Business

The People’s National Congress Reform (PNCR) on Wednesday slammed the Irfaan Ali-led administration for shutting out the opposition from the Natural Resource Fund’s (NRF) Board, dashing hopes of keeping an eye on how the ‘oil money’ would be spent. “By these actions, the PPP has shown again its total lack of interest in transparency, accountability and inclusivity. It continues to ...

In the wake of concerns by the Caribbean Private Sector Organisation (CPSO) about whether Guyana’s local content legislation is breaching Caribbean Community (CARICOM) single market rules, regional leaders have agreed to consider what should the amount of local content and over what period, Barbados Prime Minister Mia Mottley said Wednesday. Briefing the media on the outcome of the CARICOM mid-term ...

Increasing agriculture output and reducing the 15-nation Caribbean Community’s (CARICOM) food import bill have received a financing boost with the availability of credit facility at Republic Bank. In a statement issued late Tuesday night, the Guyana government said President Irfaan Ali reported to colleague CARICOM leaders at their mid-term summit in Belize that “concrete progress” has been made in getting ...

ExxonMobil Guyana on Monday denied obtaining a US$2.5 billion insurance to cover the clean-up of the environment due to an oil spill or any other occurrence but former Executive Director of the Environmental Protection  Agency (EPA), Dr. Vincent Adams hours later insisted that such coverage had been obtained during his tenure. “Contrary to claims in the media, ExxonMobil Guyana never ...

An early Sunday morning fire destroyed a residence and a major business on the Essequibo island of Wakenaam. The business owner’s name is Anil Rambarran. He was rushed to the Wakenaam Hospital because his blood pressure apparently increased, sources said. The hospital now only has one doctor as the other has been removed. The fire erupted at about 3 AM ...

The People’s National Congress Reform (PNCR) on Tuesday argued against government building a more than US$1 billion natural gas pipeline, and instead suggested that the gas be shipped to shore or other markets. PNCR Central Executive Member, Retired Rear Admiral Gary Best declined to provide details to justify his party’s preference for shipping, instead saying that would be done before ...

A search, rescue and recovery team on Monday spotted the net of the trawler that capsized in the Atlantic sea early Sunday morning, resulting in the disappearance of three fishermen, Public Works Minister II Deodat Indar said. “They saw the net floating in the general area where the trawler sank,” he told News-Talk Radio Guyana 103.1 FM/ Demerara Waves Online ...

As families await word about the disappearance of three fishermen after a seabob trawler sank off the coast of Mahaicony early Saturday morning, officials on Monday said emergency response was hampered by the late delivery of information to authorities. “Our understanding is that there was no information passed on to the Lighthouse or MARAD (Maritime Administration) at the time of ...

A search has been launched for several fishermen who have gone missing and are feared dead after the trawler they were working on capsized. Those missing and feared dead are Harold Damon, Winston Sam and Ronald Burton. The lone survivor is Vincent Dazzell who claimed that he was rescued by fishermen and given a bus fare to Georgetown. He has ...

A more than 2o-year-old idea to generate electricity from wind for consumption by Guyanese could this year move to the installation of six turbines at Hope Beach and Chapman’s Grove, East Coast Demerara and their output would be supplemented with solar energy during periods of less wind, an official said. Project General Manager for the Hope Energy Development Project, Johan ...