Business

The Bank of Guyana, which regulates most local financial institutions, has frowned said Trinidad First Citizens Bank has not applied for a banking licence in Guyana although it has agreed to buy Scotiabank’s operations. “FCB does not have a licence to operate in Guyana. FCB has not submitted an application,” the Bank of Guyana said in a statement. The Central ...

The Bulletwoood-1 well, the first on the Canje Block, has come up dry, one of the minor stakeholders has announced. Westmount Energy Limited reports that its investee company, JHIA Associates, confirms that oil was not found in commercial quantities. “The well encountered quality reservoirs but non-commercial hydrocarbons,” Investegate reported. ExxonMobil started exploratory drilling in January Bulletwood-1 was the first of ...

The US$9.5 million Bell412Epi helicopter that Guyana purchased late last year is due to arrive on Saturday, Minister of Governance and Parliamentary Affairs Gail Teixeira said Tuesday. “The Bell helicopter that we had in the supplementary last year will be arriving on Saturday in Guyana,” she said. She made the disclosure while responding to questions by Opposition Leader Joseph Harmon ...

News- Talk Radio Guyana 103.1 FM today acquired the rights to broadcast the radio commentary of all the cricket matches to be played by Sri Lanka and  West Indies. The less than five-year old radio station welcomed the opportunity to be part of the game that has singularly united Caribbean peoples for centuries. “We have entered the radio commentary scene ...

The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) on Friday pledged critical political support to confront ExxonMobil on key issues facing the oil and gas sector. Contributing to the 2021 National Budget debate, APNU+AFC frontbencher, David Patterson publicly pledged political support to the governing People’s Progressive Party Civic in get the best from the burgeoning sector. “We are ...

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 ...