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The Chairman of the National Insurance Scheme (NIS) Board of Directors, Ramesh Persaud believes that there is a need to amend the laws governing the insurance scheme to meet the needs of a modern society. NIS is governed by the National Insurance and Social Security Act of 1969. As he addressed the NIS 54th Anniversary […]
Although the ExxonMobil company boasts of having a majority of Guyanese workers, the Stabroek Block Cost Recovery Audit for the years 2018-2020 has found that foreign nationals hired by the company are being paid significantly more. According to the audit report, during a three-year period, foreign workers were paid a total of US$93.091 Million, making […]
The Government of Guyana has rejected the issuance of questions by the National Electoral Council of Venezuela in the national referendum related to Guyana’s Essequibo region. Venezuela has set itself a December date to host a national referendum on its claim to Guyana’s Essequibo region. The Government of Guyana this evening said the questions to […]
The new US Ambassador to Guyana, Nicole D. Theriot, presented her credentials to President Irfaan Ali today, formally replacing Sarah Ann Lynch as the US Envoy to Guyana. Theriot was confirmed by the US Congress as the new US Ambassador to Guyana in July following a lengthy hearing process. The new Ambassador has been described […]
The Guyana Trades Union Congress and the Federation of Independent Trade Unions of Guyana (FITUG), have submitted their separate national budget proposals to the Ministry of Finance, detailing a number of issues. In its proposal, the Guyana Trades Union Congress said the government must return to collective bargaining to ensure that the interest of workers […]
Former Guyanese Diplomat, Ambassador Ronald Austin, has warned that Guyana must not take the build up of Venezuelan soldiers in the bordering regions lightly, noting that there appears to be mixed messages from Caracas in relation to the build up of the Venezuelan military in areas close to the border with Guyana. Appearing on the […]
With its eyes set on the Stabroek Block, oil giant Chevron Corporation announced, today, that it has entered into an agreement with Hess Corporation to acquire all of its outstanding shares in an all-stock transaction valued US$53 Billion. Hess is one of three developers in the Stabroek Block with a 30 percent interest. To date, […]
The Sheriff Construction company has announced the acquisition of 100 state-of-the-art large trucks to support the local construction boom and to increase the company’s operational capacity. In a statement, the company said the strategic investment, which it valued at $2.5 billion, exemplifies its unwavering commitment to enhancing its resources for the ambitious projects ahead. The […]
The Deputy Secretary-General of CARICOM, Dr Armstrong Alexis believes significant progress has been recorded in the Regional Agriculture Sector since the hosting of the Agriculture Forum in Guyana and Trinidad and Tobago in 2022, with advancements made in cross border investments and increased funding for the agriculture sector across the region. While addressing the opening […]
In wake of the ExxonMobil company raising concern about some of the new provisions in the updated Production Sharing Agreement for future oil blocks, Second Vice President Bharrat Jagdeo on Thursday said the Government will not “water down” the new model Petroleum Sharing Agreement (PSA) to suit the ExxonMobil Guyana company, making it clear that […]
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