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Business

CCJ Reverses G$15M award in Defamation case, says awards from other Caribbean countries not automatic benchmark

Port of Spain, Trinidad and Tobago, CCJ – CCJ, Port of Spain. Today the Caribbean Court of Justice (CCJ) in Glen Lall & National Media and Publishing Company Limited v Walter Ramsahoye refused to increase the G$15 million award of damages made to Dr Ramsahoye by the Guyana Court of Appeal. Indeed, it reversed the Court of Appeal’s decision and ...

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GGMC workers get bonus; new headquarters to be built

Workers of the Guyana Geology and Mines Commission (GGMC) have been awarded a one-off payout  in keeping with an agreement with the Guyana Public Service Union (GPSU), Minister of Natural Resources, Raphael Trotman announced Friday. Still faced with cramped working conditions, the staff was also told by GGMC Board Chairman, Stanley Ming that work has begun to find a plot of ...

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New tax chief has “resolute stance” against corruption

Newly appointed Commissioner-General of the Guyana Revenue Authority (GRA) Godfrey Statia vowed to go after corrupt practices in the tax collection agency during several tours of the authority’s locations. “Amidst the many handshakes and light conversation, the new Commissioner-General gave the assurance of his open door policy and his resolute stance against corrupt practices which has tainted the image of ...

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New measures, including being barred from leaving Guyana, announced to rake in GYD$ Billions in outstanding student loans

Graduates and students of the University of Guyana (UG), who fail to repay tuition fees, will soon be barred from leaving the country, Finance Minister, Winston Jordan announced Friday. “All information on recalcitrant borrowers will be eventually put at all immigration points and we will also set up a desk at the same time for those who will be stopped ...

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CXC launches Green Engineering syllabus in Guyana

The Caribbean Examinations Council (CXC) on Thursday launched its Green Engineering Syllabus in Guyana Giving an overview of the syllabus at the launch held at the Theatre Guild, Parade Street, Kingston, Georgetown, subject panel member, Dr. Paulette Bynoe said the Caribbean Advanced Proficiency Examination (CAPE) Green Engineering subject has two units- Introduction to Green Engineering and Application of Green Engineering ...

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Natural gas production not immediately feasible- ExxonMobil official tells parliamentary committee

Although “associated” natural gas has been found along with an estimated 1.4 million barrels of oil offshore Guyana, a top official of ExxonMobil on Wednesday said because of the comparatively small gas find it would not be immediately feasible to exploit that fuel. Country Manager for Esso Exploration and Production Guyana Limited (EEPGL)- ExxonMobil’s local subsidiary- Jeff Simons explained that ...

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Bai Shan Lin grinds to a halt, Region 10’s small loggers have no buyer

The operations of the Chinese logging company, Bai Sha Lin, have ground to halt and the livelihoods of numerous Guyanese who sold logs to that company have been disrupted, Minister of Natural Resources, Raphael Trotman said Wednesday. “The company’s operations are at a standstill right now,” he said. Briefing the bipartisan parliamentary committee on natural resources, he said Bai Shan ...

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Pres Granger supports wider use of cassava flour but wary of political resistance

President David Granger agrees that Guyanese should use more cassava and other gluten-free flours because they are healthier but he forecasts that his administration will face political resistance if there is no broad agreement. “I think at this stage we probably need to develop a more consensual approach,” he said during an interactive session with Guyana’s newly appointed ambassadors at ...

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Private Sector Commission agrees City Hall needs money but “confrontational and unlawful”

Even as the Private Sector Commission (PSC) prepares for another round of talks on efforts to impose a container tax, that business organisation has roasted City Hall for operating and taking “illegal action” without consulting the very people it expects to pay more taxes. “The Commission wishes, however, to remind the Council that the business sector and residents of the ...

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Fund to finance telecoms services in uneconomical areas

by Gary Eleazar Communities across the country with no access to telecommunication services will soon be accommodated through a special fund to be set up, as part of the provisions under the recently approved Telecommunications (Amendment) Bill 2016. Minister of State, Joseph Harmon, elucidated this point on Wednesday when he appeared before the Standing Parliamentary Sectoral Committee on Natural Resources. ...

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