Business

ExxonMobil Sales and Supplies would be buying Guyana’s first entitlement of 1 million barrels of oil from the new Floating Production, Storage and Offloading (FPSO) vessel but that company would not be charging a marketing fee, the Ministry of Natural Resources said Saturday. “The ExxonMobil affiliate bid was the best on the pricing differential for the crude and this lift ...

Police have arrested two of three men who allegedly robbed a businessman of 12 gold chains worth GY$1.5 million on Friday night, that law enforcement agency said Saturday. Commander for Regional Division #3, Senior Superintendent Mahendra Siwnarine said 30-year old Ren Persaud of Crane Housing Scheme, West Coast Demerara was robbed three identifiable males, two of whom were armed with ...

Air Services Limited (ASL) said its Cessna Caravan 8RGAS suffered an engine fire upon shutdown at ASL ramp Ogle after returning from a Mathew’s Ridge flight Saturday morning at about 10:30. “The company’s emergency response team contained the fire and secured the aircraft. The pilot and 3 passengers safely exited the aircraft unharmed,” the domestic carrier said Guyana Civil Aviation ...

The Guyana government would be building 300 prefabricated houses to rent to spectators at the Caribbean Premier League (CPL) from September 30 and the earnings would be used as down-payments for mortgages at commercial banks, President Irfaan Ali announced on Wednesday. “We are looking at a way in which we can marry cricket with uplifting people out of poverty,” he ...

Suriname’s President, Chandrikapersad Santokhi is expected to provide a breakdown of the number of fishing licences that has been granted to Guyanese but his Guyanese counterpart wants to see if those figures are before or after their agreement for 150 licences, President Irfaan Ali said Wednesday. The Guyanese leader said in talks earlier Wednesday, both Mr. Santokhi and Foreign Affairs ...

Suriname’s opposition National Democratic Party (NDP) is calling on the government there to disclose all agreements with Guyana to the Parliament. Starnieuws reports that NDP faction leader, Rabin Parmessar issued the call amid the Guyana government’s persistent concerns about promises that have been made by Suriname’s President Chandrikapersad Santokhi. The Surinamese leader had promised that 150 Surinamese fishing licences would ...

A United States (US)-funded opinion poll conducted earlier this year shows that cost of living, unemployment and the coronavirus are the biggest problems among Guyanese but elected representatives are not doing sufficient to address them. The poll, which was conducted for the International Republican Institute (IRI) between January 4 and 24 through face-to-face interviews in the homes of 1,500 Guyanese ...

President Irfaan Ali on Wednesday announced that a high-tech system will be activated next week on the new $2.3 billion four-lane concrete highway from Mandela Avenue to Eccles that could eventually see speeding drivers losing their licences. “The adjustment of the laws would come where necessary to activate the demerit system for drivers so that those who continuously abuse the ...

Vice President Bharrat Jagdeo on Monday announced that the State-owned Guyana Sugar Corporation (GUYSUCO) would reduce sugar production in Skeldon, Corentyne but would facilitate private cane farming and assign some of the estate lands to shrimp and hemp production. Addressing residents at Line Path, Skeldon, Corentyne, he said 400 of the 1,700 retrenched persons at Skeldon Estate have been rehired temporarily ...

The People’s National Congress Reform (PNCR) on Sunday lashed back at government’s accusations that party leader Aubrey Norton was misleading Lindeners that the stage was being set to increase electricity rates, instead claiming responsibility for government’s position that there would be no tariff hike. PNCR parliamentary representative for Region 10 (Upper Demerara-Upper Berbice), Jermaine Figueira said Mr. Norton’s view last ...