Business

Guyana lacks the capacity to deal with an expected huge influx of invoices from the United States (US) oil giant, ExxonMobil, is set to begin submitting in the coming months, even as industry experts on Thursday said invoices and payments by international oil companies must be examined in detail. Finance Minister, Winston Jordan is already on record as saying that ...

As Guyana prepares to enact a raft of laws to govern several aspects of the oil and gas industry, an American legal expert on the sector on Thursday said much would depend on the integrity of public officials, a vigilant press and a public that demands transparency. “You can have all of the laws and regulations in place but if ...

A bandit was killed and another captured unhurt during an exchange of gunfire at an attempted robbery at Republic Bank (Guyana), Water Street, Georgetown. Head of the Criminal Investigations Department, Senior Superintendent, Wendell Blanhum said the  bandit was shot in his chest and he succumbed. He was 25 years old and lived at Eccles, East Bank Demerara. Blanhum said one of ...

Issues of corruption in the oil industry will be the focus of a two-day symposium to be held later this week in Guyana, according to the international law firm, Greenberg Traurig, LLP, Vicky McPherson, a shareholder in the Washington, D.C. office of Greenberg Traurig, LLP, will be a panelist at a two-day symposium in Georgetown, Guyana on “Public Corruption and the Curse of ...

A 64- year old security guard was Friday night shot and killed with his firearm by two identifiable male bandits while he was on duty. He has been identified as Gerald Henry of ‘C’ Field, Sophia. The Guyana Police Force said he was stationed at a supermarket located at Lot 8 Block X, Liliendaal, East Coast Demerara where the incident ...

Guyana on Friday began shipping US$17.7 million (GYD$3.8 billion) worth of paddy over the next two months, the Ministry of Agriculture said. The shipment is being made through the Guyana Rice Development Board (GRDB). This initial shipment which totalled 17,000 tonnes is the first batch of paddy from a contract that will see 60,000 tonnes shipped over the next two ...

The Guyana government has suffered a serious shortfall in the collection of current taxes compared to last year, but the Revenue Authority has raked in more arrears in recent months, Finance Minister Winston Jordan said. In a move aimed at rejecting concerns by the business community that their operational costs have spiked because of increased taxes on water and electricity, ...

Finance Minister, Winston Jordan Thursday night ruled out international financing for the construction of hydro-power stations, in response to concerns by Guyana’s private sector that government was foot-dragging on developing that renewable energy source. “We will love to have as many hydro facilities in this country as we can, but it is going to always fall on capacity, technology and ...

Hundreds of field workers of the Guyana Sugar Corporation (Guysuco) will lose their jobs if they refuse to work at Uitvlugt where efforts are being made to boost production, a senior company said Thursday at the end of a very disruptive meeting. Chief Industrial Relations Officer at Guysuco, Deodat Sukhu said many of them have not worked during the first ...

The European Union (EU) on Thursday ruled out doling out more money to Guyana’s ailing sugar sector, and said it has received no request to conduct a study on producing ‘plantation white’ sugar to supply Caribbean consumers of imported refined sugar. “There are no more funds from this protocol. This is it,” EU Ambassador Jernej Videtič told a news conference. Between ...