Economy

Working People’s Alliance co-leader, Economics Professor, Clive Thomas has labelled as “ignars” those in government who have rebuffed his proposed transfer of 10 percent after-tax oil revenues to households. Professor Thomas has proposed that by 2025 when Guyana’s oil production soars to about 1 million to 2.5 million barrels per day, each household should get US$5,000 every year. Guyana has ...

By GHK Lall Guyanese have neither time nor interest for any news, other than elections news. Good news, encouraging news, is wasted on us. Place it before them and heads and backs turn away. Even the government has lost focus (and its marbles) in the hysterias of a most scorching elections season. Good news, promising news, gets swallowed up, trampled ...

President David Granger says his administration’s priority is ensuring that Guyanese have access to high-quality, free education across the country instead of doling out “handouts” to the population. “It does not speak about gifts, it does not speak about handouts, it does not speak about vouchers. It speaks about education…if you follow me,” he said in reference to the United ...

Granger reacts to heckling: “I hope that the intellectual authors of the disorder would be able to stop what they have started.” Jagdeo to Granger: “ I don’t give a damn about your threat.” President David Granger on Thursday promised that the governing coalition would accept the results of the next general elections now widely expected any time after February, ...

By GHK Lall Elections now! It is clearly an insistence that promises to drag this society from the dark gutter to a deep grave. I believe that the hard, clashing visions and passions are so heated, with matters ever poised at a dangerous pitch, that the clamors are unwise. I hold this position, and it is mine only, regardless of ...

First Lady Sandra Granger on Wednesday lamented the scarcity of data on women in business, even as the United States (US) Ambassador to Guyana, Sarah-Ann Lynch said globally available data highlights the value of women in the development of countries. Addressing the opening of the WeLead Conference on women’s entrepreneurship, an initiative of the non-governmental organisation, WeLead Caribbean, Mrs. Granger ...

The Director of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe on Monday announced that ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. This well was being drilled by the Tom Madden drillship. This discovery adds to the previously announced estimated recoverable resource of more than ...

The London-listed Irish explorer Tullow Oil said on Monday that it has made a second oil discovery off the coast of Guyana, after the Joe-1 exploration well successfully opened a new upper tertiary oil play in the Guyana basin. The move follows a “substantial and high value oil discovery” by Tullow Oil in its Jethro-1 exploration well, in the same area of ...

By GHK Lall The US Ambassador could not have been clearer in where, from the perspective of her responsibilities and country, the priority of interests focuses. Though couched in the careful and studied language favored by diplomats, there could – and should – be no mistaking the position of strength from which she spoke, and the thrusts embedded in those. ...

Due to the failure of the opposition People’s Progressive Party (PPP) and the Private Sector Commission (PSC) to nominate representatives to sit on an oversight committee to manage Guyana’s Natural Resources Fund (NRF), also known as the Sovereign Wealth Fund, Finance Minister Winston Jordan says government will be unable to spend the monies until after general elections. He said if ...