Business

The Guyana Manufacturing and Services Association (GMSA) on Thursday reiterated the need for cheaper electricity, a call that was backed up by the Inter-American Development Bank (IDB). President of GMSA, Shyam Nokta issued the call for a reduction in taxes on fuel at the formal opening of his organisation’s Annual General Meeting held at the Marriott Hotel. “Tax measures introduced ...

The Guyana Geology and Mines Commission (GGMC) is considering the commercial mining of gold using mercury-free recovery methods such as the one that South Africa is offering to provide this country, ministers from both countries said Wednesday. Guyana’s Minister of Natural Resources, Raphael Trotman said he was aware that the GGMC has been discussing the possibility of becoming a gold ...

The Guyana Bauxite and General Workers’ Union (GB&GWU) on Wednesday reinforced its demand for a two-week old industrial dispute to be settled by  arbitration, even as aggrieved workers blocked the Berbice River where barges collect bauxite. GB&GWU General Secretary, Lincoln Lewis said he formally asked Senior Labour Minister, Amna Ally to activate compulsory arbitration whose findings and recommendations would be ...

The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) has sent home 30 more workers and said they would be paid, while those who remain on strike and are obstructing and threatening others who are going to work will not be rehired. Senior RUSAL officials also told Ministers of Labour, Amna Ally and Keith Scott,  and Chief Labour Officer, ...

The Chief Executive Officer of the Guyana Telephone and Telegraph company (GTT), Justin Nedd on Tuesday avoided questions about the cause of the Blaze  high-speed data billing problem, and the number of landline services. “You have no respect for people” was Nedd’s reaction in the presence of two other senior company officials when Demerara Waves Online News took advantage of ...

Minister of Business, Dominic Gaskin on Tuesday disclosed that Guyanese might go to the polls later this year to elect a new government of their choice. Addressing a forum on “Oil and Gas Development in Guyana”, at Rice University’s Baker Institute for Public Policy in Houston, Texas, Gaskin noted that elections are usually held every five years unless some constitutional ...

The state-owned Guyana Gold Board (GGB) is further decentralising its operations by deploying roving representatives in mining communities, General Manager Eondrene Thompson announced Monday. The GGB’s main office is located in Georgetown and a satellite office in Bartica, in addition to agents who are licensed dealers. But Thompson said her entity wants to buy all of the precious yellow metal ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday reported that its members have so far experienced a significant decline in business activity due to political uncertainty associated with the no-confidence motion. GCCI President, Deodat Indar told Demerara Waves Online News that a two-question questionnaire was administered online to its 240 members. However, Indar did not state how many ...

Guyana should ensure there are tight regulatory frameworks when dealing with Chinese investors to minimise the possible bribery of public officials, Research Professor of Latin American Studies at the US War College Strategic Studies Institute, Dr Evan Ellis stated recently. Delivering the 11th Vice Chancellor’s Renaissance Lecture on the topic “Transnational Organised Crime and Regional Security Dynamics in Guyana and ...

Senior Minister of Labour, Amna Ally said government expected that RUSAL-BCGI would reinstate the 61 workers who were dismissed last week Monday because they went on strike for higher pay, fringe benefits and better working conditions. In a meeting with branch representatives of the Guyana Bauxite and General Workers Union (GB&GWU) at Maple Town, Aroaima, Ally said the company could no ...