Politics

Ali promises to stay away from negative and “gutter politics” campaigning for Elections

With his party’s General Secretary sitting with arms folded on his right hand, PPP Presidential Candidate Irfaan Ali today promised to run a campaign that will be free of gutter politics and negative campaigning. Mr. Ali and PPP General Secretary Bharrat Jagdeo hosted an end-of-year press conference this afternoon at the Opposition Leader’s Office. Questioned […]

Banks DIH records 14.3% Increase in after-tax profits

Local conglomerate Banks DIH Limited has recorded another year of improved earnings and profits. In its annual report which has been dispatched to shareholders, Banks DIH has announced an improvement its shareholders’ value by recording a whopping 14.3% increase in after tax profits.  According to BANKS DIH Chief Executive Officer, Clifford Reis, the Group’s third […]

“I have nothing to do with Capital One, Two or Three” -Ramjattan responds to Jagdeo’s Claims of foreign accounts

Vice President and Public Security Minister Khemraj Ramjattan today dismissed accusations by the Opposition PPP and its General Secretary Bharrat Jagdeo that he has an account at the Capital One Bank in the US with over $5million US dollars. In a brief statement to News Source, Minister Ramjattan said “I Have nothing to do with […]

Norway releases $9.1 Billion to Guyana under Forest Agreement

The Government has announced that Norway has released G$9.1B to the Guyana REDD+ Investment Fund, administered by the World Bank for disbursement to Guyana for approved projects. Back in 2009, Guyana and Norway signed the climate and forest partnership. Head of the Project Management Office of the Ministry of the Presidency, Dr. Marlon Bristol said […]

Exxon announces its 15th Oil Discovery in Guyana

Just days after Guyana announced the start of oil production, the Exxon company has announced its 15th oil discovery in Guyana. In a statement this morning, the Department of Energy, Dr. Mark Bynoe, today, announced that the discovery was made at the Mako-1 Well southeast of the Liza field in the Stabroek Block. “This discovery […]

BREAKING: Guyana Begins Oil Production

Guyana has officially become an oil-producing nation with first oil coming to the surface today. President David Granger in an address to the nation this evening announced the start of petroleum production. “I have been advised that petroleum production is about to commence – three months ahead of the original schedule. Guyana has become a […]