Business

Vice President Bharrat Jagdeo on Thursday announced that a board would be part of a new system  to manage  Guyana’s oil revenues under a simplified Natural Resources Fund (NRF) Act, in an effort to strip the process of ministerial influence. In announcing that proposed amendments to the Natural Resource Fund (NRF) Act would be laid in the National Assembly on ...

Guyana has given ExxonMobil permission to examine the possibility of capturing carbon that is responsible for climate change, Vice President Bharrat Jagdeo announced Thursday night. Addressing the Georgetown Chamber of Commerce and Industry’s (GCCI) 2021 awards dinner, he said, “carbon capture- Exxon has sought permission and we have given that permission to do a study on carbon capture.” He did ...

Minister of Natural Resources Vickram Bharrat on Thursday defended government’s decision to allow small-scale gold mining at Marudi Mountain, South Rupununi, saying that residents had lobbied government as a means of earning a living. “We, as a government, we need to strike a balance somehow or the other because our people need to be gainfully employed, our people need to ...

The Guyana government on Thursday insisted on the need for local content to be governed by a law instead of a policy so that highly qualified Guyanese could be employed instead of being content with low-level jobs, despite previous objections by ExxonMobil. Addressing the Canada-Guyana Chamber of Commerce (CGCC)-hosted “Cocktails and Conversations”, Minister of Natural Resources Minister Vickram Bharrat, he ...

The Guyana Telephone and Telegraph Company (GTT) is pumping $24 million into the Guyana Oil and Gas Energy Chamber (GOGEC)’s ‘Fueling Guyana’s Future Programme’, which targets schools and universities with training development. This yearlong programme forms part of GTT’s contribution towards increasing the pool of local talent and resources to lend to the oil and gas industry. Throughout 2022, students ...

As Guyanese continue to grapple with the rising cost of living, one of the country’s leading bakeries has increased the price of bread and other products. Bakewell’s bread now costs $100 more per loaf. Rotihut, which retails Bakewell, said it was forced to increase the prices of many of its products for the first time since 2019 because of the ...

The union representing just under 1,000 workers of the state-owned Guyana Power and Light (GPL) on Wednesday night said it was ready to accept a 7 percent across-the-board increase in salaries as an “interim” payout, but the power company’s Chief Executive Officer Bharat Dindyal said it could not afford to pay more. “We can’t afford anything; nothing at all. By ...

In its quest to ensure continuous, efficient and reliable medical services to all, Eureka Medical Laboratories (EML) on  Tuesday launched its Online Patient Portal. “This new portal, which was officially introduced to clients and stakeholders by way of a virtual Zoom launch, allows patients who use the Lab’s service to view their results online,” EML said. The Board of Directors ...

The United States (US) government has called on the Guyana government to take a strong position on fighting corruption has  advised the private sector to pick “reputable” companies to do business with. In a message to mark International Anti-Corruption Day to be observed on Thursday, the American Embassy in Guyana said in a statement that this oil-rich South American nation ...

The Guyana Power and Light’s Chief Executive Officer, Bharat Dindyal said the power company plans to intensify efforts to go after electricity thieves “We have actually resumed recently a focus on prosecuting people for electricity theft. That is going to be our major focus next year . We have to reintroduce that prosecution,” he told a news conference. He said ...