News

Chief Executive Officer (CEO) of Ramps Logistics Guyana Inc., Shaun Rampersad says the company’s recent victory in the court regarding its local status, represents a triumph for the country’s oil investment market. The company is due to receive its Local...

Petrobras maintained a solid third-quarter performance with a total of 3.65 million oil-equivalent barrels (MMboe) produced. A whopping 73% of production came from Brazil’s massive pre-salt basin. The state-owned entity on Friday said that the 1.94 MMboe represented a 2.6%...

The Georgetown Chamber of Commerce and Industry (GCCI) has been advocating for years that the steep learning curve Guyana’s businesses have had to adapt to, must be paired with greater access to finance. Recently, the President of the largest business...

Chief Justice Roxane George-Wiltshire S.C. ruled on Friday that the Minister of Natural Resources, Vickram Bharrat, and Director of the Local Content Secretariat, Dr. Martin Pertab, erred in their denial of a Local Content Certificate to Ramps Logistics Guyana...

Striking at the heart of issues impacting business in Guyana, the Georgetown Chamber of Commerce and Industry (GCCI)’s Business Development Forum opens today at 13:00 hrs, at the Pegasus Hotel Corporate Centre. President of the Georgetown Chamber of Commerce and...

To increase recognition for the invaluable service of world forests, Guyana has seized a golden opportunity to be one of the founding members of the Forest Climate and Leaders’ Partnership (FCLP) which was launched at COP27 in Sharm el...

ExxonMobil Guyana has confirmed that its Corporate Social Responsibility (CSR) expenditure for the period 2015 to 2022 exceeds US$15 million (GUY$3 billion). Most of this investment has focused on transforming the lives of women and youth through comprehensive capacity-building...

The US-based partnership CH4/Lindsayca has been given the green light from the Guyana government to construct the 300-megawatt (MW) combined cycle Power Plant and Natural Gas Liquids (NGL) Facility for its transformative Gas-to-Energy project. President Dr. Mohamed Irfaan Ali in...

For 2021, the Guyana Revenue Authority (GRA) said it waived GY$266.77 billion, equivalent to US$1.28 billion, in tax exemptions as compared to GY$137 billion (US$657 million) in 2020. This represents an increase of GY$129.77 billion (US$622.42 million) or 94.78% over the corresponding period. The Commissioner General, Godfrey Statia, was keen...

Even as it awaits the conclusion of a judicial review of the State’s decision to not grant it a Local Content Certificate, Ramps Logistics Guyana (RLG) said on Monday that it remains committed to supporting the expansion of the...