Local Content Law secured employment for over 3900 Guyanese; trapped US$721M in spend for...
Since its passage in 2021, Guyana’s Local Content Law has proven to be a powerful instrument in securing jobs for citizens. In fact, Senior...
Guyana can use Que$tor software to test reasonableness of companies’ cost estimates-Oxfam Director
Testing the reasonableness of an oil company’s cost estimates has been quite a challenge for oil producing nations. But Oxfam Director, Ian Gary, thinks...
Guyana can end up repaying oil companies for unnecessary costs in absence of Expense...
Every Production Sharing Contract (PSC) ought to have an expense policy; a clear set of provisions that state what can be charged in the...
Finance Minister tables $25.9 Billion Supplementary Appropriation Bill
Senior Finance Minister, Dr. Ashni Singh today presented a $25.9 Billion Appropriation Bill in Parliament. It comprised of Financial Paper No. 4 of 2023...
Govt. makes first $41.6B withdrawal this year from oil account
Senior Finance Minister Dr Ashni Singh announced on Thursday evening that government made its first drawdown this year from the Natural Resource Fund (NRF)...
GRA legally empowered to conduct audit of US$900M pre-contract costs –Statia
Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia sought to emphasize earlier today that his entity is legally empowered to conduct an...
Govt’. to expand EBD road by 8 feet from Providence to Timehri; paving of...
The Guyana Government has plans to widen the East Bank Demerara (EBD) road by eight feet from Providence to Timehri. According to the Vice...
Guyana earned $126B from oil sales in 2024 first quarter—Dr. Singh tells House
Senior Minister with responsibility for Finance, Dr. Ashni Singh revealed on Thursday in the National Assembly that Guyana earned $126 billion from the sale...
Nearly 2,000 BPO jobs created since 2020-Finance Minister
Finance Minister, Dr. Ashni Singh, in his presentation of the 2024 national budget, highlighted the substantial growth in Guyana's Business Process Outsourcing (BPO) industry...
Not a dime from $2.1B collected annually by M&CC goes toward fixing roads, clearing...
The managers of Georgetown collect more than $2.1B in revenues annually, but “not a dime” goes toward fixing roads and clearing drains, says Local...
