Business

Suriname’s President, Desi Bouterse on Monday urged Caribbean Community (Caricom) member states that are involved in mining and oil to  unite towards industrialisation rather than continue to be vulnerable to global commodity prices. “Those member-states of Caricom and the wider Caribbean, which have been dependent on the extractive sectors, need to get together to discuss meaningful ways to shift from the ...

Refined screening procedures to accelerate the process for North American passengers transiting in Trinidad’s Piarco International Airport, enroute to Guyana, on Caribbean Airlines (CAL) will come into effect Wednesday, July 6, 2016, authorities said  Sunday. Officials from CheddiJagan International Airport (CJIA) – headed by its Chairman of the Board, Stephen Fraser – and Guyana Civil Aviation Authority (GCAA) recently met ...

The man responsible for the plot of land where Stabroek Market vendors were relocated has disputed claims by Town Clerk, Royston King that the municipality was likely to get a three-month extension fpr the vendors to continue selling. Instead, Mr. Hareshnarine “Chiney” Sugrim said he never had any such discussions with King and that come early August, 2016 the vendors ...

In what appears to be an intensified tit-for-tat, former President Donald Ramotar on Friday released a letter from Brian Tiwari to refute the prominent businessman’s claim that he had abandoned the People’s Progressive Party Civic (PPPC) long before  last year’s  general elections and supported the coalition. However, Tiwari said he had felt compelled to write the letter for fear that ...

The installation of about 6,000 solar panel systems at State House, the President’s Official Residence, is set to become a political football match between the opposition People’s Progressive Party Civic (PPPC) and the incumbent APNU+AFC coalition-led administration. Minister of State, Joseph Harmon said most of the GYD$48.6 million was spent on the purchase and installation of the solar panel systems ...

An inquiry has been launched into the unauthorized departure of two light aircraft from the Eugene F. Correia (Ogle) International Airport almost one week ago, Minister of State Joseph Harmon said Thursday. He said Minister of Public Infrastructure, David Patterson advised Cabinet that an inquiry has been launched as part of government’s efforts to ensure there is no repeat of ...

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels. “We are excited by the results of a production test of the Liza-2 well, which confirms the presence ...

With Guyana expected to apply to the global transparency watchdog for extractive industries in November for membership, the newly-formed civil society organisation, Policy Forum Guyana, says effective monitoring of open and accountable management of Guyana’s natural resources will require a drastic changes in the existing system. “If we are going to manage extractive resources, there is a whole range of ...

Opposition Leader, Bharrat Jagdeo on Wednesday urged the Guyana government to hire the best legal brains to renegotiate the profit sharing agreement with ExxonMobil. “The government should hire the best lawyers in the world to make sure we engage. Get some advisers who can help with this sector,” he told a news conference. He said countries with oil sector experience  ...

Contributions of cash, scholarships and pledges totaling over US$70,000 dollars or 14.5 million Guyana dollars were among the major outcomes of the first University of Guyana (UG) Education Resource Ambassadors Conference, and participants say it is now time for government to provide emergency funding. “Be it resolved that the University of Guyana Educational Resource Ambassadors hereby call on the Government of ...