Business

The Berbice Bridge Company  on Tuesday announced increased tolls from November 12, 2018 after refusing government’s offer to service the bridge pontoons. The decision to hike the tolls, according to the company, was done based on legal advice from the law firm of Cameron and Shepherd whose principals include Attorney-at-Law, Ralph Ramkarran. The Berbice Bridge Company said the actual cost ...

The Guyana government Monday night ruled out granting “special favours” to oil and gas companies and assured investors that the David Granger-led administration was not corrupt. Addressing a 50-member trade and investment delegation from the Canadian province of Newfoundland and Labrador, Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe cited the need for predictability as ...

Guyana and the oil-rich Canadian province of Labrador and Newfoundland on Monday inked a three-year agreement of collaboration in “support of responsible oil and gas development opportunities”. “The parties will facilitate economic cooperation and business opportunities in Guyana and in Newfoundland and Labrador by organising reciprocal visits to the other jurisdiction that include representatives of industry and government,” the agreement ...

Even as the Minister of Public Telecommunication, Cathy Hughes on Monday fended off claims of potential conflict of interest as a result of her husband’s legal services in the oil and gas sector, the privately-owned Stabroek News newspaper said the Hugheses had sufficient time to allay fears and concerns. Editor-in-Chief, Anand Persaud said his newspaper did not contact the Hugheses before ...

Less than two months before Monday’s escape of three prisoners from the East Coast Demerara-based Lusignan Prison, the Private Sector Commission had warned Public Security Minister, Khemraj Ramjattan about the inhumane conditions at that penitentiary and security risks being posed to prison guards. “While the Commission is concerned about the safety and security of the public, it is also disturbed ...

The well-known Guyanese law firm- Hughes, Fields and Stoby- that recently opened offices in the United States ‘oil capital’ of Houston, Texas on Monday said Minister of Public Telecommunications, Cathy Hughes had briefed Cabinet on her “interests”, in the wake of concerns potential conflict of interest by government minister, Cathy Hughes. “We believe that the Minister has declared her interests ...

A Guyanese pilot, who was responsible for flying out two small planes from the Eugene F. Correia ‘Ogle’ International Airport two years ago without approval, died in a plane crash off the Long Island, New York coast on Saturday, well-placed sources confirmed. Dead is Munidat ‘ Raj’ Persaud. United States (US) authorities have not yet identified the body, but his ...

Guyana and the Canadian province of  Newfoundland and Labrador are next week expected to sign a memorandum of understanding on cooperation in oil and gas, the Canadian High Commission here announced on Friday. Touting the fact that that province has significant experience in servicing Floating Production, Storage and Offloading (FPSOs) and oil rigs, the diplomatic mission in Guyana said the ...

Guyana is moving to increase trade with Cuba to which millions of dollars in goods have been exported, the Ministry of Foreign Affairs said Friday. Guyana’s Ambassador to Cuba, Halim Majeed, disclosed that the amount of rice exported in 2018, for instance, has more than quadrupled when compared to last year. “In 2017, we sold 15,500 tonnes of rice to ...

The Caribbean Community (CARICOM) needs three regional shipping hubs and slackening paperwork bottlenecks to improve transportation, even as Barbados’ Prime Minister, Mia Mottley  said producing large amounts of food in Guyana and Suriname would be senseless if the constraint of regional transportation is not removed. “Production of vegetables or fruit crops in Guyana or Suriname will mean nothing to the majority of ...