Business

In what is described as a partnership to decrease risk, local oil exploration company Mid Atlantic Oil and Gas Inc. has teamed up with oil giant ExxonMobil in an agreement that will see the company exploring for oil on behalf of Mid Atlantic. The local company has petroleum concessions in the offshore Guyana Basin in the general location of Exxon’s ...

A Brazilian and a Barbadian company are among  five entities that are in the race to rehabilitate and operate the Moco-Moco Hydropower Plant in Lethem, the Ministry of Public Infrastructure said Monday. Under a Build, Own, Operate, Transfer (BOOT) structure, power will be supplied to the Lethem Power Company grid under a negotiated and agreed Power Purchase Agreement, government said. ...

Nineteen Community Development Councils (CDCs) in Mahaica-Berbice and East Berbice-Corentyne on Sunday (April 3, 2016), received letters of approval for small grants under the Government of Guyana’s community development project, which is being implemented through the Ministry of Communities. First Lady Mrs. Sandra Granger was on hand to present the letters of approval to the successful groups. “This is part ...

As plans continue for the construction of a school for autistic children, Minister of Education Dr. Rupert Roopnaraine on Saturday announced that a curriculum would be developed for that category of learners. Republic Bank (Guyana) Limited, at the same time, called on authorities to generate statistics on autism in the country. Speaking at the Promenade Gardens after a Republic Bank ...

Despite widespread criticism about the now revoked appointment of prominent Guyanese businessman, Brian “BK” Tiwari as a ministerial business adviser, Minister of State Joseph Harmon broke his promise to hold a news conference on Friday to deal with the issue. Instead, Harmon spoke with the state-owned Government Information Agency (GINA) which issued a release and made no reference of the Chairman ...

The Chinese-owned bauxite mining company, Bosai Minerals, has been ordered to clean up used oil that the company said was accidentally released into the Demerara River and surrounding waterways, the Environmental Protection Agency (EPA) said Thursday afternoon. The EPA has instructed Bosai to immediately commence clean-up and restoration activities. Meanwhile, the EPA continues with its investigation and monitoring of the ...

The Guyana Power and Light Inc.  on Thursday announced a 20% reduction in net rates for the supply of electricity across all Tariff categories effective April 1, 2016 as a result in the fall of world oil prices during the past several months. GPL explained that the reduction would be applied as a 5% reduction on the basic rate of ...

President David Granger says he personally revoked the appointment of Brian “BK” Tiwari as ministerial advisor on business development and strongly suggested that he was recruited unilaterally. “Mr. Tiwari is not an appointee of the government. He is not performing any function and that is why the position was rescinded,” he said. Granger said the Guyana government has no use ...

Sugar workers are from Friday, April 1, 2016 expected to receive 2.72 days pay as an Annual Production Incentive (API), a decision that the Guyana Agricultural and General Workers Union (GAWU) has labelled “uncompromising.” A spokeswoman for the Guyana Sugar Corporation (Guysuco) told Demerara Waves Online News that the pay-out will cost the sugar producer  GYD$184.61 million The union said ...

Guyana’s Prime Minister, Moses Nagamootoo and Minister of Business, Dominic Gaskin Tuesday night distanced themselves from the now rescinded appointment of Brian Tiwari as ministerial advisor on business development. “I only know what I read in the papers,” Gaskin said, adding “that’s telling you a lot.” He said he only knew that the appointment was revoked during an interview with ...