Business

The Parliamentary Committee on Social Services today (May 3, 2017) found themselves at loggerheads with the Chairperson of the Board of Directors of the Georgetown Public Hospital Corporation (GPHC), Kesaundra Alves, who refused to allow the members of the team from the Peoples Progressive Party (PPP) into the institution’s drug bond for a site visit. Chairperson of the Parliamentary Committee, ...

The consultant, who was retained to conduct a high-level economic feasibility study of investing in an oil refinery locally, will be making a presentation to stakeholders later this month. This was revealed by Minister of Natural Resources Raphael Trotman at his most recent outreach programme which was held with the business community. The Minister noted that the expert will be ...

Fire early Wednesday morning badly damaged a section of the guest house and senior staff club at the Albion Estate owned by the Guyana Sugar Corporation, Fire Chief Marlon Gentle said. He said fire fighters from Guysuco’s Rose Hall and Albion estates and the Guyana’s Fire Service’s New Amsterdam station responded to a call  shortly after 5 PM and eventually brought ...

The Pan American Health Organisaton/ World Health Organisation has dispatched an expert to audit the procurement process at the Ministry of Public Health and the state-run Georgetown Public Hospital Corporation (GPHC), the ministry announced Tuesday. “I found that it (the procurement process) was a bigger issue than I thought” Lawrence said during Tuesday’s early-morning meeting. “I didn’t think it was as ...

The cash-strapped Canadian oil exploration company, CGX Energy, continues to borrow monies from its shareholder to stay afloat, and indicated that future oil exploration offshore Guyana would depend on restructuring its multi-million debts to several companies. Now that American oil-giant, ExxonMobil, has found more than two billion barrels of oil offshore Guyana, CGX Energy hopes that will be an incentive ...

(AVIATIONPROS.COM) May 01–PANAMA CITY, Panama — An agreement to operate joint flights was signed on Friday between Star Alliance members Copa and Turkish Airlines, and is a major game changer for the travel industry of Latin America and the Caribbean. This is especially important to Guyana, a country very much isolated from global hubs. Now travelers can fly Copa Airlines from ...

  The Alliance For Change (AFC) says the 14 percent Value Added Tax (VAT) is necessary to help bridge a huge deficit in the 2017 National Budget, but promises to lobby for its removal next year. The AFC wants government to set up a body ahead of next year’s budget to discuss the issue “The status of private educational institutions ...

Parts of a loan fund raised originally for a road rehabilitation programme by the previous administration is now being re-shifted to the housing sector for its expansion, Finance Minister Winston Jordan announced. The Government Information Agency (GINA) reported that Jordan said government is working with the Inter-American Development Bank (IDB) to re-programme the housing sector’s over US$30 Million from a ...

The Chief Executive Officer of the Guyana Bank for Trade and Industry, John Tracey has retired with effect May 1, 2017, according to a high-level source. He previously proceeded on annual leave and then later opted to proceed on retirement. Tracey did not accept several calls to his mobile number. It is unclear whether he would be attending the Annual ...

Former Attorney General and Minister of Legal Affairs, Anil Nandlall has defended government paying his law reports subscription during his tenure, saying it was to compensate for a loss of income. “I requested that… and the State granted it because when I took this job, I took it at a loss of income, that I was earning much more and ...