Business

Guyana is still mulling where to refine its portion of oil to be extracted from a Liza well offshore, Minister of Natural Resources Raphael Trotman said. He said a Cabinet sub-committee was yet to decide on whether to take up an offer by Trinidad and Tobago to refine Guyana’s oil at the state-owned refinery, Petrotrin, or if Guyana will send ...

ExxonMobil, along with its partners, that is preparing to begin commercial oil production in early 2020 at the Liza 1 Field offshore Guyana have been granted very generous tax concessions, even as both parties are touting the hefty earnings that the country will make in 20 years from one field alone. The 2016 Petroleum Agreement states that Esson Exploration and ...

The Chief Executive Officer of the National Communications Network (NCN), Lennox Cornette has resigned just over one year after his controversial appointment, sources confirmed. “Faced with the possibility of a non-renewal of his contract, he took the better decision,” sources said. His contract expires in April, 2018. Cornette’s last working day will be January 12 after which he will proceed ...

The 2018’s Entrepreneur Laureate of the Caribbean is the local microbiologist and the Chief Executive Officer of the Eureka Medical Laboratories, William Andrew Boyle. The Entrepreneur Laureate Award forms part of the Anthony N. Sabga Caribbean Awards for Excellence (ANSCAFE).  The Sabga awards, which is now the English-speaking Caribbean’s leading recognition programme, was initiated by Anthony Sabga, founder and chairman of the ANSA ...

GEORGETOWN – The United States Government is partnering with a community-based non-governmental organization (NGO) to continue its support to Guyanese youth. Family Awareness Consciousness & Togetherness (FACT), a Corriverton-based NGO, received a US $64,800 (GYD$13,353,000) grant from the United States Agency for International Development’s (USAID) Community, Family and Youth Resilience (CFYR) Program to carry out after-school activities in Corriverton. The ...

HARTFORD, Conn. (AP) — A federal judge is considering whether an airline company should pay damages to a Connecticut woman injured in a plane crash in Guyana, South America, in 2011. Judge Michael Shea in Hartford presided over a non-jury trial this month in a lawsuit by Waterbury resident Indrawatie Shiwbodh against Caribbean Airlines. The judge is expected to rule ...

President David Granger on Sunday signaled that central government would intervene to address concerns by vendors who have been displaced on the fringes of Stabroek Market, more than one year after they had been removed ahead of Guyana’s 50th Independence Anniversary. After several vendors outside the old Guyana National Cooperative Bank (GNCB) and the Guyana Fire Service told him that ...

The owner of the popular WaterChris Hotel and Restaurant, Gregory ‘Peppers’ Christiani. He succumbed at a city hospital early Saturday morning, hours after he suffered a brain aneurysm. Christiani was 64 years old. After he was found helpless in his office at about 3 PM Friday, he was taken to a hospital. Christiani’s enterprise ascended to prominence by catering for ...

Guyana and Brazil on Thursday inked two agreements aimed at forging ahead with plans to construct a road link between the two countries and combating drought in the Rupununi region. The agreements were inked during President David Granger’s official State-visit to neighbouring country where he met his Brazilian counterpart, President Michel Temer. The two agreements are the Complementary Agreement to the ...

In implementing the Forest Carbon Partnership Facility (FCPF) Project in Guyana, the Ministry of Natural Resources has inked a contract with a local consultancy firm to develop a Grievance and Redress Mechanism (GRM) for the REDD+ readiness process. This is the first consultancy awarded under FCPF, which is readying Guyana to Reduce Emissions from Deforestation and Forest Degradation (REDD+).  The ...