Business

A quarrel has erupted  between two of Guyana’s leading private sector organisations over the appointment of a private sector representative on the University of Guyana’s Council, that tertiary institution’s highest decision-making body. At the centre of the controversy is Allison Butters-Grant, the head of Global Seafoods. The Private Sector Commission (PSC) has objected to her appointment while the Georgetown Chamber ...

Opposition Leader Bharrat Jagdeo forecasts a 50,000 vote defeat of the governing coalition if more of his People’s Progressive Party supporters are registered and go out to cast their ballots at the next general elections. Under the proportional representation electoral system, a seat is equivalent to about 5,000 votes. The A Partnership for National Unity+Alliance For Change barely clinched a ...

Guyana is making available large swathes of former sugar estate lands for constructing upscale houses and business complexes for the burgeoning oil and gas sector, but a top government official cautions that the lands cannot be held indefinitely for speculation. “These developments will come with a time-frame so you can’t take an acre or ten acres and say you will ...

The Guyana government on Friday said the establishment of a separate ministry to govern the lucrative oil and gas sector was not on the cards and that the Minister of State, Joseph Harmon would represent the sector in the National Assembly. “Once it is in the Ministry of the Presidency, the Minister of State is the person who will answer ...

Government is yet to decide on the composition of the Board of Directors of the state-owned Guyana Sugar Corporation (Guysuco), a senior government official. Minister of State, Joseph Harmon made known his position at a time when there concerns in some quarters about whether the Head of the Special Purpose Unit, Colvin Heath-London, who is overseeing the sale of several ...

The Board of the Guyana National Newspapers Limited (GNNL) had nothing to do with the decision to inform Professor David Hinds and Trade Unionist Lincoln Lewis that their columns would no longer be published in the state-owned Guyana Chronicle, Board Chairwoman Geeta Chandan-Edmond said. Reacting to a Demerara Waves news report earlier Friday in which the newspaper’s Editor-in-Chief, Nigel Williams ...

Guyana’s fast-tracking of the start of oil production in 2020 was part of a broader plan to stamp its sovereignty on the location of the Liza field that Venezuela had claimed as hers, Natural Resources Minister Raphael Trotman said Friday. Addressing the opening of the Guyana Oil and Gas Law Training Development Conference, he noted that on May 26, 2015 ...

As the Pegasus Hotel prepares to construct a US$100 million Corporate Centre and Suites, its owner Robert Badal Thursday night urged government to stop taxing start-up investment projects heavily as they seek to enter the marketplace and contribute to Guyana’s growth and development. He contended that heavy taxation was discouraging the local private sector from investing heavily. “The main reason, ...

ExxonMobil plans 20 oil exploration projects offshore Guyana, using a projected cost of US$40 per barrel, company officials said Wednesday. The corporation’s Vice President Neil Chapman said  his company has found 3.2 barrels of oil equivalents and is gearing up to drill 20 more wells in the Stabroek Block. “We also have considerable additional potential in this region. We have ...

ExxonMobil on Tuesday assured that there would no skulduggery to inflate expenses or steal Guyana’s oil and at the same time appeared reluctant to renegotiate its controversial Production Sharing Agreement with Guyana although larger quantities of oil are being found in the Stabroek Block. In response to a question at Private Sector Commission-organised seminar on Guyana’s oil and gas sector, ...