Business

As Oldendorff Carriers, which transships bauxite from RUSAL’s mines in the Upper Berbice River,  prepares to close operations in Guyana in early June if the United States (US) does not soften its sanctions on Russia, the union is preparing to seek compensation for an estimated 200 workers who could be laid off. Following talks with the Ministry of Natural Resources ...

NOBLE BOB DOUGLAS: A drill-ship that is a home away from home for not only the mostly foreign workers, who are currently, searching for more oil offshore Guyana, but also for the 14 Guyanese who have clinched jobs either directly with Noble or through sub-contracting arrangements for catering and logistics. Either way, their local training and experience at institutions such ...

Hinterland airstrips will soon be bright and easily accessible at nights with use of rechargeable lights that will better facilitate use by aircraft at nights. For years, insufficient lighting on several hinterland airstrips has significantly hindered flights entering and leaving the hinterland regions at nights, especially during emergencies. Recognising that, Minister of Public Infrastructure, David Patterson said efforts are ongoing ...

Director of the State Assets Recovery Agency (SARA), Professor Clive Thomas on Friday said information provided by several foreign agencies was being converted into evidence to build solid cases to recover cash and other properties locally and overseas. “That’s what we are doing most of the time. That’s what make the cases long- have to convert the information into evidence…That’s ...

The Board of the Guyana Geology and Mines Commission (GGMC) has recommended temporary closure of that entity until the environment is scrubbed of all mercury residue and the Guyana Gold Board (GGB) removes the laboratory that emits mercury while burning gold being bought from miners, a top GGMC official said. Chairman of the GGMC’s Board of Directors, Stanley Ming said ...

The Head of the State Assets Recovery Agency , Professor Clive Thomas says evidence from international law enforcement agencies have revealed a “massive scale of corruption and money laundering” during the period that Bharrat Jagdeo served as Guyana’s President. “Documents received from external Law Enforcement Agencies such as Interpol, Homeland Security and CFATF (Caribbean Financial Action Task Force) have shown the ...

Oldendorff Carriers, the German-headquartered bauxite transshipment company that employs almost 200 Guyanese, has reportedly decided to shut down its operations in Guyana because of United States (US) sanctions against Russian Aluminium (RUSAL). Tradewindsnews reported that Oldendorff told that publication that it “will fully comply with US sanctions and therefore will be winding up its business in Guyana in a timely ...

The Uitvlugt Estate- one of the three estates remaining under the state-owned Guyana Sugar Corporation (GuySuCo) management after the downsizing- met and surpassed its production target for the first crop of 2018, authorities said Thursday. The Special Purpose Unit of the National Industrial and Commercial Investments Limited (NICIL-SPU) and GuySuCo said in a joint statement that Uitvlugt produced a total of 7,011 ...

Even as the Guyana government slammed the People’s Progressive Party’s (PPP) filing of private criminal charges of misconduct in public office against two government ministers as an effort to distract the public from its record of corruption, Opposition Leader Bharrat Jagdeo said more charges would be filed against other ministers. “The charges that were filed today against the current and ...

The reintroduction of metered parking in Georgetown is unlikely to get central government’s approval when Local Government Minister, Ronald Bulkan considers the revised contract between City Hall and Smart City Solutions along with bylaws to govern paid parking. Bulkan told Demerara Waves Online News in an exclusive interview that he would have to examine the contract first before he could ...