georgetown. “Nobody is injured. Everybody is safe and sound,” a reliable source told Demerara Waves Online News. A well-placed source said the man robbed the entity of an undisclosed sum of cash. None of the customers was robbed, but the bandit escaped with monies from ...

Digicel Guyana hosted their first ever back to school outreach in the mining town of Linden on Saturday August 25, 2018. The event which catered for more than 300 children featured a mobile dental clinic, barbering stations, backpacks with school supplies including books, stationery; snacks, fun and games. “This event is geared at giving back mainly to the children, hosting ...

Buyers from Asia, Caribbean and South America are expected in Guyana for the Trade and Investment Exhibition,”GuyTIE 2018″, the Ministry of Business announced Wednesday, ” The opportunities for business linkages, sales and promotion are nothing but far-reaching, allowing businesses to tangibly benefit from the interactions during the event,” the organisers said in a statement. Buyers have also registered from around ...

Mr. Matthew Wilks, an experienced senior oil and gas business developer and negotiator, has been appointed Oil and Gas Adviser in the Ministry of the Presidency’s Department of Energy, government announced on Tuesday. Mr. Wilks has 32 years of experience in the global oil and gas industry, spanning all segments of the energy value chain including exploration and production, liquid natural ...