Business

The Private Sector Commission (PSC) on Tuesday backed the Guyana Association of Bankers (GAB) in calling on government’s investigation agencies to ensure that confidential information about customers’ accounts are not disclosed to anyone else including the media. “The agencies, however, which receive this information, are similarly bound by the confidentiality rules as are the banks and must ensure that these ...

The Ministry of Natural Resources has announced Government’s intention to establish an onshore oil and gas facility in Guyana with a view to fully optimising opportunities for the country in the area of petroleum exploration and production. “The Ministry of Natural Resources, working in conjunction with the Ministries of Public Infrastructure and Business, believes that this facility is a critically ...

The United States’ Department of Transportation (DoT) has been paying keen attention to Dynamic International Airways’ operations, due to consumer complaints and its provision of insufficient information to regulatory authorities. “We stay the effectiveness of the certificates of public convenience and necessity to engage in interstate and foreign scheduled air transportation of persons, property, and mail reissued to Dynamic International Airways, ...

President David Granger says Central government has decided to play a “significant” role in helping Guyana’s cash-strapped city of Georgetown to earn more money, in the wake of concerns about a container tax and the introduction of parking meters. “Money is important and whatever revenue garnering measures are being contemplated and anticipated, will require significant involvement at the level of central ...

The Central Housing and Planning Authority (CH&PA)  has told Georgetown’s Mayor and City Council that it has apparently flouted the law by eventually giving approval for the seventh floor to be added to the building at the corner of Robb and Camp Streets, Georgetown. “We wish to remind you that under the Town and Country Planning Act, the City Council ...

The Guyana Water Incorporated (GWI) on Thursday decided to fire Lear Goring as the entity’s Debt Recovery Manager because he is unqualified for the position. Goring, who was twice convicted for drug trafficking in the United States and deported, is a friend of GWI’s Chief Executive Officer, Dr. Richard Van West Charles. Following the specially convened board meeting, the utility company assured that ...

President David Granger on Thursday signaled that government would pay a maximum 10 percent wage and salary hike to the lowest paid government employees and one percent to the highest paid because that is all that government can afford. “It is perhaps what is affordable at present,” he said on this week’s edition of his television programme, Public Interest. Granger ...

Guyana will earn about GYD$42 billion per year if ExxonMobil begins producing oil at today’s Brent Crude price of US$46.22 per barrel, based on the revenue sharing formula that has been agreed between the two sides more than 10 years ago. Based on projections that the price of oil could increase to as much as US$79 per barrel in 2021 ...

Armed bandits Wednesday night invaded a supermarket at Covent Garden, East Bank Demerara and ordered the owner, staff and customers to lie face down on the ground before carting off more than GYD$1 million in cash and valuables,  the owner said. The incident occurred at about 7:34 PM on August 31, 2016 at Fresh Mart Supermarket, Coverden Public Road, East ...

Although Smart City Solutions (SCS) has agreed to reduce the parking meter fees and the life of the contract from 49 to 20 years, a divided Georgetown’s City Council ended a meeting Wednesday with a decision to hold further negotiations with the company based on the deliberations. The proposed amendments would see the parking rate being reduced from GYD$125 per ...