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Top Trinidadian business executive urges Guyana to guard against economic pitfalls of oil industry

A leading Caribbean business executive on Thursday warned Guyana to guard against possible economic pitfalls that can accompany the commercial production of oil. Addressing the formal opening of Massy’s Supermarket at Amazonia Mall, Providence, East Bank Demerara, President  and Chief Executive Officer of Massy Group, Gervase Warner urged Guyana to use its expected oil wealth wisely. “There is a lot ...

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Media, identity, financial protection hot on draft Cyber Crime Bill consultations

Concerns were Wednesday raised that the loss of money as a result of cyber theft at banks and other financial institutions  is not provided  for in the draft legislation currently under discussion. A stakeholder consultation was held for the second time when the draft Cybercrime Bill 2016 was discussed at the Pegasus Hotel Wednesday 16, 2016. Those in attendance included Minister of Legal ...

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Guyana eyes 50th Independence, Caricom Summit for increased spending

The Guyana government is partly banking on the 50th Independence anniversary and the Caricom Summit to trigger higher consumer spending and help revive a still sluggish economy. Shrugging off concerns in certain quarters that about GYD$300 million is being spent on the Jubilee activities, Finance Minister Winston Jordan called the amount of money allocated to the Ministry of Education “peanuts” ...

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Construction of Specialty Hospital to begin by mid-year

Construction of the controversial Specialty Hospital is expected to begin by year-end now that the Indian company, Fedders-Lloyd, has completed the design for the health care facility, Finance Minister Winston Jordan announced Wednesday. He told a news conference that a contract would shortly be negotiated with Fedders-Lloyd for the construction of the facility at Liliendaal, East Coast Demerara. The Finance ...

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Norwegian company picked to review Amaila Falls Hydro-power proposal

Guyana and Norway have picked a Norwegian company to review the financial model of the proposed Amaila Falls Hydro-power station which has been the subject of long-running political bickering between the government and the opposition. “A decision was recently made to utilize Norway’s largest consultancy firm ‘Norconsult’ for this review. With over 50 years of international experience in power generation ...

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Miner killed during pit cave-in at illegal mine

An 18-year old man was Monday afternoon killed after a mining pit at an illegal operation caved in on him, authorities said. Police identified him as Trenston Sebastian of Kurukubaru, Region 8. The Guyana Geology and Mines Commission said the incident occurred in the Konawaruk area Mining District 2 at a mining pit that was operating without approval. “It was also ...

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Fish processing plant for Guyana’s historic Afro-Guyanese village

Plans are underway to build a multi-million dollar fish-processing plant at Victoria, East Coast Demerara where at least 200 direct jobs could be generated. “We won’t be able to hire everybody out of Victoria but there will be a need for employment of people from the area,” Proprietor of Global Seafood Distributors and Chairman of the African Cultural and Development ...

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New York-bound Guyanese passengers no longer have to deplane in Jamaica

Passengers flying aboard Jamaica-based airline Fly Jamaica will no longer have to endure the painstaking experience of having to disembark the flight en route to the United States to undergo a second security check after leaving Guyana. The American policy implemented by their Transportation Security Administration (TSA) has been in place for a number of years, restricting all non-American airlines originating ...

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Fire destroys Avinash bond

Fire of unknown origin late Saturday night destroyed a bond belonging to Avinash, a local haberdashery chain. Fire Chief, Marlon Gentle told Demerara Waves Online News that investigators suspect that the fire was “deliberately set.”  He said no one was injured at the bond which is located between the LBI Public Road and Railway Embankment. A probe has so far ...

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Guyana’s state broadcaster now part of territorial defence mechanism

Guyana’s state broadcaster- National Communications Network (NCN)- has taken the first step to begin relaying radio and television programmes across the country via satellite, a move that Prime Minister Moses Nagamootoo said is partly linked to securing the country’s sovereignty. “Guyana is ours! All of Guyana is ours-our Essequibo and the rest of Guyana- so that now we have capacity ...

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