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Business

Suriname’s capital under curfew after day of violent protest

Surinamese authorities on Friday imposed a 6 PM to 6 AM curfew in the capital, Paramaribo, where thousands of persons poured out on the streets earlier in the day to protest spiralling cost of living, authorities said. “Due to the situation in the country, the community is urged to avoid the inner city and busy locations. The units patrol the city ...

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SURINAME: Thousands of protesters vent anger at rising cost of living; National Assembly stormed

Thousands of protesters took to the streets of Paramaribo, Suriname, storming the National Assembly building and looting businesses as pressure mounted on the government in the wake of rising prices for fuel and general cost of living. The protesters are demanding that President Chandrikapersad Santokhi and Vice President Ronnie Brunswijk resign because they have presided over an International Monetary Fund ...

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Guyana will save US$500 million annually from gas to shore project

The US$1.7 billion gas-to-shore project, including the natural gas-fired power plant and natural gas liquids plant, is projected to save Guyana US$500 million annually after paying ExxonMobil US$55 million each year for the pipeline, Project Lead Winston Brassington said Wednesday. “Exxon projects that the quality of the gas, which is a very high quality gas- rich gas, will remain stable ...

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Indigenous communities draw down GY$4.7 billion from Hess carbon credit payment

Indigenous communities totalling 241 were Wednesday informed that they would each receive millions of dollars now that Guyana has received the first installment of US$75 million from American oil company, Hess Corporation, for the sale of forest carbon credits, but they first have to craft approved development plans. Vice President Bharrat Jagdeo, addressing Toshaos (Amerindian village chiefs) at the Arthur ...

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Guyana govt protests American Airlines’ shabby treatment of Prime Ministers Rowley, Gonsalves

The Guyana government on Wednesday publicly protested American Airlines’ shabby treatment of the Prime Minister of Trinidad and Tobago, Dr Keith Rowley and the St Vincent and the Grenadines Prime Minister Dr Ralph Gonsalves as they prepared to depart Guyana earlier in the day. The Foreign Affairs Ministry accused American Airlines of refusing to allow the Prime Ministers’ check-in through ...

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Guyana asked to help LIAT

President Irfaan Ali on Tuesday said the Guyana government has been asked to help revive the cash-strapped regional airline, LIAT (1974) Limited but no decision has been made. Acknowledging that LIAT is an “important” aspect of regional transportation, he said the governments of Antigua and Barbuda, and St Vincent and the Grenadines have been talking with the Guyana government about ...

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ExxonMobil forecasts 400,000 barrels per day from Liza 1, 2

ExxonMobil, the operator in the Stabroek Block, has increased production by 40,000 barrels per day (bpd) from Liza 1 and Liza 2 and is targeting 400,000 bpd in the coming months, ExxonMobil’s Vice President (Upstream) Liam Mallon  said on Tuesday. Giving a production update at the Guyana Energy Conference being held from February 14 to 17 at the Marriott Hotel, ...

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Global sustainable development leader backs out of Guyana Energy Conference

Internationally renowned Professor of Economics, Jeffrey Sachs has decided to back out of the Guyana Energy Conference, shortly after he was billed as a keynote speaker at the four-day event that opens on Tuesday. “Jeffrey has decided to no longer attend,” Conference spokesman, Alex Graham told a news briefing. “As far as we know, he had committed and later on ...

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Lawyers for Cane View/Mocha residents request pre-litigation mediation with government

The deadline for government to signal its intention to pursue an out of court resolution with Cane View/Mocha residents will expire in a few days. The residents, whose homes were demolished, and all their personal belongings destroyed by the government in  January, have retained lawyers. On February 8, 2023, International Lawyer Dr. Vivian Williams, and Guyana-based Attorney Lyndon Amsterdam served ...

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