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Jagdeo says facilitates investments, amid Su claims of under-the-table “processing” fee

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 ...

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Torginol the official paint of International Building Expo 2022 prepares to display new products, techniques

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 ...

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Norton’s gas price subsidy is “cake-shop” economics – Jagdeo

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 ...

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Oil spill insurance pegged at US$600 million “per event” – Jagdeo

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 ...

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CGX to give up more of its concessions for auction

Vice President Bharrat Jagdeo on Wednesday indicated that the government has asked CGX Energy to relinquish parts of its offshore concessions so that they could be added to a list of areas to be auctioned later this year. He made it clear that CGX Energy, which is in a joint venture with fellow Canadian company Frontera, would be giving up ...

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Norton proposes fuel subsidy to stabilise prices

Opposition Leader Aubrey Norton is recommending that the government subsidise the cost of fuel , amid steadily rising prices at the pump. Mr. Norton says the Guyana government should use some of the money from the price windfall to stabilise the prices of gasoline and so prevent a rise in cost of living. “The government should ensure gas prices do ...

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WPA ready to form “broad anti-dictatorial movement” to push for power-sharing

The Working People’s Alliance (WPA), to mark the 42nd assassination anniversary of its co-leader Dr Walter Rodney, pledged its commitment to help create an organised national movement to resist the “dictatorship” and create a new political order based on power-sharing. “Such a movement should be multi-party, multi-racial and multi-class. WPA is prepared to help build that movement. Our objective in ...

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Sex-rejected man sets peacemaker alight- police

A man, who was angered that his girlfriend refused to have sexual intercourse with him, severely burnt a gold miner from whom she sought help, the Guyana Police Force said. Police also said the assailant also burnt the peacemaker’s girlfriend during the fracas at about 3 PM, June 5 at Panty Creek, Puruni Backdam. According to police, the attempted murder ...

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Man admits to killing two men but says was never paid for hit- police

A man, who allegedly shot dead two Brazilian men at Mount Ayanganna earlier this year in exchange for GY$2 million, has confessed to the crime, police said. Investigators said Lyfrey Alban was questioned at the Mahdia Police Station lockup about the killing of Geraldo Vieira De Souza and Edivaldo Alves Da Silva between March, 2022 and April, 2022 at Gold ...

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Ramjattan reelected AFC Leader; party remains in coalition on condition

Mr. Khemraj Ramjattan was Saturay reelected Leader of the Alliance For Change with120 Votes. His lone rival David Patterson mustered 74. Mr Patterson did not contest for any other post. The Alliance For Change is holding its national conference on Saturday. Suceeding Mr Raphael Trotman as Chairma, is Cathy Hughes with 98 who beat Juretha Fernandes’ 85. There was one ...

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