Business

Demerara Distillers Limited, DDL, on Friday announced that after much deliberation, the company decided not to submit a bid for the Enmore Sugar Estate over its inability to find the right due diligence model. The announcement comes after the Special Purpose Unit (SPU) of the National Industrial & Commercial Investments Limited (NICIL) announced that the tender for the sugar estates, ...

The Special Purpose Unit of the Guyana government’s holding company for government assets on Friday released the names of the five companies that have bid to buy out the four estates of the state-owned Guyana Sugar Corporation (Guysuco), but did not disclose the details of the entities. A senior official of Demerara Distillers Limited (DDL) did not tender for Enmore ...

Town Clerk Royston King was Friday upbraided for merely having verbal agreements with a number of private contracting companies instead of written contracts for multi-million dollar works Among them is a deal with XL Engineering or GYD$150 million on the basis of a verbal agreement, he told the Commission of Inquiry into operations of the Mayor and City Council, among himself, ...

Several companies, including a United States (US) company with Middle Eastern connections, have bid to buy three of the six sugar estates owned by the Guyana government, on condition the buyers would continue to plant sugarcane and guarantee local employment, officials said Thursday. Managing Director (Deals) of PricewaterhouseCoopers Tax and Advisory Services Limited, Wilfred Baghaloo said the prospective investors, before ...

The National Assembly Wednesday night unanimously approved  GY$2.451 billion to pay remaining severance to 4,723 sugar workers who have been laid off with the closure of several estates across the country. The results of a division (count) showed that 62 parliamentarians voted in favour of the amount after a spirited series of questions posed by the People’s Progressive Party’s Komal ...

The People’s Progressive Party Civic (PPPC)-led administration spent almost GY$100 million on medical and dental expenses from 2012 to 2014, but Health Minister Volda Lawrence could not immediately say how much her ministry was paying in 50 percent insurance premiums for ministers and their families. In response to questions by opposition PPP parliamentarian, Juan Edghill, the Health Minister said in ...

Finance Minister, Winston Jordan on Wednesday hinted that government workers would receive salary increases when in 2020 when Guyana begins producing oil estimated to rake in about US$300 million in that year. “I foresee improvements in the social and economic status of Guyana. I foresee progressive improvements in the human, cultural and every other developmental aspect of the country,” he ...

Velda Addison Senior Editor, Digital News Group Hart Energy Wednesday, October 31, 2018 – 12:28pm Partners Exxon Mobil, Hess Corp. and CNOOC Nexen Petroleum are making progress toward development of the hydrocarbon bounty discovered offshore Guyana. “This month a second exploration vessel, the Noble Tom Madden, arrived to accelerate exploration and appraisal activities on the block starting with the Pluma prospect located 17 ...

Police in Grenada have confirmed that a Guyanese man died aboard the MV Ocean Trader – a Guyanese registered ship- that was docked in Grenada last weekend. Dead is 41-year old Permanand “Short Man” Permaul. The vessel departed that Caribbean island Tuesday evening following the completion of an investigation by Grenadian law enforcement agents An official from the Grenada Port ...

Residents of a section of Robb Street, Georgetown on Tuesday night complained to inspectors of the Environmental Protection Agency (EPA) that a very loud humming sound from generators at Teleperformance call centre was disturbing them from resting. The EPA inspectors used noise meters to conduct almost four-hour long tests outside the Teleperformance building and the neighbourhood, in response to concerns ...