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Business

CDB funds improvement of Guyana’s local government system

The Caribbean Development (CDB) is giving Guyana US$218,020 to build capacity in key areas of local government to facilitate de-centralisation of public service delivery, and greater local involvement in social and economic development, consistent with the sustainable development goals. The Project will assist the Government of Guyana in building the capacity of the Ministry of Communities to better support the ...

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NAACIE secures 6.5 percent salary increase for GPL staff

  After approximately six months, negotiations between the National Association of Agricultural, Commercial and Industrial Employees (NAACIE) and Management of the Guyana Power and Light (GPL) concluded Friday with the parties signing off on salary increases for the power company’s staff who come under the purview of the union. The salary increase will be retroactive to January 1, 2017. General ...

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High Court quashes parking meter by-laws

The High Court on Friday quashed the Georgetown Parking Meter by-laws, effectively putting a brake on the system that is intended to generate much needed revenue for the cash-strapped city. “It is difficult to envisage it going forward at this time without the bylaws,” said NBS’ Attorney-at-Law, Pauline Chase. Filed by the New Building Society in February, 2017, that financial ...

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Foreign Minister says signing bonus disclosure poses risk to border controversy battle

Minister of Foreign Affairs, Carl Greenidge on Thursday defended government’s more than one year secrecy of a US$18 million signing bonus from ExxonMobil, saying that publicity about the deal could potentially have serious implications for Guyana in relation to the border controversy with Venezuela. He told reporters that now that details about the signing bonus have been disclosed, Venezuela was ...

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Signing bonus for Consolidated Fund at the right time; PPP govt failed to pass CGX funds through govt accounts- Finance Minister

Finance Minister, Winston Jordan says the US$18 million signing bonus from ExxonMobil will be paid into Guyana’s Consolidated Fund whenever government decides to use the funds for the intended purpose. “The 18 million is in a special account at the Bank of Guyana. It’s there because it’s designed for a special purpose. whenever that special purpose is activated, the monies ...

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Key ILO reports Enabling Environment for Sustainable Enterprises (EESE), and Skills for Green Jobs to be launched in Guyana

The Consultative Association of Guyanese Industry (CAGI), with technical support of the International Labour Organization (ILO), recently completed an assessment of the Enabling Environment for Sustainable Enterprises (EESE) in Guyana, the ILO said Tuesday. The final report and an action plan for the implementation of recommendations will be presented at a high-level tripartite event on Friday, December 15, 2017 at the ...

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CISCO, Digicel agree to speed up digital transformation in Central America, Caribbean

Cisco, the worldwide technology leader, and Digicel, a major telecommunication services provider covering a wide territory in the Caribbean, have signed a Caribbean Countries Digitalization agreement outlining their objectives and strategic plans for accelerating the digital agenda and existing digitization policies for 26 countries in the Caribbean and Central America, Digicel announced Wednesday. Under the Frame Agreement, the two companies ...

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Canadian oil company didn’t pay signing bonus for for Guyana-Suriname boundary dispute legal fees- Jagdeo

Former President, Bharrat Jagdeo on Tuesday said the Canadian oil company, CGX Energy, had paid legal fees directly to lawyers for the Guyana government and that company lawyers in fighting the maritime boundary dispute with Suriname at the United Nations Tribunal of the Law of the Sea. “As President, as far as I am concerned and I am aware of, ...

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PSC condemns calling in of police at Parliament Building; appeals for patience, understanding

Guyana’s Private Sector Commission (PSC) Tuesday night condemned the calling in of police at Parliament Building to remove opposition People’s Progressive Party Civic (PPPC) parliamentarian, Juan Edghill after he refused House Speaker, Dr. Barton Scotland’s instruction to leave the Chamber. “The involvement of law enforcement, apart from being an unacceptable overreaction, is an unfortunate occurrence. It does not augur well ...

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ExxonMobil says signing bonus is US$18 million; calls for disclosures by all companies

ExxonMobil Sunday night said a US$18 million signing bonus was deposited into a government account at the Bank of Guyana last year, and called for such transactions with all other companies to be made public in the future. Country Manager of ExxonMobil (Guyana), Rod Henson told reporters that this country merely earned a bonus that is “customary and normal” in ...

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