Daily Archives: November 8, 2019

Guyana is on the cusp of moving from its Third World status – by Adam Harris

Generally, it would take years. But Guyana’s oil is not like some others. It is ‘sweet’ and would therefore not need much refining. It is also light making it among the priciest on the world market. That is why so many companies are rushing here.

Last week I spoke of how Exxon came to find oil. By a whisker that exploration company found oil and avoided leaving Guyana with knowledge that it had oil. A simple decision to drill a second well instead of the first gave Guyana the leg to move from a Third World country.          Continue reading

Guyana Politics: IMF’s projected 86% growth rate giving Guyanese the wrong impression – says Jagdeo

Bharrat Jagdeo

It is the view of Opposition Leader, Bharrat Jagdeo, that news of an 86 percent economic growth for Guyana after the first year of oil production is not painting the whole picture for the Guyanese public.

During a press conference at his Church Street office on November 7, Jagdeo said, “I’ve seen another set of so-called positive news which says the gross domestic product (GDP) of Guyana will increase by 86 percent next year and within, say five years, we can triple the size of our economy… That sounds really good… [But] does it mean it’s all great news for Guyana?”      Continue reading

Guyana Politics: GECOM Chair says… 20,000-plus unverified registrants will be allowed to vote

GECOM Chair, Justice Claudette Singh

Persons who have not collected their identification cards from the Guyana Elections Commission (GECOM) need not worry about being left out of the March 2, 2020 General and Regional Elections. They will still be allowed to vote.

Guyana Elections Commission (GECOM) Chair, Justice Claudette Singh S.C. sat down with Kaieteur Radio yesterday, and provided clarity on this matter that had left many wondering whether they would be disenfranchised.          Continue reading

Guyana: Public servants to get salary increase but no bonus

Finance Minister Winston Jordan

Finance Minister, Winston Jordan on Thursday  November 7, 3019 announced that public servants would get an increase in salary retroactive to January, 2019 but no bonuses would be paid for a third straight year.

“While there will be no one-off end of year bonus, the retroactive salary increase will be applied to salaries for 2020 as well,” the government’s Department of Public Information (DPI) quoted Mr. Jordan as saying.            Continue reading

Oil and Gas in Guyana: Company Formed to Provide Platform for Opportunities

President & CEO of NSB Omega, Michael Critch

GEORGETOWN, Guyana, Friday November 1, 2019 – Against the call for Guyanese to position themselves to benefit from the budding oil and gas sector, Action Invest Caribbean Incorporated has partnered with NSB Energy and Omega Project Solutions to form NSBomega Guyana Incorporated to do just that.

Headed by Managing Director Vishnu Doerga, the company provides a platform where individuals can be trained for technical positions in the industry and offer their services.        Continue reading

Guyana: Major plantain chip packaging business launched… three flavours available

Garth Nelson, Deicrick Forde and David Forde surrounded by Regional Chairman, Renis Morian, Vice Chairman Elroy Adolph and students pose with samples of the product at the launch.

The business, Ventriz Flavoured Plantain Chips offers three flavours to the general public.    Continue reading

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