Business

Commuters including residents, tourists, miners and business proprietors can expect a vastly improved carriageway as the first phase of the long-awaited Linden/Lethem road project is expected to commence shortly, a  senior official of the Public Infrastructure Ministry said. Permanent Secretary of Guyana’s Ministry of Public Infrastructure, Geoffrey Vaughn explained that the Caribbean Development Bank (CDB) and the government will advertise ...

The newly-appointed Chairwoman of the Public Utilities Commission (PUC), Dela Britton on Wednesday listed retooling the regulatory agency as one of her priorities at a time when Guyana is preparing to liberalise the telecommunications sector. “The Commission, as I said, has to be retooled and being retooled means that we have to have the necessary personnel to assist in that ...

Former accountant at the Guyana Rice Development Board (GRDB), Peter Ramcharran was Tuesday morning nabbed in Canada less than one month after a Guyana court issued an arrest warrant for him. Well-placed sources said the Toronto Fugitive Squad of the Canadian Border Services Agency arrested Ramcharran. He remained in custody and would be granted an immigration hearing. Earlier this month, ...

Guyana wants to be erased from European and United States money laundering blacklists, saying there is no evidence to support such labels because the anti-money laws have been tightened Foreign Minister Carl Greenidge. “When you consider the other people on the list, it is really absurd that Guyana could find its way on a list of five countries that are ...

A female is set to be sworn in as the third Chairperson of Guyana’s Public Utilities Commission, following the retirement of Justice Prem Persaud from that post, government said Tuesday. She is  Attorney-at-Law, Dela Britton. Britton would be sworn in by President David  Granger on Wednesday at State House. “Ms. Britton intends to apply her broad repertoire of skills to ...

A woman was Monday jailed for 36 months after pleading guilty to an embezzlement charge because her salary during the probationary period was insufficient. Twenty-eight year old Ronella Tashanna Junor stood before City Magistrate Judy Latchman where the charge of embezzlement was read to her. Junor accepted the charge read to her which stated that between March on and June ...

A Partnership for National Unity (APNU), the larger component of the governing coalition, is set to hold its first meeting since winning general elections two years ago, but already President David Granger says it is the responsibility of party representatives in government to report back to their executives. Likely to feature in next months meeting of A Partnership for National ...

Exxon Mobil Corp. said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The development received regulatory approval from the government of Guyana and the production license on Thursday. The company also announced positive results from the ...

ExxonMobil will soon formally make its Final Investment Decision (FID) now that Guyana has issued a production licence for the Liza. The license was issued and and the Liza Phase One development approved by the Ministry of Natural Resources. Prior to an official release, Minister of Natural Resources told the House during debate on the Petroleum Commission of Guyana Bill ...

Opposition Leader, Bharrat Jagdeo’s boast that his People’s Progressive Party Civic (PPPC)-administration is responsible for Guyana becoming an oil-producing nation, and suggestion that the two-year old coalition administration should set up the Norway-model Sovereign Wealth Fund sparked off Minister of Natural Resources, Raphael Trotman labelling him a “waste.” Jagdeo called on government to swiftly enact legislation that would pave the ...