$3M support for Mashramani Pan-O-Rama Steel Pan competition
The Honourable Minister of Social Cohesion, Dr. George Norton today accepted a $3M cheque from Republic Bank Guyana Limited (RBL), intended for the support...
Guyana Goldfields’ share price tumbles by 70 percent
According to the Toronto Stock Exchange, the share price for Guyana Goldfields Inc. has tumbled by 70 percent. It is now trading at CDN$1.66.
Shareholders...
IMF completes study on pros, cons of Guyana paying taxes on behalf of oil...
The International Monetary Fund (IMF) has completed a study on Guyana’s pay-on-behalf system which kicks in as a result of the structure of its...
World Bank, IMF helping GRA on administering tax avoidance rules for oil sector
All governments face tax administration challenges. But some of these are the result of poorly designed systems that may not provide the tax agency...
Fuel sector lawlessness must end! Govt. to strengthen licensing, other procedures — Patterson
With many of its loopholes still unaddressed, Guyana continues to lose billions of dollars in the fuel sector. According to the Guyana Revenue Authority...
World Bank, IMF strengthening Guyana’s financial laws to protect oil revenues –Finance Minister
In the last two years, several international bodies have recommended that Guyana strengthen its fiscal regime to ensure its oil money is not only...
Draft Local Content Policy not grounded in realistic assessment of Guyana’s needs-World Bank
Guyana’s Local Content Policy is scheduled for completion in March. But even at this stage, a number of crucial things have not been done....
US$218,000 to upgrade TVET facilities
A contract to the tune of US$218,050 was inked yesterday to facilitate the preparation of final designs and provision of construction supervision services for...
Exxon’s partner takes billion dollar blow in market trade value after Venezuelan incursion
One of ExxonMobil’s partners in the oil rich-Stabroek Block, Hess Corporation, took a huge blow to its market value after a Venezuelan military ship...
US$3M portion of signing bonus set aside for capacity building remains untouch–Finance Minister
When American oil giant, ExxonMobil, gave Guyana a US$18M signing bonus back in 2016, the coalition administration had said that US$3M would be put...
