Business

The Guyana government has appointed a Governing Board of the Deeds and Commercial Registries Authority, but its full constitution will await the parliamentary approval of the law. “The previous Board expired in May 2016 and the delay in constituting the new one was as a result of the Deeds and Commercial Registries Authority (Amendment) Bill 2017 being laid before Parliament. ...

Transparency and effective planning to use massive oil revenues are among the major issues facing Guyana as the country prepares for first oil by 2020, according to a senior official of a United Kingdom-headquartered independent risk consultancy. Speaking at the 26th La Jolla Energy Conference being held in California, Control Risks’ Senior Analyst for the Andean Region, Raul Gallegos praised ...

Lower oil prices may be to the advantage of Guyana which expects to pump first oil by 2020 because  high prices for the ‘black gold’ may trigger corruption by politicians, a University of California, San Diego Professor said Wednesday. “The higher the oil prices and the more the revenues that flow into the country, the greater the risk that politics ...

The Guyana government on Wednesday said it welcomes a donation of G$5M from ExxonMobil Guyana, which will be handed over to the Civil Defence Commission (CDC) to assist in relief efforts for flood affected areas in Cuyuni-Mazaruni (Region Seven) and Potaro-Siparuni (Region Eight). Senior Director, Public and Government Affairs at ExxonMobil Guyana, Ms. Kimberly Brasington made this commitment today to Acting ...

Digicel (Guyana) on Wednesday handed over a quantity of supplies to the Civil Defence Commission (CDC) which will be distribuited to flood-affected residents of Region 8 (Potaro Siparuni) and Region 7 (Cuyuni Mazarauni). The donation consists of a substantial quantity of food items from the requested list and cleaning supplies. “We empathize with those residents who have lost their livelihood ...

The Guyana Revenue Authority (GRA) on Wednesday warned vehicle importers that they will be fined if their vehicles are brought in with used tyres that are not in conformity with recently amended laws. “It must be noted that importers of vehicles not in conformity will be required to pay the fines per tyre prior to the vehicles being released by ...

A Cabinet sub-committee has been established to finalize the Government’s Diaspora Engagement Strategy and Action Plan’ in order to give policy direction with regards its engagement with ‘Guyana’s Region 11.’ Minister of State Joseph Harmon Monday (May 22, 2017) made the announcement as he addressed the opening ceremony of a one-week confab at the Guyana Pegasus aimed at facilitating a 10-man ...

After failing to provide clear answers about how a Contingency Fund Advance of $11M made in January 2016 was used to pay staff of the Government Information Agency (GINA), in December the previous year, the entity’s Director, Beverly Alert, has now called on the Auditor General to re-look at the entity’s finances. The matter came up for scrutiny when the ...

Two opposition People’s Progressive Party (PPP) parliamentarians and four other supporters were Friday each granted GYD$500,000 bail for allegedly omitting from the general ledger of the Guyana Rice Development Board a total of GYD$362 million while they were board members of that entity. The prosecution’s case is that they committed the offences during each of the calendar years of 2012,  2013, 2014 ...

One employee of the drugs bond at Diamond Hospital has admitted to stealing GYD$100,000 worth of supplies from the East Bank Demerara facility and one has resigned with immediate effect, the Ministry of Public Health said in a statement. The ministry added that several others, who were released from police custody , have not reported for duty. “They are on strike” ...