Business

The Guyana government was Tuesday advised to strike a balance between the development of infrastructure and Guyanese. Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Tabitha Sarabo-Halley asked what the Guyana government was doing to ensure that Guyanese, who need jobs, are in a position to be employed “before you actually bring persons from outside for those jobs.” ...

Trinidad and Tobago’s Prime Minister Dr Keith Rowley has announced that his country can resume exploration of Venezuela’s gas field after the United States agreed to waive existing sanctions that affected the deal, the Trinidad and Tobago Newsday newspaper reported on Tuesday. He said the waiver was granted on Tuesday to allow the country to proceed with the development of ...

Hess Corporation on Tuesday announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production is forecast to average between 165,000 and 170,000 barrels ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian Amanza Walton-Desir on Monday condemned government’s plan to dissolve cooperative societies that are not cultivating possession of thousands of acres of lands. “It is not passing strange that a pattern is developing g of dispossessing people, Mr Speaker, of a certain ethnicity who have land. It is known all throughout ...

Seven thousand more persons are to be trained by the Ministry of Labour’s Board of Industrial Training (BIT) for jobs that are relevant to the oil and gas sector and other job opportunities, Labour Minister Joseph Hamilton said Monday. Mr Hamilton told the National Assembly that the 2023 National Budget provides for the training of 7,000 more persons this year. ...

Minister of Labour Joseph Hamilton on Monday announced that government was taking steps to dissolve cooperative societies that have not been cultivating lands for a long time. “Those that want to work for development, we will work with them but what we will not continue to have happen- people utilising the farcical umbrella of coop societies when they have government ...

The Caribbean Development Bank (CDB) on Wednesday said Guyana is included in a proposed southern Caribbean shipping route and that consultants are expected to complete a “roadmap” for the wider regional agriculture sector. CDB’s Director of Projects, Daniel Best told a news conference that the hub would see vessels serving Guyana, Trinidad and Tobago, Barbados and Grenada in the southern ...

President Irfaan Ali said Guyana has named its representatives members of a high-level Joint Working Group with India that would discuss that Asian nation’s interest in being a long-term buyer of this South American nation’s crude oil, upgrading Guyana’s police and military and investing in agriculture. In the area of hydrocarbons, Dr Ali said he invited the Indian government to ...

President Irfaan Ali on Tuesday said the Civil Aviation authorities of Guyana and India were holding consultations about the rules and procedures for Guyana to purchase two Dornier 228 turboprop planes from Hindustani Aviation Limited (HAL) for the Guyana Defence Force (GDF). “They are now working at the technical level. I know some meetings are going on with the Civil ...

Opposition Leader Aubrey Norton Monday night criticised the 2023 National Budget for failing to include measures that would slow down inflation and already steep cost of living, but Finance Minister Dr Ashni Singh forecasts that inflation would be reduced this year. “There are absolutely no measures in this budget to deal with inflation. While I agree that there is need ...