Business

Minister of Natural Resources, Vickram Bharrat on Friday said that when the Liza 1 well licence expires, new provisions governing flaring would form part of the new permit. Responding to A Partnership for National Unity+Alliance For Change’s (APNU+AFC) David Patterson during debate on the 2021 National Budget debate, Mr. Bharrat said that it was the then coalition administration that had ...

Faced with an acute shortage of coronavirus vaccines, the 15-nation Caribbean Community (CARICOM) bloc Thursday night announced that it would be buying some of the jab from Africa through a South Africa-led initiative. “Other initiatives, such as procurement through the African Union’s African Medical Supplies Platform (AMSP), as well as bilateral arrangements, are being pursued by some Member States with ...

In a judgment delivered on Thursday, the Caribbean Court of Justice (CCJ) urged the Guyana government to urgently consider reform of the Deeds Registry Act. The Trinidad-headquartered court issued the recommendation in a decision that allowed the appeal of Merlene Todd in the matter of Todd v Price and Jeboo and confirmed Ms. Todd’s title to a parcel of land ...

Junior Public Works Minister Deodat on Thursday painted a bleak picture of the Demerara Harbour Bridge, saying that it could cease working if there is no weight restriction until a new span is purchased at a cost of GYD$1 billion. “Span night might collapse soon, the spans that open- span nine and span ten-span nine is troublesome,” he told the ...

Agriculture Minister Zulfikar Mustapha on Wednesday announced that government has taken steps to recover a  GYD$2 billion debt that Panama has owed Guyanese rice exporters, even as he announced that more of the grain was being sold to neighbouring Brazil. “We are working to resolve that issue, Mr. Speaker,” he said. He told the National Assembly during debate on the ...

Attorney General Anil Nandlall said government was exploring ways of resolving a controversial land sale to Cevon’s Waste Management, following a formal appeal to President Irfaan Ali by the company’s Chief Executive Officer Morse Archer. Recalling that while his People’s Progressive Party Civic (PPPC) was in opposition had vowed to investigate “these land giveaways”, Mr. Nandlall said once investors were ...

Minister of Labour Joseph Hamilton on Sunday warned ExxonMobil and its contractors as well as other oil companies against paying Guyanese less than their foreign counterparts for the same jobs. “I will deal with that issue because we have heard several issues that for whatever reason they are in our space and they bring people here and they are paying ...

The Guyana government has issued an exemption order to expedite the licensing process for small internet providers, in keeping with its efforts to expand the telecommunications sector. Prime Minister , Retired Brigadier Mark Phillips made this disclosure during his guest appearance on NCN’s “Budget in Focus” on Friday. ” I have signed an exemption order that is linked towards 50-odd ...

A new telecommunications company, Canje Tel, plans to invest US$200 million in a subsea fibre-optic cable to mainly serve the offshore oil and gas operations and remote communities with little or no access to the Internet, a top official said Saturday. Senior Engineer at Canje Tel, Raymond Michael Kirton said an application and all supporting documents have been filed with ...

The Guyana-Suriname Ferry service will resume operations this Sunday but only nationals of these two countries will be allowed to cross, the Public Works Ministry says. Suriname is already on record as expressing fears that Brazilians, whose country is a major coronavirus hotspot, will eventually enter that former Dutch colony. Guyana’s Ministry of Public Works last night said only holders ...