Business

A new five-star 150-room AC Marriott Hotel is scheduled for construction in Guyana this year, government’s National Industrial and Commercial Investments Limited (NICIL) announced on Wednesday. “Trinuyana Investments Incorporated principals are confident that the proposed development will boost the existing architectural and landscape ambience of the Ogle area while providing a sustainable design approach, ensuring that the space remains a ...

The Guyana Police Force says its anti-financial crimes Special Organised Crime Unit (SOCU) secured the conviction of a gold smuggler and a former official of the state-owned Guyana Rice Development Board (GRDB). Vibert Marks was found guilty and fined a total $120,000 on Thursday, February 6, after he was charged with exporting gold without a license and attempting to bribe ...

Three suspects in the robbery of the Guyana Telephone and Telegraph Company’s (GTT) kiosk at Giftland Mall have been arrested. A senior police source says they were arrested at various points including East Bank Demerara; D’urban Street, Wortmanville, Georgetown and at a local transportation and vehicle spare parts company. At about 8 pm Monday night, two men robbed the kiosk ...

The Liliendaal, Greater Georgetown-based Giftland Mall says its security guards were unable to respond to the armed robbery of the Guyana Telephone and Telegraph kiosk Monday night because authorities have not approved the company’s application for at least two of its guards to carry guns. Noting that the robbery was the first of its type since the mall opened four ...

The Guyana Telephone and Telegraph’s (GTT) kiosk on the lower flat of Giftland Mall was Monday night robbed by two youths armed with a gun. “Customers were still lined up to pay as today (Monday) is the last day for bill payments. Two males just walked up, pulled the guns, collected the money and walked out,” GTT spokeswoman, Jasmin Harris ...

Thousands of sugar workers are set to get a wage and salary increase next month whether or not negotiations with the two trade unions are successful, a senior official of the Guyana Sugar Corporation (GuySuCo) disclosed. GuySuCo’s Chief Industrial Relations Manager, Deodat Sukhu told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that his negotiating team has already ruled out ...

Following nearly two weeks of industrial action by Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) workers, police and residents, at Aroaima, are now in a standoff over efforts by lawmen to remove the blockade of the Upper Berbice River, police said. Police on Wednesday swooped down on the area and removed ropes and drums that angry workers and ...

Prime Minister Moses Nagamootoo Tuesday night condemned a Global Witness report that concludes that the 2016 ExxonMobil deal amounts to a US$55 billion giveaway, instead saying that government fast-tracked negotiations to prevent the company from pulling out due to Venezuela’s claim. Nagamootoo criticised Global Witness’ call for a suspension of oil production to pave the way for renegotiation of the ...

Even as the United Kingdom-headquartered international natural resource anti-corruption watchdog, Global Witness, calls for a renegotiation of the Stabroek Block agreement with ExxonMobil to secure at least a 69 percent equal share of oil revenue, an independent probe has found that ExxonMobil appeared to have withheld vital information about another oil discovery before signing the controversial 2016 agreement. The UK-headquartered ...

Russian Aluminium (RUSAL) on Monday decided to close operations at the Bauxite Company of Guyana Inc (BCGI) and fire all 326 workers, citing industrial unrest and damage to property. “The suspension of BCGI will have no impact on the Company’s overall performance, as the expected decline in the overall bauxite supply from Guyana will be substituted with raw material from ...