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Daily Archives: May 24, 2014

Marriott Hotel gets new investor; debt financing deal struck

Atlantic Hotel Inc. (AHI) and Republic Bank Ltd on Saturday announced the completion of the financial arrangements by Republic Bank for a syndicated borrowing of US$27M in debt financing for AHI. This is for the construction of the Marriott operated hotel and the shell of an Entertainment Complex. Republic Bank, on behalf of its consortium of lenders, has received its ...

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Baggage handlers arrested for cocaine in Toronto-bound CAL aircraft

Two baggage handlers have been arrested in connection with the discovery of 2.2 kilogrammes of cocaine in the baggage-hold of a Toronto-bound Caribbean Airlines (CAL) aircraft, a senior anti-drug agent said Saturday. The official said the baggage handlers are employed by a local handling company for  CAL at the Cheddi Jagan International Airport (CJIA). Charges could be laid against the ...

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Lethem in blackout due to fuel shortage

Lethem is experiencing widespread blackout for several hours due to a fuel shortage because a bridge collapse one week ago has prevented a tanker from continuing its journey to the southern border township. Region Nine Chairman, Wilson Lorentino hoped that workers would complete a bypass to allow the fuel tanker to leave the area. “Right now, I see a message ...

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Updated: New Amsterdam prisoners chopped by fellow inmate

Chaos broke out in the New Amsterdam prison Friday afternoon when a prisoner entered a number of cells and chopped at least four prisoners , leaving them in a critical condition. The perpetrator is known only as ‘Shoulders’.  A police source told Demerara Waves that around 5:30 PM the murder suspect, choked a prison warden into an unconscious state before ...

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