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Tag Archives: investment

Georgetown Chamber flays American Ambassador over local content remarks

A section of Guyana’s business community has reacted sharply to United States Ambassador, Sarah-Ann Lynch’s warning that recent chatter about local content may scare away foreign investors. Senior Vice President of the Georgetown Chamber, Timothy Tucker indicated that Ms. Lynch is an American public servant who was merely representing her country’s business interests. Mr. Tucker says nothing is wrong with ...

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US Ambassador cautions local content policy concerns may scare away investors

Co-Chairman of the American Chamber of Commerce- Guyana (AMCHAM-G), American Ambassador to Guyana Sarah-Ann Lynch on Saturday cautioned that recent concerns about local content could erode Guyana as an attractive investment destination. “For example, some recent suggestions about local content policy in Guyana may send a signal that some investors as well as the employment and know-how benefits they bring ...

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Petty city crimes no big impact on tourism – GTA Director

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 ...

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Investors walking away from “scrap iron” sugar estates -Finance Minister

Finance Minister, Winston Jordan says investors have been walking away from buying any of the four shuttered sugar estates, an indication that Opposition Leader Bharrat Jagdeo is fooling supporters that the People’s Progressive Party (PPP) will reopen them if his party wins the next general elections. “How you are going to open back those four estates that is scrap iron ...

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ExxonMobil Guyana partners with Waramuri Village to refurbish recreational ground

ExxonMobil Guyana has partnered with the Silver Sands Sports Club in Waramuri Village, Barima-Waini, (Region One), to refurbish the recreational ground in the community, the company said in a statement. The facility was commissioned last Saturday. President of Silver Sands Sports Club, Rowena Williams said this has been a dream of several senior citizens of Waramuri. She remarked that the ...

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Talks begin on building renewable energy power plant in Guyana

The Guyana government and a major Japanese solar energy company last week opened talks on constructing a renewable energy power plant in Guyana. Last Friday, a group of investors from the United States, Japan, Korea, the Malaysian Group, Smart City Clearing Corporation, and Capital Fund met with the Ministry of Public Infrastructure’s Chief Executive Officer of the Hinterland Electrification Company ...

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Barbados, Guyana stock exchanges agree to cooperate; new stock exchange legislation in the pipeline

The Barbados and Guyana stock exchanges on Friday inked a memorandum of cooperation, paving the way for listed companies to trade in each other’s countries. “The two key areas of interest identified in our preliminary discussions have been that of institutional strengthening and the cross listing of securities,” Managing Director of the Barbados Stock Exchange (BSE), Marlon Yarde said at ...

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