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Tag Archives: Georgetown Chamber of Commerce and Industry

GCCI’s Petroleum Head calls out President Granger on oil and gas silence

Head of Petroleum at the Georgetown Chamber of Commerce and Industry, Attorney-at-Law Charles Ramson is flaying President David Granger for being virtually silent on key issues in the oil and gas sector. Mr Ramson, who holds a master of science in Oil and Gas Enterprise Management from the United Kingdom’s University of Abeerdeen, describes the establishment of the Department of ...

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“No, Trinidadian companies are not coming to take over”; Guyana can learn global oil industry standards from TT– Energy Chamber of Trinidad Tobago assures

The Energy Chamber of Trinidad and Tobago (ECTT) on Wednesday sought to dispel concerns that businesses from that twin-island Caribbean Community (CARICOM) member state are coming to Guyana to dominate the oil sector, instead saying that they are grasping business opportunities hinged on 100 years of experience and international safety standards. ECTT Chief Executive Officer, Dr Thackwray Driver rubbished claims ...

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16% interest rate “ridiculous” for businesses to borrow from commercial banks – GCCI

The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday said its planned Business Development Forum would be geared to helping small businesses find other sources of financing. Senior Vice President of the GCCI, Timothy Tucker says that’s because interest rates at commercial banks are very steep compared to crowd-funding, boot-strapping and equity. “Apart from electricity costs in manufacturing, is ...

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Scrap Grade Six exam, improve access to good quality education- CDB official

The Caribbean Development Bank’s (CDB) Director of Economics, Justin Ram on Friday recommended the scrapping of the National Grade Six Assessment, even as he urged Guyana to be wary of a reduced population by 2100. Addressing the Georgetown Chamber of Commerce and Industry’s launch of the 10th edition of Business Guyana titled ‘Guyana: Potential Unleashed’, he commended the Barbados government ...

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Caribbean economist urges governments to reduce air fares

Director of Economics at the Caribbean Development Bank (CDB), Justin Ram has slammed regional governments for the high cost of air travel and he has called on them to slash the taxes and rake in more value-added and income taxes. “What I’m saying to governments—and I go all over the Caribbean—I say to governments: ‘stop being so myopic, reduce taxes ...

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Private sector, Granger at odds over impact of political uncertainty on businesses

Guyana’s private sector and President David Granger on Wednesday disagreed over the impact of the unsettled no-confidence motion on the business environment. “I do not know how valid that perception is but, as far as I’m concerned, the government has done nothing to engender any disorder or any despair in the business community so I don’t want to say whether ...

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Political uncertainty still major bugbear – city’s Chamber of Commerce

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday said Guyana was still gripped in political uncertainty over whether the Caribbean Court of Justice (CCJ) might rule that the no-confidence motion was validly passed and elections should have been held already. “What happens if the argument that the no-confidence motion was validly passed is upheld and you pass the ...

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Britain calls for urgent political solution ahead of Court of Appeal ruling

Britain on Monday called on Guyana’s political leaders to find a solution to resolve the looming political crisis as the 90-day timeframe within which General and Regional Elections should be held following last December’s no-confidence motion runs out on Thursday. British High Commissioner to Guyana Greg Quinn made it clear that he was not about to interpret this country’s constitution. ...

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