Business

The United States (US) oil giant, ExxonMobil, is yet to make its Final Investment Decision (FID) to engage in commercial production offshore Guyana because local regulatory agencies are still reviewing applications, officials said Tuesday. They are the Environmental Impact Assessment (EIA) being reviewed by the Environmental Protection Agency (EPA) and the granting of a production license by the Guyana Geology and ...

Former President Bharrat Jagdeo, today reiterated calls for decriminalizing the possession of small amounts of marijuana (cannabis sativa) and pointed to the fact, there are many young people across the country who have been jailed, while large scale dealers walk scot free. Jagdeo was at the time addressing his party’s press engagement. The former president was asked to give his ...

The Customs Anti-Narcotics Unit (CANU) Sunday night said two motor racers and the owner of a lumber yard are implicated in the seizure of more than 80 kilogrammes of cocaine stashed in a consignment of lumber bound for the United States (US) where the narcotic would have fetched a street value of GYD$550 million. “The said search revealed cocaine found in random boards scattered ...

Two Guyanese, one Grenadian and one national of Trinidad and Tobago Saturday night copped the Anthony N. Sabga Caribbean Awards for Excellence 2017 that was held in Georgetown, the Guyanese capital. The laureates are Mr. Winslow Craig (Arts and Letters) -Guyana ; Kwame Ryan (Arts and Letters)- Trinidad and Tobago; Shadek Nyack Compton (Entrepreneurship)- Grenada and Christopher Arif Bulkan (Public ...

The construction of a GYD$20 million arch over the East Coast Demerara Public Road-in honour of Guyana’s 50th Independence and indicating the eastern entrance to Guyana’s capital, Georgetown- symbolises Caricom integration, President David Granger said Saturday. “This arch defines the boundaries of our capital. It exemplifies private-public partnership. It epitomises the friendship between two Anglo-phone Caribbean states- Guyana and, Trinidad ...

Guyana’s Finance Minister, Winston Jordan is peeved that his country and several other sister Caribbean Community (Caricom) nations have been listed by the United States (US) as “major money laundering countries.” “It is denial of all of the efforts that we in the Caribbean have been making to make our countries safer, to rid our countries of bad money and ...

The Guyana Postal and Telecommunications Workers Union (GP&TWU) on Friday warned the Guyana Telephone and Telegraph Company (GTT) that if it does not abide by a High Court order on plans to send home 120 workers more legal action would be taken. GPTWU General Secretary, Eslyn Harris said after the Consent Order, GTT did not provide proper information at a ...

China Harbour Engineering Corporation (CHEC), the Chinese contractor undertaking the US$150M expansion of the Cheddi Jagan International Airport (CJIA), on Friday inked two multi-million dollar contracts with local stone suppliers, to provide an initial amount of close to 100,000 tons of stones, sourced locally at cost of some US$3.5M. Keliang Liu, CHEC Project Manager’s inked the contract on behalf of ...

Monies budgeted as part of the 2017 allocation for the US$150M Cheddi Jagan International Airport (CJIA) Expansion Project are on the verge of being completely exhausted and government will this year have to approach its international financing partner—the China Import Export (Exim) Bank and the National Assembly for the remainder of the money to complete the project by December this ...

Representatives from Guyana and twelve other countries in Latin America and the Caribbean will be in Vitória, Brazil from May 16 to 18, to learn about the Brazilian experience of School Feeding Programmes and purchasing from Family Farming, the Food and Agriculture Organisation (FAO) said in a statement. The visit is an international exchange mission promoted by the Internal Cooperation ...