Business

Finance Minister Winston Jordan on Monday ruled out Guyana taking advances from oil revenues to help stimulate the economy, warning that to do so would be fraught with danger in a country where there is already sufficient money in the treasury but limited human resources to spend. “It’s no sense going taking advance on potential revenues to be had post 2020 ...

A less than satisfactory number of University of Guyana (UG) students and former students have taken advantage of the Independence Jubilee reduced tuition fee repayments, resulting in the Guyana government being still saddled with a huge number of outstanding student loans, Finance Minister Winston Jordan said Monday. Addressing the launch of the Guyana Telephone and Telegraph’s (GT&T) Mobile Money Guyana ...

Guyanese will have an opportunity to view the work of Vincentian multi-media artist, goldsmith and photographer Josette Norris at a one-week exhibition of paintings, conceptual art and jewelry to be mounted in Georgetown during the week of June 5-10, 2017. The exhibition will be held at 160 Waterloo Street, North Cummingsburg, Georgetown a few doors from Lamaha Street. It will ...

Opposition Leader Bharrat Jagdeo (June 2, 2017) today called on Government to make public the contract document with Exxon Mobil in light of the announcement by the Ministry of Natural Resources that Guyana will earn a guaranteed two per cent royalty on gross production from 2020. Jagdeo was at the time speaking at the Office of the Leader of the ...

The Ministry of Natural Resources on Friday announced that government has decided to drop charges against 20 persons arrested for alleged illegal mining at the Kaieteur National Park. “It has been decided that as an act of good faith Government will not prosecute the charges against the more than 20 persons arrested on Sunday May 28, 2017 for mining within ...

  In the wake of a prolonged wait by ExxonMobil for various regulatory approvals before making its Final Investment Decision (FID), the Guyana government Thursday publicly assured the company that it would be granted a production licence this month. “Following reviews of the technical and environmental aspects of the Liza Project – Development Plan that was submitted by Esso Exploration ...

The 20 persons- mainly residents from the Amerindian village of Chenapau- who were earlier this week arrested for allegedly illegally mining at the Kaieteur National Park were released from police custody after they were charged with violating the Mining Act, authorities said Tuesday. Commissioner of the Guyana Geology and Mines Commission (GGMC), Newell Dennison told Demerara Waves Online News that ...

The modern Liliendaal Bridge, which includes a pedestrian walkway, is now open to vehicular traffic after engineers from the Ministry of Public Infrastructure,Monday evening, completed construction works, one month ahead of the scheduled completion date. In a release by that ministry,  the Minister of Public Infrastructure, Mr. David Patterson said that while the initial deadline was June 2017, the Ministry was ...

The Georgetown Public Hospital Corporation (GPHC) is unable to give a definitive position on why many of its Annual Finance Statements are not being filed—months after they are legally required according to the Public Corporations Act—and further is unable to say whether monies it was supposed to return to the treasury were in fact returned. This situation was only compounded ...

Police, soldiers and officers of the Guyana Geology and Mines Commission (GGMC) on Sunday swooped down on the Kaieteur National Park and arrested several persons who were allegedly illegally mining there, Minister of Natural Resources, Raphael Trotman said. Trotman said the decision to move in at the Kaieteur National Park was taken by President David Granger, who is the Minister ...