In the wake of a request for parliamentary approval of an additional GY$1 billion for the state-owned Guyana Sugar Corporation (GUYSUCO), opposition Shadow Finance Minister Volda Lawrence on Monday cast doubt on that loss-making entity’s budget process as it has already chalked up GY$12 billion in operational expenditure up to October 2022. “Are you saying that in your planning for ...

Government on Monday said it is pumping a GY$15.6 billion subsidy into the supply of electricity on the coastland as well as several interior towns and districts. Public Works Minister II Deodat Indar said Guyana Power and Light (GPL), which supplies electricity to the Essequibo, Demerara and Berbice coastal communities, needed GY$14.3 billion more to cater for the sharp rise ...

Prominent Roman Catholic priest in Guyana , Father Malcolm Rodrigues S.J. passed away on Sunday evening at the St Joseph’s Mercy Hospital, multiple sources in the church confirmed He was 81 years old. Monsignor Terrence Montrose remembered Fr Rodrigues as someone who made an indelible mark in Guyana’s political, religious and national sphere. “He had a great contribution in the ...

Sheriff Security Service was robbed of a GY$500,000 payroll while guards at Guyana Shorebase Inc (GYSBI), Houston, East Bank Demerara were being paid, police said. The robbery was committed at about 6:20 PM Saturday by two males who arrived on the scene on  motorcycles. Police said  the incident was reported three hours later at 9:15 PM. Police said the Site ...

The International Decade for People of African Descent Assembly- Guyana (IDPADA-G)- the country’s privately-run coordinating mechanism for the United Nations Decade for People African Descent- wants the High Court to order the immediate payment. Att0rney-at-Law Nigel Hughes told reporters on Friday that the High Court has asked the Court to issue a mandatory order directing the Minister of Culture, Youth ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) on Friday asked the High Court to block the Guyana Elections Commission (GECOM) from using the existing voters list for the March 13 Local Government Elections on the grounds that it was extracted from the list for general and regional elections, and does not take consider residency of electors. “A ...

Hess C0rporation, one of the co-venturers in the prolific Stabroek Block, on Friday inked deal with government to buy US$750 million in carbon credits from Guyana, which would see Indigenous Indian communities getting a portion of the funds, officials said. Vice President Bharrat Jagdeo announced that from US$28 million of the US$187 million legacy credit for 2016-2020 which Hess has ...

Hess Corporation and the Government of Guyana on Friday announced an agreement for Hess to purchase high quality carbon credits for a minimum of US$750 million between 2022 and 2032 directly from the Government of Guyana. The company says this agreement will serve to support Guyana’s efforts to protect the country’s vast forests and provide capital to improve the lives ...

Guyana will sign its first sale agreement on carbon credits on Friday, December 2. President Dr Mohamed Irfaan Ali will witness the signing at the Baridi Benab, State House. Speaking at the Guyana Oil and Gas Energy Chamber’s Annual Awards and Induction Ceremonial Dinner on Wednesday, Vice President Dr Bharrat Jagdeo said Guyana will be the only country in the ...

The West Indian Rum and Spirits Association (WIRSPA) is lobbying Caribbean Community (CARICOM) stakeholders to reject an application for tariffs to be imposed on glass bottles produced  extra-regionally on the grounds that a Trinidad-based company would be unable to satisfy regional demand. WIRSPA Chairman Komal Samaroo specifically asked the Guyana Manufacturing and Services Association  (GMSA) to join forces with regional ...