Chamber wants seats on 16 state boards, president says

– pressing for transparency in administration of oil and gas sector

In what is likely to be seen as an initiative aimed at easing the strained relationship between government and the private sector, Georgetown Chamber of Commerce and Industry (GCCI) President Deodat Indar used last Thursday’s launch of the entity’s 2017 Business Guyana Magazine to signal the chamber’s pursuit of a range of collaborative initiatives with government. In a presentation that attracted the rapt attention of public and private sector officials and members of the diplomatic corps the newly elected Head of the GCCI also made it clear that in the matter of the running of the country’s oil and gas sector, there was a number of weighty expectations of both the Government of Guyana and ExxonMobil.

Deodat Indar

In a presentation that sought to send clear signals of the likely direction of the chamber in the period ahead, Indar said government can anticipate intensified advocacy for reduced taxation, reduction of importation issues specifically with Customs and Food and Drugs. The GCCI, according to its president, will, in the immediate term, be pushing for “representation on state boards for agencies that interact and interface with the population and businesses.” This is “in order to contribute to the development of the private sector and Guyana as a whole.”

Other matters on which Indar said the chamber will continue to pursue aggressive advocacy include “parking meters in the city [and] VAT on private tuition.” Beyond that, he said, the chamber was “contributing and advising on the improvement of economic sectors, such are agriculture, manufacturing, importation, wholesale and retail, small and microbusinesses, forestry, financial services, construction, oil and gas and other sectors.”

The chamber, its president added, was also working with other business support organizations, “to remedy issues and constraints facing these sectors in the furtherance of development of the private sector.”

Indar said, meanwhile, that consistent with the chamber’s intention to be “a contributor in the true sense to the development of Guyana” the GCCI will be making representation to the president to have a seat on 16 state boards.

Indar also used his address to announce that the chamber would be seeking to involve trade missions from Canada, the Caribbean and the UK for hosting one of the largest oil and gas and mining shows in June next year.

In what is likely to be seen as one of the more pointed and important recent private sector policy pronouncements, Indar said  that while the chamber is committed to working with the Minister and the Ministry of Natural Resources it would be seeking to constructively criticize, when necessary, for the good of the private sector and Guyanese workers. He said that while the Natural Resources Minister was to be commended for his outreach “with respect to consultation on the oil refinery prospects for Guyana, local content policy and the Petroleum Commission Bill there was also the requirement that the Minister make public his “thinking and intention on the local content policy that is currently in its draft stage, a number of issues including the likely date of an approved policy, and the model that was used as a framework to develop the current draft policy.”

Indar said that the GCCI was also seeking to be informed about issues pertaining to the makeup, independence, appointment, remuneration and removal of members of the board “and how the Bill meshes with good governance, transparency and being bi-partisan.”


Wardens to be deployed against gold smugglers next year – Finance Minister

The efforts of the Ministry of Natural Resources attended by external support notwithstanding, the Government of Guyana still considers the phenomenon of gold smuggling to be seriously injurious to the country’s economy and in his recent 2018 budget presentation to the National Assembly, Finance Minister Winston Jordan set out the APNU+AFC administration’s proposals for helping to address this problem.

Company to oversee Guyana’s commercial petroleum interests to be created next year

aNatural Resources Minister Raphael Trotman has disclosed three key objectives which the Government of Guyana will be pursuing in 2018 to consolidate its capacity to effectively service a modern oil and gas industry including a national oil company which will be charged with responsibility for overseeing the country’s commercial interest in the sector.

Hinterland communities promised $200m Green Enterprise Development Centre

Against the backdrop of longstanding concerns over a dire shortage of job opportunities in hinterland communities, government has disclosed plans in the 2018 budgetary proposals for a $200 million investment in the Hinterland Green Enterprise Development Centre at Bina Hill in Region Nine which, according to Finance Minister Winston Jordan, seeks to focus on areas of training “that leverages indigenous and traditional knowledge and drives upstream demand for local products and services.” The disclosure in Jordan’s 2018 budget presentation of what he describes as a “flagship initiative” comes against the backdrop of a growing clamour for the creation of job opportunities for residents of hinterland communities that go beyond their reliance on the production and sale of traditional craft and small scale agriculture.

A hinterland community readies itself for township status

These days, there are unmistakable indications that Mahdia is busying itself preparing to embrace the township status that beckons.

Lucas sees 2018 as breakout year for UG’s School of Business

Five months after the University of Guyana’s School of Entrepreneurship and Business, (SEBI) was launched, Dean of the new institution, Guyanese-born Professor Leyland Lucas has told the Stabroek Business that some of the challenges that repose in ensuring that the institution delivers on its mandate repose in the fact that “it is different.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now