Tag Archives: job creation

The Institute of Private Enterprise Development Limited (IPED) announced on Saturday, through the release of its 2023 Annual Report, the disbursement of a total of 4,881 loans valued at $4.3 billion, which contributed to the creation and maintenance of 8,655 jobs, according to a statement.   According to Komal Samaroo, Chairman of IPED’s Board, “The strategic decision to focus the company’s ...

The Guyana government plans to open negotiations with United States (US) oil giant ExxonMobil to purchase natural gas to push industrialisation and provide cheap electricity to the nation as well as entrench local content requirements to ensure Guyanese are not paid lower salaries than in other countries, Vice President Bharrat Jagdeo told a news conference on Friday. Claiming that the ...

The Guyana Trades Union Congress (GTUC) on Tuesday welcomed the re-establishment of a Ministry of Labour and has already urged Minister of Labour Joseph Hamilton to tackle several burning issues. “We look forward to a good, meaningful, and productive working relationship with the Minister. Now that we have a return of a ministry it is therefore our expectation that the ...

President David Granger Friday night said he expected increased jobs and assured that oil revenues would be spent wisely, shortly after ExxonMobil announced that it earlier in the day began commercial oil production from the Liza field offshore Guyana. “The petroleum sector will stimulate increased employment and expand services,” he said in an address to the nation. He announced that ...

Former Jamaica Prime Minister, Portia Simpson-Miller Thursday night called on Guyana to put systems in place for small businesses to benefit from the expected economic boom. In an address to the Georgetown Chamber of Commerce and Industry’s (GCCI) awards ceremony, Mrs Simpson-Miller said allowing small businesses to participate in the economy and a transparent economic process should do well for ...

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 ...

Guyana has asked the Islamic Development Bank (IsDB) to finance the training of local persons for the emerging oil and gas sector, even as top officials said foreigners would have to be employed if there are insufficient Guyanese to fill vacancies. “A reverse linkage programme in technical and vocational training with emphasis on addressing the critical needs of our emerging ...