Business

The Guyana Oil and Gas Association (GOGA), which was launched Tuesday night, has its eyes set on ensuring transparency and accountability of transactions and adequate provision for Guyanese to be directly or indirectly employed. “GOGA will support all efforts which will lead to the fullest possible disclosure of all information on all transactions related to the exploitation of this national ...

Hague Back, Guyana – (October 11, 2016) The Guyana Foundation recently announced that the pilot phase of its Sunrise Center on the Essequibo Coast was successfully completed. This announcement was made last week at the Westin Hotel, Grand Cayman, during a presentation by the Foundation’s Founder, Mrs. Supriya Singh-Bodden, C.C.H., and its Managing Director, Mr. Anthony Autar. In attendance were ...

The Guyana Manufacturing and Services Association (GMSA) on Monday announced that the suspension of taxes and duties on several inputs now that the Caribbean Community (Caricom) but it would be pushing for the permanent removal of those items from the Common External Tariff (CET) list. “The Guyana Manufacturing & Services Association GMSA, was pleased to be informed by its membership that with ...

Although ExxonMobil says that oil production offshore Guyana is expected to directly employ less than 200 persons, United States (US) Ambassador, Perry Holloway says job creation will depend heavily on how this poor Western Hemisphere country spends its oil revenues. “The real significant job creation will come about from the revenue generated from the oil find. The government, in consultation ...

Reeling from decades-old international concerns about little transparency and accountability, Guyana hopes that its eventual joining of the global watchdog- Extractive Industries Transparency Initiative (EITI)- will help attract more investors in the natural resources sector. “EITI will bring many benefits to Guyana: an improved investment climate, a signal to international investors that the government has a clear commitment to transparency ...

The floating gold mining dredge called a ‘dragga’ that has been blocking the free flow of jet boat traffic on the Mazaruni River would be destroyed at a cost of GYD$24 million dollars, Public Infrastructure Minister David Patterson said Friday. Patterson said he has already informed Crown Mining, the owner of the dragga, that the vessel would be removed, cut ...

The Guyana government has called on authorities of the Eugene F. Correia (Ogle) International Airport to acquire an ambulance, after a Roraima Airways aviation technician, who was badly injured in an explosion earlier this year  had to be transported in a car The  recommendation is contained in a report by the Occupational Safety and Health Department of the Ministry of ...

The United States (US) is injecting US $297,000 is injecting in helping Guyana to prepare to become a member of the Extractive Industries Transparency Initiative (EITI) and ensure good governance. American Ambassador to Guyana, Perry Holloway said the 12 month project by thr Carter Centre is aimed at advancing transparency and accountability by assisting Guyana to develop its EITI candidacy ...

Government has ruled out ordering a forensic audit into the operations of the Guyana Elections Commission (GECOM), saying that it is now constitutionally an autonomous body. “At this point in time, we will have no consideration to say let us do an audit of GECOM. These are now independent bodies and so we cannot go and say to them ‘do ...

The University of Guyana (UG) is asking government for  a GYD$5.2  billion subvention  in next year’s National Budget, a large chunk of which Vice Chancellor , Professor Ivelaw Griffith said Thursday would be used to pay higher salaries to local and foreign academic staff. “A significant priority for our educational service delivery is increasing the salaries of lecturers on staff. We ...