Internet Radio

Business

Proposals floated to sell off several sugar estates, shed non-core operations

Proposals to sell off a number of estates of the bankrupt state-owned Guyana Sugar Corporation and shed non-core operations like drainage and health services were Saturday shared with the unions and the opposition People’s Progressive Party Civic (PPPC). The talks come against the background of claims and counter-claims for the poor state of the industry. They include the 36 percent ...

Read More »

PPP ready to discuss Amaila Hydro power project; Cabinet has more work to do

Opposition Leader, Bharrat Jagdeo’s office on Thursday accused government of shifting the goal-post from financial to technical reasons for opposing the Amaila Falls Hydro Power (AFHP) project, while at the same time signalling that the People’s Progressive Party (PPP) was willing to hold talks about recommendations to revive the more than US$800 million project. “The PPP wishes to see AFHP re-start ...

Read More »

Amaila Hydro Power is Guyana’s best option but technical drawbacks found; need for political consensus to attract new investors- Norwegian experts

Norwegian experts have confirmed that the proposed 165 megawatt Amaila Falls Hydropower station is the best option for Guyana to wean itself off of fossil fuel generation and has recommended that government quickly makes a decision and, together with the opposition, reach consensus before renewing a search for international investors. “In order to establish broad interest among well experienced and ...

Read More »

Full surveillance of Guyana’s airspace expected in 2017, says head of Air Navigation Services

Guyana will soon be able to fully monitor its airspace, according to the Civil Aviation Authority’s Air Navigational Services Director, Rickford Samaroo, who said the 2017 allocation of $350M will aid in the installation of four other navigational stations. Those stations, according to Samaroo, are to be located at Port Kaituma, Kamarang, Kaieteur, and Annai. Already, the Timehri surveillance system, ...

Read More »

Dynamic Airways Guyana operations to be reviewed, to determine way forward- Civil Aviation authority

Guyana’s Civil Aviation Authority will be reviewing the operations of Dynamic Airways in Guyana in order to find an effective way forward, according to CAA’s  Director- General, Egbert Field. He said the aviation body is awaiting a report from Dynamic Airways on the Georgetown and New York weekend delays affecting some 400 passengers. “To give definitive answer as to what ...

Read More »

CAL, Fly Jamaica planes at CJIA accident still under investigation- Civil Aviation head

Investigations are still ongoing in the recent accident at the Cheddi Jagan International Airport where an incoming Caribbean Airlines plane clipped the tail of a parked Fly Jamaica plane, according to head of the Civil Aviation Authority, Lt. Col. (Ret’d) Egbert Field. “The investigation is still ongoing and the Accident Investigation Group is actively proceeding with that investigation,” Field told ...

Read More »

Vandalism will trigger parking meter alarms; paid parking begins on January 9

Despite lingering opposition to the introduction of parking meters in Georgetown, the company – Smart City Solutions (SMS)- on Wednesday said it was prepared for vandals because the high-tech meters will trigger alarms remotely on impact. Amir Oren Managing Director of Business Development (Global Operations) sought to dispel concerns about vandalism because none of the meters would contain cash. “It ...

Read More »

Govt budgets GY$250 million to build new drugs bond

The Ministry of Public Health will this year construct a new bond to store medical supplies, even as it has allocated GYD$150 million to next year continue renting the controversial bond at Sussex Street, Albouystown from a businessman. During consideration of the 2017 Budget estimates of expenditure, Public Health Minister George Norton announced that GYD$250 million have been set aside ...

Read More »

ExxonMobil hires Dutch-headquartered company in “key step” towards oil production in Guyana

ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Tuesday announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production. Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO, and, subject to a final investment ...

Read More »

GPL workers get 5% pay hike, other benefits

​Guyana Power and Light (GPL) workers will before year-end take home a five percent across-the-board increase and other benefits, in a breakthrough one day after technicians downed tools. President of the National Association of Agricultural, Commercial and Industrial Employees (NAACIE), Kenneth Joseph said in addition to the 5% across-the-board increase, the power company workers will get a 3% in-scale movement. ...

Read More »