Business

Guyana is preparing to pass new legislation, tighten existing regulations and establish a new oversight body to govern the still lucrative oil and gas sector, according to a well-placed source. The proposed regulatory board for oil and gas is expected to include representatives from civil society, the opposition and government, rather than just the minister responsible for petroleum. “There is ...

President David Granger on Monday signaled the need for “parking lots” in Georgetown, but stayed clear of any direct reference to the controversial parking meter issue. Addressing a sitting of the full Georgetown City Council at City Hall, the Guyanese leader listed several items that he suggested the municipality’s elected decision-makers should consider putting in place. “Let us have bus ...

Moments after President David Granger said he wanted to see Georgetown vendors being properly housed, Town Clerk Royston King called on City Councillors to craft a policy on street vending and find a new location before November- the new deadline for the vendors to remove from a plot of land to which they have been relocated. “The Council will have ...

One of the planes that was flown out of Guyana without genuine clearances  Sunday morning left  Anguilla for Puerto Rico, while the other was left behind on that tiny British dependency, according to usually reliable sources. The sources said the Cessna 206, bearing registration number 8R-GTP, was allowed to leave Anguilla’s Clayton Lloyd International Airport after receiving clearance from the civil ...

In the wake of the unauthorized removal of two aircraft from the Eugene F. Correia International Airport and flying them overseas, Ogle Airport Inc. is downplaying concerns that there has been an apparent breach of airport security. OAI spokesman, Kit Nascimento said the operators of Oxford Airways, who are eligible to enter airside with their airside passes, entered the airport, ...

An Information Communication Technology (ICT) needs assessment project will get underway in hinterland and rural communities in Guyana, following a US$524,00o contract which was signed by the Government of Guyana, Germany-based Detecon Consultancy and the United Nations Development Programme (UNDP). Present at the signing o Friday, was Resident UNDP Coordinator, Khadija Musa who co-signed the agreement alongside Minister of Public Telecommunications, ...

Guyana does not forecast any immediate loss of European Union (EU) funds or market access for its products as a result of Britain’s exit from that free trade bloc, Foreign Minister, Carl Greenidge said Friday. He reasoned that the African, Caribbean and Pacific (ACP) group of which Guyana is a member was not expected to be adversely affected. He said ...

Guyana’s Foreign Minister, Carl Greenidge says that Brazil is expected to tap into China’s US$10 billion Latin America Infrastructure Fund to build the Linden-Lethem road and provide much needed transportation for goods between the two South American countries. Speaking at the parliamentary committee on Foreign Affairs, Greenidge noted that Guyana and Brazil have agreed to collaborate on finding money to finance ...

President David Granger on Thursday expressed disappointment at the apparent lack of consultation about the Georgetown Municipal parking meter project and described  the metered parking rate of GYD$80,000 per month for as  “burdensome” ‎.  ‎ ‎‎’It is a burdensome amount for any person, rich or poor. That is why the Minister of Communities has been asked to examine the contract ...

Rice has been making up the bulk of Guyana’s exports to Brazil under a preferential trade agreement mainly, the Foreign Relations Sectoral committee was told Thursday. Briefing the committee under the chairmanship of opposition People’s Progressive Party Civic’s (PPP), Gail Teixeira, the Foreign Affairs Minister of Guyana, Carl Greenidge said since the Rupununi-based Santa Fe mega-farm, owned by Sir Kyffin ...