Business

The incumbent A Partnership for National Unity (APNU) has set the tone for the 2020 general elections, saying that oil would be the battleground to determine which party would get its hands on the oil revenue Finance Minister, Winston Jordan appealed to party faithful at the last 2018 Local Government Elections public meeting before Monday’s vote that they must ensure ...

Finance Minister, Winston Jordan  Saturday night accused the People’s Progressive Party Civic (PPPC) of paying annual one-month bonus salaries to members of the Disciplined Services to bribe them into taking action against opponents of the their administration. “You know why they were trying to buy off our people in the military and in the police. They were trying to suppress ...

The captain of the ill-fated Fly Jamaica Airlines jet that made an emergency landing at the Cheddi Jagan International Airport alleged that several personal items were stolen from the plane, police said. Police and fire officials  said at least nine fire fighters were being questioned by investigators in connection with the reported theft. Fire Chief Marlon Gentle said the pilot ...

A Fly Jamaica airliner crashed early Friday morning at the Cheddi Jagan International Airport, Timehri, officials said. Six persons were injured and rushed to Diamond Regional Hospital. “They are all stable and are being looked at,”  Minister of Public Infrastructure, David Patterson said.  He added that all the persons aboard have been accounted for with minor injuries. “No reports of ...

Former Prime Minister of Trinidad and Tobago, Kamla Persad-Bissessar  Thursday night urged Guyana to formulate a broad-based national development policy to spend expected “massive” oil wealth on developing the country over the next 200 years. Addressing the Guyana Manufacturing and Services Association Awards and Dinner, the Opposition Leader also warned Guyana against establishing a state oil company because firing workers ...

The Caribbean Regional Fisheries Mechanism (CRFM) is willing to assist Guyana in assessing whether offshore oil industry work is impacting on fish stock, but Guyana says it may be better for oil companies to collect the relevant data. CRFM Executive Director, Milton Haughton said Guyana has not asked for help in that regard, but fishers in the rest of the ...

Oil companies interested in acquiring concessions, including those in ultra deep waters, will have to wait until early 2020 by which time the country is expected to have a model Production Sharing Agreement (PSA) and upgraded laws, officials said Thursday. Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe said government was in no hurry to ...

The Guyana government has already intervened to address claims of discrimination against Guyanese seafarers by one of the companies contracted to hire them to work aboard vessels involved in oil exploration offshore Guyan. The Guyana Seafarer’s and General Workers Union (GS&GWU) said Wednesday that most seamen and other mariners were not being employed by companies that have been contracted by ...

Guyana is expected to sign Air Services Agreements (ASA) with Tanzania and Ghana later this month to pave the way for any airlines that might be interested in flying between Africa and South America, a senior official of the Guyana Civil Aviation Authority (GCAA) announced Wednesday. GCAA Director of Air Transport Management, Saheed Sulaman said the accords would be inked ...

Opposition Leader, Bharrat Jagdeo on Wednesday said he does not support the Berbice Bridge Company Inc. request for a long-term extension of its concession agreement, but said perhaps two years might be good enough. “I don’t believe nineteen years is even practical. That is doubling the life of the extension. That bridge is supposed to come back to us (government) ...