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

Business

US EXIMBANK poised to approve US$660 million for gas to shore project- Jagdeo

Vice President Bharrat Jagdeo on Thursday said the United States’ Export-Import Bank (EXIMBANK) would approve an application for US$660 million to finance the construction of the Gas-to-Shore natural gas-fired electricity and liquids plants at Wales, West Bank Demerara. He said he received “assurance” from the President and Vice President of the EXIMBANK, Department of Commerce and the US State Department ...

Read More »

Guyana to lobby UK insurance company to reduce risk analysis

President Irfaan Ali on Tuesday announced that Guyana has requested the United Kingdom (UK) government to consider mounting a joint lobby to Lloyd’s of London insurance company to reduce its risk assessment of this country’s maritime space due to the border controversy with Venezuela. “Together, we will have to speak to Lloyd’s so that they can understand the nuances, the ...

Read More »

GUYSUCO rolling out mechanisation to counter labour shortage – Agri Minister

The state-owned Guyana Sugar Corporation (GuySuCo) has employed 543 new employees at Rose Hall Estate to implement a mechanisation programme as the sugar industry continues to grapple with a labour shortage, Minister of Agriculture Zulfikar Mustapha said Tuesday. He was responding to questions from opposition APNU+AFC parliamentarian, Vinceroy Jordan about why GY$643,690,000 was spent on wages and salaries. “We employed ...

Read More »

Venezuelan threats land Guyana on Lloyd’s Risky Shipping List

(Bloomberg) — One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s Market Association’s Joint War Committee on Monday applies only to vessels visiting offshore installations in the Guyanese Exclusive Economic Zone outside the nation’s “territorial waters.” The move may ...

Read More »

Wing in UG’s New Science and Technology Building at Turkeyen Campus to be named after fallen GDF Brig. Gary Beaton, a Graduate Engineer of UG’s Faculty of Engineering and Technology

…Facility will immediately supply 15,000 of the 30,000 square feet needed The University of Guyana (UG) and one of its key development partners, the Greater Guyana Initiative (GGI), on Friday, 15th December 2023, turned the sod for a three-part project which includes the construction of a new and modern state-of-the-art Science and Technology Building at the University’s Turkeyen Campus. UG ...

Read More »

Opposition Leader welcomes Guyana-Venezuela peace deal, but criticises govt for lack of preparation for Ali-Maduro meeting

Opposition Leader Aubrey Norton has welcomed the Guyana-Venezuela ‘peace pact’ that was brokered by the Community of Latin American and Caribbean States (CELAC), Caribbean Community (CARICOM) and Brazil, but at the same time flayed the Irfaan Ali administration for not having preparatory talks. “On the positive side, I believe that there is some relaxation of tension, commitment to peace and ...

Read More »

Guyana will not allow any joint activity in its territory without right to approve

President Irfaan Ali on Thursday  indicated that Guyana would not engage in any activities within its territory without enjoying its right to grant approval, even as he maintained that his country reserved the right to defend itself against any aggression by Venezuela. “I made it very clear that Guyana has all the right to exercise its sovereign right within its ...

Read More »

CARICOM leaders support World Court for settling Guyana-Venezuela border controversy; call for Ali-Maduro talks

Caribbean Community (CARICOM) leaders on Friday, backing Guyana’s position to resolve the border controversy with Venezuela through the International Court of Justice (ICJ), called for talks between Guyana’s President Irfaan Ali and the President of Venezuela Nicolas Maduro. “CARICOM calls for a de-escalation of the conflict and for appropriate dialogue between the leaders of Venezuela and Guyana to ensure peaceful ...

Read More »

Guyana to take Venezuela to UN Security Council after Maduro’s announcements about Essequibo; GDF contacts US Department of Defence

President Irfaan Ali late Tuesday night announced that Guyana would be lodging a complaint with the United Nations Security Council (UNSC) against Venezuela for breaching the International Court of Justice’s (ICJ) order by taking several steps concerning Essequibo including ordering foreign companies to leave concessions awarded by Guyana within three months. “Guyana will tomorrow (Wednesday) bring this matter to the ...

Read More »