Business

As a shake-up in the administration of the Demerara Harbour Bridge and the Asphalt Plant looms as early as this week, authorities say they have uncovered records showing that more than GYD$500,000 of government funds were used to purchase a band and a tiepin purportedly for then Public Infrastructure Minister David Patterson’s birthday but he insisted that he never received ...

President Irfaan Ali on Thursday promised that his administration would build 1,000 houses in Region 10, 50 of which will be for young professionals by this October, and already A Partnership for National Unity+Alliance For Change (APNU+AFC) has said the announcement was in response it its call and that it would ensure government keeps its promise this time, The plans, ...

Total and Apache Corp. have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname, Oilfield Technology reported. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi, The well was drilled by a water depth of about 725 m and encountered a total of 63 m net ...

An Indian company and the Transport and Harbours Department of the Ministry of Public Works on Wednesday signed an agreement to build an ocean-going vessel at a cost of US$ 12,733,403 to ply the Georgetown-North West District route, the Indian High Commission said. The Garden Reach Shipbuilders & Engineers Ltd (GRESL), a Government of India Undertaking under the Ministry of ...

The Ministry of Foreign Affairs and International Cooperation has hired an American lobbying firm to target a United States Congress, other key American government agencies, including the National Security Council, and international organisations and financial organisations to impress upon them the importance of doing business with Guyana and preserving democracy. According to the filing with the United States (US) Department ...

Citing reduced demand for oil due to the coronavirus and a slump in international prices, the United Kingdom (UK)-based non-governmental organisation, Global Witness, has withdrawn its report titled Signed Away  that had estimated that Guyana would lose at least US$55 billion from the oil deal with ExxonMobil. “Moreover, since publication, oil prices have dropped by more than a third. As ...

Top officers of the Guyana Defence Force (GDF) were Monday grilled about glaring discrepancies concerning the use of vehicles and high maintenance costs, including GYD$8 million that was spent on repairing one vehicle every month during 2016. “Additional time would definitely give us an opportunity to peruse all documents and even interface a little bit more with the State auditors ...

The Ministry of Health on Friday named a 19-member broad-based National COVID-19 Vaccines Task Force in preparation for the arrival and roll out of the immunization campaign against the coronavirus disease in Guyana. Chairing the Task Force is Health Minister Dr. Frank Anthony who disclosed that already the body has been tasked with developing a training manual on how to administer ...

The Guyana Fire Service’s  headquarters operation will  be decentralised due to  heavy traffic congestion in the Stabroek Market area which delays emergency response, the latest being on Friday when fire tenders took eight minutes from the Central Fire Station to Fogarty’s building. “That is also under active consideration- either to remove or, as we say, declutter our area around the ...

Fire on Friday morning in the kitchen area of Fogarty’s building damaged a section of  the building and caused the suspension of business by several stores in the huge concrete building located on Water Street, Georgetown. Fire Chief Marlon Gentle told reporters at the scene that the blaze is believed to have been caused by a malfunctioned extractor fan. Mr. ...