The Chairman of the Board of Directors of Banks DIH Limited, Clifford Reis Saturday evening defended the sale of the company’s shares in Banks Holdings Barbados to SLU Beverages, a subsidiary of Brazil’s Ambev, saying it was a wise business decision. One of the written questions posed at the company’s 60th Annual General Meeting held at Thirst Park was why ...

Investment analysts at Clarus Securities reduced their FY2016 earnings estimates for shares of Guyana Goldfields in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Clarus Securities analyst J. Spratt now expects that the firm will post earnings of $0.26 per share for the year, down from their previous estimate of $0.31. Several other ...

Euronews has announced it will be extending its reach in the Caribbean thanks to a deal with Digicel Play in Jamaica and Trinidad & Tobago. Euronews’ English service will be fully available for the first time in Jamaica thanks to Digicel Play and will extend its distribution in Trinidad& Tobago thanks to Digicel. Euronews is currently broadcast to 722,000 households in the ...

Urban entertainment and global media group, TRACE, has inked an agreement with total communications and entertainment provider, Digicel, making TRACE Urban, the first international urban music channel, and TRACE Sport Stars, the world’s premier sport celebrity channel available on Digicel Play, its fibre TV service in Jamaica and Trinidad & Tobago. In a statement issued by Digicel, the company says ...

The Customs Anti Narcotics Unit (CANU) Friday night refuted claims in a High Court action filed by an outgoing Guyanese passenger to New York that its agents seized jewellery and detained him for four hours resulting in him missing his flight. CANU Head, James Singh said none of his anti-drug agents was involved in the seizure of jewellery from Richard ...

The Transparency Institute of Guyana (TIGI) Friday railed against the Ministry of Education’s Department of Culture, Youth and Sport for failing to address a complaint that the State-owned steel pans were being allegedly misused by staff. “TIGI, as an organization committed to eradicating corruption in Guyana, is appalled and disappointed at the sloth demonstrated in investigating and reporting on such ...

The Guyana Telephone and Telegraph (GTT) appeared set to go ahead with offering a voluntary retirement package of a 100 percent payout of pension contributions to employees who are 55 years old and have served the company for at least 10 years. In a statement issued by the telecoms provider, no mention was made of giving into the demand by ...

A man is suing the State for GYD$10 million because agents of the Customs Anti Narcotics Unit (CANU) allegedly seized his jewellery at the Cheddi Jagan International Airport (CJIA) and caused him to miss a New York-bound flight in violation of Guyana’s Constitution. Through his lawyers, Richard Ramjit of Bissoon Street, Better Hope, East Coast Demerara, he said CANU agents ...

A member of the Guyana Police Force’s Special Weapons and Tactics (SWAT) Team was Friday arraigned on a charge of illegal possession of guns and ammunition. Quacy Sampson pleaded not guilty to the charge after it was read to him by Chief Magistrate Ann Mc Lennan. The charge against the 35-year old man of Kitty, Georgetown is that on December ...

The Mon Repos branch of the Bank of Baroda was Friday afternoon robbed by three masked men armed with a handgun, Head of the Criminal Investigations Department, Senior Superintendent Wendell Blanhum said. The five-minute incident occurred at about 12:50 PM. He said the RK Security Guard, who was on duty at the time, was relieved of her .32 service firearm. Police ...