Business

The Guyana government cannot afford a 20 percent wage and salary increase because the public sector wage bill is already high and any such pay hike will reduce the purchasing power of more dollars in hand, a banking and finance analyst said. He argued that the 7 percent wage and salary increase retroactive to January 1, 2020 is decent because ...

The Guyana Power and Light (GPL) and the Chinese business community have transformed Main Street  Avenue into a nighttime kaleidoscope of colours for the Christmas Season. Chief Executive Officer of GPL, Bharat Dindyal told Demerara Waves Online News/ News-Talk Radio Guyana that the Chinese Association of Guyana and Main Street occupants have contributed to the beautification and illumination of the ...

Demerara Distillers Limited (DDL) on Saturday night called for tighter security of transshipped exports, even as it remained confident that about 1, 000 pounds of cocaine were not placed in the shipping container of rum before it left Guyana. The Guyana Revenue Authority and the Customs Anti-Narcotics Unit (CANU) have also both said that hard evidence shows that nothing illegal ...

The Customs Anti-Narcotics Unit (CANU) on Tuesday night strongly hinted that approximately 1,100 pounds of cocaine were loaded in a shipping container with El Dorado Rum in another Caribbean country before it was busted in Rotterdam last week. The law enforcement unit of the Ministry of Home Affairs said that “there was no sign of tampering” of the container in ...

Workers of Banks DIH will get a nine percent pay increase for this year, as part of a three-year agreement between management and the Guyana Workers Union (GWU), the company said. According to the company, which is one of Guyana’s leading manufacturers, workers would get five percent in 2022 and three percent in 2023. The signature of the Memorandum of  ...

Trinidad and Tobago’s  Energy Minister, Stuart Young on Tuesday warned Guyana and Suriname about opportunists who would like to take advantage of the oil sector, even as he urged said government was ready to work with his c country’s Energy Chamber to provide services to other Caribbean nations. Addressing the  first Policy Forum organised by the Energy Chamber of Trinidad ...

Veteran Guyanese aviator and aviation educator, Captain Malcolm Chan-a-Sue died early Monday morning, almost one month after a speeding minibus slammed into the car he was driving in Kingston, Georgetown. Guyana’s aviation community was almost immediately plunged into mourning. Director-General of the Guyana Civil Aviation Authority, Retired Lt Col. Egbert Field expressed deep sadness at the passing of someone he ...

The Suriname-headquartered SEOS Solutions has teamed up with the Guyanese-owned value-added wood products company, Floor-It, in a US$1 million investment in Guyana that will focus on improved lighting and energy efficiency. Chief Executive Officer of Floor-It, Andre Cummings said SEOS International would be providing the “missing link” for his wood products. “The home improvement products that we offer to clients, ...

The Rice Producers Association (RPA) on Wednesday floated the idea of importing labour for that grain industry because of a shortage of workers due to lower birthrates, but said so far no application has been made to the government to grant work permits. “For us to address the situation immediately, government needs to import labour and the importation of labour ...

LIAT (1974) Limited would have to show that it would be feasible to serve the Guyana route before fresh approval is granted to fly to this southern Caribbean Community (CARICOM) mainland nation, but would not be blocked to protect InterCaribbean Airways, Aviation Minister Juan Edghill said Friday. “No, no, no, no! There is no exclusivity here for anybody…We like competition ...