https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Business

Opposition Leader recommends measures to cushion rising cost of living; hefty salary increases will fuel inflation- Finance Minister

Opposition Leader Aubrey Norton on Friday recommended a “raft of measures” to ease the impact of high cost of living, on the final day of debate on the 2023 National Budget, but Finance Minister Ashni Singh cautioned against rapid wage and salary increases. They included vouchers for those in public transportation so that they can access lower gasoline prices, waiver ...

Read More »

Caribbean’s financial sector must match cash with needs, reduce risks- Ali tells Jamaica Stock Exchange conference

President Irfaan Ali on Thursday urged Caribbean financial institutions to partner with the rest of the world in mobilising the US$10 billion that the Caribbean Development Bank (CDB) estimates is required to address the region needs. “We know that this cannot be done from the savings in the region and, therefore, the challenge will have to involve partnership with others ...

Read More »

Amaila Falls hydropower “was not killed by the opposition”- Patterson

Ten years after A Partnership for National Unity (APNU) and the Alliance For Change (AFC) first refused to unconditionally support the construction of the 165 megawatt Amaila Falls Hydroelectricity Power (AFHP) plant, that coalition said foreign consultants had advised the then People’s Progressive Party Civic administration against that that project. Opposition Shadow Public Works and Energy Minister David Patterson told ...

Read More »

Hess announces more oil discovered at Fangtooth

Hess, the 30 percent joint venture partner in the Stabroek Block, on Wednesday announced that there has  been a “significant new oil discovery” at Fangtooth SE-1, one year after the original Fangtooth-1 discovery. The company said the Fangtooth SE-1 well encountered approximately 200 feet of oil bearing sandstone reservoirs, adding to the Stabroek Block’s gross discovered recoverable resource estimate of ...

Read More »

Find balance between infrastructure and human development- Sarabo-Halley

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.” ...

Read More »

Trinidad and Tobago gets US approval to explore Venezuela gas field

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 ...

Read More »

80 percent of Hess Corp’s budget allocated to Guyana and the Bakken

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 ...

Read More »

Dissolving coop societies over idle lands will dispossess Afro-Guyanese- Walton-Desir

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 ...

Read More »

BIT training thousands for oil and gas sector

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. ...

Read More »

Coop societies with idle lands will be dissolved- Labour Minister

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 ...

Read More »