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SOL Guyana Inc and the Guyana General Workers’ Union (GWU) have signed a two-year Collective Labour Agreement (CLA) paving the way for the company’s workers to receive a 10% salary increase for 2024, and an additional increase of 5% in 2025. The signing took place at the Ministry of Labour. President of the GWU, Norris […]
President Irfaan Ali today blasted the local Banking Sector for them not being “proactive” in the evolution of the country’s business sector. In his address at the Private Sector Commission’s (PSC’s) 32nd Annual General Meeting (AGM) at the Guyana Marriott Hotel, the President said while the Private Sector has jumped at existing opportunities both in […]
The Minister of Trade and Industry in Trinidad and Tobago, Paula Gopee-Scoon, has denied that Trinidadian authorities rejected a shipment of packaged milk from Guyana, instead indicating that the shipment was returned to Guyana by the Trinidadian distribution partner of Demerara Distillers Limited. Two days ago, Demerara Distillers Limited called an emergency press conference to […]
Guyana earned G$126 Billion (US$604.3M) in oil revenues during the first quarter of this year, according to a document laid in the National Assembly today by Minister with responsibility for Finance, Dr Ashni Singh. The document titled “Government Notice” was presented to the House in accordance with Section 33 (2) of the Natural Resource Fund Act […]
The President of the Georgetown Chamber of Commerce, Kester Hutson, has emphasized the need for respect for Guyana’s local content legislation, as he addressed a Trinidadian business mission visiting Guyana. During an address to the group, the Head of the Chamber of Commerce also noted the importance of bilateral collaboration and promoting sustainable development between […]
The stage is set for the hosting of this year’s Linden Town Week event, which opens this weekend and concludes on the 6th May. The mining town of Linden, which sells itself as the heart of Guyana, is celebrating its 54th anniversary as a town, and through the Linden Town Week Committee and the Linden […]
Attorney General and Minister of Legal Affairs, Anil Nandlall, believes that the Government has set the framework in place to provide the necessary protection for Guyanese workers and companies in the oil and gas sector. Delivering a presentation at the 2nd Local Content Summit, the Attorney General said the policy of the government has always […]
The Public Procurement Commission (PPC) has found that there were several breaches in the issuance of an $870 Million pump station contract to Tepui Incorporated, which is a recently established company that is managed by Social Media talk show host, Mikhail Rodrigues aka “The Guyanese Critic”. However, the Commission noted that it is unable to […]
The Guyana Government has approved a Petroleum Production License to the Stabroek Block operator, ExxonMobil, for its sixth development offshore Guyana, at Whiptail. The US$12.7 billion development is expected to produce 250,000 barrels of oil daily, bringing daily production to 1.3 million by the end of 2027. A release from the Ministry of Natural Resources […]
Two of the contractors hired by the Government to construct the US$759M Power Plant and Natural Gas Liquids (NGL) Plant at Wales as part of the Gas-to-Energy Project have filed for arbitration over costs overruns of US$90M, according to a report published by the Reuters News Agency. The report did not identify the names of […]
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