News

Reproduced from Bloomberg Tullow Oil Plc fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells in the South American country was found to be heavy, with a high sulfur content. That’s disappointing to shareholders ...

A day after they allegedly stole a large quantity of raw gold at the Matthew’s Ridge airstrip, two of four suspects were arrested Tuesday morning with some of the precious yellow metal, guns and ammunition, the Guyana Police Force said. High-level police sources said a constable attached to the Tactical Services Unit was also arrested. The sources said the raw ...

A two-day old baby boy died after a swinging hammock burst and he fell to the ground and was injured, police say. His mother did not take him to seek medical attention. Police say the body was examined and some discoloration was observed to his shoulder and back. Lance Douglas died at his residence at Murabisi Creek, Mouth Island, Middle ...

The Change Guyana political party on Tuesday proposed a steep reduction or elimination of a range of taxes as a way of reducing poverty and stimulating private sector-led development. The party is promising to make the first GYD$100,000 of salaries free from income tax in 2020, in view of its calculation that a household cost of living is GYD$120,000 per ...

The University of Guyana (UG) Council has appointed Dr. Edward Greene, a well-known former diplomat of the Caribbean Community (CARICOM) and the United Nations (UN), as its next Chancellor, the institution said Tuesday. The UG administration says Greene is expected to be inducted at a simple ceremony during this year’s convocation exercise at 10 a.m. on Saturday at the Turkeyen ...

Finance Minister, Winston Jordan says government is employing at least 15,000 persons who really should be sent home so those remaining on the job can be paid better wages and salaries. “If you really want to downsize government, you are talking about another fifteen (thousand) to twenty thousand workers to really make that saving to pay those who will remain ...

President David Granger promises that the bulk of Guyana’s oil revenues will trickle down to ordinary people and some will be used to revive the country’s village economies and social programmes. “We will put the benefit, we will put the profit, we will put the better part of that petroleum revenue to ensure that your children will never be poor ...

A New York-bound Caribbean Airlines flight from Guyana diverted to The Bahamas Saturday night. The carrier on Sunday confirmed that flight BW 526, with 134 passengers and 7 crew on board, diverted to The Bahamas due to a mechanical issue with one of its engines. Caribbean Airlines says the aircraft has been withdrawn from service and all appropriate inspections and ...

by GHK Lall I had to travel all the way from the USA to find Stalingrad by the Demerara. With that announced preference by the PPP candidate for much-needed supporting material, there is no more cat in the bag, no disagreements about whether a cat is present and lurking. No discussions as to what kind of predatory animal it is. ...

The Board of the state-owned Guyana Power and Light (GPL) on Friday overturned a decision by the Chairman and Chief Executive Officer to send home two directors, sources said. Deputy Chief Executive Officer, Renford Homer and Director of Human Resources, Bal Persaud could be back on the job if the Chairman, Rawle Lucas and the Chief Executive Officer, Albert Gordon ...