Business

President Irfaan Ali has recommended that the 15-nation Caribbean Community (CARICOM) and the Central American Integration System (SICA) combine their efforts to maximise food production in the region. He also proposed a joint meeting between the Central American Agricultural Council and CARICOM’s  Agricultural Ministerial Task Force “so that we can marry the priorities to establish a time-bound framework that is ...

ExxonMobil plans to drill 20 additional exploration wells offshore Guyana, as the company gathers more seismic data from other discoveries and plans to link oil producing vessels to nearby wells in order to guarantee a steady flow of crude, the company’s  Senior Vice President Neil Chapman said. Speaking during a question and answer session at Investor Day 2022 held on ...

The People’s National Congress Reform (PNCR) on Wednesday slammed the Irfaan Ali-led administration for shutting out the opposition from the Natural Resource Fund’s (NRF) Board, dashing hopes of keeping an eye on how the ‘oil money’ would be spent. “By these actions, the PPP has shown again its total lack of interest in transparency, accountability and inclusivity. It continues to ...

In the wake of concerns by the Caribbean Private Sector Organisation (CPSO) about whether Guyana’s local content legislation is breaching Caribbean Community (CARICOM) single market rules, regional leaders have agreed to consider what should the amount of local content and over what period, Barbados Prime Minister Mia Mottley said Wednesday. Briefing the media on the outcome of the CARICOM mid-term ...

Increasing agriculture output and reducing the 15-nation Caribbean Community’s (CARICOM) food import bill have received a financing boost with the availability of credit facility at Republic Bank. In a statement issued late Tuesday night, the Guyana government said President Irfaan Ali reported to colleague CARICOM leaders at their mid-term summit in Belize that “concrete progress” has been made in getting ...

ExxonMobil Guyana on Monday denied obtaining a US$2.5 billion insurance to cover the clean-up of the environment due to an oil spill or any other occurrence but former Executive Director of the Environmental Protection  Agency (EPA), Dr. Vincent Adams hours later insisted that such coverage had been obtained during his tenure. “Contrary to claims in the media, ExxonMobil Guyana never ...

An early Sunday morning fire destroyed a residence and a major business on the Essequibo island of Wakenaam. The business owner’s name is Anil Rambarran. He was rushed to the Wakenaam Hospital because his blood pressure apparently increased, sources said. The hospital now only has one doctor as the other has been removed. The fire erupted at about 3 AM ...

The People’s National Congress Reform (PNCR) on Tuesday argued against government building a more than US$1 billion natural gas pipeline, and instead suggested that the gas be shipped to shore or other markets. PNCR Central Executive Member, Retired Rear Admiral Gary Best declined to provide details to justify his party’s preference for shipping, instead saying that would be done before ...

A search, rescue and recovery team on Monday spotted the net of the trawler that capsized in the Atlantic sea early Sunday morning, resulting in the disappearance of three fishermen, Public Works Minister II Deodat Indar said. “They saw the net floating in the general area where the trawler sank,” he told News-Talk Radio Guyana 103.1 FM/ Demerara Waves Online ...

As families await word about the disappearance of three fishermen after a seabob trawler sank off the coast of Mahaicony early Saturday morning, officials on Monday said emergency response was hampered by the late delivery of information to authorities. “Our understanding is that there was no information passed on to the Lighthouse or MARAD (Maritime Administration) at the time of ...