Business

– by Barbados Today June 27, 2020 “From all indication, LIAT will be liquidated,” Prime Minister Gaston Browne has just announced. The Prime Minister said there will be a meeting of all shareholders shortly to discuss collapsing LIAT. A new entity will be formed. “COVID would have actually, let’s say increased the losses exponentially, so whereas in all of 2019 LIAT made ...

Demerara Distillers Limited (DDL) on Friday announced a donation of alcohol based sanitizing cleaner, Environ, to the Ministry of Education to assist secondary schools with preparation for the upcoming Caribbean Examinations Council (CXC) Examinations (CSEC and CAPE). One hundred and twenty-eight secondary schools across the country will each receive a 19 litres (5 gallons) of the cleanser to ensure that ...

Three mine workers, who allegedly beat and robbed their boss of more than 14 pennyweights of raw gold, have been arrested and the precious yellow metal has been recovered, police said. The gold miner, 62-year old dam Da Silva , 62, of Boa Vista, Brazil/Sandhill Landing, who suffered a fractured leg and multiple lacerations about his body, is admitted at ...

The Guyana Gold and Diamond Miners Association (GGDMA) in Friday blamed government for poor border enforcement and allowing illegal shops as main reasons for the upsurge of the coronavirus, COVID-19, in mining districts. The association appealed to the authorities to take decisive action to stop the spread of the virus. “It appears that the COVID-19 is being spread at our ...

The Ministry of the Presidency’s Department of Energy on Friday released the names of 19 companies that will be asked to submit proposals to sell Guyana’s oil. Government said the companies were shortlisted by a five member Evaluation Committee “after a detailed check” of each firm’s expression of interest for general and technical data in relation to qualifications and experience ...

The Guyana government has granted a further extension to the timeline on the existing tax relief measures for affected individuals and businesses. The Guyana Revenue Authority (GRA) said that decision was made “having carefully assessed the impact of COVID-19 on the economy to-date.” In this regard,  relief measures that were introduced in March and were scheduled to end on June 30, ...

Reproduced from CNN Two major British companies have acknowledged their historic ties to the slave trade and pledged new financial support to black and minority ethnic communities. Lloyd’s of London, the world’s oldest insurance market, and pub chain Greene King said in statements late Wednesday that they would take steps to make their businesses more racially inclusive and provide financial support to ...

The National COVID-19 Task Force (NCTF) announces a six phase re-opening of Guyana commencing with Phase 1 starting tomorrow, June 18th and will last until July 2nd. Government says the current curfew of 6pm to 6am will remain in effect for Phase 1 in all administrative regions. The non-curfew measures will be lifted in Regions 5 and 8 which, to ...

A Guyana Defence Force (GDF) Britten-Norman Islander, which was purchased two years ago, made an emergency landing at Bimichi, North West District Friday afternoon. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt. Col. Egbert Field confirmed that the pilot informed him that there was an engine failure. Field says the plane developed engine problems while travelling from Mabaruma ...

The Ministry of Finance Wednesday night said Guyana’s Treasury does not have any cash to bail out the financially saddled state-owned Guyana Sugar Corporation (GUYSUCO). The Finance Ministry, in a carefully worded statement, suggested that monies would be facilitated from another source. The Ministry of Finance notes Guysuco’s request to the Government for a bailout,  and wishes to assure that ...