Business

Government on Tuesday downplayed calls by the Guyana Telephone and Telegraph (GTT) for an audit of Digicel’s allegedly illegal bypass operation that might have cost the national treasury more than US$30 million. Instead, Public Telecommunications Minister, Cathy Hughes suggested that GTT could also be cited for breach of contract as far as improving its landline service. “I  have no objections to ...

by Gary Eleazar ExxonMobil, the US-based oil giant gearing for production offshore Guyana, has confirmed that there will be sufficient natural gas in the reserves to supply a 200 megawatt (MW electricity generation plant which would make the establishment of an alumina plant in Guyana feasible once again, but government is still looking to independently verify this. “There is going ...

by Gary Eleazar The Chinese Development Bank (CDB) has asked Guyana to not give out lands once held by Bai Shan Lin Forest Developers Inc, since it is looking to secure finances to re-capitise loans owned by that company. This is according to Minister of Natural Resources Raphael Trotman, who today (April 19, 2017) provided an update on the operations ...

In the wake of concerns about the pollution and degradation of rivers in the Mazaruni area, the Ministry of Natural Resources on Tuesday announced that a team has been deployed to correct the situation. “The Minister of Natural Resources has ordered a team comprising officers of the Guyana Geology and Mines Commission (GGMC) and the Ministry’s Compliance Division be despatched ...

by Gary Eleazar Opposition Leader, Bharrat Jagdeo on Tuesday called Minister of Natural Resources, Raphael Trotman’s recent pronouncements on how oil revenues will trickle down to ordinary Guyanese “charlatan analysis.” “Now you hear they (administration) gonna give the money to Regions but they have not even decided on element of the Sovereign Wealth Fund but they already talking about how ...

Plans are underway to upgrade all the roads on the Essequibo Coast in Region Two to asphaltic structures, and to strengthen the sea and river defences. In an interview with the Government Information Agency (GINA) Regional Engineer, Region Two, Phillip Amos said the aim is to make the roads’ surface more durable so they could last longer. Amos explained that ...

The Ministry of Natural Resources is looking to restrict the importation of pinewood as an incentive to the 14 percent Value Added Tax (VAT) on the local logging industry. Minister of Natural Resources Raphael Trotman told the Government Information Agency (GINA) recently that this move will also seek to reverse what he terms the “dumping” of the foreign lumber in ...

President David Granger has named at least three sugar estates that will be retained as part of a restructured Guyana Sugar Corporation. They are Blairmont, Albion and Uitvlugt. “Guyana is trying to preserve its industry. That is why there will be a Blairmont and that is why there is going to be an Albion and we will preserve as many of ...

Dynamic International Airways, which left numerous passengers stranded in Guyana and New York late last year, has been ordered by the United States Department of Transportation (DoT) to pay US$120,000 in penalties for cancelling several flights, failing to notify passengers in a timely manner and refunding them. Dynamic has provided several reasons for each of those problems that plagued passengers during September, ...

Several communities in Mabaruma and Port Kaituma will get all weather roads for the first time. Minister of State Joseph Harmon today, revealed that Cabinet has granted its approval for the award of contracts for the rehabilitation of six lots of all-weather roads in Mabaruma and Port Kaituma in Region One. During a post-Cabinet briefing today, at the Ministry of ...