Finance

Government seeking additional $40 Billion from National Assembly in Supplementary Budget

Six months after being given approval for its massive $1.1 Trillion Budget, the Government has returned to the National Assembly, seeking an additional $40 Billion. Finance Minister, Dr. Ashni Singh presented two Financial Papers to the National Assembly this morning to seek the additional funds. In a statement, the Ministry of Finance explained that the […]

EPA begins public consultations on ExxonMobil’s 7th oil development project in Stabroek Block

ExxonMobil Guyana Limited, has applied to the Environmental Protection Agency (EPA) for an environmental authorization to undertake its seventh project offshore Guyana at its Hammerhead location.  The proposed hammerhead project will be implemented in multiple stages, which include, drillings and completions, mobilizations and installation of subsea equipment, installing of facilities for Floating Production, Storage and […]

P.F Chang’s Guyana Restaurant launched

Popular Asian restaurant chain, P.F Chang’s has officially launched its Guyana Restaurant on High Street in Georgetown. The new restaurant is being managed and operated by the Corum Group, which also owns the Amici Restaurant and holds the franchise for Pizza Hut. P.F Chang’s represents the group’s latest addition to its business cuisine in Guyana. […]

Oil production in Guyana to reach 1.3million barrels per day with new projects coming on stream -ExxonMobil

With new projects to come on stream soon, Guyana will continue to see greater earnings from the oil and gas sector. At the current production level, over US$1.5 Billion is being generated every month. During an appearance on the Energy Perspectives podcast, the Vice President and Business Service Manager of ExxonMobil Guyana, Phillip Rietema, noted […]

Jagdeo declares war on Gold smugglers

Faced with that Corruption in Guyana report by the U.S Department of Treasury, which highlighted large scale gold smuggling and the bribery of Government officials, Vice President Bharrat Jagdeo today declared war on gold smugglers, threatening that the Government of Guyana will be tightening the sanctions to include forfeiture of assets, among other harsh penalties […]