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Business

GYD$89 million Liliendaal bridge opens to vehicular traffic

The modern Liliendaal Bridge, which includes a pedestrian walkway, is now open to vehicular traffic after engineers from the Ministry of Public Infrastructure,Monday evening, completed construction works, one month ahead of the scheduled completion date. In a release by that ministry,  the Minister of Public Infrastructure, Mr. David Patterson said that while the initial deadline was June 2017, the Ministry was ...

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GPHC unable to account for tax payers’ millions …Finance Director says his job “not for the finance per-se”

The Georgetown Public Hospital Corporation (GPHC) is unable to give a definitive position on why many of its Annual Finance Statements are not being filed—months after they are legally required according to the Public Corporations Act—and further is unable to say whether monies it was supposed to return to the treasury were in fact returned. This situation was only compounded ...

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President ordered massive crackdown on illegal mining at Kaieteur National Park; several arrested, dredges seized- Trotman

Police, soldiers and officers of the Guyana Geology and Mines Commission (GGMC) on Sunday swooped down on the Kaieteur National Park and arrested several persons who were allegedly illegally mining there, Minister of Natural Resources, Raphael Trotman said. Trotman said the decision to move in at the Kaieteur National Park was taken by President David Granger, who is the Minister ...

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New Commercial and Deeds Registry Board appointed

The Guyana government has appointed a Governing Board of the Deeds and Commercial Registries Authority, but its full constitution will await the parliamentary approval of the law. “The previous Board expired in May 2016 and the delay in constituting the new one was as a result of the Deeds and Commercial Registries Authority (Amendment) Bill 2017 being laid before Parliament. ...

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Govt is pro-business but “not transparent” about oil contracts ; Jagdeo “salivating” over oil revenues

Transparency and effective planning to use massive oil revenues are among the major issues facing Guyana as the country prepares for first oil by 2020, according to a senior official of a United Kingdom-headquartered independent risk consultancy. Speaking at the 26th La Jolla Energy Conference being held in California, Control Risks’ Senior Analyst for the Andean Region, Raul Gallegos praised ...

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Higher oil prices not necessarily good for Guyana- US Professor

Lower oil prices may be to the advantage of Guyana which expects to pump first oil by 2020 because  high prices for the ‘black gold’ may trigger corruption by politicians, a University of California, San Diego Professor said Wednesday. “The higher the oil prices and the more the revenues that flow into the country, the greater the risk that politics ...

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ExxonMobil injects GYD$5 million into flood relief

The Guyana government on Wednesday said it welcomes a donation of G$5M from ExxonMobil Guyana, which will be handed over to the Civil Defence Commission (CDC) to assist in relief efforts for flood affected areas in Cuyuni-Mazaruni (Region Seven) and Potaro-Siparuni (Region Eight). Senior Director, Public and Government Affairs at ExxonMobil Guyana, Ms. Kimberly Brasington made this commitment today to Acting ...

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Digicel assists flood-affected residents in Regions 7 and 8

Digicel (Guyana) on Wednesday handed over a quantity of supplies to the Civil Defence Commission (CDC) which will be distribuited to flood-affected residents of Region 8 (Potaro Siparuni) and Region 7 (Cuyuni Mazarauni). The donation consists of a substantial quantity of food items from the requested list and cleaning supplies. “We empathize with those residents who have lost their livelihood ...

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You’ll be fined if you import vehicles with used tyres below the required measurement- GRA

The Guyana Revenue Authority (GRA) on Wednesday warned vehicle importers that they will be fined if their vehicles are brought in with used tyres that are not in conformity with recently amended laws. “It must be noted that importers of vehicles not in conformity will be required to pay the fines per tyre prior to the vehicles being released by ...

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Cabinet Committee finalizing Diaspora Engagement Action Plan—Harmon

A Cabinet sub-committee has been established to finalize the Government’s Diaspora Engagement Strategy and Action Plan’ in order to give policy direction with regards its engagement with ‘Guyana’s Region 11.’ Minister of State Joseph Harmon Monday (May 22, 2017) made the announcement as he addressed the opening ceremony of a one-week confab at the Guyana Pegasus aimed at facilitating a 10-man ...

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