Business

The Guyana Energy Agency (GEA) says 1,900 gallons of fuel were seized in the Mahaica area on Monday, but several persons who were transporting the fuel in boats made good their escape. “Field tests carried out by GEA’s Inspectors revealed that the fuel was illegal as the marker concentration was below the legal level. As a result, all 38 drums ...

Guyana’s recent foreign currency shortage appears to have caused government to consider adopting Suriname’s model to ensure that more earnings from gold sales goes directly to the national treasury. “Suriname has a model which we are looking to incorporate in whole or part here so we want to facilitate trade but the function of the licensed dealers, as agents of the ...

Region Two residents can expect an improved supply of water as the Guyana Water Incorporated (GWI) moves to upgrade its service in the region. The Government Information Agency (GINA) reported on Tuesday that the water company has several initiatives underway geared at ensuring all communities in Essequibo receive adequate potable water.  Project Coordinator, GWI, Region Two, Rabindra Deonarine said one ...

A new generation unit for the Guyana Power and Light’s station at Anna Regina (GPL) is expected to arrive before the end of 2017, Generation Engineer for Region Two, Lindsey Shepherd said. In an interview with the Government Information Agency (GINA), Shepherd explained that there are currently two generation sets in the Region, one at Anna Regina which houses three ...

The proposed 10-member board of the Petroleum Commission will include representatives from civil society and the parliamentary opposition, and the Commissioner of Petroleum and board members can be fined and jailed for taking gifts and engaging in other forms of conflict of interest. The Commission will also ensure that Guyana is not cheated of its oil and gas. Responsibilities will, ...

President David Granger has appealed for an end to political bickering in Region Two (Pomeroon-Supenaam), which is controlled by the main opposition People’s Progressive Party (PPP). “We are aware that the Region faces challenges, but we have to work together to overcome those challenges. One of the challenges is [that] of political collaboration. Another challenge is of social cohesion. These ...

The fraud charge against city businessman, Mikhail Rodrigues, – the man who sledge hammered a parking meter clamp last month- was Friday freed of a fraud charge. He was accused of  fraudulently converting a Canter truck, GJJ 4976, to his own use two years ago. The case was dismissed by Chief Magistrate Ann Mc Lennan after the the owner of ...

by Gary Eleazar Majority shareholder and principal owner of Colonial Life Insurance Company (CLICO), Lawrence Duprey has set his sights on billion dollar local housing market and has asked for evidence to back of the claims of debts owed in Guyana—a request that the Central Bank is currently responding to. Finance Minister Winston Jordan confirmed this today (April 7, 2017) ...

by Gary Eleazar Relocated from Kingston, to the former Customs House Building on Main Street—now rehabilitated at the tune of GYD$160M—the Bureau of Statistics has been called on to evolve from an institution that merely generates information but in fact provides that information in a more readily accessible manner to the citizenry, in addition to foreign investors and other interests. ...

Prime Minister Moses Nagamootoo indicated Friday afternoon that government was unlikely to roll back the 14 percent Value Added Tax (VAT) on private schools this year, but held out hope that action would be taken in 2018. “The 14 percent VAT will be reviewed. I say this- the 14 percent tax will be reviewed- as well as other taxes but whether ...