Neil Chan, the one-time owner of the Xanadu nightclub who was known for his efforts in the development of local arts and culture, has died.
Chan’s widow, Sheila, to whom he had been married for 58 years, confirmed to Stabroek News that he died early on Friday morning at the St Joseph Mercy Hospital. He was 88.
A statement issued on Friday by the Guyana Cultural Association of New York noted that Chan had many interests, including culture, music, business and sports. However, it noted that it was “his long, dedicated and outstanding contribution to Guyana’s culture” which saw him being awarded Guyana’s Golden Arrow of Achievement. In 2005, it further noted, he was also honoured by the Association with an award for his contribution to Guyana’s arts and culture…..

Signing bonus should have been around US$238M –Tarron Khemraj
Economist Tarron Khemraj says his computations show that Guyana’s signing bonus from ExxonMobil should have been around US$238 million and not the US$18 million paid.
Exxon agreement should have had more benefits for local businesses, private sector says
The Private Sector Commission (PSC) yesterday said much more should have been done to incorporate local content and greater benefits for businesses here in the petroleum agreement between the government and ExxonMobil’s subsidiary.

GGMC head raised signing bonus at 2016 meeting with Exxon subsidiary
The controversial signature bonus with ExxonMobil was raised at a meeting at its Texas, USA headquarters in April, 2016 by head of the Guyana Geology and Mines Commission (GGMC) Newell Dennison.

No gas flaring except for testing, Trotman says
Except for necessary testing, government has assured that there will be no flaring of natural gas found offshore, in keeping with its commitment to developing a “green state,” according to Natural Resources Minister Raphael Trotman.

Renegotiated parking contract is best deal for city now
Councillor Akeem Peter, Chairman of the committee set up to renegotiate the contract for the Georgetown Metered Parking Project, is confident that he and his team have been able to secure the best deal that the city could manage at this time.