Politics

Government makes $2 Billion available to begin payment of severance to retrenched sugar workers

The Government of Guyana on Wednesday announced that $2 Billion has been set aside to commence payment of severance packages to sugar workers, who were recently laid off. Prime Minister Moses Nagamootoo read a statement prepared by President David Granger in the National Assembly today. According to the statement, the $2 Billion accounts for 50% of severance […]

British Expert concerned about delays in taking Financial Crimes Cases to Court

British Financial Crimes investigations expert, Sam Sittlington, is back in Guyana to support the work of the Special Organised Crime Unit (SOCU). Earlier today, Mr. Sittlington raised some concern over the delays in ongoing investigations into financial and other organised crimes, that have taken place in Guyana. There are well over $300 Billion in financial […]

ExxonMobil’s new Guyana oil discovery is largest to date

The ExxonMobil Oil company announced today positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. According to a statement, The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. […]

Large number of allocated house lots remain unoccupied even after infrastuctural development -Housing Dept.

The Ministry of Communities today said that it is challenged and worried by the large number of unoccupied allotted house lots in schemes where billions of dollars were spent on developing necessary infrastructure. Communities Minister, Ronald Bulkan explained at a press conference that an evaluation of house lot allocations dating back to the year 2000, has […]