Business

A company that was awarded a GY$717 million contract to build a pump station at A-Line, Goed Fortuin, West Bank Demerara now has to pay liquidated damages because the 12-month project has been stalled beyond its original completion date by 10 months, the National Drainage and Irrigation Authority (NDIA) said Friday evening. “In the case of the A-Line Pump station, ...

Numerous Guyana Telephone and Telegraph Company (GTT) residential and commercial fibre optic internet subscribers are without service after a fire at a huge heap of garbage on Robb and Alexander streets destroyed several telecoms cables. GTT could not immediately say how many areas in Georgetown were experiencing the Internet outage that began around 3 PM Wednesday. “Several fibre services within ...

One of Guyana’s indigenous banks, Demerara Bank Limited, has expanded its “footprint” to St Lucia where the laws allow financial institutions to focus on investment banking, according to Chairman of the DDL Group of Companies, Komal Samaroo. “We do have a subsidiary in St Lucia but that is for the purpose of investment and looking at opportunities in the region ...

By Peter Richards BRIDGETOWN, Barbados, Apr 23, CMC – President of the Barbados-based Caribbean Development Bank (CDB), Dr. Hyginus ‘Gene’ Leon, has resigned with “immediate effect” from the regional financial institution. According to a three page letter sent to the Bank by his St. Lucia-based lawyers, Leon is of the opinion that “he will never be treated fairly” after he ...

An Air Europa passenger jet — en route from Lima, Peru to Madrid, Spain — made an emergency landing at the Cheddi Jagan International Airport (CJIA) on Monday afternoon because one of the passengers fell ill, officials confirmed. “The aircraft declared a medical emergency on board and as such, an emergency landing was instituted. The airport’s ambulance was on standby to ...

The University of Guyana’s (UG) Faculty of Engineering and Technology has received its first international accreditation for the Associate of Science in Petroleum Engineering and the Bachelor of Science in Petroleum Engineering from the London-based International Energy Institute, UG said Sunday. UG hosted the five-man accreditation evaluation visit and team in February when the favourable verbal report was given ahead ...

Leader of the People’s National Congress Reform (PNCR), Aubrey Norton on Sunday promised Amerindians more political autonomy and benefits should the opposition coalition that includes his party win next year’s general and regional elections. “There is no sense in talking about you like the Indigenous People, you support them but there is no programme to empower them economically,” he told ...

The Offshore Patrol Vessel, GDFS Shahoud, finally arrived in Guyana on Sunday and docked at the Guyana Defence Force’s Coast Guard headquarters at about 10:30 AM, well-placed sources said. Modeled as the 115 Defiant, the vessel should have arrived in Guyana last year October, but that was shifted to February, 2024. However, sources said the vessel, made by the American ...

Vice President Bharrat Jagdeo on Thursday assured Guyanese that they would not be paying more for electricity, although government is leasing a 36 megawatt electricity generation ship. “There will be no increase in the price for electricity because of this rental,” he told a news conference. Mr Jagdeo explained that under the deal with Urbacon Concessions Investment (UCI), the state-owned ...

Opposition parliamentarian, Shurwayne Holder on Thursday refused to attend a meeting with government to discuss the state of the electricity sector, instead saying that the bipartisan parliamentary Economic Services Committee (ESC) is the proper place for an update. “I will not be attending that meeting. I believe that if they want to give an update, they can hold a press ...