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Business

One Communications launches Pinktober 2024: “Many Hearts, One Fight”

One Communications, in partnership with the Ministry of Health and several non-governmental organisations, collectively referred to as Champions of Hope, officially launched Pinktober 2024 on Friday, continuing its mission to raise awareness and support for cancer fighters and survivors across Guyana, the company said. Speaking at the launch event themed ‘Many Hearts, One Fight,’ Ian Lewis, Director of Brand and ...

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Guyana rules out banning Chinese businesses but they must pay taxes, abide by selling rules

Guyana on Thursday ruled out the restriction or banning of Chinese businesses, in the wake of concerns that the increasing number of mainly supermarkets is outcompeting their nearby locally-owned counterparts with cheaper prices. “If the idea is to stop people based on nationality, it would be impossible to do it. What if China says ‘we’re not going to sell Guyana any ...

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Suriname boasts of better oil contract terms than Guyana

The Chief Executive Officer of Suriname’s state-0wned oil company, Staatsolie, has been boasting that his country has clinched a far superior production sharing agreement with TotalEnergies compared to Guyana’s with ExxonMobil and its co-venturers. He said while Guyana has 2 percent royalty and 50 percent profit split and no taxes, Suriname’s agreement provides for 6.25 percent royalty, profit split based ...

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27 companies bid to market Guyana’s crude entitlement

A Guyanese-owned oil exploration company is among 27 companies that submitted bids to market Guyana’s crude entitlement from the three floating production, storage and offloading (FPSO) vessels in the Stabroek Block. The National Procurement and Tender Administration Board (NPTAB) officials did not announce the prices that were proposed and, instead, referred queries to the Permanent Secretary of the Ministry of ...

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Guyana inks agreement to buy “advanced” Bell helicopters for GDF

Guyana today signed a US$16 million contract with Bell Textron Inc. for the supply of two advanced rotary wing aircraft. This milestone agreement not only enhances the capabilities of the Guyana Defence Force (GDF) but also serves as a testament to the strong bilateral relationship between Guyana and the United States of America (U.S.A.). The signing ceremony highlights the commitment ...

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Balance interests of Guyana, investors in reviewing 2016 agreement with ExxonMobil; full guarantees necessary for oil spill – analyst

The People’s National Congress Reform/A Partnership for National Unity’s (PNCR/APNU) 20-point plan, including to seek a revision of the Production Sharing Agreement (PSA) with ExxonMobil Guyana and obtain a parent company guarantee for an oil spill clean-up, has been lauded by United States-based commentator and professor, Terrence Richard Blackman. Dr Blackman, who is also an analyst on a range of ...

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Forensic auditors will probe alleged corruption if PPP loses- AFC’s Nigel Hughes

Leader of the Alliance For Change (AFC), Nigel Hughes on Sunday said if the People’s Progressive Party Civic (PPPC) loses next year’s general and regional elections, his party would push for independent forensic auditors to investigate suspected corruption and charge suspects if necessary. He told an AFC ‘bottom house’ meeting at Liverpool, East Berbice, Corentyne, in response to a question ...

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Rotary Club of Georgetown Central launches literacy, empowerment initiatives for children

In celebration of Education Month and Rotary International’s September theme, “Basic Education and Literacy”, the Rotary Club of Georgetown Central (RCGC) on Saturday said it launched several impactful initiatives to promote literacy and empower children and youth in local communities. Backpack Distribution: Equipping Students for Success Over 200 backpacks filled with school supplies were distributed to nursery, primary, and secondary ...

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President authors book on Caribbean food security

In a move towards addressing global hunger, President Mohamed Irfaan Ali released his latest book “Achieving Global Food Security: The Caribbean Experience and Beyond” at the Blavatnik School of Governments at the University of Oxford in England on Saturday, government’s Department of Public Information said. The book provides a holistic overview of the causes and challenges surrounding food security in ...

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Guyanese musicians ask Culture Minister for meeting on copyright law reform

Just two days after government unequivocally committed to modern copyright legislation, two Guyanese musicians on Saturday formally asked Minister of Culture Charles Ramson for a meeting to discuss copyright reform. Jackie “Jackie Jaxx” Hanover and Ivan “D’Ivan” Harry, in their September 28, 2024 letter to the minister, said they also want to discuss other issues affecting the music industry in ...

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