There are several news reports that government is preparing the final draft of its local content policy (act or law). There are also several commentaries on the issue. KN has focused extensively on issues pertaining to the oil industry – especially on how the nation is being hoodwinked (cheated and robbed) in broad daylight on…
The Transparency Institute Guyana Inc (TIGI) is suggesting that international laws could protect Guyana from the most egregious provisions of the oil agreement with an ExxonMobil subsidiary since by contravening domestic law it violates several of the guidelines of the Organisation for Economic Co-operation and Development (OECD). In the ninth installment of a series of…
Exxon is accused of cooking the books. One set of accounting records for shareholders (investors) and another for its management. This may have cost Exxon’s shareholders up to US$1.6 billion in damages. That is the case brought by the New York Office of the Attorney General (NY OAG) and now on trial. Even more concerning…
Taxes are fundamental to developing the Western world’s prestigious institutions and first-class infrastructure. In Canada, heart attack surgery is free. In the US, for a few dollars, you can hop on to a NYC bullet train that rockets you down the tracks to Boston. These services wouldn’t be affordable without the taxes paid by major…
There are countless flaws in the oil contracts between Guyana and the multinational companies. Guyana has been shafted (exploited or get very little) in the contracts with oil companies as reported so many times in KN.It is reported in KN and the international media that oil companies have paid Brazil some US$2.2 billion for rights…
I have written over ten columns on the foreign exchange (FX) market since 2009. These essays are direct in the sense that they address explicitly the question of what is determining the exchange rate and the quantity traded in the local market. In 2017, I wrote a six-part series to address some of the issues…
Early Saturday morning, Nigel Hinds and a number of his colleagues were in Guyana handing out food to the homeless. We saw several pictures on the world- wide Internet. We find the pictures very moving. But more than that: they capture for us a sense of incompetence and negligence by the Government of Guyana.Given we…
