Internet Radio

Business

Guyana unveils solar energy plan; Mabaruma to get first solar farm

Guyana will next year construct the first solar farm as part of a larger plan to reduce the country’s fossil fuel bill and  prevent carbon emissions. “To complement public sector investment, the Government will be granting a one-off tax holiday of two years for corporation tax to importers of items for wind and solar energy investments, and for investors in ...

Read More »

Guyana records economic decline

Guyana’s economy  will record a 2.6 percent growth  in 2016 due to a decline in some prices and lower growth in several sectors, Finance Minister Winston Jordan announced on Monday. Delivering the 2017 National Budget, he told the House that the economy contracted from a projected 4.4 percent to a mid-year 2 percent and a further overall decline to 2.6 ...

Read More »

GTT’s Mabaruma phone service restored

After weeks of disconnected land-line and shaky cellular connection in Mabaruma from Guyana’s only land-line provider, residents of Mabaruma, North West District are breathing a sigh of relief after the community of 300 subscribers was finally reconnected last Sunday. Reports reaching Demerara Waves Online News suggest that residents were left out of the loop for quite some time about what ...

Read More »

ExxonMobil gearing up to hire more Guyanese

ExxonMobil has dismissed suggestions that Guyanese are not being hired, and has announced a plan to train and recruit locals for ongoing preparatory work and actual commercial production. Country Manager, Jeff Simmons said the evidence shows that ExxonMobil is not interested in importing foreigners instead of Guyanese. “One common mis-perception is that we don’t want to have local content, we ...

Read More »

ExxonMobil rules out oil refinery at current levels

ExxonMobil has ruled out building a refinery in Guyana because the amount of oil found here is too small to support such a venture. Delivering a presentation to the Guyana Manufacturing and Services Association (GMSA) Awards and Dinner, the Country Manager of ExxonMobil’s local subsidiary- Esso Exploration and Production Guyana Limited- Jeff Simons said the projected production of  about 100,000 barrels per ...

Read More »

Govt must go after money launderers to pass next FATF test – Jagdeo

Opposition Leader Bharrat Jagdeo is not buying the position of Attorney General Basil Williams that Guyana is in the green zone for compliance with the global push for anti-money laundering regimes. “If we lull ourselves into a sense of false security, then we are going to repeat a lot of the mistakes made by the Attorney General, and we are ...

Read More »

Nothing secret about D’urban Park project – company formed to fast-track completion because no cash was allocated – Granger

President David Granger Thursday said Homestretch Development Incorporated (HDI) was established solely to facilitate completion of the D’urban Park Development Project in time for Guyana’s 50thIndependence Anniversary celebration in the absence of budgetary allocations, following the May 2015 elections.  The Head of State, in a statement issued by his ministry  admitted that while this may have been an unusual course ...

Read More »

Pay police, soldiers, public servants a one-month bonus- Jagdeo

Opposition Leader Bharrat Jagdeo on Thursday called on government to pay members of the Disciplined Services and public servants a one-month bonus because there is sufficient money in the treasury. The former Guyanese leader was unabashed about his motives for the suggestion- political support and economic stimulation. “If we get the political sympathy, that’s a bonus but who would not want political ...

Read More »

Opposition Leader’s office gearing up to protest contracts at Public Procurement Commission

Opposition Leader, Bharrat Jagdeo on Thursday announced that his office would help protest the award of multi-million dollar contracts by the Public Procurement Commission (PPC). Now that the public procurement commission (PPC) has been established, Jagdeo has instructed members of his camp to investigate cases which warrant protests so that his office can follow through with those protests at the ...

Read More »

Dutch firm to conduct feasibility for new Demerara Harbour Bridge

A Dutch firm has been selected to conduct a feasibility study for the construction of a new fixed high-span bridge across the Demerara River. Minister of State, Joseph Harmon said Leivencse CSO’s feasibility study will examine the possibility of a public-private partnership. “This is the final stage of feasibilities before you actually get to construction,” Harmon told a post-cabinet news ...

Read More »