T&T Ramps Logistics denied certificate to operate in Guyana

link sgtdjones Joined: Feb 15, 2017
Posts: 29009
6/23/22, 11:17:30 AM 
T&T Ramps Logistics denied certificate to operate in Guyana

Ramps Logistics Guyana has said it was denied a local content certificate which it needs to operate in Guyana’s energy sector.The company, which is headquartered in Trinidad and Tobago, had previously said that it had become now a 51 per cent Guyanese-owned Company after divesting.The Local Content Secretariat is, however, tasked with verifying this information before issuing certificates.

The notice issued by Ramps Logistics is as follows:

The recently passed Local Content Act stipulates that a company must have a local content certificate to operate in the Guyana Energy Sector. Ramps Logistics Guyana Inc. has followed all the required guidelines to apply for this Certificate and was denied.
Against that backdrop, we are hosting a press conference to share information that has recently come to hand in the matter that is relevant to all companies and investors seeking to invest in Guyana.


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link sgtdjones Joined: Feb 15, 2017
Posts: 29009
6/23/22, 11:21:09 AM 
Trini Comments:

Exposure

GO GUYANA!!!! Exercise your power and rights to control your own business and country.

Stanton Alleyne

Be careful of what you wish for Guyana! VICE, the news information outlet just had an expose (6/23/2022) on Guyana's oil industry and the Taiwan/China fiasco along with bribery with certain unnamed officials. It makes sense that T&T have no clout or connections so no consideration due to monetary stinginess. A recent article in the Guardian (I believe) stated that T&T robbed itself over decades when revenue was practically nullified by x multinational corporations and T& was left to hang out to dry in those transactions. T&T was basically "ripped off" (in so many words). Have we learnet any lessons from dat?


Deonarine Rajkumar

we eh forget how all you treet we guyanese eh. we richer dan all you now. all you go do as we say or go grenada, st vincent or domonica.

link Drapsey Joined: Dec 25, 2007
Posts: 30403
6/23/22, 11:50:11 AM 
In reply to sgtdjones

T&T Ramps Logistics denied certificate to operate in Guyana

Would that be our colleague bravo's company?

link sgtdjones Joined: Feb 15, 2017
Posts: 29009
6/23/22, 11:51:20 AM 
In reply to Drapsey

No, that company is 1000 times larger than bobolee parlor enterprise.

Bobolee hasn't been to Guyana, just talk.


rolleyes

link anthonyp Joined: Nov 1, 2009
Posts: 9269
6/23/22, 6:11:12 PM 
In reply to sgtdjones

Think the requirements to qualify for the local content licence is as follows:

- At least 51% ownership by Guyanese
- 75% of the management team must be Guyanese
- 90% of the workforce must be Guyanese

Not sure if the last two gotta happen over time.. Or from the start.

Ramps could always contact Su to put through a link for them.. They gonna get that license in no time.. Or the Trini contractor that getting all the Govt construction contracts...
lol lol

link sgtdjones Joined: Feb 15, 2017
Posts: 29009
6/23/22, 6:55:47 PM 
In reply to anthonyp

Or the Trini contractor that getting all the Govt construction contracts...


Check out how Trini contractors build roads

Mosquito Creek Trinidad

rolleyes

link anthonyp Joined: Nov 1, 2009
Posts: 9269
6/23/22, 7:46:08 PM 
In reply to sgtdjones

Things heating up..

Hours after Ramps Logistics – a Trinidadian company offering full-service supply chain management in Guyana – denied manipulation of local systems, it has come to the fore that the company is currently facing a multi-million dollar fine for its breach and bypass of systems at the Guyana Revenue Authority (GRA).

High-level sources have told the News Room that a few months ago, the company was fined $20 million by the GRA for breach of its customs regulations as attempts were made to bypass the safeguards put in place.

Further, GRA is reportedly still awaiting a response from the logistics company, which holds major stakes in the logistic sector of the oil and gas industry, on why its brokerage license should not be revoked.


In addition to the 51 per cent ownership, the law also stipulates that Guyanese nationals must hold at least 75 per cent of executive and senior management positions and at least 90 per cent of non-managerial and other positions.

And by its own admission on Thursday, the Board of Directors of Ramps Logistics comprise three Guyanese (including Lall) and two foreigners.

The Board structure has also been criticised as failing to meet the requirements that companies must have Guyanese holding 75 per cent of executive and senior management positions in order to be considered a local company.




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link Halliwell Joined: May 13, 2005
Posts: 17772
6/23/22, 7:52:18 PM 
Nobody should try to cheat and make a fast buck

link Curtis Joined: Dec 3, 2002
Posts: 13747
6/24/22, 7:13:26 AM 
Soon Trinis will be putting on Raw Raw Guyanese accents to get wuk.

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