Tag Archives: investment

Opposition-nominated member of the Investment Committee of the Natural Resources Fund (NRF), Dr Terrence Campbell on Sunday said he would be formally asking the Board to explain why transfers of oil revenues to the Consolidated Fund are done without specific information from government about how the monies would be spent. “It’s not off the table,” when asked whether legal action ...

President Irfaan Ali on Sunday announced that government was crafting a strategy to stimulate demand for hotels, malls and fast food services. “We have to understand that the government and the private sector, together, we have to invest in bringing the traffic in so that the services, the facilities that we’re building will have the demand structure to support those ...

The Guyana government is rejecting a US$50 million demand by American joint venturers, CH4/LINDSAYCA, for a three-month delay in the installation of electricity generators as part of the 300 megawatt natural-gas fired power plant because other contractors took too long to complete related works. He said CH4/LINDSAYCA wants more time to install four gas turbines of 57 megawatts each — ...

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana. Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX 2019) at the Marriott Hotel in Georgetown, ExxonMobil’s Senior Vice ...

A section of Guyana’s business community has reacted sharply to United States Ambassador, Sarah-Ann Lynch’s warning that recent chatter about local content may scare away foreign investors. Senior Vice President of the Georgetown Chamber, Timothy Tucker indicated that Ms. Lynch is an American public servant who was merely representing her country’s business interests. Mr. Tucker says nothing is wrong with ...

Co-Chairman of the American Chamber of Commerce- Guyana (AMCHAM-G), American Ambassador to Guyana Sarah-Ann Lynch on Saturday cautioned that recent concerns about local content could erode Guyana as an attractive investment destination. “For example, some recent suggestions about local content policy in Guyana may send a signal that some investors as well as the employment and know-how benefits they bring ...

Director of the Guyana Tourism Authority (GTA), Brian Mullis does not believe that crime is discouraging tourists from visiting this South American nation because visitor figures continue to grow. He says most of the crime seen is petty theft in the capital city, Georgetown, and must be placed in the proper context. “I think we also acknowledge that most of ...

Finance Minister, Winston Jordan says investors have been walking away from buying any of the four shuttered sugar estates, an indication that Opposition Leader Bharrat Jagdeo is fooling supporters that the People’s Progressive Party (PPP) will reopen them if his party wins the next general elections. “How you are going to open back those four estates that is scrap iron ...

ExxonMobil Guyana has partnered with the Silver Sands Sports Club in Waramuri Village, Barima-Waini, (Region One), to refurbish the recreational ground in the community, the company said in a statement. The facility was commissioned last Saturday. President of Silver Sands Sports Club, Rowena Williams said this has been a dream of several senior citizens of Waramuri. She remarked that the ...

The Guyana government and a major Japanese solar energy company last week opened talks on constructing a renewable energy power plant in Guyana. Last Friday, a group of investors from the United States, Japan, Korea, the Malaysian Group, Smart City Clearing Corporation, and Capital Fund met with the Ministry of Public Infrastructure’s Chief Executive Officer of the Hinterland Electrification Company ...