Business

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 ...

The Guyana Civil Servants and General Workers Union (GCS&GWU) is seeking international help to ascertain whether a mercury clean-up at the Guyana Geology and Mines Commission (GGMC) building  has been done properly before they move back in. The union says it has asked the Pan American Health Organisation, United States embassy, United Nations Development Programme and the Organisation of American ...

After pitching their ideas in the Jaguar’s Den, 11 young entrepreneurs successfully secured funding to either start or expand their businesses as the Youth Business Summit came to a close. The young businesspersons now have access to funding from GY$500,000 to GY$1 million. (US$1.00 = GY$213.00) Omica DeSouza who travelled from Region One, Port Kaituma to participate in the Youth ...

Guyana wants Suriname to send several Guyanese back home to be questioned by local police about last month’s piracy attack, Minister of Public Security Khemraj Ramjattan said Friday. He said, through Police Commissioner David Ramnarine, a request for mutual  assistance would be dispatched to Suriname “for the witnesses to come over to Guyana and  to be cross-examined by our CID ...

Opposition Leader, Bharrat Jagdeo says he is in favour of decriminalizing the possession of small amounts of cannabis sativa (marijuana/ganja) to allow for non-custodial sentences, such as community service and rehabilitation. He gave the pronouncement during a press engagement held at the Leader of the Opposition’ Office in Church Street, Georgetown on Thursday. The former President was adamant however, he ...