Business

The opposition People’s Progressive Party (PPP) on Thursday virtually endorsed the Working People’s Alliance’s (WPA) proposal of direct cash transfer of some projected oil revenues, but preferring to target the poor and needy instead of all just over 200,000 households across Guyana. “In fact, in our manifesto, we are going to be talking about conditional transfers, targeted transfers to vulnerable ...

The Guyana government on Wednesday unveiled 31 new standards to regulate the importation and sale of electrical installation items and equipment. During the launch hosted at the Umana Yana in Kingston, Georgetown the participants were told that the new standards will be used as a threshold to commence monitoring of the importation of electrical equipment. The equipment which will now ...

The Guyana Telephone and Telegraph Company (GTT) rolled out its 4G LTE mobile service to customers on Wednesday in selected areas of Guyana, saying it needed more spectrum to provide that upgraded mobile internet service for both 4G LTE and 5G. Speaking at the public launch of the service, which is available in Demerara and New Amsterdam, Minister of Public ...

A light aircraft being operated by the Guyana Adventist Medical Aviation Services (GAMAS) crashed on the airstrip at Bethany in Region 1 (Barima-Waini), but no one was injured, the Guyana Civil Aviation Authority (GCAA) said Tuesday evening. The Cessna 182 aircraft upon landing, “hit a pile of dirt and flipped” at approximately 5:37 pm on Tuesday. Reports are that there ...

Release from the Civil Defence Commission: The Civil Defence Commission (CDC) received reports of flooding in the Mahaica-West Berbice Region (Region 5). The floods are as a result of above-normal high tides predicted at approximately 3.31 meters. The effects of the tides have been exacerbated by a breach in the Danzic sea defence dam. Over 200 meters of the structure ...

Working People’s Alliance co-leader, Economics Professor, Clive Thomas has labelled as “ignars” those in government who have rebuffed his proposed transfer of 10 percent after-tax oil revenues to households. Professor Thomas has proposed that by 2025 when Guyana’s oil production soars to about 1 million to 2.5 million barrels per day, each household should get US$5,000 every year. Guyana has ...

Police say they have arrested seven men and hauled in a high-powered gun, a silencer and several rounds of ammunition from a business place opposite Merriman’s Mall in the vicinity of Bourda Market. Officially, police did not name the location but News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News was told that the entity operates a security company and a ...

The Bank of Guyana (BOG) Tuesday night confirmed that it rejected the intended sale of Scotiabank’s (Guyana) operations to the Trinidad-headquartered Republic Bank, while at the same time assuring Scotiabank customers that their accounts are safe and that that financial institution could not just walk away from the country. “Nothing will happen to their accounts. Their accounts will remain safe,” ...

Fire early this morning left two persons dead and about 15 people out of work. One of the destroyed buildings, located near the Vreed-en-Hoop junction, was owned by 85-year old Fazal Raymond, the first Regional Chairman of Region Three. He was assisted out of the upper flat of his building by a family member. Fire Chief Marlon Gentle said fire ...

The Working People’s Alliance (WPA) appeared set to intensify its agitation for direct transfers of oil money to the poor and needy to be included in the manifesto of the incumbent APNU+AFC coalition, but refused to say what would be its next move if its idea is not taken on board. Already, Finance Minister Winston Jordan and former Finance Minister, ...