Business

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 ...

Guyana’s President, David Granger on Monday said waterways running through a number of countries of the Guiana Shield must be properly managed as part of a security mechanism, and that rivers must not be polluted. He was at the time addressing the 8th World Water Forum in Brasilia, Brazil “Rivers are important for the security of states. Half of the ...

Guyana will for the first time host the 2018 International Civil Aviation Organisation (ICAO) Air Transport Conference; a significant responsibility it has earned following the improvement in its compliance with ICAO. The five-day conference, which will be held in November later this year, was officially launched today at the Umana Yana, Kingston Georgetown. Director General of the Guyana Civil Aviation ...

Working People’s Alliance (WPA) executive member, Professor David Hinds, who was recently sacked by the state-owned and government-controlled Guyana Chronicle newspaper on Monday objected strongly to People’s National Congress Reform (PNCR) General Secretary, Amna Ally calling the spat over freedom of expression a “little issue” “First, the statement betrays a cavalier attitude to a pivotal aspect of good governance—government’s respect ...

The Guyana Water Incorporated (GWI) on Monday- March 19, 2018- began dismantling a fence which it said was found to be encroaching on its reserve near the Lama Canal. Only the first of the two-layered zinc fence was removed. The utility company said in a statement that the fence was encroaching on 66 feet of the company’s reserve near the  Canal ...