Business

The Guyana Defence Force (GDF) Coast Guard is beefing up its capacity to provide security for offshore oil exploration and production as well as clamp down on illegal activities some of which “distort our economy,”  President David Granger said. The two boats are Metal Shark 38V Defiant Class vessels, which were purchased by the Government of Guyana at a cost ...

As ExxonMobil prepares to announce that it has found more hydrocarbons in commercial quantities at its latest exploration well offshore Guyana, the Prime Minister of Trinidad and Tobago, Keith Rowley is travelling to the United States to meet with top officials of that American oil giant to discuss refining Guyana’s oil, according to well-placed sources. Guyana’s Ministry of the Presidency ...

Guyana’s Minister of Finance, Winston Jordan has rejected calls by used tyre importers and sellers for government to scrap  plans to ban used tyres from April 1, 2017. “This mass importation of used tyres- I don’t think will change. Guyana is a dumping ground for these,” he said whenasked by Demerara Waves Online News. He said government would, however, be will willing ...

Several persons have been implicated in the alleged disappearance of a large quantity of drugs that were allocated to the Suddie Public Hospital, Essequibo Coast, the Ministry of Public Health said. Divisional Commander, Superintendent K. Pareshram said two pharmacist assistants and one ambulance driver were arrested and subsequently released on GYD$20,000 bail each.  He said searches were carried out on ...

An Air Services Limited training flight Monday afternoon crash-landed at the Cheddi Jagan International Airport, a Civil Aviation Authority official said. “The landing gear was damaged on landing,” GCAA Consultant, Howard Mc Calla told Demerara Waves Online News. Neither the pilot nor the trainee was injured. Other sources said only the trainee pilot was aboard the Cessna 172 bearing registration ...

by Gary Eleazar Guyana’s oil money is not for vote buying come election time by any administration in office. As such, the coalition A Partnership for National Unity, Alliance for Change (APNU-AFC) government is uncompromising in “the avoidance of sleaze and malfeasance in public office,” as evidence by recent proposals to amend the country’s Integrity Commission laws. Prime Minister Moses ...

The United States (US) on Sunday said Guyana’s proposed Sovereign Wealth Fund (SWF) should be set up and governed in such a manner to ensure it is free from interference and cannot be violated- something government said it is well on its way to doing. Addressing the opening of the inaugural Guyana Oil and Gas Conference at the Marriott Hotel, ...

The Ministry of Public Telecommunications on Sunday said it has asked the Guyana Telephone and Telegraph Company (GTT) to prove that it can fully satisfy the country’s demands for data before Digicel’s data link between Guyana and Suriname is discontinued. “GT&T has been invited to submit relevant information and data to clearly demonstrate that they have the network capacity to ...

The Guyana Manufacturers and Services Association (GMSA) has launched a petition against the implementation of the Value Added Tax (VAT) on Forest products—a move that has since increased the cost of production locally and causing local products to be unable to compete with imported products. The petition is currently affixed to saw-mills, lumberyards, community shops and GMSA Headquarters on Waterloo ...

Trinidad and Tobago will be able to refine Guyana’s oil although the quality is different, contrary to a former Energy Minister of that twin-island country, a senior official of that Caribbean nation’s oil company. Vice President (Refining and Marketing) at the Petroleum Company of Trinidad and Tobago (Petrotrin), Astor Harris told Demerara Waves Online News that Guyana’s oil can be ...