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News

Guyana’s legal fees for ICJ border controversy case may cost more than US$15 million

Minister of Foreign Affairs, Carl Greenidge said none of the US$18 million ExxonMobil signing bonus has been spent so far on legal fees for the Guyana-Venezuela border controversy case at the International Court of Justice (ICJ). He said US$15 million of the entire bonus have been set aside for legal fees, but government might need to find more money as ...

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Man who allegedly threatened to kill President remanded to prison

A 64-year old man of Triumph, East Coast Demerara, who allegedly threatened to kill President David Granger, was Monday sent to jail pending trial. Motielall Balkarran was refused bail and remanded to prison until April 16, 2018. Police said on March 20 at Triumph, East Coast Demerara he called the Emergebcy Service, 911, and threatened to kill President Granger by ...

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Chamber, MAPM to file objections to parking meter by-laws

The Georgetown Chamber of Commerce and Industry (GCCI) and the Movement Against Parking Meters (MAPM) on Monday announced that they would be filing objections to the parking meter by-laws. Approved last week by 13 of the councillors who were present, the by-laws have been posted up at several locations across the City for 14 days to allow citizens to make ...

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Exxon sparks IMF Concern with weighty returns in tiny Guyana… royalty rates well below international standards ; tax laws should be revised

Reproduced from Bloomberg Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said. While Guyana should honor the existing deal, future contracts should ensure the state gets a higher portion of crude proceeds, the fund said in a report ...

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Basil Williams vs Joseph Harmon for PNCR Chairmanship?

Chairman of the People’s National Congress Reform (PNCR), Basil Williams on Monday said the members of his party will determine whether he returns to the number two spot of that political party. Party sources have indicated that Joseph Harmon is interested in the number two post of that party. Harmon has already declined to comment on his availability for the ...

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Corrupt Guyanese law enforcers must be jailed- British envoy

Britain says corrupt Guyanese law enforcement agents must be extracted from the law enforcement agency, convicted and jailed because there is no place for such persons in the Guyana Police Force. Addressing the opening of a two-week workshop on fraud, bribery and corruption, Britain’s High Commissioner to Guyana, Greg Quinn said he was unapologetic in his stance. “There is no ...

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Corruption in government circles has been reduced- Attorney General reacts to US report

Attorney General and Minister of Legal Affairs, Basil Williams on Monday said the extent of corruption by government officials is far less compared to up to about three years ago. “I could venture without any fear of successful contradiction that since we entered into government, we have not experienced any case of the scale of those that we have inherited ...

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Guyana has not borrowed from Islamic Bank, but US$900 million is available– Finance Ministry, following Jagdeo’s criticism

The Ministry of Finance on Saturday said Guyana has not borrowed any money from the Islamic Development Bank (IsDB), but could potentially tap into a total of US$900 million in loans and grants “Guyana has not received any loans from the Islamic Development Bank,” the Finance Ministry said after Opposition Leader  Bharrat Jagdeo criticised government for borrowing US$900 million from ...

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Trio in custody for allegedly threatening to kill Granger

Police said they arrested three persons, including a 65-year old man, have been arrested in connection with allegedly threatening to assassinate Guyana’s President, David Granger. Investigators said the threatening phone calls were made against the life of Granger on the 911 system at Brickdam on the 20th March, 2018. Previously, an inmate of the Lusignan Prison had been charged with ...

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