Business

ExxonMobil has dismissed suggestions that Guyanese are not being hired, and has announced a plan to train and recruit locals for ongoing preparatory work and actual commercial production. Country Manager, Jeff Simmons said the evidence shows that ExxonMobil is not interested in importing foreigners instead of Guyanese. “One common mis-perception is that we don’t want to have local content, we ...

ExxonMobil has ruled out building a refinery in Guyana because the amount of oil found here is too small to support such a venture. Delivering a presentation to the Guyana Manufacturing and Services Association (GMSA) Awards and Dinner, the Country Manager of ExxonMobil’s local subsidiary- Esso Exploration and Production Guyana Limited- Jeff Simons said the projected production of  about 100,000 barrels per ...

Opposition Leader Bharrat Jagdeo is not buying the position of Attorney General Basil Williams that Guyana is in the green zone for compliance with the global push for anti-money laundering regimes. “If we lull ourselves into a sense of false security, then we are going to repeat a lot of the mistakes made by the Attorney General, and we are ...

President David Granger Thursday said Homestretch Development Incorporated (HDI) was established solely to facilitate completion of the D’urban Park Development Project in time for Guyana’s 50thIndependence Anniversary celebration in the absence of budgetary allocations, following the May 2015 elections.  The Head of State, in a statement issued by his ministry  admitted that while this may have been an unusual course ...

Opposition Leader Bharrat Jagdeo on Thursday called on government to pay members of the Disciplined Services and public servants a one-month bonus because there is sufficient money in the treasury. The former Guyanese leader was unabashed about his motives for the suggestion- political support and economic stimulation. “If we get the political sympathy, that’s a bonus but who would not want political ...

Opposition Leader, Bharrat Jagdeo on Thursday announced that his office would help protest the award of multi-million dollar contracts by the Public Procurement Commission (PPC). Now that the public procurement commission (PPC) has been established, Jagdeo has instructed members of his camp to investigate cases which warrant protests so that his office can follow through with those protests at the ...

A Dutch firm has been selected to conduct a feasibility study for the construction of a new fixed high-span bridge across the Demerara River. Minister of State, Joseph Harmon said Leivencse CSO’s feasibility study will examine the possibility of a public-private partnership. “This is the final stage of feasibilities before you actually get to construction,” Harmon told a post-cabinet news ...

Minister of Finance, Winston Jordan, and outgoing Ambassador of the People’s Republic of China, Zhang Limin on Wednesday signed a Framework Agreement for a concessional loan from the Exim Bank of China for the widening of the East Coast Demerara road. The signing took place at the Ministry of Finance in the presence of Minister within the Ministry of Public ...

A security guard at Hand-in-Hand Trust was shot and injured during an attempted robbery on the business premises located on Middle Street, Georgetown. A foreign exchange cambio operates out of that location. ‘A’ Division Commander, Assistant Commissioner Clifton Hicken said the driver of a car that was allegedly used in the robbery was arrested on Mandela Avenue. The vehicle has been lodged. ...

Workers in the private sector will from January next year get a more than 26 percent increase in their wages and salaries, government announced Wednesday. The new minimum wage is now GYD$255 per hour, up from GYD$202. Minister of Social Services, Volda Lawrence accepted a recommendation by the Tripartite Committee to hike the minimum wage from January 1, 2017. The ...