Business

Guyanese are increasingly trusting the country’s electronic wallet system, Mobile Money Guyana (MMG), which allows people to send and receive cash or pay bills Online, according to MMG General Manager Bobita Ram. She said 50 percent of GTT’s bill payments were now being done through MMG and more than 35 percent of water and electricity payments are being done through ...

The Guyana government and one of India’s leading engineering companies on Wednesday inked a US$155.99 million contract to provide to provide Engineering Procurement and Construction (EPC) services for  transmission lines and substations for the Natural Gas Liquids plant and the 300 megawatt natural gas power plant at Wales, West Bank Demerara, the Indian High Commission said. The deal was inked ...

GTT’s conneX voice and data bundle for businesses now accounts for 60 percent, as a result of engaging businesses in organisations and the general public,  Chief Operations Officer, GTT’s Business Solutions, Orson Ferguson said Tuesday. He said the voice, data and mobile bundle service on one bill, branded as conneX was developed after “businesses told us this is what we ...

A recent study shows that telecommunication companies in the Caribbean are operating at a loss due because people are making more calls, mostly international calls,  via Over-The-Top (OTP) services and the majority of data are being consumed through Social Media, according to a senior representative of the Caribbean Association of National Telecommunications Organisations (CANTO). “As Caribbean people, we should reject ...

At least two well-known members of the People’s National Congress Reform (PNCR) are defending the Mohammeds- Nazar and his son Azruddin- in the face of an international news agency’s report that they were being investigated by the United States (US) for allegedly being involved in multi-million dollar money laundering, gold smuggling and narco-trafficking. A Reuters News agency report quotes unnamed ...

Cayenne could emerge as a hub for aviation traffic from Europe to the Guianas, and already there is a likelihood of flights from Guyana to French Guiana,  according to France’s Ambassador to Guyana. Nicolás Bouillane de Lacoste. Alluding to the emerging oil and gas sectors in Guyana and Suriname as well as changes in French Guiana he said there was ...

The European Union (EU) is providing a new model of infrastructure pr0ject financing to Guyana and other Caribbean and Latin American countries that will see the bloc continuing to provide grants with the expectation that international and regional financial institutions will inject massive amounts of cash for larger projects, EU Ambassador to Guyana René van Nes said Thursday. “This is ...

A Guyanese gold miner is wanted by Brazilian Federal Police for allegedly being involved in laundering at least US$16.9 million (R$80 million) from illegal gold sales through shell companies in Brazil, according to reports in the neighbouring South American nation. Head of the Guyana Police Force’s Special Organised Crime Unit (SOCU), Assistant Commission Fazil Karimbaksh told Demerara Waves Online News ...

Guyana is still awaiting a reply from the United States Department of Agriculture to several submissions aimed at having that North American country lift an almost six-year old ban on catfish, according to Agriculture Minister Zulfikar Mustapha. With Guyana having recently updated its previous submission, he said the Ministry of Agriculture was awaiting word from the Department of Agriculture’ Food ...

The bipartisan parliamentary Public Accounts Committee on Monday said the Guyana Police Force breached the Procurement Act by paying all of the GY$123.344 million to the same supplier for four contracts within one month of the award although none of the items had been delivered. “That was a breach of the Procurement Act. You can’t pay upfront all of the ...