Business

After failing to provide clear answers about how a Contingency Fund Advance of $11M made in January 2016 was used to pay staff of the Government Information Agency (GINA), in December the previous year, the entity’s Director, Beverly Alert, has now called on the Auditor General to re-look at the entity’s finances. The matter came up for scrutiny when the ...

Two opposition People’s Progressive Party (PPP) parliamentarians and four other supporters were Friday each granted GYD$500,000 bail for allegedly omitting from the general ledger of the Guyana Rice Development Board a total of GYD$362 million while they were board members of that entity. The prosecution’s case is that they committed the offences during each of the calendar years of 2012,  2013, 2014 ...

One employee of the drugs bond at Diamond Hospital has admitted to stealing GYD$100,000 worth of supplies from the East Bank Demerara facility and one has resigned with immediate effect, the Ministry of Public Health said in a statement. The ministry added that several others, who were released from police custody , have not reported for duty. “They are on strike” ...

Minister of  Natural Resources, Raphael Trotman Wednesday night said the Guyana government would have to consider the social benefits of the construction of a US$5 billion refinery or a smaller facility like in neighbouring Suriname. He said Cabinet would have to study the findings and recommendations contained in the desktop feasibility study conducted by Director of Advisory Services at the New ...

The cost of building a brand new 100,000 barrel per day oil refinery in Guyana can cost up to US$5 billion with a negative rate of return on investment at between US$2 billion and US$3 billion, a consultant said Wednesday. Director of Advisory Services at the United States-based Hartree Partners, Pedro Haas’ findings and assumptions were based on Guyana’s daily ...

Twenty-four year old Naipaul Beharry appeared in the Georgetown Magistrates’ court charged with embezzlement. Beharry stood before City Magistrate Fabayo Azore where the charge read that on may 1, 2015 and July 31 2016 while being a clerk at a firm, he fraudulently embezzled GYD $4.9 million dollars in the name of his employer, Ramgobin Mohanlall. He pleaded not guilty. ...

  Guyanese farmers may soon be able to make better decisions if all goes well with a Participatory Integrated Climate Services of Agriculture (PICSA). A workshop is currently being facilitated by the Ministry of Agriculture’s Hydro-meteorological Department, with funding from the United States Agency for International Development’s (USAID) Programme for Building Regional Climate Capacity in the Caribbean Programme (BRCCC Programme). The Ministry ...

The United States (US) oil giant, ExxonMobil, is yet to make its Final Investment Decision (FID) to engage in commercial production offshore Guyana because local regulatory agencies are still reviewing applications, officials said Tuesday. They are the Environmental Impact Assessment (EIA) being reviewed by the Environmental Protection Agency (EPA) and the granting of a production license by the Guyana Geology and ...

Former President Bharrat Jagdeo, today reiterated calls for decriminalizing the possession of small amounts of marijuana (cannabis sativa) and pointed to the fact, there are many young people across the country who have been jailed, while large scale dealers walk scot free. Jagdeo was at the time addressing his party’s press engagement. The former president was asked to give his ...

The Customs Anti-Narcotics Unit (CANU) Sunday night said two motor racers and the owner of a lumber yard are implicated in the seizure of more than 80 kilogrammes of cocaine stashed in a consignment of lumber bound for the United States (US) where the narcotic would have fetched a street value of GYD$550 million. “The said search revealed cocaine found in random boards scattered ...