Business

Minister of Public Infrastructure, David Patterson Tuesday afternoon vowed that government would not back down from its election campaign promise not to increase tolls to cross the Berbice River Bridge. “Government stands by its decision to reduce tolls in fulfilling a campaign commitment and will continue to work with the Berbice Bridge Company in ensuring that the Bridge is sufficiently ...

The Guyana Oil Company Ltd (GuyOil) on Tuesday announced a reduction in prices for gasolene and gasoil (LSD) from  Wednesday July 10, 2018. The state-owned oil company said gasolene price would be reduced from $230 per litre to $226 per litre and gasoil (LSD) from $219 per litre to $215 per litre. “The price reductions were possible due to declining ...

Six Venezuelans and a Guyanese pilot were Tuesday taken into custody in connection with an aircraft that authorities believed has fake registration marking. The two Venezuelan pilots and four passengers, two of whom are lawyers, arrived aboard the plane bearing registration YV-2493. Police said at about 11 AM, Michael Brassington and the four passengers went to Criminal Investigations Department’s Headquarters ...

An investigation has been launched into the landing of a private chartered aircraft at the Cheddi Jagan International Airport about 15:20hrs Monday afternoon, the Guyana Police Force said Tuesday. In keeping with enhanced security postures and intensified collaboration with management of the various Units /Agencies operating at the CJIA, ranks of the Customs Anti-Narcotics Unit were alerted and conducted a ...

The Berbice Bridge Company Inc. (BCCI) wants commuters to pay more to cross the river, but the company says government’s ontinued rejection of refusal to increased tolls is affecting maintenance and other operations. If the company gets its way,  cars and minibuses will have to pay  GY$8,040 to cross the bridge; pickups, small trucks and four-wheeled drive vehicles GY$14, 600;  medium trucks GY$27,720;  ...

City Hall along with the Engineer’s and Mayor’s buildings are to be restored to their former 19th-century glory to the tune of $903Million. This was highlighted in a $64 million Comprehensive Restoration and Sustainable Conservation Management Plan for City Hall which was handed over to Minister of Social Cohesion with responsibility for Culture, Dr. George Norton, on Monday at the ...

A Ghana-based investment company is interested in building an onshore port facility to serve Guyana’s oil industry Government’s Department of Public Information reported that the team made known its position in a meeting with Minister of State, Joseph Harmon. The delegation from J.K.B. Oil Ventures Limited included J. Kofi Bucknor, Richelle Case, Emman Samson, and Sudeep Mondal. The delegation was accompanied ...

The Guyana Police Force was Monday continuing to probe an alleged brawl between Junior Minister of Natural Resources, Simona Broomes and two security guards that led to one of the security guards allegedly  cocking his gun and pointing it at her, police sources said. Investigators are expected to review surveillance video footage captured by cameras at the Massey Supermarket Parking ...

The construction of a 20 kilowatt hydro-power station at Hosororo, North West District (NWD) is scheduled to begin next month and, when completed,  will produce electricity at 21 United States cents per kilowatt hour (kWh), 29 cents less than diesel-generated power, the Guyana Energy Agency (GEA) said Saturday. Construction is expected to finish by April, 2019. Chief Executive Officer of ...

ExxonMobil’s Guyana Country Manager, Rod Henson on Friday declared that his company was not funding local political parties, and he was asked to withdraw description of a line of questioning by an opposition representative as “hogwash”. Appearing before a bi-partisan parliamentary committee on Natural Resources, Henson was asked by opposition member Pauline Sukhai whether the United States (US) oil giant ...