Business

The Guyana Revenue Authority said it seized  GY$6 million worth of smuggled liquor. The 50 cases of  foreign alcohol were seized by the GRA’s Law Enforcement and Investigation Division (LEID) from an unnamed location on the East Coast Demerara on May 30, 2018, the authority said. One person was arrested and subsequently put on bail, the GRA said. “The GRA ...

The Marriott Hotel Guyana in Georgetown will soon benefit from an eco-friendly, sustainable and cost-efficient energy supply, the mee co Group said in a statement. “The leading five-star hotel in Guyana has concluded an agreement on a solar power installation with the global clean energy provider The meeco Group, to reduce its dependence on expensive diesel and shave off its energy costs ...

The Guyana Oil Company (Guyoil) is holding the line with its gas price despite crude oil reaching four-year highs, government’s Department of Public Information said. As an importer, Guyana has historically been vulnerable to oil price shocks. World prices have shot up in recent weeks mainly due to the withdrawal of the United States from the Iran nuclear deal. Impending ...

A well-known Berbice fisherman, who is already facing two armed robbery charges, was Wednesday arraigned for the murder of a Guyanese fisherman off the coast of Suriname late last month. Guyana’s Anti-Piracy Act allows for persons to be charged and prosecuted for such related offences they are accused of committing in other countries. Nakool “Fyah” Manohar of 43 Joppa Dam ...

ExxonMobil runs a very tight cyber security regime, including a ban on the use of USB ports, to minimise breaches that can potentially lead to an attack on its pipelines and other production facilities, the company’s Chief Executive Officer, Darren Woods official said Wednesday. Responding to a question from the floor at the company’s shareholders’ meeting in the United States ...

The Court of Appeal on Tuesday began hearing arguments, though not yet substantive, on the High Court’s decision to throw out a case over whether oil companies- Hess and Nexen- are parties to the environmental permit granted to a local subsidiary of ExxonMobil to search for and extract oil offshore Guyana. Tuesday’s hearing’s centered over a request by applicant, Ramon ...

The Board of Directors of the Caribbean Development Bank (CDB) has approved a loan of US$1.3 million to assist in upgrading the water sector in Guyana, the regional bank announced on Tuesday. The funds, provided to the Government of Guyana, will be used to provide consultancy services to develop a national water policy, as well as to provide designs and ...

The Guyana Public Service Co-operative Credit Union Ltd (GPSCCU) on Monday rejected government’s decision to take over the financial institution because it is being poorly managed and it owes the ministry almost GY$50 million in waivers dating back 2002. Credit Union Chairwoman, Patricia Went said said the Chief Cooperative Officer at the Ministry of Social Protection’s Department of Labour, Perlina Gifth last ...

The Finance Manager of the state-owned Guyana Oil Company (GuyOil), Uma Daniels has resigned, amid a a GY$48 million wire transfer debacle. The Chairman of GuyOil’s Board, Mark Bender would only confirm that Daniels has resigned. “The Finance Manager of GuyOil has resigned”, he said when asked repeatedly whether she was asked to resign. The company’s Chief Executive Officer, Renata ...

The Caribbean Court of Justice (CCJ) said it Monday issued  settling the matter of Bauxite Company of Guyana Inc.v Haresh Narine Sugrim in a dispute valued at nearly US$1 million dollars. The CCJ heard the case on 19 April 2018 and during the hearing the judges urged the parties, before the close of the proceedings, to make every effort to ...