Business

The Guyana Gold Board (GGB) on Monday confirmed that a gold dealer’s licence was issued to Adolphus Mining Inc. after checks and verification were done on one of the company’s principals in whose possession a large quantity of raw gold had been found. The Board also confirmed that television reporter, Travis Chase is a director of the company which was ...

Residents of the town of Mahdia, Potaro-Siparuni (Region 8) were Friday battling severe flooding caused by extremely heavy rainfall, resulting in the Civil Defence Commission (CDC) considering opening shelters for affected residents and rushing in relief supplies. Director-General of the CDC, Colonel Kester Craig said cleaning supplies were being rushed to the gold mining-dependent town as the water level has ...

The Georgetown City Council on Wednesday agreed to cancel a contract for cleaning Bourda Market, after concerns were raised that the municipality could not afford to pay GYD$2 million per week, despite suggestions that negotiations continue for a lower fee. None of the councillors voted against the call to cancel the contract with Dartmouth Skips Rental after Mayor Ubraj Narine ...

ExxonMobil Guyana has partnered with the Silver Sands Sports Club in Waramuri Village, Barima-Waini, (Region One), to refurbish the recreational ground in the community, the company said in a statement. The facility was commissioned last Saturday. President of Silver Sands Sports Club, Rowena Williams said this has been a dream of several senior citizens of Waramuri. She remarked that the ...

Guyanese politicians were Tuesday urged to stop promising jobs to youths and instead find real solutions such as financial support for job seekers and volunteerism to grapple with the unemployment crisis facing the country’s largest voting block. The calls were issued by several panelists at a round-table discussion on “youth unemployment” that was organised by the Ministry of the Presidency’s ...

Guyana is not expected to pay a huge guaranteed subsidy to the Antigua-headquartered regional airline, LIAT (1974) Limited because a significant number of travellers continue to fly to and from this destination, an airline spokesman said Monday. The disclosure was made even as Barbados indicated that it was willing to sell its shares in the cash-strapped regional carrier that serves ...

In the wake of a spate of violent robberies in East Berbice, three suspected bandits were Sunday afternoon shot dead, police said. Police Commissioner Leslie James confirmed that three men were shot and four guns were recovered during the confrontation. Sources said those killed include Ramnarine Jagmohan, who was recently released from jail on a murder charge, Kevin Shivgobin who ...

Guyana’s Interception of Communications Act was Wednesday amended to pave the way for call centres to legally record calls with customers, Minister of Public Telecommunications Cathy Hughes told the National Assembly. In piloting amendments to the 2008 Act, Hughes said the law currently does not take into account advances in telecommunications technology. She explained that call centres are required to ...

Republic Bank on Wednesday has confirmed that some of its customers have been impacted by recent fraudulent activity on its Visa International Debit cards. Following is the remainder of the Republic Bank statement. Through its robust monitoring systems, the Bank was able to quickly identify cases where customers’ cards were compromised and was able to effectively minimise the risk to ...

A Canadian-registered Twin Otter plane, whose purchase and operation had triggered concerns that Aurora Gold Mine (AGM) had been taking away revenue from the local aviation company, has been sold, the Canadian mining company said. “The Twin Otter is being sold overseas and it is due to depart Guyana around mid-June,” AGM said in a statement. In making the announcement, ...