Business

The Pan American Health Organisation (PAHO) is advising countries in the Americas to stiffen a range of measures in response to soaring COVID-19 infections and deaths, but Guyana  has so far ignored that recommendation. PAHO’s Director Carissa Etienne in this week’s news conference hailed leaders in the Americas who have begun instituting lockdowns “It’s no surprise, then, that many countries ...

What started off as a very small quantity of smoke oozing from the second flat of Sharon’s Mall on King and Charlotte Streets, Georgetown, ended up being a catastrophic fire that engulfed the entire steel-framed building. Many businesses- including stores, eateries and lawyers’ offices- were all destroyed. Firefighters stood virtually helpless as the water from their hoses was no match ...

Guyana will not start spending its almost US$300 million in oil revenues on priority areas until the Petroleum Commission is established and the Sovereign Wealth Fund legislation is amended, President Irfaan Ali said Wednesday. “We have a number of things that we have to do in terms of setting up the Petroleum Commission. We have to also look at the ...

President Irfaan Ali on Wednesday said the National COVID-19 Task Force has been asked to explore charging owners and managers of entertainment places where many persons go in violation of social distancing rules, even as government plans to amend the law to  allow for stiffer penalties. “I have asked the Prime Minister to discuss with the Task Force how we ...

President Irfaan Ali on Wednesday announced that a board member of the State-owned Guyana Oil Company (GUYOIL) and an employee have been ordered removed because of “inappropriate” communication about possible plans to import emergency fuel supplies for the Guyana Power and Light (GPL). “We have also made it very clear that all those who had inappropriate contact must be removed,” ...

With a strike threat still looming over the state-owned Guyana Power and Light (GPL) for increased salaries,  workers on Tuesday began publicly agitating by picketing various locations countrywide. Dozens of workers staged a midday picketing demonstration outside GPL’s Main Street office to vent their frustration at the months-long delay in settling the salaries dispute for the 750 unionised supervisory to ...

ExxonMobil said today it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels, the company announced. ExxonMobil said drilling at Uaru-2 encountered approximately 120 feet (36.7 meters) of high ...

Vice President Bharrat Jagdeo on Monday insisted that the proposed US$810 million to US$900 million gas-to-shore project would be viable in years to come, despite ongoing progress in scaling up renewable energy sources and reducing dependence on fossil fuels. “I don’t believe fossil fuel prices will fall. You still have a large number of years when fossil fuel prices will ...

The Attorney General Anil Nandlall welcomed the High Court’s decision to throw out a pro-opposition election petition but Opposition Leader Joseph Harmon castigated the court, suggesting that the ruling was politically motivated to favour the People’s Progressive Party (PPP). “This is a clear attempt to protect the installed PPP regime from scrutiny and from being removed from government where they ...

The owner of a supermarket at Diamond, East Bank Demerara was Saturday morning robbed by two bandits one of whom was armed with a handgun, police said. The victim, Lianggeng Wu, told police that he was robbed of GYD$300,000 cash when the robbers forced him at gunpoint to reenter his supermarket named Tan Yuan Meng and located at Lot 593 ...