Business

British-trained oil and gas resource person, Charles Ramson Jr. on Friday called for the removal of other natural resources such as forestry and gold from the proposed sovereign wealth fund, and the erasure or amendment of permanent tax  from Guyana’s future Production Sharing Agreements (PSAs). Just back from a University of Oxford Oil Gas and Mining Executive Course, Ramson announced that ...

As 74 Guyanese nurses prepare to leave to take up job offers in the United Kingdom, Guyana’s Public Health Minister, Volda Lawrence announced in the United States (US) that government would be setting aside 30 acres of land to construct a nursing college to train local and Caribbean health care personnel. Addressing overseas-based Guyanese in Washington DC where she was ...

Town Clerk, Royston King leased a parcel of land to a shipping company, but the Commission of Inquiry into the operations of the Georgetown Municipality says that land is owned by government’s holding company for State assets. Chairman of the one-man Commission of Inquiry into City Hall’s administration, Retired Chancellor of the Judiciary, Cecil Kennard that the probe would focus, ...

The Guyana government on Monday confirmed the appointment of a new Board of Directors for the state-owned Guyana Sugar Corporation (Guysuco), after months of haggling over who has the authority to appoint that governance structure. After the National Industrial and Commercial Investments Limited (NICIL), which is closely linked to the Ministry of Finance, had taken over responsibility for a number ...

The Alliance For Change (AFC) and the Working People’s Alliance (WPA) on Sunday looked set to collaborate on whether there should be conditional direct cash transfers of oil revenues to poor Guyanese households. WPA Executive Member, David Hinds confirmed that the AFC has contacted his party and was now awaiting further word from that party. “WPA welcomes the AFC stance ...

Reproduced from Kuwait Times KUWAIT: Two ministers from Guyana are in Kuwait to appeal for a possible writing-off of debt borrowed from Kuwait around 40 years ago. Finance Minister Winston Jordan and Minister of Public Infrastructure David Patterson hope to get the much-needed relief from the Kuwaiti government. “We had borrowed around $10 million from Kuwait in the 1970s. It ...

Guyana is expected to host the International Youth Robotics Competition (IYRC) league pre-qualifier competition in in 2019, STEMGuyana said Sunday. STEMGuyana said it signed an agreement with the the International Youth Robot Association to be the pre-qualifying body responsible for organizing the annual qualifier national robot competition among Guyanese primary and secondary school-aged student-teams to represent Guyana at the IYRC. The ...

China on Saturday signed a US$37.6 million agreement to boost Guyana’s broadband access for security surveillance and the provision of remote health care, officials said. “This project will see the upgrading of the network to enable an equitable delivery of service in the education, health, security, business and other sectors,” said Guyana’s Foreign Minister shortly after signing the agreement for ...

As the Guyana government prepares to lay the groundwork for increasing property rates and taxes in towns and villages, the People’s Progressive Party (PPP) is opposed to additional taxes on the citizens of Georgetown. “We know more revenues can come in there other than putting additional burdens. Don’t forget when this government came in has put over 200 new taxes ...

A labourer was crushed to death by a log that fell off a truck on Thursday at a sawmill and lumber yard at Linden, police said Stephan ‘Grinch’ Braithwaite, 20 years, of 100 Block 22 Squatting Area Wismar, Linden was pronounced dead on arrival at the Linden Hospital Complex. Police were told that the incident occured at about 8:30 AM ...