As Opposition Members of Parliament attempted to stop the passage of the Natural Resource Fund (NRF) Bill, Opposition APNU+AFC Member of Parliament Annette Ferguson attempted to steal the Speaker’s mace. The National Assembly returned from a brief intermission on Wednesday afternoon after the historic Local Content Bill was successfully passed with amendments. Upon its resumption,…

As members of the Opposition chanted loudly and blew whistles in the National Assembly, the Government moved quickly to pass the Natural Resource Fund Bill and the Speaker allowed the passage without any debate. The National Assembly descended into chaos this evening as the Opposition Members protested loudly against the controversial Bill just after it…

A meeting between the government and opposition to discuss the APNU+AFC’s proposed amendments to the Local Content Bill had to be called off as Opposition Leader Joseph Harmon did not show up. The governing People’s Progressive Party/ Civic in a Facebook post confirmed that the meeting was scheduled to take place Wednesday morning ahead of…

Minister of Natural Resources Vickram Bharrat confirmed Wednesday that the government has agreed to support 10 of 14 amendments proposed by the opposition APNU+AFC to the Local Content Bill. He made the disclosure as he opened the highly anticipated debate on the Bill in the National Assembly Wednesday. Bharrat said the government did not find…

A total of 63 ponds have been completed as part of the government’s efforts to increase the production of brackish water shrimp from 250,000 kilograms to 500,000 kilograms by 2025. The Fisheries Department of the Ministry of Agriculture and the National Drainage and Irrigation Authority (NDIA) are expected to build an additional 11 ponds as…

The government on Wednesday accused the opposition APNU+AFC of “unwarranted nitpicking” in its objections to certain aspects of the Local Content Bill. When the Bill came up for debate Wednesday morning, the Parliamentary Opposition accused the government of failing to properly consult with them, possibly violating regional treaties and leaving loopholes that could allow for…

The multimillion deep water port being built aback Seawell village in Berbice could become a major hub for oil and gas business because of oil finds at nearby wells in Guyana and Suriname, Dr Suresh Narine, the Executive Chairman of CGX Energy, has said. According to Dr Narine, some components of the port should be…

AFTER  a full day of rigorous, sometimes emotive, debate in the National Assembly which followed a year of consultations on the structure of the Bill, Guyana’s historic Local Content Bill was passed by a majority of the House, on Wednesday afternoon. The Bill, tabled by Natural Resources Minister Vickram Bharrat a few weeks ago, outlines…

India is six wickets from victory in the first Test against South Africa after Jasprit Bumrah struck twice in the final few overs on day four in Centurion. Chasing a target of 305, the hosts recovered from the loss of Aiden Markram (1) and Keegan Petersen (17) to reach 74-2, before Bumrah (2-22) bowled Rassie van…

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…