Business

Opposition Leader Aubrey Norton on Monday said a government subsidy on gasoline was being provided by both oil and non-oil producing countries an so all that Guyana has to do is to allocate some of the extra earnings from oil exports to stabilise the price at the pumps. “It should come from the extra money. Remember, we pointed out that ...

Opposition Leader Aubrey Norton on Monday highlighted several aspects of Vice President Bharrat Jagdeo’s interaction with a foreign journalist that raise serious questions about his alleged role in business dealings with his friend and tenant, Su Zhi Rong. “Why is it this wasn’t done in the government office that is the official office? Why is it done in the home ...

The Association of Caribbean MediaWorkers (ACM) has strenuously objected to the Organisation of American States (OAS) sidelining of the 15-nation Caribbean Community (CARICOM) in the creation of a Center for Media Integrity of the Americas that would supposedly benefit the region. In a letter of protest to the OAS Secretary General, Luis Almagro, the ACM welcomed the proposed centre but ...

The Alliance For Change (AFC) on Sunday urged the Guyana g0vernment to hire international auditors to investigate the award of large-scale contracts, in the wake of an American news feature that cast the spotlight on alleged underhand dealings mainly with Chinese investors. The AFC’s call was triggered after news circulated earlier Sunday based on a Vice News report in which ...

Minister of Public Works II, Deodat Indar on Sunday related that the privately-owned Stabroek News newspaper has been informed that it was in possession of stolen company documents. That was although they were obtained from the Registry weeks before a burglary occurred, even as he dismissed claims of conflict of interest in the oil and gas sector. The company involved ...

Vice President Bharrat Jagdeo on Sunday fended off fresh claims that he takes bribes from Chinese investors and said he would possibly take legal action against Guyana-based Chinese businessman, Su Zhi Rong for sullying his name and engaging in extortion. “Su denied having said this. Now, I have seen the release that he has actually said this so now I’ll ...

Vice President Bharrat Jagdeo has indicated that he facilitates investment deals but does not get into the actual financial transactions, during facilitation talks at his residence by Chinese businessman, Su Zhi Rong, in the presence of Vice News journalists posing as Chinese investors who were interested in a large scale investment opportunity for prime lands that could accommodate a hotel ...

The 60-year-old Torginol Paints Inc is poised to display several new products and techniques at the upcoming International Building Expo slated for July 22-24 for which it is the official paint. “This year, we will be showcasing our new developments, which have been part of our Research and Development, and we will be showing new technologies and new developments in ...

Vice President Bharrat Jagdeo on Wednesday frowned on Opposition Leader Aubrey Norton’s proposed subsidy on the price of gasoline in order to ease the rising cost of living. Mr Norton specifically recommended that the government should ensure gas prices do not increase above a determined level by compensating suppliers for any price increases where the excise tax reductions have already ...

The ExxonMobil-controlled consortium that is exploring and producing crude oil in the offshore Stabroek Block has agreed to take out a US$600 million insurance “per event” to cater for any oil spill clean-up, even as talks continue for a US$2 billion parent company guarantee, Vice President Bharrat Jagdeo said Wednesday. He told a news conference that consortium named Esso Exploration ...