Reproduced from Bloomberg Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said. While Guyana should honor the existing deal, future contracts should ensure the state gets a higher portion of crude proceeds, the fund said in a report ...

Chairman of the People’s National Congress Reform (PNCR), Basil Williams on Monday said the members of his party will determine whether he returns to the number two spot of that political party. Party sources have indicated that Joseph Harmon is interested in the number two post of that party. Harmon has already declined to comment on his availability for the ...

Britain says corrupt Guyanese law enforcement agents must be extracted from the law enforcement agency, convicted and jailed because there is no place for such persons in the Guyana Police Force. Addressing the opening of a two-week workshop on fraud, bribery and corruption, Britain’s High Commissioner to Guyana, Greg Quinn said he was unapologetic in his stance. “There is no ...

Attorney General and Minister of Legal Affairs, Basil Williams on Monday said the extent of corruption by government officials is far less compared to up to about three years ago. “I could venture without any fear of successful contradiction that since we entered into government, we have not experienced any case of the scale of those that we have inherited ...

A 16-year old armed robbery suspect, who escaped from police custody, was arrested Sunday and handed over to police by his mother, the Guyana Police Force said. “Prompt and spirited action by residents of Sophia, has led to the recapture of a 16 year old fugitive, who escaped from lawful custody at the Cove and John Police Station today Sunday ...

The Ministry of Finance on Saturday said Guyana has not borrowed any money from the Islamic Development Bank (IsDB), but could potentially tap into a total of US$900 million in loans and grants “Guyana has not received any loans from the Islamic Development Bank,” the Finance Ministry said after Opposition Leader  Bharrat Jagdeo criticised government for borrowing US$900 million from ...

Police said they arrested three persons, including a 65-year old man, have been arrested in connection with allegedly threatening to assassinate Guyana’s President, David Granger. Investigators said the threatening phone calls were made against the life of Granger on the 911 system at Brickdam on the 20th March, 2018. Previously, an inmate of the Lusignan Prison had been charged with ...

Several of Guyana’s publicly owned hospitals are being upgraded to make them more resistant to floods and storms caused by climate change, as part of a United Kingdom (UK)-funded project that targets seven Caribbean countries, officials said Friday. The UK’s ‘s Department for International Development (DfID) is financing the regional SMART Health Care Facilities Project to the amount of 38 ...

A 16-year old boy is among three persons arrested by police for allegedly being in possession of three guns. Police said the teen was suspected to have perpetrated an armed robber. The Guyana Police Force said law enforcement agents in ‘C’ Division arrested the trio from Sophia. The items seized are one .40 Taurus Pistol with six live rounds, two .32 ...

A sobbing and red-eyed Guyana Defence Force (GDF) Captain Orwain Sandy was Friday arraigned on a charge of murder, after he allegedly gunned down his reputed wife at Alexander Village almost one week ago. Shackled and handcuffed, Sandy was not required to plea to the indictable charge when it was read to him by Principal Magistrate, Judy Latchman. He sobbed ...