Business

The Finance Controller of the state-owned Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle newspaper, was Monday morning issued a dismissal letter. Morshmi Ramotar was given marching orders following a weekend disclosure of financial records showing that General Manager, Sherod Duncan has been responsible for expenses totalling GY$5 million. Her lawyer, Sanjeev Datadin confirmed that she was dismissed ...

A heady, distinctive fragrance drifts invitingly up to Louis Holder’s Liliendaal office. It’s the smell of coffee—but definitely not any ordinary kind. The invigorating smell comes from an exquisite brand of locally-produced ground coffee. Its rich aroma exemplifies its intriguing story, one that interweaves long forgotten history with a man’s love for his country and his determination to succeed. This ...

Guyana is about to drawn down US$20 million from the Islamic Development Bank (IsDB) to help finance “sustainable and stable supply” of electricity, marking the first time that this country will tap into US$900 million that have been made available by that financial institution, the Finance Ministry said. The Finance Ministry said the US$20 million would be used to by ...

The manager of a night club at West Coast Berbice has been let off the hook of Trafficking In Persons charges after the six Venezuelans denied they were victims and proved that they were in Guyana legally, police said. However, she is expected to face charges for allegedly assaulting a peace officer and sale of smuggled liquor. Guyana Police Force ...

Guyana’s plans to establish a law school have hit a major snag with the Caribbean Council of Legal Education (CLE) saying its treaty does not provide for countries or private entities to build and operate law schools,  a hurdle Attorney General Basil Williams said was raised for the first time at this weekend’s Council meeting. “At the moment, I don’t ...

The Guyana National Newspapers Limited (GNNL) has so far spent more than GY$5 million in three months mainly on equipment as well as office furnishings, according to  records. The spike in spending has occurred under the less than three-month old tenure of Sherod Duncan who was appointed  General Manager from June 1, 2018, just before the life of the Board of ...

Guyana’s ‘green’ state will receive a tremendous push through the hosting of Continuously Operating Reference Stations (CORS) Network workshops here, Minister of State, Mr. Joseph Harmon said Thursday. The Minister was, at the time, speaking at the closing ceremony of the third CORS Network Informative workshop held in the Training Room of the Guyana Lands and Surveys Commission (GLSC). The CORS Network, which ...

The Georgetown Chamber of Commerce and Industry (GCCI), fearful that Trinidad and Tobago companies were about to take over Guyana’s emerging oil and gas sector, has dispatched draft local content legislation that, among other things, seek to redefine what is a Guyanese company. GCCI President, Deodat Indar said if the draft local content legislation-which has been dispatched to government and the ...

The Guyana Telephone and Telegraph Company (GTT) fired 12 persons following the discovery of “suspicious activities”. “During a routine internal review of financial procedures, GTT documented suspicious activities which warranted further investigation. GTT’ spokeswoman, Jasmine Harris said police were called in and those given marching orders included managers and junior staff. Consequently, reorganization of staff resources was required to ensure ...

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,373 ...