Business

Suriname’s President Chandrikapersad Santokhi says the bridge across the Corentyne River will be built within five years with financing through a public-private partnership between Guyana and Suriname. “There are financiers ready, but we have to prepare well and go through the file carefully so that we do not make mistakes with matters that were agreed in the recent past,” he ...

In the wake of a sick out by several nurses of the Georgetown Public Hospital for increased salaries and COVID-19 risk allowances, Attorney General and Minister of Legal Affairs Anil Nandlall on Friday said COVID-19 patients could die and he warned the Guyana Public Service Union (GPSU) that if the industrial unrest continues people could be charged and workers could ...

Vice President Bharrat Jagdeo on Friday announced that Guyana would next week be formally liberalising the telecommunications sector, four years after modern legislation was passed, marking the end of a more than 30-year old monopoly on international voice and data. “Liberalisation is a promise that we made a long time ago. Both parties agreed to this and we need to ...

Health  Minister Dr. Frank Anthony on Thursday said when Guyana’s two international airports reopen to regular flights later this month, passengers would not be allowed to board flights unless they have a negative PCR test for COVID-19, and they might be required to take a second test on landing. Dr. Anthony said ideally PCR tests should be done within 72 ...

Prime Minister Mark Phillips on Thursday said government decided to reduce the curfew hours to help revive flagging business activity, even as he insisted that Operation COVICURB that will include the closure of businesses that breach the 9 PM curfew start. “We want to achieve a curb in the spread of COVID-19. The reality people have to live. They have ...

The production licence for the Payara oil field, which was signed on Thursday after a review of ExxonMobil’s field development plan, prohibits routine flaring but provides for more studies on the pros and cons of reinjecting produced water. In the document signed by representatives of Esso Exploration and Production Guyana Limited (EEPGL) and the Guyana government, the Petroleum Production Licence ...

Leader of the Alliance For Change (AFC), Khemraj Ramjattan on Wednesday said A Partnership for National Unity (APNU) councillors’ vote for one of their members to be the Vice Chairman of Region Four (Demerara-Mahaica) was a clear violation of a recently inked formal agreement between the two political organisations. He sharply debunked People’s National Congress Reform (PNCR) executive member, Dr. ...

IRVING, Texas – ExxonMobil has made its final investment decision to proceed with the Payara field  offshore development in Guyana after receiving government approvals. Payara is the third project in  the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in  2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. ...

SEAF Caribbean SME Growth Fund has acquired a majority ownership interest in Camex Restaurants Inc. in Guyana, which will enable the fast food restaurant franchisee to push its growth and expansion plans. The transaction will be completed over the coming week. Camex Restaurants Inc. is Guyana’s largest restaurant operator boasting some 28 franchise/locations spread across Guyana with five, brands including ...

Several stores have been selling fake Samsung tablets to people who are eager to take advantage of Online teaching-learning devices, but the  Competition and Consumer Affairs Commission (CCAC) says consumers have been complaining that many of the devices cannot download apps. A CCAC spokeswoman said that regulatory agency has so far received 10 complaints and has so assisted four consumers ...