Business

The bipartisan Public Accounts Committee (PAC) of Guyana’s National Assembly was Monday informed that a number of then officials of the Maritime Administration (MARAD) were relieved of their duties for allegedly not abiding by the procurement rules that had led to the variation in the award of multi-million-dollar contracts. Government parliamentarian Dharamkumar Seeraj and his opposition counterpart, Ganesh Mahipaul questioned ...

Worried about a “soft invasion” of Guyana and eventual annexation of the Essequibo Region by Venezuela, the opposition People’s National Congress Reform-led A Partnership for National Unity (APNU) and the Alliance For Change (AFC) on Tuesday called on government to screen Venezuelan “refugees”. “Should they become a majority in any sizeable area of our territory, Guyana could face the threat ...

ExxonMobil President Alistair Routledge on Tuesday acknowledged telling a parliamentary opposition delegation that an agreement had been reached with government for the reduction in disputed audited costs to US$3 million but said that was not a formal accord. “We did not have any formal agreement from the ministry and,indeed as the ministry, the minister and the Vice President made clearer, ...

Guyana is training more nurses, providing advanced training to doctors, buying higher quality equipment and encouraging surgeons from across the Caribbean to come here to share their expertise as part of a wider plan to gear up the country to become a medical “hub” for the rest of the region, according to Health Minister Dr Frank Anthony. “In another couple ...

A Dutch company and a Chinese company have submitted bids to Guyana’s National Procurement and Tender Administration Board (NPTAB) to build the Corentyne River bridge. They are The Netherlands-headquartered Ballast Nedam and China Road and Bridges. Ballast Nedam has built most major river bridges in Suriname. Demerara Waves Online News was told that the next step is for the bids ...

ExxonMobil on Friday remained silent amid calls by Guyana’s opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) for the company to exhibit integrity and admit that it informed the lawmakers that it had reached an agreement with government to reduce disputed costs from US$214 million to US$3 million. A company spokesman said he forwarded a Demerara Waves Online News ...

President Irfaan Ali has said that Guyana is running out of large acreages of land on the coastal strip. Speaking at the recently held Guyana-Canada Chamber of Commerce Dinner and Awards, he said, “the reality is that we don’t have that land now on the coast.” He said he asked for pictures of new developments asked for pictures of the ...

Opposition parliamentarian David Patterson and two other colleagues Thursday night rubbished earlier claims by Vice President Bharrat Jagdeo that ExxonMobil officials denied that they ever told a meeting with A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarians that the company had agreed to reduce disputed audited costs from US$214 million US$3 million. Mr Jagdeo related that after learning of ...

Vice President Bharrat Jagdeo on Thursday said ExxonMobil denied claims by opposition parliamentarian David Patterson that government had decided to reduce the audited costs from US$214 million to US$3 million. Government reiterated that, through the Guyana Revenue Authority (GRA), it was challenging the US$214 million in costs that Esso Exploration and Production Guyana Limited (EEPGL) as part of the US$1.67 ...

Hopeful that Trinidad and Tobago will soon lift its colonial-era ban on foreign honey, Guyana is enlisting Cuba’s support to increase honey production, Agriculture Minister Zulfikar Mustapha said Tuesday. “We have some specialists from Cuba that will help us to start our apiary in Guyana,” he said when asked by Demerara Waves Online News. Apiaries, he said, are expected to ...