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Guyana received G$162.3 Billion in oil revenues and royalties during the second quarter of 2024, according to a notification of receipts presented to the National Assembly today by Senior Minister with responsibility for Finance, Dr Ashni Singh. Minister Singh told the National Assembly that the petroleum revenues were paid into the Natural Resource Fund during […]
Governor of the Bank of Guyana, Dr. Gobind Ganga, has reported that there is no shortage of foreign currency at commercial banks. A number of business owners have been complaining in the past few days that they have been facing difficulties in making overseas payments through their banks because of a reported shortage of foreign […]
The Government of Guyana along with private sector agencies will be heading to New York on the 27th July to host a job fair, to highlight various employment opportunities in Guyana, with a focus on the oil and gas sector. The event will be targeting skilled Guyanese who are living in the New York area […]
Popular Asian restaurant chain, P.F Chang’s has officially launched its Guyana Restaurant on High Street in Georgetown. The new restaurant is being managed and operated by the Corum Group, which also owns the Amici Restaurant and holds the franchise for Pizza Hut. P.F Chang’s represents the group’s latest addition to its business cuisine in Guyana. […]
With new projects to come on stream soon, Guyana will continue to see greater earnings from the oil and gas sector. At the current production level, over US$1.5 Billion is being generated every month. During an appearance on the Energy Perspectives podcast, the Vice President and Business Service Manager of ExxonMobil Guyana, Phillip Rietema, noted […]
By Rennie Parris Welcome to Talking Dollars & Making Sense, your new weekly column that will take you on an enlightening journey through the world of business and entrepreneurship right here in Guyana. My name is Rennie Parris, and I am thrilled to be your guide as we explore the exciting, and sometimes challenging, path […]
Faced with that Corruption in Guyana report by the U.S Department of Treasury, which highlighted large scale gold smuggling and the bribery of Government officials, Vice President Bharrat Jagdeo today declared war on gold smugglers, threatening that the Government of Guyana will be tightening the sanctions to include forfeiture of assets, among other harsh penalties […]
The University of Guyana and local conglomerate, Banks DIH Limited, have signed a Memorandum of Understanding (MOU) that will see the two entities collaborating to promote student development, academic partnerships, and knowledge transfer in the field of engineering. The MOU was signed at Banks DIH Headquarters at Thirst Park, Georgetown last Thursday. Singing on behalf […]
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 […]
The Government has withdrawn an additional $62.3 Billion from the Natural Resource Fund (NRF). The Ministry of Finance said the withdrawal was done in accordance with the Natural Resource Fund Act and the approved 2024 Budget. “In accordance with this approval, the Government of Guyana has made its second transfer for 2024, totaling US$300 million […]
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