US$5,000 oil money pay-out to citizens has merit; must be examined – Lincoln Lewis
The suggestion that poor Guyanese households should benefit from a US$5,000 pay-out from the oil proceeds, has merit and should be examined, says Trade...
Green Paper on Natural Resource Fund makes no provision for crucial independent auditors
In more than 30 countries, Governments have spent trillions of dollars from Natural Resource Funds in ways that remain shrouded in secrecy. This is...
Rush to pass Local Content could increase Guyana’s cost recovery –Hughes warns
Since the discovery of oil, there has been an overwhelming desire from the citizenry and even international operators to ensure there is a policy...
GuyOil remains most improved State Owned Enterprises with $2.8B revenue increase
The Guyana Oil Company (GuyOil) Limited remains the most improved State Owned Enterprise with $2.8B in revenue increase at June 30, 2018. This is...
Govt.’s Green Paper on Natural Resources Fund takes Guyana back to square one –...
Leader of the Opposition, Bharrat Jagdeo, is not impressed with Government’s Green Paper – “Managing Future Petroleum Revenues and Establishment of Fiscal Rule and...
WPA endorses Prof. Thomas’ call for US$5000 pay out from oil proceeds to poor...
The Working People’s Alliance (WPA), recently endorsed the call made by Professor Clive Thomas to make some of Guyana’s petroleum money directly available to...
US$460M pre-contract cost not audited due to lack of capacity-Jordan
The controversial US$460M pre-contract costs that ExxonMobil has charged Guyana is yet to be audited. And while Finance Minister, Winston Jordan is aware of...
“No evidential basis” for cash payouts from Petroleum revenues – Granger
President David Granger today said that there is “no evidential basis” for the suggested cash payout to households from the expected Oil and Gas...
Citizens should receive portion of oil money but on conditions-Jagdeo
Economist, Professor Clive Thomas’s suggestion that government should consider annual cash transfer of $1Million (US$5000) to poor households when oil starts pumping, has generated...
Finance Minister disagrees with cash handouts to citizens from oil wealth
Teach a man to fish and he can feed himself for a lifetime. Give him one every other day, he will remain dependent.
This maxim...
