Business

Former Region 10 Regional Executive Office, Gavin Clarke on Monday conceded that the Region had breached Guyana’s Procurement Laws when it issued a number of contracts –contracts that had been flagged in 2016 in his Audit Report. Contrary to an earlier report, Clarke was never charged with fraud. Demerara Waves retracts that content and apologises unreservedly to Mr. Clarke. Clarke ...

The Ministry of the Presidency (MotP) will on Wednesday launch the Commemorative Centenary Stamp of the birth anniversary of former President and co-founder of the Peoples Progressive Party—the late Dr. Cheddi B. Jagan. The activity however, will be run off without the PPP, since according to the party’s General Secretary, Bharrat Jagdeo, his party has not been invited. Jagdeo when ...

Government and Regional Accounting Officers such as Permanent Secretaries and Regional Executive Officers (REOs) will soon be administered an Oath, before giving evidence at the Parliamentary Public Accounts Committee (PAC), given the growing levels of inconsistent answers being provided to the statutory body. The commitment was had on Monday during the session convened by Committee Chairman, Irfaan Ali, who was ...

President David Granger says he is “tired” of Guyana exporting logs and other raw materials instead of value-added products. “I am tired of seeing logs going out of this country. I want to see furniture going out. I don’t want to see raw gold. I want to see jewellery shops. We have to add value to these important products of ...

The Guyana government sought to assure residents that the country was prepared for an oil-spill and all companies engaging in offshore oil extraction must put in place measures to prevent or handle such an incident. “We have to put in place measures, which are more proactive rather than reactive and the companies that are operating offshore Guyana will have to ...

Minister of Agriculture, Noel Holder said the National Industrial and Commercial Investments Limited (NICIL)- the holding company for government’s assets- might not have been properly advised about who is responsible for naming a board for the Guyana Sugar Corporation. “Perhaps, someone didn’t tell NICIL their role,” he said. That Board, under the Chairmanship of Head of NICIL’s Special Purpose Unit ...

Four fixed wing aircraft, including Skyvans that are no longer manufactured are being purchased for the Guyana Defence Force (GDF) to move troops and assist in search and rescue, Minister of State Joseph Harmon said Friday. “I don’t believe that they are making new Skyvans these days and they are very good factory-tested quality aircraft,” he told a post-cabinet news ...

United States (US) oil giant, ExxonMobil, on Friday announced that its latest exploration well offshore Guyana has not yielded oil in commercial quantities- the second out of a total of eight wells drilled at the Stabroek Block so far. The announcement was made by ExxonMobil’s Vice President and Secretary, Jeff Woodbury during its first quarter 2018 earnings call. “The Soribrum ...

As Guyana’s largely forestry-based exports to China recover, local businesses are being urged to explore opportunities to sell more food to that Asian country and attract Chinese tourists when they attend the inaugural China Import Expo to be held later this year in Shanghai. Minister of Business, Dominic Gaskin told a cocktail reception held Wednesday night to raise awareness about ...

People’s Progressive Party (PPP) parliamentarians plan to boycott a tour of the Cheddi Jagan International Airport development project, but intends to ask for an audit of the project that is supposed to cost US$150 million, mostly  through a loan from China. “We are aware that significant alterations and changes have been made to the design. It is our intention, and ...