Business

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery at the ...

Hundreds of Caribbean Airlines passengers destined for Guyana were up to Sunday night stranded in Trinidad, and hundreds others suffered delays in departing from the Cheddi Jagan International Airport (CJIA) but officials maintained that the airport was never closed. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col. Egbert Field stressed that the Cheddi Jagan International Airport was ...

The Ministry of Public Infrastructure has banned beach parties and other activities involving loud music on the Kingston Foreshore which stretches from aback Marriott Hotel to Police CID headquarters. “Approvals will not be granted for the use of the Kingston Foreshore between Fort Groyne and Camp Street as a venue for entertainment, social and other events which are likely to ...

Chairman of the Commission of Inquiry into the operations of the Georgetown City Council, Retired Justice Cecil Kennard on Friday said the probe has recommended disciplinary action against Town Clerk, Royston King for the lease of land that does not belong to the City and for conducting such a transaction without  Council’s approval. “The Town Clerk (ag) interpretation of the ...

Former Minister of Housing, Irfan Ali was Wednesday released on self-bail (no cash) on 18 charges of conspiring to defraud government of a total of GYD$174 million by selling land below their valued prices. He has to return to court on January 7, 2019. Chief Magistrate Ann Mc Lennan released Ali in his own recognizance after Prosecutor, Attorney-at-Law Patrice Henry ...

Former Minister of Housing, Water and Tourism in the People’s Progressive Party Civic (PPPC)-led administration, Irfan Ali was early Wednesday morning arrested by agents of the police force’s Special Organised Crime Unit, multiple sources confirmed. The sources said he has been charged and he is expected to be arraigned before a City magistrate some time Wednesday. SOCU agents arrived at ...

Reproduced from Jamaica Gleaner Fly Jamaica has been hit with a class action lawsuit following the November 9 incident in which one of  its planes crash landed at the Cheddi Jagan International Airport in Guyana. Two Canadian law firms filed the lawsuit last Friday with the Superior Court of Ontario against Fly Jamaica for injuries and losses sustained. The class ...

The Ministry of Finance is concerned about Republic Bank’s likely dominance of the banking sector, in the wake of Tuesday’s announcement of a buy-out of Scotiabank’s operations in Guyana and several other Caribbean countries. “The agreement raises a number of issues for the banking sector in Guyana and for the public which the Ministry of Finance, the Bank of Guyana ...

Port-of-Spain, Trinidad: Tuesday November 27, 2018 – Republic Financial Holdings Limited (RFHL) on Tuesday announced that it has entered into an agreement to acquire Scotiabank’s banking operations in Guyana and several other Caribbean countries. The other Scotiabank operations in the takeover are in St. Maarten and the Eastern Caribbean territories, including Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and ...

Opposition Leader, Bharrat Jagdeo on Monday assailed government’s 2019 National Budget moments after Finance Minister, Winston Jordan delivered a GYD$300 billion package of revenues and expenditures. ‘We can’t support this budget, not in its current form,” Jagdeo said, adding that the opposition People’s Progressive Party (PPP) had expected government to take into consideration its concerns and the pending no-confidence motion. ...