Business

As a group of persons intensify plans to continue legal action against the granting of offshore concessions they claim without the required permits, Guyana’s Ministry of Natural Resources on Friday said it was prepared to defend its decisions and assured that no laws were violated. “The Government of Guyana is prepared and willing to present all facts in this regard ...

Even as the Guyana Gold Board (GGB) boasts of reducing its deficit and investing a huge amount of cash to strengthen the security of its database and allow miners to register with that regulatory agency on the phone, gold miners were Thursday up in arms over the board’s decision not to refund monies earned from silver. GGB Chairman, Gabriel Lall ...

The Guyana Gold Board has hired experts from Trinidad and Tobago to confirm what the University of Guyana (UG) has already told that regulatory agency- that mercury emissions no longer pose a risk to people in the area, Gold Board Chairman, Gabriel Lall said Friday. “We have moved very aggressively to address that problem. As I speak right now, somebody ...

Residents of Kwakwani are now benefiting from improved electricity supply as a result of the installation of two new generating sets by the Kwakwani Utilities Inc. (KUI), the  Ministry of Public Infrastructure said Thursday afternoon. A ceremony commissioning the two new 260 kilowatt generators was held at the Power Station. The new sets more than meet the demands of the ...

A University of Oxford Professor of Economics and Public Policy on Wednesday urged Guyana to guard against lavish spending of oil earnings on consumer items which would result in a re-valuation of the Guyana dollar that would make other traditional exports noncompetitive. “If you spend it throwing a party in the economy on a lot consumption goods, you get appreciation. ...

A British Professor of Economics and Public Policy, Sir Paul Collier  on Wednesday warned that if Guyana scraps  the ExxonMobil contract that would have disastrous consequences for the country’s investment climate, but he instead recommended strongly that the country beef up its capacity to avoid tax evasion by oil companies. “Whatever you do, if you tear up your first oil contract, ...

Three manahrs of the New Building Society (NBS) were Wednesday arraigned on eight charges of unlawful detainment. Anil Beharry, Anil Kishun and Deka Tullahram  appeared before Senior Magistrate Fabayo Azore in the Georgetown Magistrates’ Court to answer to the charges. The trio pleaded not guilty to the charge that alleges that on January 23, 2018 at NBS office at Avenue ...

The Manager of Trinidadian soca artiste on Wednesday testified in court as the trial against a man who allegedly assaulted and injured the singer. Seon Isaacs, Disc Jockey (DJ) and Manager of Rodney “Benjai” Le Blanc recollected the entire assault to the court, noting that on the morning of the incident himself and Le Blanc had just finished performing at ...

Fly Jamaica says Wednesday’s flight to and from New York’s John F. Kennedy International Airport has been cancelled due to a snow storm. “Our non-stop flight on Wednesday (Georgetown to New York’s John F. Kennedy (JFK) International Airport is cancelled and delayed until Thursday,” a senior airline official. The airline official said about 400 passengers will be affected. According to ...

The pontoons on which the Berbice River Bridge floats are deteriorating because they have not been serviced or replaced in the past six years, prominent civil engineer, Bert Carter said. “You can  expect some amount of deterioration,” he said when asked what could be the condition of the pontoons in the absence a visual inspection. Fearing that that bridge might ...