Business

Bandits, armed with guns, cut open a grocery roof and eventually entered the home of the businessman and his wife who were beaten and robbed of cash and other items, police sources said. The victims are Naresh Persaud and his wife of Recht-door-Zee, West Bank Demerara. Sources explained that after robbers entered the grocery through the roof to cart off items, ...

Attorney General and Minister of Legal Affairs, Basil Williams on Wednesday rejected accusations by Opposition Leader, Bharrat Jagdeo that kick-backs appeared to be part of several multi-million dollar settlements of court cases that the coalition government inherited. “There is nobody who could take kick-backs and all of that. Not in our government because the matter has to be dealt with ...

A World Bank- funded energy sector unit in the Ministry of Finance is expected to lay the groundwork for a number of major projects including piping natural gas from an offshore ExxonMobil oil well to the Guyana Power and Light for electricity generation, Natural Resources Minister Raphael Trotman said Tuesday. He made the disclosure shortly after holding talks with World ...

Guyana’s proposed Petroleum Commission legislation might be further revised or replaced altogether following more expert recommendations under the auspices of a World Bank-funded project, Minister of Natural Resources Raphael Trotman said Tuesday. It is now one year since the Petroleum Commission Bill was tabled in the 65-seat National Assembly, and Trotman said since then the World Bank has asked Guyana ...

The Guyana National Bureau of Standards (GNBS), in collaboration with the Energy Chamber of Trinidad and Tobago, will be engaging with oil operators and potential contractors to develop a Safe To Work (STOW) certification programme for the oil and gas sector. According to GNBS Director, Candelle Walcott-Bostwick the team from the Energy Chamber will visit in June to share their ...

Former government officials, who have stolen State assets, can strike a deal to return those properties but, the Director of the State Assets Recovery Agency (SARA), Professor Clive Thomas on Monday stopped short of saying if anyone has offered to return assets voluntarily. Noting that under the State Assets Recovery Act empowers the Director could exercise his discretion to seek ...

Deputy Head of Legal Services at the Guyana Revenue Authority, Lancelot Wills on Monday lamented the poor enforcement of anti-corruption laws. “It’s not for the paucity of laws that we fail so miserably on the various metric and scales of anti-corruption. It’s for the lack of enforcement,” he said at the opening of an anti-corruption training seminar for GRA staff, ...

The State Assets Recovery Agency (SARA) has received a compliant from the Transparency Institute of Guyana Inc. (TIGI) about the US$18 million ExxonMobil signing bonus, but investigations are not expected shortly because the agency is conducting a number of other probes, SARA Director, Professor Clive Thomas said. There is lingering controversy about whether the signing bonus should have been deposited ...

Minister of State, Joseph Harmon Friday night disclosed that Suriname at one stage had decided to abandon the search for 16 fishermen, but only continued after Guyana had said that it would have continued to look for the piracy victims off the eastern coast of that former Dutch colony. “During the course of the last week, the Surinamese gave the ...

A Corentyne fisherman, who was arrested in connection with last month’s deadly piracy attack on 20 fishermen off Suriname’s east coast, was Friday charged in Guyana with offences dating back to 2015 and 2016. The Guyana Police Force said 39-year old Nakool “Fire” Manohar of No. 43 Village Corentyne, Berbice was charged with two counts of armed robbery under Section 3 ...