Georgetown Chamber of Commerce & Industry

September 18, 2019| Post by: Georgetown Chamber of Commerce

Guyana, Chile to cooperate more in mining, petroleum and other sectors

(NEWS ROOM) President David Granger and First Lady, Mrs. Sandra Granger Tuesday evening, attended the 209th Independence Anniversary of the Republic of Chile at the Marriott Hotel, Georgetown. President Granger, in his address, said Guyana and Chile have enjoyed excellent relations since the establishment of formal diplomatic ties on 22nd July 1971. “Relations between our […]

business, gcci, growth, guyana, IMF, oil and gas, south america| September 18, 2019| Post by: Georgetown Chamber of Commerce

Strengthen anti-corruption frameworks to bolster investor confidence and promote growth in Guyana – IMF

By Sandi Bowen As Guyana prepares for first oil in early 2020, the International Monetary Fund (IMF) has described Guyana’s medium-term prospects as “very favourable”. The IMF, in a press statement emanating from its recently concluded 2019 Article IV Consultation with Guyana, has projected that Guyana’s oil sector will account for around 40 percent of […]

September 17, 2019| Post by: Georgetown Chamber of Commerce

Gov’t, MACORP to offer free technical training through ICT hubs

(NEWS ROOM) The Public Telecommunications Ministry and MACORP on Monday signed a Memorandum of Understanding (MoU) which will allow persons to access free online technical training using MACORP’s software. The signing took place at took place at Industrial Supply of Guyana (ISG) at Providence, East Bank Demerara. The agreement will allow Guyanese pursuing a career […]

gcci, guyana, trade, trinidad| September 17, 2019| Post by: Georgetown Chamber of Commerce

Guyana and Trinidad holding bilateral talks to find resolutions to Trinidad’s restrictions on honey, poultry

(KAIETEUR NEWS) Guyana and Trinidad are holding talks to solve a simmering trade dispute over a wide range of especially agricultural products that the neighbouring country has been rejecting. The delegations from Guyana and Trinidad and Tobago who were part of the meeting. High Commissioner of Guyana to Trinidad and Tobago, Bishwaishwar Ramsaroop-Maraj (r) delivers […]

business, gcci, oil and gas, south america, tullow| September 16, 2019| Post by: Georgetown Chamber of Commerce

Tullow makes second oil discovery in Guyana

(NEWS ROOM) Director of the Department of Energy, Dr. Mark Bynoe in the wee hours of Monday announced that UK-based company Tullow has successfully opened a new Upper Tertiary oil play in the Guyana basin at the Joe-1 exploration Well. A statement from the Ministry of the Presidency noted that this is the second discovery […]

gcci, GSBYI, guyana, oil and gas, south america| September 14, 2019| Post by: Georgetown Chamber of Commerce

Over US$100M invested by oil services firm, Guyana Shore Base Inc.

(STABROEK NEWS) Almost years after being established, oil services company Guyana Shore Base Inc (GYSBI) has sunk over US$100 million ($20.8 billion) into its operations here and plans to invest US$50 million ($10.4 billion) in the next 12 months. GYSBI is a consortium established in late 2016 comprising Muneshwers Limited, TOTALTEC Oilfield Services, Pacific Rim […]

gcci, guyana, local content, oil and gas, south america| September 14, 2019| Post by: Georgetown Chamber of Commerce

Numerous barriers hindering locals from supplying oil industry with goods, services – GCCI President

(KAIETEUR NEWS) – Whether it has to do with the cost of industry certification or issues with securing the right partnership, President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Deygoo-Boyer asserts that local businesses are facing several challenges in their efforts to supply the oil industry with their goods and services. GCCI […]

gcci, gra, guyana, south america, tax| September 13, 2019| Post by: Georgetown Chamber of Commerce

Increased revenue due to improved administration not more taxes – GRA Boss

(KAIETEUR NEWS) – In 2016, revenue collection at the Guyana Revenue Authority (GRA) stood at $151,745,525,000. But since then, GRA has seen an over 12 percent growth rate with revenue now pegged at $223,582,900,000. The political opposition has often argued that the foregoing increase is directly linked to the introduction of more taxes. But GRA’s […]

September 13, 2019| Post by: Georgetown Chamber of Commerce

Over 100 local businesses benefit from Namilco’s baking seminar

(GUYANA CHRONICLE) – ONE hundred and thirty persons drawn from bakeries, fast food outlets, hotels and service providers as well as caterers from across Guyana benefitted from a one-day ‘Baking Seminar,’ recently hosted by the National Milling Company of Guyana (NAMILCO). The seminar, which formed part of the NAMILCO’s 50th Anniversary Celebrations, was held at […]

commercial banking, gcci, guyana, republic bank, scotiabank, south america| September 12, 2019| Post by: Georgetown Chamber of Commerce

Republic Bank/Scotiabank deal not yet approved

(NEWS ROOM) – The Bank of Guyana is still in the process of conducting its due diligence as it relates to the Republic Bank takeover of Scotiabank operations in Guyana and the Government of Guyana says it is still not in favour of the sale. “We made our views very clear earlier this year that […]

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