GMSA seeking multi-level state support for businesses to grow
CLICK HERE TO READ ORIGINAL ARTICLE To make access to capital and resources for the expansion of local businesses easier, the Guyana Manufacturing and Services Association (GMSA) has pitched several proposals to the government for support. President of the Association, Ramsay Ali, during a mid-year business dinner on Thursday night at the Ramada Hotel, Providence said multiple in-house...Read More
VP to Guyana private sector: Improve financial standing to bridge funding gap
CLICK HERE TO READ ORIGINAL ARTICLE Access to finance has been a major deterrent to local businesses looking to service Guyana’s oil and gas sector. After all, the development cost for just one of ExxonMobil’s offshore projects overshadows Guyana’s annual budgets. Calls have mounted for the government to devise ways to alleviate this proverbial brick wall. The latest came...Read MoreGovt prepared to support, sell crude to small refinery – VP | INews Guyana
CLICK HERE TO READ ORIGINAL ARTICLE Vice President Dr Bharrat Jagdeo has revealed that the Government, which presently has several proposals before it for setting up a refinery, is prepared to support the establishment of a small refinery, and even sell limited amounts of Guyana’s crude to such a refinery. During the Guyana Manufacturing and Services Association’s (GMSA’s) mid-year...Read More
Local Content Law: Companies using junior staff to meet senior management quota – Jagdeo
CLICK HERE TO READ ORIGINAL ARTICLE …but junior staff salaries remain same despite ‘new’ job titlesDespite the Local Content Act, oil and gas companies continue to come up with new ways to bypass the law. According to Vice President Bharrat Jagdeo, companies have now taken to using their junior staff to fill up the legally-mandated quota for senior management staff, all while the junior...Read More
Mining, quarrying sectors set for massive expansion – GMSA President
CLICK HERE TO READ ORIGINAL ARTICLE …says forestry, services sectors also on upward trajectoryRecent developments in the gold mining sector, as well as the quarrying sector, augur well for Guyana’s economic prospects and growth in these sectors. This is according to Guyana Manufacturing and Services Association (GMSA) President Rafeek Khan. During the GMSA’s mid-year dinner on...Read MoreGMSA weary of difficulties at local banks, Jagdeo says gov’t considering a request for revolving fund
CLICK HERE TO READ ORIGINAL ARTICLE Access to capital has long been a hindrance to the formation and expansion of local businesses but the Guyana Manufacturing and Services Association (GMSA) has a proposal that could change that. During its mid-year business dinner on Tuesday night, the Association’s President, Rafeek Khan acknowledged this impediment and said a revolving fund would be...Read More