Category Archives: Business

GUYANA: Laparkan fire reportedly started where dangerous oil chemicals were stored

By Wayne Lyttle – Jan 18, 2021 – Kaieteur News 

The popular Laparkan Shipping Company storage bond and the storage bond of another shipping company identified as Tropical Shipping Company were destroyed by a massive inferno, which started just before midnight on Sunday.

The bonds are located on the premises of the Guyana National Shipping Corporation (GNIC) Wharf at Lombard and Broad Streets, Charlestown, Georgetown.

According to reports, hundreds of millions of dollars worth in vehicles and other imported items which were stored in containers, barrels and boxes were completely destroyed by the blaze.      Continue reading

BUSINESS: “Work” has changed and that’s why everyone is quitting – BlackRock’s Larry Fink

Larry Fink

Business Insider – January 18, 2022

  • BlackRock’s CEO Larry Fink wrote in his annual letter to CEOs about the record number of workers quitting.
  • Fink said that workers seeking new opportunities is a good thing and that companies have to adapt.
  •  Companies that don’t adjust to the “new reality” will “do so at their own peril,” he said.

In his annual letter to CEOs, Fink touched on everything he thought was “vital to driving durable long-term returns” and helping the company’s clients reach their goals. One trend he highlighted was the record-breaking number of workers quitting.      Continue reading

GUYANA: Georgetown: First phase of Vlissengen Road Project completed

─ design for phase two being finalised

Phase one of the geometric improvement project along Vlissengen Road has been completed. The G$42.6 million project is aimed at improving access for pedestrians.

The first phase of the project runs from the roundabout to Barr Street and was executed by Vieira 66 Logistics. The area has been paved, has adequate drainage, is painted and outfitted with street lights.

The second phase of the project which will continue from Barr Street and end at Lamaha Street is still in the design phase. This phase will also see the installation of seats from the roundabout to Lamaha Street.        Continue reading

GUYANA: President Ali to hold discussions with Presidents Bolsonaro and Santokhi

His Excellency President of Guyana Dr. Irfaan Ali is scheduled to make a working visit to Paramaribo on Thursday January 20, 2022 to meet with the President of the Republic of Suriname, H.E Chandrikapersad Santokhi, and the President of the Federative Republic of Brazil, H.E Jair Bolsonaro.

The leaders are expected to discuss the formation of an energy corridor, oil and gas and other natural resources opportunities, among areas of common interest.

On Friday January 21, President Bolsonaro and a team of officials are expected to travel to Georgetown for a one-day official visit with President Ali and his team of Ministers.          Continue reading

GUYANA: Fire At Laparkan Trading Company and Tropical Shipping Company in Georgetown

— GNIC fire-ravaged property had no fire prevention equipment

The Guyana Fire Service on Monday said the Guyana National Industrial Company  (GNIC) building that housed the Laparkan and Tropical Shipping bonds had no fire fighting equipment.

“In this particular instance the facility did not have any means of fire prevention.

There were no smoke detectors, fire extinguishers or fire hoses installed in the building,” the Fire Service said.

The cause of the fire was not immediately known but the fire service said both Shipping companies incurred huge losses.            Continue reading

GUYANA: Local Content Bill: Guyana Playing Wrong And Strong!


Jan 16, 2022 – Kaieteur News – The local private sector is being myopic when it comes to the conflict between Guyana’s local content policies and law and the country’s obligations under the Revised Treaty of Chaguaramas (RTC). Those representative private sector organisations which have railed against criticisms of Guyana’s local content laws have failed to appreciate the importance of regional integration towards local firms’ participation through local content policies.

Isabelle Ramdoo, a Senior Investment and Linkages Advisor at the African Minerals Development Centre, has expounded on the importance of a regional approach to the success of local content policies. While noting that many local content policies stand in conflict with goals of regional integration, she said that was in the main because such policies focused on national interests.          Continue reading

GUYANA: Feeling Blessed – By Dave Martins + Music Video

 Stabroek News – By Dave Martins – January 1, 2022

It’s one of the features of daily living that we often look back at our lives and feel fortunate for some of the things that have come our way.

I have several friends in this category who will from time to time make this point about their own situation, and it occurred to me very recently, after a very touching email from my friend and fellow musician George Jardim, who spoke about his own satisfaction with things on his plate, triggering me into reflecting on what he said as it related to my life. I have noted this before, but it bears repeating.            Continue reading

GUYANA: The NRF Bill/Law – By GHK Lall – commentary

Encouraging Events, Disturbing Developments…

GHK Lall

 By GHK Lall – The GHK Lall Column

Jan 16, 2022- Kaieteur News – So much has been said and written about the Natural Resource Fund Bill/Law (NRF) that I paused for a long moment, then decided one more word may mean something, sometime down the road, when we look back past the wreckage. That is, if we can.

The NRF Bill has been called a lot of things, such as rushed and controversial, among others. I call it for what it is: the handiwork of the criminally inclined from the well-populated political roosts and lairs. This would not be ordinary crimes by ordinary white-collar criminals, but what amounts to the equivalent of financial treason. In the NRF Bill/Law, I see a betrayal-maybe the biggest one yet – of this country and the hopes of its peoples.            Continue reading

GUYANA: Eureka Lab launches Guyana’s first online patient portal

SPortal

IN its quest to ensure continuous, efficient and reliable medical services to all, Eureka Medical Laboratories (EML) recently launched its Online Patient Portal.

According to a release, this new portal, which was officially introduced to clients and stakeholders by way of a virtual Zoom launch, allows patients who use the laboratory service to view their results online.            Continue reading

GUYANA: CARICOM Private Sector body objects to Guyana’s Local Content law;

— Georgetown Chamber President says time to leave CARICOM Single Market

Timothy Tucker

The Caribbean Private Sector Organisation (CPSO) is objecting to Guyana’s recently-passed Local Content legislation on the grounds that it seems to violate the Caribbean Community’s (CARICOM) free trade rules, a position that has prompted the President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker to call for Guyana to leave the regional single market.

CPSO President, Gervase Warner has stated in an email states that “at the executive committee today, we agreed that the legislation appears to violate several provisions of the Revised Treaty of Chaguaramas.”  Mr. Warner, who is also the President and Group Chief Executive Officer of the Trinidad-headquartered Massy, said the CPSO would be raising its concerns first with the Guyana government and then “ultimately to the Caribbean Community.”          Continue reading

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