Business

Former President, Bharrat Jagdeo on Thursday said he would drop his presidential immunity and allow police to question him if President David Granger is grilled by investigators about the award of a multi-million dollar contract to a Dutch company to conduct a feasibility study on a new Demerara Harbour Bridge. “If the President, when he is questioned in SOCU (Special Organised ...

As the Caribbean Community (Caricom) continues to grapple with a US$4.5 million annual food import bill, Guyana on Thursday cited the need for Guyana to seize opportunities for joint ventures and partnerships with businesses from other countries. “The Caribbean, taken as a whole, has the land, has the labour, has the capital to overcome its most severe setbacks of achieving ...

Trinidad and Tobago on Wednesday vowed to continue restricting the trade in honey being produced by sister Caribbean Community (Caricom) countries to prevent the spread of diseases, but did not rule out relaxing rules for the organic sweet substance to transit that twin-island nation without penalty. “Once we are satisfied that there are no phyto-sanitary risks that we should ignore ...

Trinidad and Tobago- which historically enjoys close economic and political relations with Venezuela- will support Guyana in its border controversy with their Spanish-speaking neighbour, Prime Minister Keith Rowley said Wednesday. Asked whether Trinidad and Tobago would be willing to amend the 1990 Maritime Boundary Delimitation Agreement with Venezuela  that has resulted in an overlap of maritime boundaries with Guyana, he ...

Trinidad and Tobago’s Prime Minister, Keith Rowley on Wednesday said his country has successfully renegotiated contracts with international oil and gas companies, even as he cautioned that  deals are developed based on the conditions at a particular time. “We respect the sanctity of contracts, while not accepting that contracts are written in stone. Contracts are engagements made at least between ...

Trinidad and Tobago’s Prime Minister, Keith Rowley and the President of Guyana, David Granger on Wednesday dismissed concerns by sections of the Guyanese private sector that a memorandum of understanding in energy they signed would see businesses from the twin-island nation taking over the business landscape. In clear references to concerns  that were flagged by the Georgetown Chamber of Commerce ...

A mining pit Tuesday afternoon collapsed and killed two miners at Mowasi Backdam, Konawaruk, Potaro, police “On the date and time mentioned above, the two deceased along with other persons were working at the pit wall, when rain was falling heavy at the time. Suddenly, a large portion of the pit wall break off and fell on both deceased, covering them ...

The Local Government Commission (LGC) on Tuesday dismissed suggestions that the Commission of Inquiry into the operations of the Georgetown Municipality could be seen as timed to coincide with upcoming Local Government Elections (LGE). With the LGE slated for November 12, 2018 and the announcement of Commission of Inquiry made less than one week ago, questions were raised about whether ...

The Guyana Police Force’s Special Organised Crime Unit (SOCU) has launched an investigation into the award of a GY$148 million contract to a Dutch company for the development of a feasibility study and design of a new Demerara River bridge,  a senior police officer said. “The matter was referred and we (police force) are investigating the matter,” the official told ...

The Ministry of Natural Resources on Friday said there was no “sinister motive or corruption” in decisions for the ExxonMobil’s Development Plan for Liza Phase 1 and the state’s regulatory Guyana Geology Mines Commission (GGMC) and contracted advisors were involved in the process. “Though it may be difficult for some to see presently, the nation will, in the near future, ...