Business

Public Works Minister Juan Edghill on Monday announced that he and his Surinamese counterpart would this week hold talks  about the selection of the final bidder to construct the Corentyne River Bridge that would link both South American nations. He told a news conference that bids for the studies, design and preparation were being evaluated by Guyana’s National Procurement and ...

IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. ...

Two youths from Georgetown  on Tuesday pleaded guilty to robbing a businessman and his wife at their shop at Charity waterfront, Essequibo Coast, the Guyana Police Force said. Magistrate Esther Sam sentenced 25-year old Nigel Bentick of South Ruimveldt and 21-year old Isaiah Okmie Barclay called Black Boy  of D’urban (Joseph Pollydore) Street, Lodge to 30 months imprisonment. Police had ...

Two Essequibo Coast youths were Saturday – New Year’s Day – arrested and $4.8 million and other items recovered, hours after they robbed and injured a businessman and his wife at Charity Waterfront, the Guyana Police Force said. Those in custody are 21 and 25 years old, police added. Police said they also recovered just over GY$1.1 million in Digicel ...

President Irfaan Ali on Saturday- New Year’s Day- promised Guyanese that the members of the Natural Resource Fund Board of Directors would not be politically-aligned persons, even as assailed the opposition for last Wednesday’s ruckus in the National Assembly. “We have created a governance and operational structure that is transparent and accountable and in which non-political, highly reputable persons carry ...

The National COVID Task Force has decided to allow churches, bars and restaurants to open until 12:45 AM/ 00:45 hours New Year’s Day only. “The National COVID-19 Task Force has noted a great demand by sections of the public to celebrate the holidays in the traditional ways during the festive season,” the Task Force said in a statement late Thursday ...

Pressure early Wednesday after continued to intensify on government to put a brake on debate and passage of the controversial Natural Resource Fund Bill so that the public can be involved in crafting the new law, less than two hours before it is due to be considered by the National Assembly. The Georgetown Chamber of Commerce and Industry (GGCI) issued ...

Four civil society organisations, People’s National Congress Reform (PNCR) and A New and United Guyana (ANUG) are worried that the Irfaan Ali-led administration is setting the stage to waste Guyana’s oil revenues under the guise of emergency use. The Guyana Trades Union Congress (GTUC), the pro-inclusionary democracy non-government organisation Article 13, and Transparency Institute of Guyana Inc (TIGI) said the ...

President Irfaan Ali and at least three civil society organisations are at odds over provisions of the new Natural Resources Fund legislation ahead of its parliamentary debate on Thursday. The Guyana Trades Union Congress (GTUC), Transparency Institute of Guyana Inc. (TIGI) and Article 13,the Civil Society Group formed to promote inclusionary and participatory governance, said that there is insufficient time ...

Non-management workers of Republic Bank (Guyana) Limited are now being represented by the Guyana Civil Servants and General Workers’ Union (GCSGWU) and the two sides are due to sign a Collective Labour Agreement next year, a union official said Monday. GCSGWU President, Gregory Gaspar said the Trade Union Recognition and Certification Board earlier this month issued his workers’ organisation with ...