Business

Reproduced from Energy Voice By Allister Thomas Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis. Earlier this month the South American nation announced its intention to raise the government’s take in future oil licences. Analyst firm GlobalData said the country could raise royalties from the current 2% to 5%, but ...

Chief Elections Officer, Keith Lowenfield has told the Private Sector Commission (PSC) that he began house-to-house registration based on legal advice by the Guyana Elections Commission’s (GECOM) lawyer who said that all actions before the Caribbean Court of Justice (CCJ) ruled that James Patterson’s appointment was flawed and unconstitutional were valid. “GECOM’s Legal Officer (Excellence Dazzell) upon my request advised ...

The Guyana Manufacturing and Services Association Limited (GMSA) on Monday rejected calls by a Belizean producer of Plantation white, or mill white, sugar to impose a Caribbean-wide 40 percent tax on extra-regionally refined sugar, saying that Plantation white sugar will result in poor quality products and in some cases injury to consumers. “If manufacturers were to use plantation white instead ...

Residents, fearful of pollution from an oil production-related chemical storage plant expected to be built in suburban Georgetown, boycotted a community meeting the United States-headquartered company called to allay fears. One of the residents said they decided against attending the meeting because their grouse is not with the company but with the Environmental Protection Agency (EPA) that they believe has ...

Director of the Guyana Tourism Authority (GTA), Brian Mullis does not believe that crime is discouraging tourists from visiting this South American nation because visitor figures continue to grow. He says most of the crime seen is petty theft in the capital city, Georgetown, and must be placed in the proper context. “I think we also acknowledge that most of ...

The idea of handing out ‘oil money’ to Guyanese continues to get low marks from experts such as Finance Minister Winston Jordan and Investment Fund Manager, David Pollard. Delivering a public interest lecture on the “Impact of Oil Revenues on Guyana” under the auspices of the Guyana Securities Council, Pollard made it clear that cash handouts would encourage laziness among ...

Reproduced from Barbados Today Government is exploring the possibility of rearing Barbados Blackbelly sheep in CARICOM’s two largest member states, Suriname and Guyana, as top civil servants prepare for a mission to South America next week. Paramaribo and Georgetown have offered land to Barbadian farmers for sheep rearing, said Minister of Agriculture and Food Security Indar Weir. “We are sending ...

A new package of regulations governing workers’ safety in the oil and gas sector is being crafted, Occupational Safety and Health Consultant at the Ministry of Social Protection, Gwyneth King said Wednesday. She made the disclosure at a Health, Safety, Security and Environment Conference and Exhibition hosted by the American Chamber of Commerce of Guyana in collaboration with the American ...

President David Granger on Monday blocked Finance Minister Winston Jordan from going to jail for 21 days for contempt of court for failing to pay Dipcon Engineering Services Limited US$2.2. million plus costs in keeping with a court order that dated back to 2009 under the previous administration. “Now, therefore, by virtue of the powers vested in me under Article ...

Finance Minister Winston Jordan, who admitted that he was worried that he could be locked up for 21 days for failing to pay Dipcon Engineering Services Limited US$2.2 million based on court orders, on Monday appealed the High Court’s decision. “I would be worried if I am to be locked up under any circumstance whether it is in my personal ...