Business

People’s Progressive Party (PPP) front-bencher, Irfan Ali and Minister of Natural Resources, Raphael Trotman Wednesday night clashed over ministerial oversight and disposal of the Reserve Fund. Ahead of the sending of the Petroleum Commission Bill to a bipartisan parliamentary select committee, Trotman, in kicking off debate on the draft law, rejected the PPP’s claim at a public meeting at Enmore, ...

General Secretary of the opposition People’s Progressive Party (PPP), Bharrat Jagdeo Wednesday night accused government of misleading Guyanese that genuine consultations would have been held first before deciding the fate of the bankrupt Guyana Sugar Corporation (Guysuco). Jagdeo said United States-based Guyanese Brian Wesley Kirton was authorised before the consultations to search for investors in Guysuco, “This was before they invited ...

The Ministry of Indigenous Peoples Affairs prepared a voucher for a Bourda Market Vendor $250,000 for a quantity of fruits, greens and vegetables but when it cut the cheque, that was made out for $2.5M—monies the Ministry is still to fully recover. The sordid state of affairs with what appears to be a preferred supplier was laid bare today the ...

Minister within the Ministry of Finance, Jaipaul Sharma, Friday (June 9, 2017) announced that he will be recommending a full-fledged investigation to massive mismanagement and corruption to the highest involving the US$200M Skeldon Sugar Modernisation Project. Sharma was at the time briefing members of the media following a site visit to the Skeldon Energy Inc, co-generation plant which has been ...

Acting Chief Executive Officer (CEO) of the Georgetown Public Hospital Corporation (GPHC) Mr. Allan Johnson has been fired from the post and newly-appointed Deputy CEO, Retired Brigadier will take over from Friday. in a statement issued through the Ministry of Public Health, said Johnson was removed from the post with effect from Friday, June 9, 2017, Alves said that the ...

Toronto, June 8th, 2017 – Eco (Atlantic) Oil & Gas Ltd. on Thursday announced that Eco Atlantic and its Operating Partner, Tullow Oil,  have approved an estimated 2,550 km2 seismic survey on the company’s Orinduik Block offshore Guyana. The survey is anticipated to commence in the next two weeks. The survey will be completed by Schlumberger Guyana Inc. (Western Geco) ...

Even as the umbrella Private Sector Commission (PSC) called on government and the opposition to deliver a “good life”, Minister of State, Joseph Harmon on Thursday assured that there is no feud with the private sector but said when the coalition took office more than two years ago, it was busy dismantling a fake economy. “We have had to confront ...

Government is cutting ties with all privately-owned pharmaceutical bonds, even as it prepares to beef up its storage facilities- all aimed at slashing costs and more efficiently storing and distributing medical supplies to the public health sector, Minister of Public Health, Volda Lawrence said Wednesday night. “As you know, we have had issues with private bonds. This year we are focusing ...

The Chief Elections Officer of the Guyana Elections Commission (GECOM), Keith Lowenfield says the absence of a Chairman is affecting key decision-making by that elections management agency. “The absence of a Chairperson, no doubt, curtails the work of the Commission one way or the other,” Lowenfield told Demerara Waves Online News. The delay has also raised concerns by former President ...

    The Working People’s Alliance (WPA)- one of the parties in the governing coalition- has called on the Guyana government to release the contract with the United States (US) oil-giant, ExxonMobil, in the interest of transparency and accountability. “There is no justifiable reason for not publishing this contract. Seeking public comment on it is our democratic obligation. And engaging ...