Daily Archive: Friday, February 28, 2025

Articles published on Friday, February 28, 2025

Gas-to-Energy contractor says to accelerate work

-but still no word on completion date Following government’s admission to delays in  the huge Gas-to-Energy (GtE) project at Wales, United States project contractor LNDCH4, yesterday said it is upping its resource allocations to the project but will not compromise safety.

The World Bank team meeting  Finance  Minister Dr Ashni Singh (left) this week (Ministry of Finance photo)

World Bank approves US$156m road project

`…(the) road safety situation in Guyana is concerning, with a road mortality rate of 15 deaths per 100,000 population’ The World Bank’s Board of Executive Directors has approved a new project to support Guyana in upgrading and rehabilitating the country’s road infrastructure.

Rupununi Chamber President Orlando
Wong shares the podium with Amerindian Affairs Minister
Pauline Sukhai during a Rupununi EXPO event in November last year

State agencies must have greater presence in Rupununi – Chamber President Wong

As the current oil-driven development surge currently being undertaken by government of Guyana seeks to impact the country as a whole, President of the Rupununi Chamber of Commerce and Industry Orlando Wong has told the Stabroek Business that it is important that those state agencies that are directly linked to supporting critical aspects of that still limited surge that obtains in interior communities and other non-coastal communities be provided with robust and competent ‘outposts’ through which to execute their responsibilities.

The Natural Resources Minister and senior officials of the GCCI

Natural Resources Minister, GCCI engage on oil and gas issues

The local private sector has been keeping a close eye on developments in the country’s oil and gas industry not just to enhance its own understanding of the significance of the sector to the country’s overall development but also to seek to determine the feasibility of relationships between the country’s world class petro breakthrough and the knock-on effect that this will have on the growth of the various other sectors in the wider business community.

Stephen Curry goes off for 56, rallies Warriors past Magic

(Field Level Media) Stephen Curry ignited his own third-quarter explosion with a 50-footer at the halftime horn, then capped a 56-point performance with 11th and 12 3-pointers to protect a late lead that resulted in the Golden State Warriors’ 121-115 victory over the host Orlando Magic last  night.

The clinching of the joint venture

GAICO, DR company in fertiliser joint venture

On Tuesday 18th February, local company,  Gaico clinched a joint venture with Fersan; the Dominican Republic’s biggest fertiliser producer and one of Guyana’s longest standing supplier to the agriculture sector, according to a release from Gaico.

Jermaine Batson

Police still mum on safety gear issue for riverain patrols

-following drowning of Lance Corporal Concerns have been raised about whether the Guyana Police Force’s ranks are equipped with safety equipment on riverain patrols, with the Force yet to provide clarity on whether Lance Corporal Jermaine Batson and his team were equipped with necessary safety gear when he tragically drowned in the Puruni River.

Oil and gas company charged over tax returns, PAYE

Sheldon Davis, Managing Director of Century Tamara Logistic Services Inc (CTLS), a locally owned and operated oil & gas technical and support services company registered in Guyana, appeared on Wednesday at the Georgetown Magistrate’s Court before Acting Chief Magistrate Faith McGusty charged with failure to file tax returns and pay PAYE.

Stock Market Update

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1112’s trading results showed consideration of $85,008,783 from 146,547 shares traded in 46 transactions as compared to 1111’s trading results which showed consideration of 11,736,944 from 34,448 shares traded in 28 transactions.

CDB President Daniel Best

New CDB President’s visit signals country’s stronger ties with Bank

On his first official visit to Guyana since his recent appointment as President of the Caribbean Development Bank (CDB), the new Head of the regional financial institution, Daniel Best, would appear to have set new markers with which to ‘measure’ the relationship between the most important financial institution in the region and what, on account of its vast petro resources, and in terms of its development potential, currently the standout country in the region.

Carib Export ‘fronting’ initiative to grow women-led businesses in the region

February 24, 2025, Bridgetown, Barbados – In a move that appears to further support important elements in the broader development of the region, Caribbean Export has disclosed that it is teaming up with Global Affairs Canada (GAC), the Department of the Canadian government that manages the country’s international development and humanitarian assistance to advance Women’s Economic Empowerment in the Caribbean.

Amcham TT Chief Executive
Officer Nirad Tewarie.

TT business leader advocating ‘importing’ private security to push back criminals’ targeting of business community

With Trinidad and Tobago’s bloody crime spree that has seemingly ‘picked out’ the country’s business sector for some of its worst excesses, some of the country’s leading Business Support Organizations (BSO’s), having been targeted by criminals for robberies and killings, would now appear to have signaled their readiness to strengthen their security bona fides by importing security resources from outside the country.