Though many non-bank cambios are selling United States dollars at a rate of GY$219 for US$1, Guyanese are being assured that there is sufficient foreign exchange in the l0cal market and there are new rules governing currency trading. “Most of the banks are comfortable but when they have this money, they just give it out to make profit so we ...

Vice President Bharrat Jagdeo on Wednesday ruled out the holding of a popular vote alongside next year’s general elections on whether the 2016 Production Sharing Agreement (PSA) between Guyana and ExxonMobil should be renegotiated. “It might be something that we may want to do but I don’t want to complicate the 2025 elections…by talking about referendum now,” he said when ...

Guyana would soon be amending the Income Tax Act to block oil sector companies from evading income tax payments by rotating foreign workers, Vice President Bharrat Jagdeo said Wednesday. “They’re rotating them for six months and then sending them back so they’re bypassing their eligibility for taxation,” he told a news conference. Mr Jagdeo said in a number of instances, ...

The Caribbean Court of Justice (CCJ) on Wednesday ruled that two parliamentary secretaries who were appointed by the People’s Progressive Party Civic (PPPC) administration after the March 2020 general elections could now sit and participate in the National Assembly. CCJ Judge, Winston Anderson said the decision, which was prepared by the President of the Court, Adrian Saunders, was unanimous. Ms ...

By Dr Randy Persaud, Professor Emeritus, American University A free press is one of the main foundations of a democratic society. Those who don’t have it, long for it. Many have died for it. Yet, some who make a living through the institution of press freedom here in Guyana, have chosen to abuse it with a vengeance. The abuse in ...

by GHK Lall I have been unambiguous before, and will be just as unambiguous today. Exxon must make rich returns on its oil investments in Guyana. It has. Beyond imagination, spreadsheet calculation, leadership vision. In identical fashion, so must Guyana. The Guyanese people must also make money. Much more money from their oil, and not in the meager amounts that ...

By GHK Lall Guyanese owe Ram & McRae, a venerable local accounting firm, a word of gratitude for its efforts with that survey. That oil contract and oil management survey took the temperature of Guyanese on their oil. It was warm, warmer, then blistering in some spots. The survey provides the first warning signs that things are not so well ...

Assistant Police Commissioner, Calvin Brutus, who is facing dozens of financial crime charges, is set to be interdicted from duty, a well-placed source said Tuesday night. The source said Police Commissioner, Clifton Hicken was Wednesday expected to formally inform the Police Service Commission (PSC) that Mr Brutus was facing criminal charges. According to the official, who is knowledgeable about the ...

The Guyana Elections Commission (GECOM) on Tuesday voted 4-3 to appoint a Civic and Voter Education Manager and a Logistics Manager, according to commissioners from both sides. People’s Progressive Party Civic (PPP) Commissioner, Sase Gunraj said Mr Delon Clarke was the preferred choice for the position of Logistics Manager, beating off former Logistics Officer, Colin April, former Assistant Chief Elections ...

The Environmental Protection Agency (EPA) on Monday said tests of soil samples collected from properties at Crane, West Bank Demerara, have shown no sign of petroleum but tests were continuing to ascertain the type of substance. “Analysis of the samples by Forensic Laboratory and the Pesticides and Toxic Chemicals Control Board (PTCCB) confirmed that no petroleum-based hydrocarbons were found in ...