News

At least half a dozen traders from Houston, Geneva and London are set to alight on tropical Guyana this weekend to bid on some of the first oil cargoes produced by the tiny South American nation, Bloomberg reported. Guyana has no experience in trading oil — and it’s looking to learn the basics from its very first buyer. The government ...

The Traffic Chief of the Guyana Police Force, Linden Isles says he has recommended that all minibus parks be removed to the Railway Embankment in the vicinity of Lamaha Street east of Camp Street. Mr. Isles says that recommendation is contained in a paper that was dispatched to the Ministry of the Presidency. If the Traffic Chief’s idea is accepted, ...

The Maritime Administration Department’s (MARAD) Director of Maritime Safety, Captain John Flores has issued a warning to would-be pirates. He said the regulatory agency would be implementing an Automatic Identification System (AIS) to track vessels plying Guyana’s waterways. According to Flores, in the event of a piracy attack, a distress signal will be sent to any of MARAD’s maritime safety ...

The United States (U.S.) says it has provided nearly US$4 million in humanitarian assistance to Venezuelan refugees in Guyana since fiscal Year 2017. “Funding includes increasing Venezuelans’ access to legal status, promoting social integration in host communities, and improving support and access to social services,” the American embassy in Georgetown said in a brief statement. The U.S. disclosure coincides with ...

About three hours after the Bank of Guyana said it would be pressing Republic Bank Guyana to compensate customers for inconvenience stemming from an upgrade of its system, the Trinidad-headquartered financial institution said it had days ago already decided to do so. “Importantly, at the Bank’s Annual General Meeting on December 9th 2019, Chairman, Nigel Baptiste, announced that the Bank ...

Guyana’s central bank, the Bank of Guyana, on Wednesday formally took over responsibility for managing the Natural Resources Fund also known as the sovereign wealth fund (SWF), even as Guyana awaits word from the Federal Reserve Bank of New York (or the New York Fed) on due diligence where the monies will be deposited. Governor of the Bank of Guyana, ...

The United States on Tuesday disassociated itself from dated, private comments by American Political Science Professor Robert Evan Ellis who has forecast a likely victory for the opposition People’s Progressive Party (PPP) at the next general elections. The diplomatic mission said Ellis’ comments “in no way reflect an official position” and he had written those “last April before his employment ...

The governing coalition of A Partnership for National Unity+Alliance For Change (APNU+AFC) Monday night slammed a United States (US) State Department Advisor on Latin America and Caribbean Affairs, Dr. Robert Ellis for predicting a “likely” People’s Progressive Party Civic (PPPC) victory at the next elections, by seeking to link him to a company that is helping to clean up that ...

The Guyana government will shortly begin remapping the country for the first time in 50 years to give prospective and current land users a better idea of location, resources and features, officials said. Commissioner of the Guyana Lands and Survey Commission (GLSC), Trevor Benn says an US$18 million project was approved by the National Procurement and Tender Administration. Mr. Benn ...

Four employees of the Guyana Lands and Survey Commission (GLSC) were dismissed this year for corrupt practices, a senior official of that semi-autonomous state agency said Monday. GLSC Human Resources Manager, Shonda James-Williams says the employees were fired because they had privately collected monies and promised to issue lands to potential clients of the commission. “We had about three employees ...