Business

Guyana has decided to include aspects of the local content laws from Ghana, Nigeria and Norway in its draft legislations, the Attorney General’s Chambers said in a statement. The decisions were made on Wednesday when a high-level delegation from Ghana on Wednesday joined a team of lawyers from the Attorney General’s Chambers in evaluating Guyana’s draft local content legislation, Attorney ...

Opposition Leader Joseph Harmon on Tuesday said the Georgetown Chamber of Commerce and Industry (GGCI) on Tuesday offered to broker talks with the People’s Progressive Party (PPP) on a range of governance and economic issues facing the country. “I did not have to ask that; they made that proposal and I said to them I had no objection to them ...

Amid lingering concerns by the United States (US) about the transparency and quality of Chinese-funded infrastructural projects, Vice President Bharrat Jagdeo has said Chinese loans are softer and that Guyana’s procurement process is “open”. “We made it clear to everyone. No financing from anybody comes with political strings but Chinese financing has been readily available to the world and we ...

Following a meeting with the mayor and residents in Bartica, Region Seven (Cuyuni-Mazaruni), the Guyana Telephone and Telegraph (GTT) said that over the weekend installed and connected more than 20 schools and residents with landline services. Among the schools connected are Potaro primary, Bartica secondary, Resource center, Radio Bartica, St. John the Baptist primary, 1st Avenue Nursery and Byderabo Nursery ...

The Guyana government has identified China Railway Group Limited to open negotiations to build the Amaila Falls Hydropower project and sell electricity to Guyana Power and Light for 7 US cents per kilowatt hour, the Finance Ministry announced on Monday. The actual cost to build the power plant is not yet known, but  government said that all it would be ...

China State Construction Engineering Corporation (CSCEC) has been approved to build the new Demerara Harbour Bridge at a cost of US$256, 638,289, paving the way for further negotiations with the company, according to well-placed sources. The disclosure by the confidential sources close the project said that now that the National Procurement and Tender Administration Board (NPTAB) has evaluated the bid ...

Vice President Bharrat Jagdeo on Monday said Guyanese should not expect steep increases in wages and salaries from the oil money due to the risk of financial troubles like in Trinidad and Tobago where the oil production has dropped. “Wages will go up, too, in the public service as you get more resources because, then, you can finance it but ...

Guyana and Barbados have agreed to intensify meaningful cooperation in the areas of gold jewellery, tourism marketing, hospitality training and agriculture, President Irfaan Ali announced on Friday. He said the two sister Caribbean Community (CARICOM)-member nations have agreed to establish a “gold market hub” for the sale of jewellery mainly to tourists. “Barbados is a major cruise destination and we ...

President Irfaan Ali on Thursday made it clear that Guyana was tapping into the multi-trillion dollar oil and gas sector to invest in the social sectors, technology, infrastructure while eventually hoping to rake in billions of  dollars annually from the sale of carbon credits. The document states that the Emission Reductions Purchase Agreements (ERPAs) for the sale of carbon credit ...

The Secretary to the Local Government Commission (LGC), Nickalai Pryce was Thursday sent on administrative leave to pave the way for an investigation into alleged misconduct, but he has already denied the allegation. LGC Chairman, Julius Faerber said the investigation would be conducted by the Commissioners to determine if there is sufficient evidence to send the matter for further action. “It’s ...