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Business

Guyana expects increased marine traffic with availability of high-tech nautical maps, charts

Mariners can now get updated nautical maps and charts to aid them in navigating part of the Demerara River safely through a  British-funded US$1.1 million hydrographic survey, paving the way for increased traffic of boats and ships with larger amounts of cargo,  the Maritime Administration (MARAD) said Tuesday. “The first phase of the project entailed an examination of the depth ...

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30 Berbicians to be trained by CGX oil company

CGX Energy Inc. has announced their intention to contribute to the capacity building of Berbice residents in the oil and gas sector. Dr. Suresh Narine, Executive Chairman of CGX Energy Inc., announced that 30 Guyanese from the Berbice area will be trained in geo-chemistry. He remarked that the decision comes at the time when the company is moving ahead with ...

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GTT did not threaten legal action to force disconnection of Digicel’s Suriname data link- Nedd

The Guyana Telephone and Telegraph Company (GTT) has denied any involvement in recent actions by the Surinamese telecoms authority to pull the data sharing service that was being provided to its competitor, Digicel Guyana. The company’s Chief Executive Officer (CEO) Justin Nedd made this clear at a media briefing at the Herdmanston Lodge, just over a week after Digicel’s data ...

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“E-Networks is carving for itself a place on the national spectrum” – PM Nagamootoo

Congratulating the E-Networks company as a leader in innovative cable television services, Prime Minister Moses Nagamootoo said it pioneered the transformation of quality services via cable and high definition fibre optics. On the evening of October 5, the telecommunications company celebrated its 15th anniversary with a gala cocktail at the Marriott Hotel, Kingston Georgetown. The Prime Minister was quoted by ...

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Suriname shuts down Digicel’s microwave data link with Guyana, causing mobile data service blackout

The Suriname government has shut down what it deems to have been an illegal microwave link that supplied data from Digicel (Suriname) to Digicel (Guyana), causing  a massive interruption of data services on Digicel’s Guyana network over the last few days. The Guyana Telephone and Telegraph Company had threatened legal action against Surinamese authorities, forcing them to move in and shut ...

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Guyanese oil sector companies lining up to acquire international standards certification

ExxonMobil’s Centre for Local Business Development (CLBD) on Wednesday announced that several other Guyanese companies in the oil and gas sector have begun taking steps to achieve internationally recognised quality management and assurance standards. The announcement was made at the unveiling of International Standards Organisation (ISO9001:2015) standard for Guysons Engineering, the first Guyanese company to have acquired such a standard ...

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GRA seizes 17,000 gallons of smuggled diesel aboard fishing vessel converted to transport fuel

Law Enforcement and Investigation Division (LEID) officers of the Guyana Revenue Authority (GRA) seized 80,000 litres (17,597 gallons) of diesel aboard a fishing vessel that was converted to  ship fuel, the agency said. “The officers conducted a rummage of the vessel and it was discovered that even though the intended use of the vessel was listed as “fishing purposes”, the ...

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‘Operation Crackdown’ on bad mining practices that are causing deadly pit cave-ins

The Guyana government has begun what could turn out to be  a major crackdown on mining practices that have been causing mining pits to cave in and killing miners, the Ministry of Natural Resources indicated. The Ministry of  Natural Resources Ministry said its Compliance Division’s Corp of Wardens, and the Guyana Geology and Mines Commission have been tasked to “address problems ...

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CreditInfo warns of risk of ‘taking out’ hire purchase items for other persons who do not pay up

Guyana’s lone credit bureau, CreditInfo, is warning of the risk of buying products on hire purchase for other persons because their failure to pay their installments can determine the terms on which banks and other lenders might you money or give you credit. Chief Executive Officer (CEO) of CreditInfo Guyana, Judy Semple-Joseph told a recent forum organised in Buxton by the International Decade ...

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Guyana nears decision on new fuel supplier following closure of Trinidad’s refinery

The Guyana government is wrapping up its search for a new source of fuel supplies, following the closure of Trinidad and Tobago’s state oil refinery, Petrotrin, official said. Public Infrastructure Minister, David Patterson told Demerara Waves Online News that Petrotrin has agreed to supply Guyana until the end of October, 2018 by which time government must find another source for ...

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