Business

Minister Jaipaul Sharma has been shifted from the Ministry of Finance to the Ministry of Public Infrastructure as its Junior Minister, sources said. Asked for the reason, the source would only say the move was “to enhance public administration”. Sharma, as Junior Finance Minister, had been named as having met with representatives of the Princess Group that at the time ...

The Guyana Police Force on Friday indicated that Minister of Public Infrastructure, David Patterson has been cleared of corruption and other allegations concerning the hiring of a Netherlands-based company that conducted a feasibility study for a new Demerara River bridge. The police force’s Special Organised Crime Unit (SOCU) received legal advice that there was no misuse of funds, no evidence ...

A technician and a driver were Tuesday electrocuted and two others were injured during the installation of surveillance cameras at the northern side of the Guyana National Stadium. Dead are 16-year old Krishna Chan, a technician employed with Smart Teck Solution located at Lot 11A Kersaint Park, LBI, East Coast Demerara, and a Canter driver named ‘Anthon’ of Buxton, East ...

Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the media after Akufo Addo was conferred with Guyana’s national award, the Order of Excellence by President David Granger, Harmon said the technical assistance cooperation would be provided free of cost. “This is very important ...

Former Minister of Natural Resources, Robert Persaud on Sunday said no government investigator has questioned him concerning the issuance of oil concessions and he and members of the then People’s Progressive Party Civic (PPPC) administration were not worried about an independent probe. Officials of the State Assets Recovery Agency (SARA) less than one month ago caused quite a stir locally ...

A three-year-old Tourism Development Fund (TDF) has raked in almost GYD$5 million that has been used in a couple of areas to help boost Guyana’s tourism product, but large hotels are yet to clear a hurdle to begin contributing to the vital cash source, President of the Tourism and Hospitality Association of Guyana (THAG) Mitra Ramkumar said Friday. The TDF ...

The Labour Department cannot afford the money to inspect oil exploration vessels offshore Guyana to ensure they are complying with the country’s occupational safety and health laws, Labour Department Consultant Francis Carryl said Friday. “When we can afford to go out there, we will go to see exactly what is happening and I doubt whether we can go more than ...

Sherod Duncan on Thursday resumed duties as General Manager of the Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle, a move that apparently prompted several staff members to sick out and craft a petition to President David Granger urging him to reverse Prime Minister Moses Nagamootoo’s decision. Opposition Leader Bharrat Jagdeo also on Thursday accused the Alliance For ...

A senior official in the leadership of the Alliance For Change (AFC) Wednesday night poured cold water on Prime Minister Nagamootoo’s instruction to the Guyana Chronicle’s Board of Directors to withdraw its decision to sack Sherod Duncan from the post of General Manager over alleged financial mismanagement. The official told Demerara Waves Online News on condition of anonymity that Duncan’s ...

Guyana on Wednesday ruled out funding the replacement of the ailing MV Canawaima ferry, saying the jointly-owned company with Suriname must use the money to repair the 20-year-old vessel. “There is no onus on Guyana to fund the replacement of the service either temporarily or permanently. The joint company has to ensure that the monies collected by or on behalf ...