https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Author Archives: Denis Chabrol

AFC calls for international audit probe into procurement of contracts

The Alliance For Change (AFC) on Sunday urged the Guyana g0vernment to hire international auditors to investigate the award of large-scale contracts, in the wake of an American news feature that cast the spotlight on alleged underhand dealings mainly with Chinese investors. The AFC’s call was triggered after news circulated earlier Sunday based on a Vice News report in which ...

Read More »

Indar indicates Western Logistics company documents stolen before burglary, as he dismisses conflict of interest claims

Minister of Public Works II, Deodat Indar on Sunday related that the privately-owned Stabroek News newspaper has been informed that it was in possession of stolen company documents. That was although they were obtained from the Registry weeks before a burglary occurred, even as he dismissed claims of conflict of interest in the oil and gas sector. The company involved ...

Read More »

Guyanese accused cocaine trafficker arrested on arrival in Kenya; deported to US

The Guyanese national who was arrested two days ago at the Jomo Kenyatta International Airport has been deported to the United States to face justice on drug-related charges, the Kenya Broadcasting Corporation reported on Sunday. According to the Directorate of Criminal Investigations (DCI) Christopher Richard Spencer was deported Saturday night to the US via a New York-bound flight. The fugitive ...

Read More »

Jagdeo takes aim at Su in alleged bribery-for-investment scandal; to evict him from house

Vice President Bharrat Jagdeo on Sunday fended off fresh claims that he takes bribes from Chinese investors and said he would possibly take legal action against Guyana-based Chinese businessman, Su Zhi Rong for sullying his name and engaging in extortion. “Su denied having said this. Now, I have seen the release that he has actually said this so now I’ll ...

Read More »

Jagdeo says facilitates investments, amid Su claims of under-the-table “processing” fee

Vice President Bharrat Jagdeo has indicated that he facilitates investment deals but does not get into the actual financial transactions, during facilitation talks at his residence by Chinese businessman, Su Zhi Rong, in the presence of Vice News journalists posing as Chinese investors who were interested in a large scale investment opportunity for prime lands that could accommodate a hotel ...

Read More »

Torginol the official paint of International Building Expo 2022 prepares to display new products, techniques

The 60-year-old Torginol Paints Inc is poised to display several new products and techniques at the upcoming International Building Expo slated for July 22-24 for which it is the official paint. “This year, we will be showcasing our new developments, which have been part of our Research and Development, and we will be showing new technologies and new developments in ...

Read More »

Norton’s gas price subsidy is “cake-shop” economics – Jagdeo

Vice President Bharrat Jagdeo on Wednesday frowned on Opposition Leader Aubrey Norton’s proposed subsidy on the price of gasoline in order to ease the rising cost of living. Mr Norton specifically recommended that the government should ensure gas prices do not increase above a determined level by compensating suppliers for any price increases where the excise tax reductions have already ...

Read More »

Oil spill insurance pegged at US$600 million “per event” – Jagdeo

The ExxonMobil-controlled consortium that is exploring and producing crude oil in the offshore Stabroek Block has agreed to take out a US$600 million insurance “per event” to cater for any oil spill clean-up, even as talks continue for a US$2 billion parent company guarantee, Vice President Bharrat Jagdeo said Wednesday. He told a news conference that consortium named Esso Exploration ...

Read More »