Business

Attorney General and Minister of Legal Affairs, Basil Williams on Saturday said the Caribbean’s Council for Legal Education (CLE) has effectively blocked the establishment of the planned Joseph Haynes Law School, prompting his immediate predecessor, Anil Nandlall to reiterate that no decision had  ever been taken in favour of Guyana doing so.   “New Chairman of the Council of Legal ...

Chartered Accountant and Attorney-at-Law, Christopher Ram on Saturday signaled that private criminal charges might be laid against several top Guyana government ministers and officials for allegedly failing to deposit a multi-million United States (US) dollar signing bonus from ExxonMobil into the Consolidated Fund. Ram said he did not regard taking the matter to the police, but indicated that it was ...

Finance Minister, Winston Jordan railed against the sale of bottled Jamaican water at the Cheddi Jagan International Airport and at the same time defended the hiring of Chinese companies to point out that Guyanese are not doing enough to take advantage of business opportunities but still complain. “I don’t want to hear anything more about our national airport selling water ...

Minister of Natural Resources, Raphael Trotman on Friday confirmed that United States (US) oil giant, ExxonMobil, will help fund Guyana’s legal fees to settle the border controversy with Venezuela. “Yes, Mr. Speaker, there is a sum and yes it is reserved to safeguard this country,” he said the same day that two local newspapers published a September 2016 letter by ...

The United Kingdom-headquartered auditing and financial services company, PricewaterhouseCoopers (PwC), has been selected to conduct a valuation of assets of the state-owned Guyana Sugar Corporation (Guysuco). The announcement was made Thursday by the Special Purpose Unit (SPU) under the National Industrial & Commercial Investments Limited (NICIL), Thursday announced that PricewaterhouseCoopers (PwC) has been selected by the SPU. The international financial services provider ...

As details emerge in the National Assembly about plans to pay severance to sacked sugar workers and lease them land, the Alliance For Change (AFC) Thursday night called for much more than that. “The AFC looks forward to an amicable resolution to this issue, but insists that as the Yuletide season is upon us, workers must not be adversely affected ...

Minister of State, Joseph Harmon on Thursday announced that a “huge chunk” of money has been set aside in the 2018 National Budget to pay severance to thousands of workers of the state-owned Guyana Sugar Corporation (Guysuco). He made the announcement during the penultimate day of budget debate before the 65-member National Assembly considers the proposed expenditures next week. “In ...

Small business development is next year set to receive a GY$148 million boost to help them set up shop and provide services to large companies, Minister of Business, Dominic Gaskin announced. The government’s Department of Public Information said in 2018, the Small Business Bureau (SBB) intends to register companies that meet certain standards and quality. Those companies, he said would ...

Minister of State, Joseph Harmon and Agriculture Minister, Noel Holder were Tuesday at odds over whether sugar workers should have been told now that they would be laid off at month-end. Harmon said the decision by the state-owned Guyana Sugar Corporation (Guysuco) to send home thousands of workers was not communicated to Cabinet and he was taken by surprise by ...

Government on Tuesday appeared to further reduce the annual production target of a scaled down Guyana Sugar Corporation. Minister of Agriculture, Noel Holder told the National Assembly that government was now targeting sugar production of 145,247 tonnes in 2020. When government last year had tabled its White Paper on the sugar industry, it had set itself a target of 174,000 annually. ...