Daily Archive: Friday, January 31, 2020

Articles published on Friday, January 31, 2020

Guyana stands to lose US$55b in bad oil deal

Producing statistics and calculations to show that Guyana has an oil deal far below global standards and  will lose out on up to  US$55 Billion over the 40-year period of the licence for the Stabroek Block, international corruption watchdog Global Witness has written to ExxonMobil urging a  renegotiation.

PPP/C complains to GECOM about APNU+AFC calls to assemble outside polling stations

The Opposition People’s Progressive Party/ Civic (PPP/C) has officially complained to the Guyana Elections Commission (GECOM) about calls by various leaders of the APNU+AFC on the campaign trail for their supporters to congregate at polling places after closing on March 2nd and “protect their ballot”  In a letter to the Chair, retired Justice Claudette Singh, the PPP/C said it was  “gravely disturbed” by APNU+AFC leaders urging their supporters to “assemble in large numbers at Polling places at the close of polls to protect their ballot.” 

A section of the participants at this year’s Annual Officers’ Conference. (Ministry of the Presidency photo)

Police force has to be expanded

President David Granger yesterday said that during his proposed “Decade of Development” the Guyana Police Force (GPF) would be restructured and augmented to effectively respond to local and transnational crime as well as interpersonal violence. 

Company Chief Executive Officer John Hess.

Hess pumping billions into Guyana oil and gas exploration, production this year

Continually growing international recognition of the size and commercial significance of Guyana’s recently unearthed oil and gas resources has again been reflected, this time, in this week’s announcement days by the United States-based global energy company Hess that the country could attract the lion’s share of its US$3 billion exploration and production budget for 2020.

Lincoln Lewis

Gov’t still silent on standoff between bauxite company, union

The Guyana Bauxite and General Workers Union (GB&GWU) yesterday called on the Government to take a firm stand against the firing of nearly 290 workers by the Bauxite Company of Guyana Inc, (BCGI), the union In a decade-long rift between the union and the Russian-owned bauxite mining company, union president, Lincoln Lewis, yesterday called for an end to the situation.

D’s Body Therapy

Product Specs: Handmade Soap Coconut oil, Olive Oil, Palm Oil, Turmeric, Honey, Glycerin Retail Cost: $330 Herbal Body Lotion Extra Virgin Coconut OIl, Shea Butter, Aloe Vera, Bees Wax, Crabwood Oil, Vitamin E, Turmeric, Fragrance Retail Cost: $840 Both Products are available at: Bounty Supermarkets, Guyana Marketing Association (Robb Street) & Denyse Grant at 592-668-0639 Product D’s Body Therapy has been my go to for locally made soap for the past three years.

Kitco Market Data

Gold Prices for the three day period ending Thursday January 30, 2020 Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 862’s trading results showed consideration of $16,499,485 from 160,768 shares traded in 39 transactions as compared to session 861’s trading results which showed consideration of $3,128,037 from 16,718 shares traded in 23 transactions.

Market Prices

The new Guyana Marketing Corporation has agreed to provide us with the above information which we will publish on a weekly basis subject to receipt.

BCGI layoffs

On Wednesday a letter was pinned up on the notice board of the Rusal-owned Bauxite Company of Guyana Inc (BCGI) informing 146 workers whose names were listed that they had been laid off.