Business

Guyana has been identified as one of several Caribbean countries that could be part of a regional ferry network which is expected to be cheaper than airfares if slower vessels are used, and the proposed Public-Private Partnership model would have to include the upgrading of wharves, according to a study done for the United Nations Economic Commission for Latin America (ECLA). ...

Two brothers on Sunday- Christmas Day-  confessed to the killing of well-known interior Land Surveyor, Ricky Oswald Ambrose, after he allegedly shot at their camp and threatened to kill them if they did not move from the land on which they were working, police said Monday. Investigators said Randel Layne and Mario Moses confessed that they waylaid Ambrose,40, on October ...

The Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt Col. Egbert Field has confirmed that the Dominican Republic-headquartered low-cost airline, Arajet, is interested in adding Guyana to its routes. He said the carrier wrote the GCAA last month asking about the procedures and requirements for serving the Guyana market. Lt. Col. Field’s confirmation came after Arajet on December ...

Outspoken activist, Ramon Gaskin is preparing to take his case to the Caribbean Court of Justice (CCJ) after the Guyana Court of Appeal upheld a High Court decision that the Esso Exploration and Production Guyana Limited’s (EEPGL) other joint venture partners, Hess and China National Offshore Oil Corporation (CNOOC), in the Stabroek Block  did not need separate licences, a lawyer ...

People’s National Congress Reform (PNCR) activist Carol Smith-Joseph on Wednesday appeared in court for 14 fraud charges because she allegedly “solely” approving transactions totalling GY$6.1 million while she a board director of the Mahaica Abary Rice Development Scheme (MARDS) Rice Milling Complex Limited. She appeared before Mahaicony Magistrate, Marissa Mittelholzer with defence lawyers Nigel Hughes and Roysdale Forde. The accused ...

In the wake of the death of two tourists in Guyana’s interior within the past two months, Guyana’s tourism industry stakeholders have laid the groundwork for stringent safety and security rules which could eventually become laws or regulations, officials said. Director of the Guyana Tourism Authority (GTA), Kamrul Baksh suggested that recent separate deaths occurred because of a breach of ...

The High Court on Friday ruled that the France-headquartered Schlumberger, a global provider of products and services to ExxonMobil’s operations in Guyana, must stop storing, using and possessing radioactive materials at its facility at Houston, East Bank Demerara. Justice Nareshwar Harnanan, in handing down his decision, agreed with the plaintiffs that the environmental permits awarded by the Guyana government’s Environmental ...

ExxonMobil will next year have to relinquish 20 percent of the Stabroek Block offshore Guyana and that area would eventually be auctioned, Vice President Bharrat Jagdeo said on December 9. “Exxon has this huge area and so next year I think they have to relinquish 20 percent of that,” he told a news conference.  ExxonMobil is the operator in the ...

President Irfaan Ali Thursday night encouraged overseas-based Guyanese and local investors to pool their monies to invest in condominiums in upscale areas. “We have a lot of liquidity that exists in the Diaspora. This is a challenge to the Diaspora. I challenge you today. You can’t do it individually, come together,” he said. Addressing the Georgetown Chamber of Commerce and ...

President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker on Thursday appealed t0 government to scrap the excise tax on new vehicles to allow ordinary Guyanese and the country as a whole to benefit in several ways. While acknowledging that Guyana’s roads are congested, the Chamber said the removal of the excise tax would see Guyanese having ...