Atlantic Hotel Inc. (AHI) and Republic Bank Ltd on Saturday announced the completion of the financial arrangements by Republic Bank for a syndicated borrowing of US$27M in debt financing for AHI. This is for the construction of the Marriott operated hotel and the shell of an Entertainment Complex. Republic Bank, on behalf of its consortium of lenders, has received its ...

Two baggage handlers have been arrested in connection with the discovery of 2.2 kilogrammes of cocaine in the baggage-hold of a Toronto-bound Caribbean Airlines (CAL) aircraft, a senior anti-drug agent said Saturday. The official said the baggage handlers are employed by a local handling company for  CAL at the Cheddi Jagan International Airport (CJIA). Charges could be laid against the ...

Lethem is experiencing widespread blackout for several hours due to a fuel shortage because a bridge collapse one week ago has prevented a tanker from continuing its journey to the southern border township. Region Nine Chairman, Wilson Lorentino hoped that workers would complete a bypass to allow the fuel tanker to leave the area. “Right now, I see a message ...

Even as uncertainty surrounds the future of Hotel Tower, the Ministry of Labour plans to investigate why workers there have not been paid wages and salaries for some time and take steps to ensure that this is done. Several workers, including managers and supervisors, on Saturday stood outside the front door of the Main Street, Georgetown property to vent their ...

Chaos broke out in the New Amsterdam prison Friday afternoon when a prisoner entered a number of cells and chopped at least four prisoners , leaving them in a critical condition. The perpetrator is known only as ‘Shoulders’.  A police source told Demerara Waves that around 5:30 PM the murder suspect, choked a prison warden into an unconscious state before ...

Guyana and Argentina on Friday announced a tourism training and management of protected areas exchange programme between the two South American countries. “All these initiatives follow into the broad goal of increasing the depth and scope of the technical cooperation between Guyana and Argentina, in this particular case in tourism and environmental protection and natural resources, and we are hoping ...

University of Guyana (UG) Vice Chancellor, Professor Jacob Opadeyi on Thursday confirmed that if the institution does not get money from the Student Loan Fund, a number of programmes might have to be stopped and lecturers sent home. Opadeyi confirmed that no new contracts would be issued to academic staff because of uncertainty surrounding parliamentary approval of money for the ...

A quantity of cocaine was Thursday afternoon found in the baggage hold of a Caribbean Airlines plane shortly after it arrived here from a sister Caribbean country, the Cheddi Jagan International Airport said in a statement. The airport authority said two packages of cocaine weighing 2.2 kilogrammes were discovered on a Caribbean Airlines flight destined for Toronto, Canada this afternoon, May ...

A woman, who allegedly attempted to smuggle a quantity of marijuana and cocaine to Barbados, on Friday pleaded not guilty to being in possession of narcotics for the purpose of trafficking. Anastasia Latoya Crawford,19, of 29  Fort Street, Kingston, was remanded to prison until May 27 when she would appear at the Sparendaam Magistrates Court. She was arrested on May ...

The Guyana Telephone and Telegraph Company (GT&T) on Friday teamed up with the Ministry of Culture in a GUY$10 million project aimed at promoting the country’s art collection. Curator at the National Art Gallery, Ohene Koama told Demerara Waves Online News that the themed Panorama-Portrait of Guyana -‘coffee table’ magazine would be sent to airlines, the National Library, government ministries ...