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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The Government has withdrawn an additional $62.3 Billion from the Natural Resource Fund (NRF).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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