The Private Sector Commission (PSC) on Wednesday backed amendments proposed to the Natural Resource Fund Bill which when passed will guide the way the country’s oil revenues are spent. “We note the removal of the unbridled authority that was entrusted in the Minister of Finance in the Act of 2019, and the disaggregation of some…

Charles Ceres through his Ground Structures Engineering Consultants Inc. Company has maintained a longstanding tradition of football support by backing the ongoing Guyana Football Federation (GFF) and the Kashif and Shanghai (K&S) Organisation year-end Super 16 tournament. According to a GFF release, this collaboration with its many partners, which include the government through the Ministry…

While commending the government for its effort to improve accountability and the management of Guyana’s earnings from oil resources, the Georgetown Chamber of Commerce believes more time should be provided to get the public’s input and comments on the bill. “Given the paramount importance of this Bill, and its use as a tool for intergenerational…

The New Building Society Limited (NBS) on Wednesday announced that it will reduce interest rates on mortgages from next year. Effective January 01, loans from $6M to $15M will be reduced from 6.25% to 5.95% per annum. This will be applicable to both current and new loans, NBS said in a statement. For those who…

When the Local Content Bill is signed into law, the Ministry of Natural Resources will move immediately to set up and operationalize the Local Content Secretariat. The Secretariat will be based at the Ministry of Natural Resources and will be primarily responsible for the monitoring of companies involved in the oil and gas sector to…

–even as floodwaters continue to recede across Georgetown AS Guyana continues to experience heavy rainfall, the Civil Defence Commission (CDC), on Tuesday, urged persons in low-lying and flood-prone areas to take precautions in the coming days. In a weather update, the commission related that precautions are necessary because rainfall could reach up to three inches…

The Guyana Oil and Gas Energy Chamber has backed the Natural Resource Fund Bill. Below is a statement from the Organisation: The Natural Resource Fund Act 2019 is an important piece of legislation albeit–for reasons of constitutional legitimacy, transparency, accountability, and governance of the Fund, the 2019 Act is set to be amended, inter alia,…

The Private Sector Commission today threw its weight behind the passage of the Natural Resource Fund legislation in its current form even though its sister private sector body the Georgetown Chamber of Commerce and Industry called for the passage of the legislation to be delayed. In a statement, the PSC said the new Bill which…

— firearm sent for ballistic testing THE firearm, seized from Mayor Pandit Ubraj Narine on Monday, after an alleged domestic confrontation at Pigeon Island, East Coast Demerara, was dispatched for ballistic testing while his hands were swabbed by police for gun residue on Tuesday, police confirmed. Police said that investigations were ongoing as statements were…

–says ExxonMobil President AS Guyana inches closer to realising its potential as a global powerhouse, the country will need to institute stable rules that facilitate large-scale investments, President of ExxonMobil Guyana, Alistair Routledge, has said. At a recent gala hosted by the Georgetown Chamber of Commerce and Industry (GCCI), Routledge said that the role of…