Investment

by GHK Lall I note with interest the development where Guyana has joined regional information sharing networks to facilitate going after financial criminals (Demerara Waves, December 11, 2022). On the face of it, this is good for Guyana, with many possible pluses. On the other hand, for those familiar with the real Guyana, the one below the surface glitter, this ...

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 ...

United Kingdom parliamentarian David Lammy has turned down his selection to sit on Guyana’s Natural Resource Fund (NRF) Board, government here announced on Tuesday. Mr Lammy has been replaced by Guyanese economics professor, Compton Bourne who is a former President of the Caribbean Development Bank (CDB). President Irfaan Ali did not give specific reasons for Mr Lammy’s decision to bow ...

Guyana’s low carbon dioxide emission crude oil and break-even price of an average of U$28 per barrel have positioned the country’s reserves for a good market, even with a projected global demand of up to 50 million barrels per day by 2050 due to the shift to cleaner energy such as renewables, according to the Norway-headquartered Rystad Energy. Rystad Energy’s ...

The Leader of the small non-parliamentary opposition Organisation for the Victory of the People (OVP) political party, Gerald Perreira does not believe there is sufficient evidence in the American Vice News report to link Vice President Bharrat Jagdeo and Chinese businessman Su Zhi Rong to the sale of Guyana to China. “I don’t think they provided enough evidence. I don’t ...

Opposition Leader Aubrey Norton on Monday highlighted several aspects of Vice President Bharrat Jagdeo’s interaction with a foreign journalist that raise serious questions about his alleged role in business dealings with his friend and tenant, Su Zhi Rong. “Why is it this wasn’t done in the government office that is the official office? Why is it done in the home ...

by GHK Lall VICE News is back in town, and it has all the ferocity of a Cat-5 hurricane. Though a bit of old hat, it still has the power to sweep across this town and cause much consternation in high places. I understand the Hon. Vice President is upset, but he shouldn’t expect better. Not when he surrounds himself ...

Vice President Bharrat Jagdeo on Sunday fended off fresh claims that he takes bribes from Chinese investors and said he would possibly take legal action against Guyana-based Chinese businessman, Su Zhi Rong for sullying his name and engaging in extortion. “Su denied having said this. Now, I have seen the release that he has actually said this so now I’ll ...

IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of the Liza field. ...