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With Guyana’s gold declarations, especially from small and medium scale miners, on the decline, Vice President Bharrat Jagdeo today warned miners who are refusing to sell their gold to the Guyana Gold Board in keeping with regulations, that the Government will be going after them. At a press conference, Mr. Jagdeo said the Government remains […]
By Svetlana Marshall ExxonMobil Guyana raked in more than $1.1 trillion in revenue in 2023, according to its just released Annual Report. The oil giant, according to the report, generated $752.7 Billion in profit before tax, with its total operating expenditures accounting for approximately $356.1 Billion. The company recorded $614.599 Billion in profit. The […]
By Svetlana Marshall The City Council today approved a $3.297 Billion Budget for the City for 2024. The approval of the city’s budget came hours after it was presented to the 30-member Council by Chairman of the Finance Committee, Councillor Lelon Saul, under the theme “Building a green, resilient, safe and sustainable city.” Councillor Saul […]
The Digicel Group has announced the activation of its subsea fibre cable, Deep Blue One, which the company has described as an advanced network with international submarine capacity that will supercharge connectivity across the Caribbean and South America. Guyana, French Guiana, Suriname and Trinidad and Tobago are to be the big beneficiaries of the new […]
The Guyana Energy Agency has indicated that it intends to appeal a Magistrate’s decision to dismiss the charge of importing petroleum without an import wholesale license that it had filed against businessman Dorwain Bess. Two weeks ago, Magistrate Sunil Scarce, upheld a no-case submission by the Attorneys for Mr. Bess, dismissing the illegal fuel importation […]
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 […]
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