Business

Finance Minister Dr. Ashni Singh said the revenues being accrued from the oil and gas sector are still relatively modest, particularly considering the country’s developmental needs. Speaking during the programme ‘Narrative’, Minister Singh said while the petroleum sector continues to grow and generate economic opportunities, the non-oil sectors must be developed to create a sustainable source of wealth. “We have ...

The Guyana government on Monday said it might appeal a High Court decision that led to the issuance of a Local Content Certificate to the Guyana-registered RAMPS Logistics Inc. whose parent company is based in Trinidad. “There are strong concerns by the Ministry of Natural Resources as to the eligibility of this particular application for local content certification. And as ...

Chief Justice Roxane George-Wiltshire on Friday ordered the Ministry of Natural Resources’ Local Content Secretariat to issue a Local Content Certificate to the RAMPS Logistics (Guyana) Limited whose parent company is headquartered in Trinidad & Tobago. She ordered the Director of the Local Content Secretariat Martin Pertab to properly fulfill his duties without discretion to register or cause the Secretariat ...

Even as President Irfaan Ali on Friday bashed the private sector for failing to take advantage of foreign investment opportunities from Saudi Arabia and South Korea, he announced that government was willing to help write business plans and negotiate with commercial banks for low interest loans. “I am ready, as your President, to help to put together a team to ...

President Irfaan Ali on Thursday announced that the American-owned energy company, LINDSAYCA in a joint venture with CH4 Guyana, has been selected to forge ahead with negotiations to build an almost US$1 billion natural gas-fired electricity plant and natural gas liquids plant at Wales, West Bank Demerara. He said in a video statement on Facebook that Cabinet on Thursday also ...

The United States is urging Guyana to be more inclusive at a faster pace and to go beyond cash grants by focussing on long term growth for all nationals of this oil-rich South American nation. “It is an ethnically divided society and s0 they will need to focus on inclusion and there have been many efforts to do so  so ...

Guyana is set to earn more money from the oil sector under a new Production Sharing Agreement (PSA) that would govern production from oil blocks, as the country prepares for its first ever bid round early next year for 14 offshore blocks, Vice President Bharrat Jagdeo said Wednesday. Mr Jagdeo also announced that Guyanese companies would be entitled to bid ...

The Food and Agriculture Organisation (FAO) on Tuesday said it was assisting Guyana in updating its base maps of the country for the first time in more than 50 years. “The resulting data will then be entered into key layers to update the national base maps, which are over 50 years old,” that United Nations member organisation said in a ...

The disappearance of a Guyanese tourist at Orinduik Falls in Region Eight (Potaro-Siparuni) has brought into sharp focus the apparent absence of trained and qualified tour guides at that location. Based on an account from one of the other tourists,  who was part of the group that flew in on Air Services Limited plane to the area, Mr Gladstone Haynes ...

A Guyanese tourist disappeared at Orinduik Falls while on a visit there on Sunday, prompting the mobilisation of a search and rescue team that includes soldiers to find him. Well-places sources identified the missing man as Gladstone Haynes. In a brief communication with Demerara Waves Online News, Chief-of-Staff of the Guyana Defence Force Brigadier Godfrey Bess said members of the ...