Guyana needs policies to ensure oil money is not utilized for political purposes
Chatham House, a London based organization concerned with the eradication of corruption, has praised the Government of Guyana’s efforts to establish a Sovereign Wealth...
Guyana still without legislation or regulation that outlines fines for oil spills
The Guyana government has made no known moves to amend existing laws or introduce new policies that would cater for fines for oil spills....
ExxonMobil’s partners only bring money to Stabroek Block
The Stabroek Block is controlled by a consortium of three companies: Hess Guyana Exploration Ltd, China National Offshore Oil Corporation (CNOOC) and Esso Exploration...
Gold Board seeking to return operations to normality; appeals for continued patience
It has been approximately one month since the Guyana Gold Board (GGB) ceased burning raw gold in the Guyana Geology and Mines Commission (GGMC)...
ExxonMobil can provide Parliamentary Committee with data to prove local content
ExxonMobil has no qualms appearing before the Parliamentary Sectoral Committee on Natural Resources. In fact, the company is eager to supply the committee with...
Guyana can end up repaying oil companies for unnecessary costs in absence of Expense...
Every Production Sharing Contract (PSC) ought to have an expense policy; a clear set of provisions that state what can be charged in the...
GRA launches probe into transfer pricing in manufacturing sector
The Guyana Revenue Authority (GRA) has launched a full scale investigation into rampant transfer pricing activities in the local manufacturing sector.
GRA Commissioner General, Godfrey...
Gold Board uses Pure Diamond Lab to burn mercury off gold
The Guyana Gold Board is currently using the laboratory facilities of Pure Diamond to burn the amalgam off the gold that has been sold...
Draft Local Content Policy requires consultation on procurement, employment targets
The second draft of Guyana’s Local Content Policy has finally been for the public’s perusal.
Minister of Business, Dominic Gaskin has given Guyana Standard his...
Local manufacturers robbing Guyana of rightful taxes through transfer pricing mechanisms
Sources at the Ministry of Finance confirmed that two multi-million dollar companies have been engaged in the practice of transfer pricing. These companies are...
